(The following is an excerpt from our 1031 Advisor newsletter located here )
The Problem: The recent credit crisis has uncovered several issues of confidence or trust, which were either not generally known or discussed in choosing an Exchange Company.
Good business practice requires the Exchange Companies to act at all times for the sole benefit and interests of their Exchange Clients. In other words, Exchange Companies must not put their personal interests before their duty, and must not profit from their position as fiduciaries.
First: Exchange Client Funds: Protected by FDIC limit?
Second: Exchange Client Funds: Protected from additional risks?
Third: Exchange Client Funds: Liquidity?
Fourth: Exchange Client Funds: Investment Risk?
