As a FirstService Residential Texas association client, your association can benefit from the quality banking and insurance services of FirstService Financial, Inc. (FFI), our affiliated financial services company. FFI offers a full selection of financial services to the affiliated firms of FirstService Residential, our parent organization. The company has performed more than $1 billion in financing transactions since 2003. In addition, FFI recently created an algorithm to support underwriting for every building managed by FirstService Residential.
Exceptional Banking Programs Reduce Fees and Generate Savings
FFI has a portfolio of over 9,000 clients in North America, enabling the company to negotiate the best rates with topnotch vendors and pass the savings to FirstService Residential communities. FFI’s Cash Management team strives to meet each client’s needs by designing optimal short- and long-term plans which offer significantly higher earnings than money market or savings accounts, immediate access to funds, maximum interest returns, and relief from the security and tracking burden. In addition, clients enjoy added savings from FFI’s use of revolutionary technology to handle its bulk of monthly transactions.
Premium Insurance Programs Maximize Coverage and Cost-Efficiency
Over 2,800 sites in North America trust FS Insurance, an FFI subsidiary, to write their insurance every year. FS Insurance generates and co-brokers insurance products exclusively at its managed locations through a network of local agencies covering all major markets. Through its continuing commitment to risk management training, mitigation and control, FS Insurance delivers above-average yields to its insurance company partners and produces loss ratios ranging at least 50% below market average.
Additionally, FirstService Residential’s significant combined buying power gives FS Insurance, our affiliate, the leverage to provide the most comprehensive and cost-efficient risk coverage insurance products available in the market. Insurers rated “A” by AM Best, these products offer pricing and program stability. Furthermore, with access to over 20 years of historical information, FS Insurance also designs exclusive insurance products that prove to carriers that FirstService Residential clients have loss experiences considerably below market – resulting in substantial added value for our customers.
Although all of FFI’s banking and insurance services are voluntary, many homeowner associations choose to take advantage of the value they offer. Services include:
Lockbox and Electronic Payment Options
Cash Management and Investment Services
Debt Placement Services for Associations
Insurance Policy Review/Gap Analysis
Association Policy Placement Services
Property and Casualty Programs
Directors and Officers (D&O) and Fidelity Proprietary Products
Learn more about how FirstService Residential’s banking and insurance services can help your Texas homeowners association.
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