Selecting a Qualified Intermediary to facilitate your Section 1031 Exchange is a very important issue for you, but it should not be a complex matter.  You must ensure that (i) your exchange funds will held safely so they will be available to you for the purchase of your Replacement Property; (ii) The person who is assigned to close your exchange has the necessary experience and background to recognize potential issues and to answer your questions as well as those of your attorney or accountant; and (iii) The fee for your exchange, including the interest paid to you on your exchange funds, is reasonable and competitive.

Under the Section 1031 rules, your exchange funds must be held in an account established by the Qualified Intermediary.  Beacon Exchange Company has taken every precaution to ensure the security of your  funds, including: 

1. Your exchanges funds will be immediately deposited with a substantial and federally regulated financial institution to ensure safety and liquidity.

2. Your funds at all times will be held in an individual, dual signature account.  Your funds will never be co-mingled with those of any other person or entity, nor can your funds be withdrawn from this account without your written authorization.

3. You will have the ability to check your balance in your exchange account  at all times, 7 days a week, 24 hours each day.

4. For your protection, Beacon Exchange Company participates in the fidelity bond insurance program of the Federation of Exchange Accommodators. 
 

We invite you to call us if you would like to review these safety and security precautions.