The company’s industry-leading 1031 Exchange Solutions offers TIPRO attendees methods to free-up capital
San Jose, CA, March 13, 2012– NES Financial, a leading provider of 1031 exchange services for the oil and gas industry, is scheduled to return to TIPRO’s 66th Annual Convention on March 27-28, 2012 in Dallas, Texas and exhibit its leading 1031 Exchange Solutions.
Providing flexible and efficient 1031 exchange solutions for upstream, midstream and downstream companies, NES Financial’s comprehensive solutions combine state-of-the-art administration technology with the highest level of expertise and services. The company, whose General Counsel developed major guidance for 1031 exchanges during her tenure at the IRS National Office, is the largest provider of 1031 exchange services in the country.
“We’re excited to exhibit our leading 1031 Exchange Solutions at TIPRO this year,” said NES Financial’s Executive Vice President of Worldwide Sales and Marketing, Reid Thomas. “When we examined the alarming occurrence of malfeasance in the 1031 exchange sector, we saw an opportunity to develop a technology-based solution to enforce a series of proactive best practices to ensure the utmost protection for clients’ funds. Our 1031 Exchange Solutions are designed to address the needs of corporations with complex, sophisticated transactions, such as those in the oil and gas industry with the most security and transparency available today.”
TIPRO’s Annual Convention assembles key industry members to discuss recent industry news and policies—including economic, compliance, and environmental changes—currently affecting the oil and gas industry.
NES Financial has been an active partner with the Texas Independent Producers and Royalty Owners Association (TIPRO) for the past several years, including presenting at and sponsoring several conferences. Thomas also published an article in the TIPRO TARGET that offered insights for selecting a Qualified Intermediary.
NES Financial continues to be a leading provider of technology, expertise and administrative services for banks and corporations as well as a leading provider of 1031 exchanges for the oil and gas industry. By combining secure, cloud-based technology with advanced automated processes, NES Financial’s solutions improve operational efficiency and reduce risk for major corporations.
For more information on NES Financial’s solutions for the oil and gas industry, click here.
About NES Financial
NES Financial (NESF) is a leading provider of trust and escrow administration technology and services for banks, other financial institutions and Fortune 500 companies. The company’s state-of-the-art virtual private cloud-based solutions provide banks and financial institutions with increased fee revenue opportunities, reduced compliance costs and improved operating efficiency. NES Financial focuses on business sectors with complex processes, significant compliance requirements, and large sub-accounting needs, including landlord/tenant security deposit escrows, client trust accounts, capital raises, pre-need trusts and many more. NES Financial was recently ranked in Inc. magazine’s Inc. 500|5000 list of fastest-growing businesses in America.
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