Preferred Banking and Insurance Services Add Value

Comprehensive Financial Programs 

As a client of FirstService Residential in Massachusetts, your association can benefit from the quality banking and insurance services of FirstService Financial, Inc. (FFI), our affiliated financial services company.  Affiliated firms of FirstService Residential are offered a full selection of financial services through FFI.

Since 2003, the company has completed more than $1 billion in financing transactions. Additionally, FFI recently generated an algorithm to support underwriting for every property managed by FirstService Residential.

Exclusive Banking Programs Reduce Fees and Create Savings

With a portfolio of over 9,000 clients in North America, FFI enables the company to negotiate the best rates with premium vendors and pass the savings to FirstService Residential clients. FFI’s Cash Management team strives to meet each communities’ needs by creating optimal short- and long-term plans which offer considerably higher earnings than money market or savings accounts, immediate access to funds, maximum interest returns, and relief from the security and tracking burden.  In addition, clients enjoy added savings from FFI’s use of innovative technology to handle its bulk of monthly transactions.
 

Top Insurance Programs Maximize Coverage and Cost-Efficiency

FS Insurance, an FFI subsidiary, is trusted by over 2,800 sites in North America to write their insurance every year. It generates and co-brokers insurance products solely at its managed locations through a network of local agencies covering all major markets.  By continuing its commitment to risk management training, mitigation and control, FS Insurance delivers above-average yields to its insurance company partners and produces loss ratios ranging up to 90% below market average.
 
Additionally, FS Insurance is able to provide the most comprehensive and cost-efficient risk coverage insurance products available in the market by leveraging FirstService Residential’s substantial combined buying power.  Insurers rated “A” by AM Best, these products offer pricing and program stability.  Additionally, with access to over 20 years of historical information, FS Insurance designs exclusive insurance products that demonstrate to carriers that FirstService Residential clients have loss experiences noticeably below market – resulting in significant added value for our customers.

Although all of FFI’s banking and insurance services are voluntary, many associations choose to take advantage of the value they offer.  Services include: 
 

Banking Programs

  • Lockbox and Electronic Payment Options

  • Cash Management and Investment Services

  • Debt Placement Services for Associations

 

Insurance Programs

  • Insurance Policy Review/Gap Analysis

  • Association Policy Placement Services

  • Property and Casualty Programs

  • Directors and Officers (D&O) and Fidelity Proprietary Products

Learn more about how FirstService Residential in Massachusetts’ banking and insurance services can help your association.