Reserve Fund Advisers

Reserve Fund Advisers provides financial planning, investment monitoring and consulting, and specialized investing strategies for condominium and homeowners’ association reserve funds, while also serving individuals, trusts, estates, charitable organizations and business entities. The firm documents a range of planning services — cash flow, retirement and education savings analyses — and offers educational seminars targeted to condominium/HOA members and boards.

The brochure describes an investment approach that emphasizes academic-based asset allocation, diversification and tax-awareness and notes the use of both fundamental and technical analysis, with strategies that include long- and short-term purchases, trading, margin, short sales and covered options. RFA Advisers states it can manage accounts with client-approved discretionary authority and delivers advice through assets-under-advisement arrangements as well as hourly planning engagements.

What stands out compared with many peers is the explicit focus on converting reserve studies into “asset retirement plans” for associations and the provision of no-cost educational seminars for HOA stakeholders, services the firm highlights throughout its brochure. The brochure also presents illustrative fee calculations and discloses receipt of research and institutional support from providers such as SEI and SIMC, while noting the firm does not accept performance-based fees and does not vote proxies on clients’ behalf.