What Reserve Advisors does

Reserve Advisors is a Milwaukee-headquartered engineering consultancy, founded in 1991, that provides long-term capital planning services to community associations across the United States. Its core offering is the reserve study — a comprehensive physical and financial assessment of an association's common assets paired with a 30-year funding plan, cash flow projection, and reserve deficiency risk analysis. The firm serves four primary verticals: homeowner associations, condominium associations (including high-rises), and private clubs, with secondary segments in property management firms, developers, and institutional owners. It has completed more than 37,000 reserve studies for over 20,000 communities across 2,500 municipalities, making it one of the largest dedicated reserve study providers in the country.

The firm's technical differentiators include a proprietary database of thousands of actual replacement projects used alongside R.S. Means cost data, an enhanced Excel-based planning application that lets boards stress-test funding scenarios, and a proprietary SIRS Reserve Fund Optimization algorithm that determines the optimal allocation of existing reserve funds between structural and non-structural components. The co-founders were founding members of the CAI Reserve Committee that established the national standards governing the reserve study industry. Service delivery is performed by 60+ full-time dedicated engineers (rather than subcontractors) across eight regional offices in Milwaukee, Chicago, Austin, Minneapolis, Arlington VA, Charlotte, Denver, and Tampa.

Revenue is generated on a quote-based professional services model: each study is priced according to property size and complexity, with updates within a few years of the prior study sold at a discount. Beyond reserve studies, Reserve Advisors sells ancillary services including Structural Integrity Reserve Studies (SIRS, mandated under Florida Statute 718), Insurance Appraisals by ASA-designated appraisers, Preventative Maintenance Reports, Energy Services (ASHRAE Level I/II audits), and Defect Surveys. Growth has been augmented by acquisitions of Browning Reserve Group (California/Nevada expansion, 2024) and Waldman Engineering Consultants (Chicagoland engineering depth, January 2026), with a stated 20% historical CAGR.

Name

Reserve Advisors

Legal name

Reserve Advisors, LLC

Website

https://reserveadvisors.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

101–250 employees

Short description

Reserve Advisors, founded in 1991 and headquartered in Milwaukee, is a leading US engineering consultancy providing 30-year reserve studies and capital planning services to homeowner associations, condominium associations, high-rises, and private clubs, with 37,000+ studies completed for 20,000+ communities.

Ownership category

akta.pro rank

Product category

Reserve Study and Capital Planning Services

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industry

Fund Governance Support (Board/Trustee, Minutes, Policies, Oversight) (FSAAAMAH)

Keywords

• Reserve study services
• Capital planning consulting
• Insurance appraisals
• Preventative maintenance reports
• Engineering consulting services

Headquarters

HQ city

Milwaukee

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Reserve Studies: Professional reserve study services providing long-term capital planning for community associations. Includes comprehensive physical analysis, financial planning, and 30-year funding projections. Pricing varies based on property size and complexity. Updates within a few years of the last study cost significantly less than the original comprehensive service.
2. Structural Integrity Reserve Studies (SIRS): Specialized Florida-mandated structural integrity reserve studies for condominiums with 3+ habitable stories. Includes two separate schedules for structural vs non-structural components and associated funding plans.
3. Insurance Appraisals: Independent insurance appraisal services including on-site evaluation by ASA-designated appraisers. Establishes cost to reproduce or replace buildings and structures for insurance purposes.
4. Energy Services: Energy consulting including benchmarking, data verification, energy audits (ASHRAE Level I and II), and energy audit snapshots. Services help reduce environmental footprint and minimize energy costs.
5. Preventative Maintenance Reports: Detailed planning tools outlining best practice maintenance activities for community maintained assets. Includes recommended maintenance schedules and best practices documentation.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Reserve Advisors provides long-term capital planning consulting for community associations through reserve studies, structural integrity reserve studies, insurance appraisals, preventative maintenance reports, energy audits, and defect surveys. Services are delivered by full-time licensed engineers who perform on-site evaluations, produce 30-year funding plans, and provide post-delivery board support.

Product overview

Reserve Advisors offers a comprehensive suite of property wellness consulting services centered around reserve studies and capital planning for community associations. The core offerings include Reserve Studies (the primary long-term capital planning tool with 30-year funding projections), Structural Integrity Reserve Studies (SIRS) for Florida condominiums, Insurance Appraisals, Preventative Maintenance Reports, Energy Services (benchmarking and audits), and Defect Surveys. These services are delivered through a network of licensed engineers and provide communities with the financial and physical analysis needed for long-term asset management.

Differentiator

Problem solved

Functional benefit

Products and services

• Reserve Studies A long-term capital planning tool that helps communities anticipate major repairs and replacements and plan how to fund them over time. Includes 30-year funding plans, cash flow projections, reserve deficiency risk assessments, on-site asset evaluation, remaining useful life estimates, and prioritized project schedules. For community associations including HOAs, condominiums, high-rises, and private clubs.
• Structural Integrity Reserve Studies (SIRS) A non-invasive, visual inspection of critical infrastructure for Florida condominiums that relates to building safety, as required by Florida Statute 718. Includes separate schedules of capital expenditures and reserve funding plans for structural vs. non-structural components. For Florida condominiums with 3+ habitable stories.
• Insurance Appraisals An independent analysis establishing cost to reproduce or replace a community's insurable buildings and structures. Includes on-site evaluation by ASA-designated appraiser, building evaluation report, and insurance detail report with photo documentation. For community associations and property owners requiring insurance valuation.
• Preventative Maintenance Reports A detailed planning tool outlining best practice maintenance activities for community-maintained assets. Includes recommended maintenance schedules, preventative maintenance best practices, and operating vs. capital budget details. For community associations managing long-lived assets.
• Energy Services Energy consulting services including Energy Benchmarking and Data Verification, Energy Audit Snapshot, ASHRAE Level I Energy Audit, and ASHRAE Level II Energy Audit to help properties improve energy efficiency and meet legislative compliance. For multi-family buildings and community associations.
• Defect Surveys An optional service identifying possible defects with supporting photographs, description of defective situations, examples of visually apparent defect locations, and guidance on conducting invasive investigations. For community associations requiring building condition assessment.

Quantifiable outcome

• 37,000+ reserve studies completed
• +4 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Waldman Engineering Consultants (WEC)coreStrategic or Co-development Partner · 2 January 2026Acquisition of Waldman Engineering Consultants, an Illinois-based architectural and engineering evaluation and design services firm serving community associations in Greater Chicagoland area. Founded in 2007, WEC supported 5,000+ clients through forensic investigations, structural inspections, and building envelope assessments. Combines WEC's engineering-focused expertise with Reserve Advisors' national leadership.
• Greenlight AdvisorsminorGTM or Marketing PartnerStrategic partnership through Greenlight Advisors' Certified Partner Program. Reserve Advisors is described as a national leader in capital reserve study planning for golf clubs and recreational facilities partnering with Greenlight Advisors.
• Browning Reserve GroupcoreStrategic or Co-development PartnerAcquisition of Browning Reserve Group, expanding Reserve Advisors' presence in California and Nevada markets. Both firms continue operating with combined expertise in capital planning consulting services for community associations.

Scale indicators8 records

Recent moves3 records

Expansion highlights6 records

Direct peers

• Association Reserves: One of the largest national reserve study firms serving HOAs, condominiums, and cooperatives. Directly comparable to Reserve Advisors in service offering (full reserve studies, updates, SIRS), target customer base (community associations), and geographic scope (multi-region U.S. coverage).
• Reserve Study Group: National reserve study provider focused on community associations and country clubs. Competes head-to-head with Reserve Advisors in core reserve study delivery and update services, with similar consultative engineering-led model.
• Miller-Dodson Associates: Established reserve study firm serving community associations across the United States. Comparable to Reserve Advisors in the types of clients served (HOAs, condos, planned communities) and the long-term capital planning deliverables produced.
• Building Reserves Inc. Specialist reserve study provider for HOAs and condominium associations. Closely comparable to Reserve Advisors in product (reserve studies, updates, SIRS), customer segment, and engineer-led delivery model.
• J. Reserve Solutions (JRES): Reserve study and capital planning consultancy for community associations. Comparable to Reserve Advisors in offering reserve studies, SIRS, and update services, primarily serving U.S. HOAs and condominiums.
• Capital Reserve Consultants: Specialty firm delivering reserve studies and capital replacement planning for community associations. Overlaps with Reserve Advisors in customer base, service scope, and engineer-driven delivery.
• Browning Reserve Group: California/Nevada-focused reserve study firm acquired by Reserve Advisors; retained as a brand. Was a direct competitor serving community associations in the Western U.S. and remains a relevant comparable for the West Coast niche of the market.

Emerging players

• Kendall Reserve Studies (KRS): Smaller specialist reserve study firm serving community associations. Comparable as a niche competitor in the reserve study space with overlap in target customers, though smaller scale than Reserve Advisors.

Broad incumbents

• CliftonLarsonAllen (CLA): Large U.S. accounting and advisory firm that performs reserve studies as part of a broader services menu for community associations. Comparable to Reserve Advisors because it serves the same HOA/condo client base with overlapping capital planning work, but as one offering within a much larger portfolio.

Others

• Willdan Energy Solutions: Energy and engineering consulting firm offering benchmarking, ASHRAE audits, and energy efficiency services to properties — overlapping with Reserve Advisors' Energy Services line and serving similar building owners and associations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCyld8H5GEfdansnTQ-lwWew
• LinkedInlinkedin.com/company/reserveadvisors

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reserve Advisors