What happens to my investments if Salus’ principals cannot fulfill their fiduciary responsibility or are otherwise unable to maintain active management of the program’s assets and properties?
Investors and assets held in the program are protected in the event that Salus’ principals become incapacitated or are unable to actively manage the firm’s investment program. Salus possesses a $2 million key person insurance policy that ensures that Salus has the necessary resources with which to find a suitable asset manager for the program. In addition, all of Salus’ back office functions are performed by CBRE/Richmond Asset Management Services and in the event Salus’ principals were unable to fulfill their duties a plan is in place to allow for a seamless transition for CBRE/Richmond to immediately transition to become the primary asset manager. The file includes information pertaining to banking, partners, and payment schedules, as well as operational data, debt information, contacts, and correspondence.
