Investment Management for Special Function (e.g. Settlement/Reconstruction funds)
Many associations receive surplus funds as a result of a Construction Defect Settlement or other such litigation. These funds are typically very significant in amount relative to the regular reserve funds and have a higher liquidity need. In these cases, we can manage an account, separate from your Reserves, keeping the funds invested in FDIC money markets and CDs with maturities that correspond to the anticipated cash flow as outlined in the reconstruction cost schedule.