We have banking relationships with several banks and your exchange funds will be held in liquid FDIC-insured money market accounts. If you wish to receive FDIC protection for deposits greater than $250,000.00, you can direct us to deposit the funds with one of our banks belonging to the IntraFi network and obtain FDIC insurance coverage for the entire amount. The bank will charge a fee for that service and we will pass it through to you.
Strategic 1031 Exchange Advisors, LLC, a Georgia limited liability company, is a qualified intermediary for 1031 exchanges only. It is not an accounting firm, law firm or registered investment professional and therefore is not qualified to give accounting, tax, legal or investment advice, and, further, cannot act in an agency capacity on behalf of its clients. This website is for informational purposes only and does not and is not intended to constitute accounting, tax, legal or investment advice. We advise you to consult with your accountant, attorney and investment professional on all matters related to your exchange.