At The Levy Tebeleff Group at RBC Wealth Management, we support community association boards, through more than 14 years of managing community association funds, and providing investment advice for reserve funds and other accounts. Our experience includes working with more than a dozen different property managers, and more than 150 community associations in multiple states including: New Jersey, Pennsylvania, New York, Florida and Connecticut.

We base our investment strategies on a review of each community's reserve study, dialogue with board members, and upcoming liquidity needs for pending projects. Investments are structured to protect principle, meet liquidity requirements and generate reasonable annual returns without taking inappropriate levels of risk. RBC's Bank Deposit money market program provides up to $500,000 of FDIC insurance coverage.

Services for community associations are very cost effective. Relationships with more than $250,000 in assets do not incur account fees. Investment costs are generally low and can be at no cost based on the investment mix we use.