Comparison · no crown · not tax or legal advice
API vs IPX1031
Asset Preservation, Inc. and Investment Property Exchange Services, Inc. are both listed Qualified Intermediaries. Ownership as published: Stewart Information Services Corporation vs Fidelity National Financial, Inc.. 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 fileIPX1031 fileView checklistCheck custody controls
Published facts, side by side
| Field | API | IPX1031 |
|---|---|---|
| Legal name | Asset Preservation, Inc. | Investment Property Exchange Services, Inc. |
| Ownership (as published) | Stewart Information Services Corporation (NYSE: STC) | Fidelity National Financial, Inc. (NYSE: FNF) |
| FEA | FEA member | FEA member |
| CES® | CES® on staff; names not published on cited pages | Teresa Fluegel, CES®; Ross Fong, CES®; James Callejas, CES®; Ron Ricard, CES® |
| 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 Current firm pages do not publish a commingled-vs-per-client breakdown beyond the operating-account split. | Segregated accounts for the named exchanger, using the exchanger’s taxpayer identification number. The firm says disbursements require written authorization from the exchanger and dual authorization controlled by a separate banking division; sales and administrative staff have no authority to transfer funds. |
| Dual-signature / who can wire | Wire controls unknown | Dual-signature |
| Fidelity / E&O (published) | Not published on cited pages | $100 million fidelity bond · $30 million errors and omissions insurance |
| Other published coverage | Not published on cited pages | $50 million third-party corporate performance guaranty |
| Reverse | Yes | Yes |
| Improvement | Yes | Yes |
| DST (QI administration, not an offering) | Yes | Yes |
| 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 | 2026-09-05 |
What stays unknown
API:dual-signature, fidelity bond dollars, E&O dollars, public fee card, who keeps interest
IPX1031:public fee card, who keeps interest
Unknown is omitted, not graded.Report missing infoif you have a primary URL we missed.
How to read this pair without a crown
IPX’s cited safety page is numeric: bond, guaranty, E&O, TIN title, and a banking division that sales staff cannot wire from. Those remain marketing disclosures until you have current declarations. API’s cited differentiator is a Stewart Letter of Assurance it says is not capped like a bond. That is a parent performance promise, not FDIC insurance, and not a substitute for the account title. Older third-party pages quote stale API bond numbers; those figures stay omitted because API’s live site no longer states them.
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 IPX1031. 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.
- Safety & Security for Exchangers — IPX1031
- Safety and Security for Exchangers (PDF) — IPX1031
- About IPX1031
- Teresa Fluegel, CES® — IPX1031
- Ross Fong, CES® and James Callejas, CES® — IPX1031
- Northern California team — IPX1031
- Fractional Investments & 1031 Exchange Strategies — IPX1031 (DST as replacement property)
More pairs:compare index. Compare these firms only on published custody facts.