Financial Asset Management

A company's or an individual's finances are very important in a lot of ways. Having a lot of assets right now is not a guarantee of stability especially when one considers today's erratic economy. Financial asset management is an effective way of handling one's financial assets which can take its place in various forms. When done right, financial asset management stretches the full potential of one's assets.

Financial asset management is responsible for managing and guiding investments and assets for increased returns. The risks and costs of managing these are also considered to make them last over their entire life span. The services that financial asset management provide commonly include but is not limited on checking services, credit cards, debit cards, margin loans, automated transfers from one account to another, and even brokerage services.

One's ability to write checks either as a form of payment or as a bond between the company and their suppliers or the individual and his/her concessionaire may be an indication of the company's or the individual's capacity to pay based on the assets that are currently in their or his/her name. Financial asset management also utilizes this method as a form of payment deferment for even better handling of finances. Financial asset management also handles credit and debit cards, allowing for proper management and on-time payments. Cash balances may also be automatically transferred into money market funds depending on the clients' discretion and is made easier through financial asset management.

Financial asset management tracks and records all the transactions made which are then organized then stored, ready to be accessed for future use. The centralization of the financial assets of a company streamlines the asset management process which gives the clients an idea of how well they are doing as measured by their financial assets. Upon knowing their financial status, the different options as to how to invest or maximize their assets are made available to them to further increase returns.

Community Management Services: Signs a Community Needs HOA Management

There are several types of community mismanagement, but they all have the same result: the residents of a community are disappointed by its failure to uphold neighborhood standards or deliver on promises. When HOA neighborhoods have difficulty meeting their obligations to residents, community management companies can help them meet the obligations, but the key is to know when the assistance of a management company is needed. When a neighborhood faces one or more of the following problems, it may need the help of an organization that renders community management services for HOA neighborhoods:

Unkempt Grounds

Unkempt properties are an obvious sign that an HOA is out to lunch. Although most members of HOA neighborhoods are happy to maintain their property and keep it beautified, some members ignore neighborhood rules, and let their property become an eyesore. An HOA support service can ensure properties remain properly maintained by issuing warnings and penalties to non-compliant property owners.

Outstanding Homeowner Fees

Outstanding homeowner fees are never pleasant to collect, but leaving them uncollected limits the ability of an HOA to support the neighborhood financially. If a neighborhood has thousands of dollars in uncollected dues, collecting them with the help of an HOA support service is an excellent way for the neighborhood to become financially current.

Low Return for Homeowner Fees

Different neighborhoods invest homeowner fees in different ways. Some charge low fees and use them strictly for maintenance, while others charge high fees and use them for a combination of maintenance, annual projects, and service support. Regardless of how a neighborhood invests its fees, it is the job of the HOA to ensure the fees are invested as planned. If they are not, and financial mismanagement is to blame, community management companies can help.

HOA Board Lacks the Time to Address All Business Matters

Community management services provide administrative support to HOA boards that lack the time to give business matters the attention they deserve. For HOA boards that are composed of members who have other jobs, receiving the administrative support of a management service can be essential.

Increasing Number of Empty Homes

If there is one thing that no HOA community wishes to see, it is an increasing number of empty homes in the neighborhood. Empty homes can make a neighborhood seem unappealing to potential buyers, and it may indicate a degree of discontent among residents.

Unfinished Neighborhood Projects

Unfinished projects can be the result of several things, such as poor financial planning, lack of initiative, and poor project management, to name only a few. Regardless of their cause, unfinished projects can make a neighborhood frustrating for its residents and unpopular with prospective homebuyers - two things no HOA community wants to happen.


Community management companies help HOAs improve neighborhood management and meet the expectations of residents. If your neighborhood faces one of more of the problems above, its HOA board should consult with a company that offers community management services. To learn more about the benefits of using an HOA support service, contact an HOA support service that specializes in neighborhoods like yours.

Finance Management: Balance the Books to Keep Your Head Above Water

Finance management has become important again - as if it was ever unimportant! The past few years have been difficult times, and just when we all believed things were getting better, it is all starting over again. Sure, we should all keep an eye on what we spend, but people have been feeling more secure lately. Now with the American Dollar disintegrating and affecting world currencies that were already generally weakening, what can we do to balance the books and keep our heads above water?

Basically, we have to do what we should always be doing: spend less than we make. Whether you are at the head of a large corporation, are a manager, are running your own small business or are an individual trying to run your home, if you spend more than you make then the ultimate result is disaster. Effective finance management is essential. You must balance the books so you do not spend too much.

Hiring Help

If you are running a business and are having trouble looking after your finances, then get help. You don't have to employ somebody full time just yet - but hire a consultant to help you. Maybe a part time accountant or bookkeeper will be able to keep you on the right track. You must manage your finances, whether your company is multinational or just a one-person business. The same is true if you are a family - you will also suffer if you spend more than you earn.

Essential Spending

Finance management is more than just being able to balance the books, but is also about spending where it is most effective. Essential spending must be targeted and you must leave what you can do without. In order to achieve this, you must have an accounting system that enables you to control how you receive and pay out money. Not only control, but analyze and improve, and help you to maintain your monthly budget.


A monthly budget is essential in finance management, and a great way to keep track of your spending. First, you must target unnecessary expenditure, and you should start with the office - not because the office is the least important part of your business, because all parts are important, but because that is where you have most latitude in reducing costs.


Look for bulk discounts on office supplies that will save you money over the year. Use your initial savings to upgrade to a computerized accountancy system that will ultimately save you a great deal of money, and will help you balance the books by recording and tracking income and expenditure. A good finance management system can be worth its weight in gold to a small or medium business that cannot afford an entire financial and accounting department.

Similar considerations apply to you as an individual. Finance management involves checking your income against essential expenditure and then knowing exactly what is left for non-essentials. It is as important to balance the books in your household as it is in your business. Then both can survive any crisis thrown at it if you spend less than you make.