Financial-Related Services

Benefit from our aggregate buying power.

FirstService Financial (FFI), our financial-related services division, was created to aggregate the buying power of the communities we represent in North America. The result? Enhanced operating efficiencies, reduced costs and increased real estate values. Division professionals work closely with corporations, banks, insurance companies and other major institutions across North America to secure the most competitive prices for the highest quality services, such as banking, insurance, cable and many others.

FFI offers financial services exclusively to clients of our affiliated firms. They include 5,600 associations in North America, which represent over 1.3 million homes and commercial properties –a total square footage of approximately 1.5 billion square feet. While the division’s services are not mandatory, many clients choose to participate because of the added value they deliver, thanks to the global purchasing power of FirstService Corporation. Services include:

Banking Programs

• Reserve Program – Designate programs provide above-average interest rates on reserve, capital improvement and escrow accounts
• Lockbox Program – Industry-leading, affordably priced lockbox service programs provide seamless collections for monthly payments, with coupon, paper ACH and online payment options
• Cash Reserves Program – Specially designed for homeowners associations and condominiums, FFI’s Cash Reserves Program offers communities significantly higher earnings than savings or money market accounts, with immediate access to funds
• Lending Services for Associations – As an agent for affiliates, FFI assists association in fulfilling their financing requirements with flexibility and certainty, facilitating or assisting in loan placements in excess of $500 million for cooperative, condominium and homeowners associations

Insurance Programs

• Commercial Insurance Products
  FFI has been bringing value-added services to its affiliated management companies across North America since 1997. FFI merged its commercial and residential property management expertise with Worthington Insurance Agency, a full-service insurance brokerage company, to help clients manage the complex insurance purchase and loss mitigation process. Worthington continually works with insurance carriers to increase the number of participants competing in a marketplace and/or create new products that meet the needs of management clients.

• Premium Financing
  FirstService Financial Premiums, Inc. (FFIP) is a specialized finance company providing premium financing for our commercial insurance policies. FFIP offers competitive interest rates and terms to properties managed by FirstService affiliates.