Qualified Intermediary

Exchangeable

Exchangeable, LLC · Parent: Independent / unpublished · Firm website

FEA membership: FEA unknown
CES® holders: Michael Velasco, CES®
Fidelity bond: Not published on cited pages
E&O / other cover: Not published on cited pages
How funds are held: Segregated
Dual-signature wires: Wire controls unknown
Reverse / improvement / DST: Reverse Yes · Improvement Yes · DST Unknown
Last sourced: 2026-09-11

Fund handling

Homepage: an isolated account opened with the firm’s fiduciary partner for the specific exchange; funds held with that fiduciary partner. Outgoing wires described as a proprietary process under multiple advanced security measures, marketed as more secure than industry standards. No published bank name, TIN title, or dual-signature control.

Fee structure

Homepage plan card: $1,195 standard (forward) exchange — replacement and relinquished property included; sell first, buy second. Reverse and improvement listed as ‘By Bid only’ / call for lowest bid. No published reverse or improvement dollar.

Who it is for

Nationwide standard, reverse, and improvement 1031 exchangers who want a published $1,195 forward fee. Principal and founder Michael Velasco, CES®, is the named Qualified Intermediary; homepage bio places him in Old Town Scottsdale. Phone (877) 385-0228; Michael@1031exchangeable.com. No street HQ on the page cited. Company FEA unpublished — Velasco’s bio says he is a proud FEA member (personal). DST work is not a published product line on the homepage.

Verdict

A small independent file with a named CES® principal, a published $1,195 standard-exchange fee, reverse/improvement by bid, and an isolated fiduciary-partner account sentence. That is enough to list. Bond dollars, E&O, the partner bank’s name, TIN title, and dual-signature wires are unpublished. Michael Velasco’s FEA membership is on his bio, not a sentence that Exchangeable, LLC is an FEA Regular Member. Outside counsel named on the homepage (FRB tax attorneys) are not QI staff. This is QI custody, not a securities offering. Ask who the fiduciary partner is, how the isolated account is titled, who can release a wire, and a written reverse/improvement bid before a large hold.

Notes

This is a QI custody file, not a securities offering. The homepage uses Exchangeable, LLC. Confirm that name on the exchange agreement.

Michael Velasco, CES®, is Principal and Founder and is named as the Qualified Intermediary. The bio says he is one of fewer than 100 Certified Exchange Specialist® holders in the country and “a proud member of the Federation of Exchange Accommodators.” That is personal membership language, so feaMember stays unknown.

Homepage “Your Options” and the plan cards list Standard, Reverse, and Improvement exchanges. Reverse and Improvement are priced only as bid.

A homepage blog teaser elsewhere on the site mentions DSTs as a generic passive option. That is not coded as published DST-as-QI work on this file.

Sources

Homepage — Exchangeable, LLC2026-09-11

Share a factual note

Prewritten LinkedIn text. No hype. No affiliate link.

Exchangeable, LLC (Exchangeable) has a custody file on The QI File — published facts only. No star rating. No paid placement.

FEA: FEA unknown. Funds: Segregated. Dual-sign: Wire controls unknown.

Unknown on that file means unpublished, not a grade.

https://www.theqifile.com/firms/exchangeable/

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Corrections and verification

Listings are sourced from public pages. Unknown is omitted, not graded. If a fact is wrong or stale, send the primary URL.