Professional investment management for Association Reserve funds
Farther works with condo, HOA, and community association boards on reserve investment strategies, providing fiduciary guidance, expert advice and broad access to risk appropriate investments.
Expert advice and financial strategies for your association
Managing reserve funds requires association boards to address three critical questions: how you actively manage your current reserves, whether your strategy ensures continuity for future capital needs, and if you are receiving the financial guidance required to navigate complex state regulations.
You have a fiduciary responsibility to proactively manage both reserve and operating capital. Yet, many boards leave significant funds sitting idle in low-yield bank accounts and short-term CDs. Because board members serve as volunteers, inevitable turnover creates gaps in oversight that can compromise a long-term reserve strategy.
Association leaders built our program to equip boards with strategic capital planning. We work directly with your board or finance committee to align your reserve study with the appropriate investments and liquidity. Your advisor builds a custom plan around your community's specific liquidity requirements and your state's regulatory rules.
Farther operates independently of specific banks and management companies. We provide the financial expertise, consistent planning, and long-term continuity required to support your community, regardless of who is serving on the board.
Why Farther
Your advisor will model the right mix and the right timing for your specific situation. We recognized that no two associations are the same.
We provide data-driven decisions to support your capital planning, budgets, and spending. Our fee structure is transparent. We don't accept commissions on trades or investments. The advice you get is paid for by your association.
Some association boards rely on volunteers without financial credentials or on relationships that operate under a different standard of care than an RIA. Working with a registered investment adviser brings a fiduciary standard to every recommendation made about your association's capital.
Board members rotate, and reserve strategies don't have to start over every time. Your Farther advisor maintains continuity across board transitions, so the next treasurer doesn't inherit a black box.
Assets are held at Schwab, Fidelity, and Pershing. Your association's funds are held by the custodian, with the standard protections, transparency, and insurance that custodians provide.
Your reserves can do more than sit in cash
Your options depend on your reserve study horizon, your liquidity needs, and state laws. Common strategies include:
Laddered Treasury bills and notes
Government Agency Bonds
Money market funds
Short-duration bond strategies appropriate to your reserve study horizon
We frequently help associations work through questions like:
- What investment options are available to us, given our reserve study and state rules?
- How quickly can we convert investments to cash if we need access to reserve funds?
- What's the difference between Treasury bonds and Treasury ETFs?
- Where can I view our balances online?
- How do I grant another board member or our property manager permission to view or transact in the account?
- How is our account protected?
