Comparison · no crown · not tax or legal advice
First American Exchange vs IPX1031
First American Exchange Company, LLC and Investment Property Exchange Services, Inc. are both listed Qualified Intermediaries. Ownership as published: First American Title Insurance Company / First American Financial 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.
First American Exchange fileIPX1031 fileView checklistCheck custody controls
Published facts, side by side
| Field | First American Exchange | IPX1031 |
|---|---|---|
| Legal name | First American Exchange Company, LLC | Investment Property Exchange Services, Inc. |
| Ownership (as published) | First American Title Insurance Company / First American Financial Corporation (NYSE: FAF) | 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 | 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. | 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 | 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. | $50 million third-party corporate performance guaranty |
| Reverse | Yes | Yes |
| Improvement | Yes | Yes |
| DST (QI administration, not an offering) | Unknown | 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 | 2026-09-04 | 2026-09-05 |
What stays unknown
First American Exchange:dual-signature, fidelity bond dollars, E&O dollars, DST administration, 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.
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: First American Exchange 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.
- First American Exchange Company homepage
- Why Choose Us — First American Exchange Company
- About Us — First American Exchange Company
- 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.