The safety of client exchange funds is our primary concern. We have taken additional steps to secure client funds by implementing our “Triple Protection” program to ensure the highest level of safety. First, each client’s proceeds are wired directly from the relinquished closing and go into a new segregated account set up solely for the benefit of the exchanger. Secondly, we require the clients written or email authorization anytime funds are moved. Finally, we also offer a Qualified Escrow Agreement (additional fees may apply). This agreement is signed by all parties governs the exchange. This document legally distinguishes the client’s ownership of the funds and creates a firewall from any potential creditor claims.

Additionally, ADE uses banks with very sound ratings. Funds are FDIC insured up to $250,000.

We are currently using Customers Bank and TriState Bank because they have developed a program specifically designed to meet the Internal Revenue Regulations and provide the client safety measures outlined above. They provide specialized services for 1031 depositors including direct 1099’s, and you receive a monthly account statement.