Comparison · no crown · not tax or legal advice
API vs First American Exchange
Asset Preservation, Inc. and First American Exchange Company, LLC are both listed Qualified Intermediaries. Ownership as published: Stewart Information Services Corporation vs First American Title Insurance Company / First American Financial Corporation. This table is the two custody files side by side. It does not award a best QI, invent fees, or fill blanks. A Delaware Statutory Trust interest, if mentioned, is typically a securities offering — a listing here is a custody file.
API fileFirst American Exchange fileView checklistCheck custody controls
Published facts, side by side
| Field | API | First American Exchange |
|---|---|---|
| Legal name | Asset Preservation, Inc. | First American Exchange Company, LLC |
| Ownership (as published) | Stewart Information Services Corporation (NYSE: STC) | First American Title Insurance Company / First American Financial Corporation (NYSE: FAF) |
| FEA | FEA member | FEA member |
| CES® | CES® on staff; names not published on cited pages | CES® on staff; names not published on cited pages |
| How funds are held | Segregated | Segregated |
| Fund-handling note | API states exchange funds are not commingled with its operating accounts and that it offers non-commingled accounts plus multiple investment options. Current firm pages do not publish a commingled-vs-per-client breakdown beyond the operating-account split. | Exchange funds are held in segregated bank deposit accounts designated with the taxpayer’s name and tax identification number. Deposits are limited to FDIC-insured institutions with investment-grade ratings, or subsidiaries of investment-grade institutions. The firm says it does not invest exchange funds in securities. |
| Dual-signature / who can wire | Wire controls unknown | Wire controls unknown |
| Fidelity / E&O (published) | Not published on cited pages | Not published on cited pages |
| Other published coverage | Not published on cited pages | Firm states a multimillion-dollar fidelity bond and professional liability policy from an independent underwriter; specific limits are not published on the current site and are omitted here. |
| Reverse | Yes | Yes |
| Improvement | Yes | Yes |
| DST (QI administration, not an offering) | Yes | Unknown |
| Published fees | Not published on cited pages | Not published on cited pages |
| Who keeps interest | Not published on cited pages | Not published on cited pages |
| File last sourced | 2026-09-05 | 2026-09-04 |
What stays unknown
API:dual-signature, fidelity bond dollars, E&O dollars, public fee card, who keeps interest
First American Exchange:dual-signature, fidelity bond dollars, E&O dollars, DST administration, public fee card, who keeps interest
Unknown is omitted, not graded.Report missing infoif you have a primary URL we missed.
FAQ
Which of these QIs is better?
This page does not pick a winner. It places published custody fields from two QI File listings side by side. A thicker disclosure is not a grade, and an unpublished field is not a finding that the firm is unsafe.
Can I treat a parent logo or a bond number on this table as current coverage?
No. Parent is an ownership note. Insurance figures appear only when the firm’s cited page still prints them. Ask for current certificates. See how to read a listing and segregated vs dual-signature.
Where are the full source lists?
Open the two custody files: API and First American Exchange. Every figure on this page is copied from those files.
Sources
Copied from the two firm files. Open those pages for the dated URL list.
- Asset Preservation, Inc. homepage
- Security of Funds — Asset Preservation, Inc.
- The API Advantage™
- Stewart 1031 — Asset Preservation, Inc.
- Delaware Statutory Trust (DST) — Asset Preservation, Inc.
- First American Exchange Company homepage
- Why Choose Us — First American Exchange Company
- About Us — First American Exchange Company
More pairs:compare index. Compare these firms only on published custody facts.