
1031 Exchange Security
As popularity in the exchange industry has grown, the industry, has recently seen flagrant instances of fraud, theft, and illegal handling of exchange funds by some firms which have disregarded their fiduciary duty as a Qualified Intermediary. These unscrupulous business practices have made it absolutely necessary to implement multiple layers of security throughout the exchange process.
Strategic 1031 Exchange Advisors is on the cutting edge of technology as we provide our clients with the highest protection and security for their funds. While trust is something all individuals should have, our company has sought to go to a level beyond and remove the need for trust altogether. Funds cannot be transferred unless authorized by both the client and us. To ensure this, we have developed the SEA (Strategic Exchange Account) key, which looks like a small electronic memory stick which actually contains a code which changes every 30 seconds. The SEA Key, coupled with our Internet safeguards, provides a unique level of security and allows all parties to feel comfortable knowing that funds are safeguarded. In addition we offer our clients the ability to view detailed, accurate account information such as current balance and interest earned, in real time.
INDUSTRY UPDATE: SEA Continues to Safeguard Client’s Funds in Today’s Economic Climate

