The QI File

Qualified Intermediary

IPE 1031

IPE 1031 · Parent: Bank Iowa (subsidiary) · Firm website

FEA membership
FEA member
CES® holders
David Brown, CES®; Katie Brown, CES®; Becky Petersen, CES®; Chet Mellema, 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
2026-09-13

Fund handling

Why Choose IPE 1031: exchange funds are held at Bank Iowa in segregated, non-pooled bank accounts; IPE 1031 does not have access to the funds; statements are sent directly from the bank. Custodial trust accounts are available. Dual-signature / QEA wire control is not on the pages cited.

Who it is for

Bank-owned Iowa QI for exchangers who want IPE 1031 — a Bank Iowa subsidiary — to hold proceeds at Bank Iowa in segregated, non-pooled accounts, with four named CES® holders on the Certified Exchange Specialists page. Public brand on every page fetched: IPE 1031. An Iowa Property Exchange, LLC suffix is not printed on the homepage, About, Why Choose, CES, or Privacy pages opened 2026-09-13; do not invent it. HQ on those pages: 6150 Village View Drive, Ste. 113, West Des Moines, IA 50266. Phones 515.279.1111 and 888.226.0400. Email info@IPE1031.com. Why Choose: delayed, reverse, and improvement exchanges handled in-house. DST is not on the pages cited.

Verdict

Bank-owned West Des Moines QI with a usable custody sentence: funds at Bank Iowa in segregated, non-pooled accounts, bank statements sent to the exchanger, plus a company FEA-member claim and four named CES® holders. Why Choose also publishes high-limit fidelity-bond and errors-and-omissions coverage, an independent CPA audit of company financial and exchange-account records, and examination of exchange activities by the Iowa Division of Banking — without dollar amounts. That is enough to list. Bond and E&O dollars, dual-signature wires, a fee card, DST, and an LLC suffix are not on the IPE pages opened. Ask for today’s certificates, the live account title, and who can release the wire before a large transfer.

Notes

This is a QI custody file, not a securities offering. The public brand on the homepage, About, Why Choose, CES, and Privacy pages is IPE 1031. An Iowa Property Exchange, LLC suffix is not printed on those pages (accessed 2026-09-13) and is not invented here. IPE 1031 is the intermediary that would hold exchange proceeds. A Delaware statutory trust is typically a securities offering sold by a sponsor and registered representatives — a different product. IPE pages opened for this file do not publish a DST desk.

About IPE 1031: “A subsidiary of Bank Iowa.” Why Choose IPE 1031: “IPE 1031 is a bank-owned qualified intermediary.” About also calls IPE 1031 “Iowa’s leading independent Qualified Intermediary.” Those sentences sit on the same site. The parent line is Bank Iowa. The word “independent” on About is the firm’s marketing, not a second corporate owner.

Why Choose: IPE 1031 is an active member in good standing of the Federation of Exchange Accommodators. About: IPE 1031 is an active member of the FEA. That is a company claim. Why Choose also says IPE 1031 team members have served as President of the FEA, on the Board of Directors for nine years, as Chair of the Ethics Committee, and currently serve on the Government Affairs Committee. Those are people roles. The pages do not name which person holds which office.

Certified Exchange Specialists page, still listed 2026-09-13: David Brown, CES®; Katie Brown, CES®; Becky Petersen, CES®; Chet Mellema, CES®.

Why Choose: exchange funds are held at Bank Iowa in segregated, non-pooled bank accounts; IPE 1031 does not have access to the funds; statements are sent directly from the bank. Custodial trust accounts are available. Dual-signature / QEA wire control is not on the pages cited. Same page: independently audited by a certified public accounting firm, including company financial records and exchange-account records; exchange activities examined by the Iowa Division of Banking. High-limit fidelity-bond coverage and errors-and-omissions insurance — dollar amounts are not published.

Why Choose: delayed, reverse, and improvement exchanges handled in-house. Homepage markets more than 20 years (since 2003), thousands of successful exchanges, and billions of dollars — firm volume claims, not a rating.

HQ on the Privacy page and site chrome: 6150 Village View Drive, Ste. 113, West Des Moines, IA 50266. Phones 515.279.1111 and 888.226.0400. Email info@IPE1031.com.

No public fee card, float sentence, DST desk, or state 1031-QI registration roster on the pages cited. Ask IPE 1031 for today’s bond and E&O certificates, the live Bank Iowa account title, whether a second signature is required to move funds, and who can release the wire — then read those papers, not this summary.

Sources

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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.

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