The other day, a client asked me what differentiated NES Financial as a Qualified Intermediary (QI) from our competitors. I came up with 6 great reasons.
- Expertise – No other QI has the expertise that NES Financial has. We offer a team of highly qualified experts with years of 1031 Exchange experience. In fact, our General Counsel helped develop significant 1031 guidance during her tenure at the IRS National Office.
- Focus – This is what we do. We build specific technology and processes dedicated to the 1031 exchange business. Very few can say that. In fact most QIs are very busy real estate law practices, title insurance companies, or banks. For these firms, 1031 QI services are looked at as a small add-on to their existing business. Our clients definitely do not view their 1031 exchange as a small add-on, and they appreciate our focus.
- Security of funds – NES Financial’s mission is to bring security and transparency to specialized financial transactions. NES Financial has set the benchmark for best practices in the industry.
- Innovative technology – Our innovative eSTAC™ platform is purpose built to guarantee secure, transparent, and compliant 1031 exchanges. The eSTAC™ platform’s robust reporting application records and archives all events and documentation associated with your exchange, providing full audit trail capabilities that let you check account activity from anytime, anywhere.
- Unrivaled levels of compliance – Each year NES Financial’s administrative processes are audited for SSAE 16 Type II certification, the same level of certification needed to obtain a federal bank charter.
- Unmatched experience – Experience in all market segments and 1031 exchange types, including Forward Exchanges, Reverse Exchanges, and Program Exchanges, sets us apart from our competitors.
Given the potential for significant tax benefits that can come from a 1031 exchange, it is important to work with an experienced Qualified Intermediary that can customize an exchange to meet your business needs. I have now given you 6 great reasons to give us a call.
If you like this post, get more information on NES Financial’s 1031 Exchange Solutions by downloading our 1031 Exchange Kit.
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