1031 EXCHANGE AS

Many Qualified Intermediaries taut having multi-millions of dollars in Fidelity Bond insurance to protect client 1031 funds. What they are not disclosing is that, by definition, "A fidelity bond is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees." A fidelity bond does not insure losses caused by fraudulent acts by the owners of a business, nor does it protect against mismanaged or poor investments into non-principally preserved accounts or bankruptcy. Access to or control of client funds by employees is not permitted in our company and the controls we have implemented would prevent that from occurring. We do not have a parent company putting undo pressure on its employees to meet stockholder demands by taking investment risks with client funds. We are two business owners who enjoy helping people save taxes..

Also known as: 1031 Exchange Specialists, Inc.

Primary location: Ocean City United States