Advising condominium corporations
Within the Dell’Anno Wealth Advisory Group, Robert Dell’Anno and his team have specialized in managing condominium reserve fund investments for our clients since 2001. Together, we manage about $400M in condominium assets for approximately 250 condominium corporations. Our goal is to deliver highly customized and responsive services that result in the development of long-term, trust-based relationships.
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Always working within the regulatory parameters of Ontario’s Condominium Act, our team follows the following investment guidelines:
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Prior to investing assets held in reserve fund accounts, we develop a tailored investment plan in conjunction with the condominium board based on the anticipated cash needs of the reserve fund and in accordance with the latest reserve fund study. The investment plan is updated every three years.
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Investments are made in increments of $100,000 and are limited to bonds, debentures, guaranteed investment certificates, term deposits or similar instruments that are issued or guaranteed by the federal or provincial government.
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The primary goals of the investment management of the reserve fund assets are safety of principal and liquidity.
Robert and his team provide cash flow analysis and customized investment planning and advice for every condo we manage as well as ongoing service throughout the year. We tailor our process for each individual condominium corporation, since every one of our clients is unique and has specific requirements. Count on us for a seamless, organized approach where your needs are met, even as they evolve.
Contact us to learn more.