Established in 1990, Asset Preservation, Inc. (API) is a recognized national leader in the Qualified Intermediary industry, having successfully completed over 130,000 IRC §1031 tax deferred exchanges.
Asset Preservation is committed to providing investors the highest levels of experience, expertise and security of funds in the industry – what we call The API Advantage™.
Every investor who selects Asset Preservation can be provided a written “Letter of Assurance” from our parent company, Stewart Information Services Corporation (NYSE: STC).
As a leading national qualified intermediary, Asset Preservation, Inc. (API) is committed to providing its exchange clients with unmatched customer service and the highest level of security available in the §1031 exchange industry. From the client’s first contact with an API representative, API’s professional exchange counselors, attorneys and accountants work together to meet the client’s service needs in order to ensure a smooth transaction with no surprises. In the background, API management maintains tight financial controls and multi-layered security systems necessary to provide a level of comfort and the quality of performance relied on by sophisticated investors and Corporate America; we call it the “The API Advantage™.”
Established in 1990, API has successfully facilitated over 130,000 tax deferred exchanges.
EXPERTISE
API’s Exchange Counselors, attorneys and accountants provide personal attention to each exchange.
API’s specialized Commercial Division staff handles complex exchange transactions where sophistication, speed and institutional flexibility are needed to get the job done.
API is a member in good standing of the Federation of Exchange Accommodators, the tax deferred exchange industry’s only national trade organization.
API’s staff is available for free consultation regarding all §1031 exchange matters.
API’s website includes the ability to initiate a tax deferred exchange 24/7.
SECURITY
API maintains a fidelity bond with coverage in the aggregate amount of $25,000,000 and has Errors & Omissions coverage in the amount of $2,000,000. API has implemented other protections for its clients that go beyond the typical protections offered by other qualified intermediaries.
API is a member of the Stewart Family of companies under the umbrella of Stewart Information Services Corporation. (Stewart), a NYSE publicly traded company (NYSE: STC). Stewart issues a Letter of Assurance (LOA) to each of API’s exchange clients upon request. Under the terms of this LOA, Stewart assures API’s performance of its obligations under its Exchange Agreement. The coverage provided by the LOA is not limited to a specific dollar amount like a bond or Errors & Omissions coverage. For more information regarding the Letter of Assurance, call 800-282-1031.
As a member of the Stewart family of companies, API is audited twice each year, once by Stewart’s internal audit group and a second time by Stewart’s outside auditor, KPMG. The internal and external audits involve complete audits of the books and policies and procedures of API.
A separate Exchange Account is established for each client. Exchange funds are not commingled with API’s operating accounts. The client may require a notarized signature for the movements of funds – a security feature that assures exchange funds are moved only at the direction of the client.
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