You are here
TEE-Shots Newsletter › Trust but verify: QI SAYS accounts are separate, BUT... › Trust but verify: QI SAYS accounts are separate, BUT...Trust but verify: QI SAYS accounts are separate, BUT...
My QI says my account is segregated. I'm safe, right?
Maybe.
But don’t be fooled: one QI assured his clients that their funds were in a ‘segregated account.’ When pressed, it was discovered what he meant was the company’s operating funds were kept separate, or ‘segregated,’ from all his clients' COMMINGLED FUNDS! That’s a difference without a distinction!
In 1031 Expert segregated accounts, your money is in it’s own separate account (with your own taxpayer ID attached to it). We here at The Experts have been telling the 1031 industry for years that this is always the safest practice. Unless your QI can SHOW you your separate account, like with a bank statement or with a password to see it online, your money is only as good as his word.
If you are a client of 1031 Exchange Experts, this option is available to you now. There is no additional charge--it is included with your service. Call us now to activate your 1031Access account.
If you are not one of our clients, call us to find out more about the safety and security of segregated 1031 accounts, at 866-694-0204.
--The Experts
Add new comment