Professional management of your association’s money has a tremendous impact on the success of your community. FirstService Financial’s highly trained financial team provides customized solutions for thousands of communities, helping to navigate the complex association investment landscape and deliver results that meet your community’s unique needs.
Click here to see if your community is eligible for additional yield on association deposits.
FirstService Financial provides FirstService Residential clients with financial solutions to streamline, maximize investment, monitor, and protect in the ways explained below.
Streamline
Account onboarding and maintenance
We assist in opening and administering our clients’ bank accounts to aim for accuracy and eliminate confusion. In compliance with industry regulations, all client funds are maintained in separate accounts using their distinct tax identification numbers. Additionally, we review and monitor all client accounts to ensure operational efficiency with minimal expense.Resident payment solution
We provide our clients with an integrated and enhanced receivables solution tailored for the community association industry. Our platform enables residents to pay their regular, special, or miscellaneous fees to their community through multiple payment channels when and how they want.Vendor payables solution
Our streamlined payables platform is a fully integrated accounting system solution that captures vendor invoices, allows for board and property manager invoice approval, and can issue vendor payments.Maximize Investment
With billions of dollars in administered funds across North America, FirstService Financial leverages our scale to eliminate unnecessary bank fees while providing increased interest rates. With an integrated approach to long-term reserve fund management, we offer multiple financial products through various banking institutions to do our best to meet our clients’ liquidity needs, generate long-term interest yields and principal protection.Monitor and Protect
Deposit Security
We recognize that our clients have a fiduciary responsibility to ensure that their community’s funds are secure. With that in mind, we have partnered with highly rated banking institutions to provide the peace of mind they desire. Through FDIC/CDIC deposit insurance, excess deposit and diversification programs, and quarterly financial reviews of our banking partners, we strive to protect the safety of our client’s principal.Fraud Prevention
In addition to our internal fraud monitoring technology and protocols, our banking partners are at the forefront of fraud prevention and detection.Bespoke financial solutions should be as efficient as they are effective. FirstService Financial was able to reallocate an important amount of our community funds to help us earn an additional annual interest income while remaining FDIC protected.— FirstService Residential board member, Atlantic City, NJ.
35+
long term banking partner
3x
industry earnings via market leading rates
24-48 hr
account opening
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Let us show you how FirstService Financial can serve your community.