In the last several months, the financial news has been filled with reports about investors who have lost money at the hands of inept or dishonest qualified intermediaries. Given the recent news coverage and the importance of this issue to our clients, Madison Exchange reiterates its financial management and disclosure practices.

Madison Exchange—Security You Can Count On

Since its inception, Madison Exchange has kept pace with and followed the best practices in the financial industry regarding both the security of our clients’funds and full disclosure of all transactions. Specifically, Madison Exchange takes the following measures to safeguard the exchange funds entrusted to us:

  • We keep all exchange funds in banks regulated by the FDIC including the following national and regional banks—Citibank, Banco Popular, Amboy Bank, Northfork Bank, Liberty Point Bank and Park Avenue Bank.
  • We maintain exchange funds in fully liquid, segregated escrow accounts that are completely transparent to our clients, who can view their accounts and all transactions on those accounts online 24 / 7 as well as on monthly statements they receive from the bank
  • We require two signatures—the client’s and an exchange officer’s—for all withdrawals from client accounts.
  • We routinely have outside auditors review our financial records and business practices to make sure we comply with the best practices in the industry, including:
    • The latest IRS regulations
    • The Bank Secrecy Act
    • The Gramm-Leach Privacy Act
    • The USA Patriot Act
  • We carry a $50 million fidelity bond and Errors&Omissions insurance as additional protection for our clients
  • We have the added financial backing of Madison Commercial Real Estate Services™
  • Madison Exchange is an active member of the Federation of Exchange Accommodators (FEA), the only national trade organization in the industry

Madison Exchange—Reputation Built on Performance

Madison Exchange has an unblemished reputation for integrity and sound financial management. Led by a nationally-recognized§1031 expert, w e are known, not only for our up-to-the-minute knowledge of regulations and best practices , but also for our creativity—our unique ability to structure even the most complex transaction so that it qualifies as an exchange. But, perhaps more than anything else, Madison Exchange has come to the forefront of the industry because of our commitment to our clients—our willingness to go above and beyond the expected to deliver results.
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