Diversified Management Services

Standards For ASAE Accreditation
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Standards for ASAE-Accredited Association Management Companies

The American Society of Association Executives (ASAE) www.asanet.org, has created an AMC accreditation program to ensure quality performance from Association Management Companies. The criteria ASAE uses are as follows.The Association Management Company (AMC):
  1. recognizes the unique missions, goals, structures, and needs of their association clients and uses their best efforts to meet those needs
  2. operates ethically and in compliance with all applicable laws and regulations
  3. accurately represents the expertise, experience, credentials, and services of their company and their employees to the public
  4. manages all client accounts and funds in compliance with accounting rules and regulations as promulgated by the Financial Accounting Standards Boards (FASB)
  5. observes federal tax requirements for maintaining the tax status of their clients.
  6. has written policies precluding co-mingling of assets among client associations or with assets of the AMC.
  7. discloses to clients all income received by commission, finder's fee, and other sources related to the client.
  8. enters into written contracts with each association client stating, at a minimum, the services to be provided, fees and billing procedures, and the term and termination aspects of the contracts
  9. ensures that employees are certified or qualified to provide services to clients when certification or a particular qualification is necessary to serve the client effectively
  10. maintains bonding insurance to protect association clients against employee dishonesty
  11. maintains comprehensive insurance coverage in amounts reasonably sufficient to protect association clients. AMCs also encourage clients to acquire appropriate officers and directors insurance
  12. maintains full and accurate records of current and prior association clients, maintains the confidentiality of all association client records, data, proceedings, contracts, and other information, and maintains and provides a written confidentiality policy to all clients (either as part of or separate from the written contract with the client).
  13. investigates all potential conflicts of interest in their representation of association clients, avoids all conflicts of interest unless an express written waiver of such conflicts is obtained from all relevant parties, and maintains and provides a written conflicts of interest policy to all clients (either as part of or separate from the written contract with the client).
  14. communicates regularly with their association clients to ensure that the AMC is providing all contracted services in an effective and efficient manner
  15. ensures the integrity and confidentiality of each association client's relationship with its legal counsel, including but not limited to the protection of all privileges.
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Diversified Management Services
525 S.W. 5th. Street, Suite A
Des Moines, Iowa 50309-4501
Phone: (515) 282-8192 Fax: (515) 282-9117
Web: www.assoc-mgmt.com Email: dms@assoc-mgmt.com