Exchange Resources, Inc. (ERI) is one of the largest independent qualified intermediaries and engages in tax-deferred exchanges throughout the United States. The protection of our clients' funds is of the utmost importance as demostrated through the various safeguards ERI has established to secure its investors' funds.
Fidelity Bond ERI carries a Fidelity Bond that insures funds held by ERI in the amount of $1 million dollars. This coverage insures against a loss of an investor's money due to the wrongdoing of a qualified intermediary employee.
Errors & Omissions Insurance Policy ERI also carries a separate Errors and Omissions Insurance Policy in the amount of $250,000 dollars. This coverage insures against a loss due to errors and/or omissions related to professional services rendered in connection with the §1031 exchange transaction.
Separate Bank Account for Each Investor ERI provides a separate bank account for each investor and does not commingle an investor's exchange funds. All accounts are FDIC insured.
Fully FDIC insured Accounts An investor may request a Surety Bond for the investor's individual exchange account to insure against a loss which would exceed the amount covered by the FDIC.
We Provide the Maximum Safety of Funds in the Industry ERI is a proven leader in the §1031 exchange industry. Our reputation is unsurpassed due to our experience, client responsiveness and decidation to safeguarding our clients' funds.