FOR IMMEDIATE RELEASE
1031 CORP. CELEBRATES 25 YEARS Of SERVICE
COLLEGEVILLE, PA, August 31, 2016– 1031 CORP. -This year, 1031 CORP. marks the 25th anniversary of offering our clients superior service in the 1031 Exchange industry. Founded in 1991, 1031 CORP. was created to fill a need for Qualified Intermediaries (QI) created by U.S. Treasury regulations released that same year. A QI is an independent party that facilitates tax-deferred exchanges of business use or investment assets under Internal Revenue Code section 1031.
Over the last quarter century, under the leadership of Margo McDonnell, CES®, President, 1031 CORP. has developed a niche for keeping the exchange process simple for our clients and their advisors and a strong commitment to educate investors, business owners and their professional advisors on the benefits of section 1031. Their “1031 Exchanges Made Easy” presentation has been presented monthly in seminars and now via webinars since 1995. Each year, the company presents dozens of 1031 seminars, workshops and continuing education classes as well as their “Wealth Building Webinar Series” designed to help participants build and preserve wealth.
The protection of client exchange funds is of the utmost importance and the Company offers a number of depository options as well as 24/7 access to view account activity on the financial institution’s website. Additionally, 1031 CORP. is licensed to provide QI services in the two states that require it and more than exceeds the requirements of all other QI state regulatory regimes.
Our experienced Exchange Officers, which includes Certified Exchange Specialists® (CES®), who are always available to guide their clients thru the exchange transaction, 24 hours a day/ 7 days a week. While the Company’s goal is to exceed the expectations of our clients and their advisors, our Exchange Team makes a personal commitment to providing a successful exchange and superior service that goes above and beyond for our clients.
“I have been with 1031 CORP. for 20 of the 25 years. The great part about our business is the ability to work with clients and advisors all over the United States. It was a learning experience on my part dealing with different areas of the country but most importantly, I enjoy being able to help taxpayers take advantage of the benefits of 1031 exchanges. Margo has a great work ethic and our 1031 CORP. “team” is more like family. I have enjoyed the years I have been with 1031 CORP. and look forward to the future with the company.” stated Sue Umstead, CES®, Senior Vice President.
“I am proud to be celebrating this milestone and the success the Company has enjoyed. I’m humbled by the confidence placed in us by our clients and their advisors. This is a testament to the exceptional team we have assembled and their strong commitment to providing extraordinary service. I am very excited about the next chapter for 1031 CORP. as we continue to expand our footprint and bring in more experienced exchange professionals while staying focused on providing the high level of service our clients have come to expect.“, stated Margo McDonnell who is also serving as the current president of the Federation of Exchange Accommodators (FEA), the national trade association for 1031 exchange practitioners. “Helping investors build and preserve wealth and business owners grow their businesses through section 1031 is very rewarding. The tax-deferral afforded under this section of the tax code opens many opportunities not just for taxpayers exchanging but ultimately for their surrounding communities, the folks employed through the transaction and the economy as whole.,” McDonnell added.
Based in Collegeville, Pennsylvania and with a branch office in Bend, Oregon as well as consultants in Media, Pennsylvania and Central Florida, 1031 CORP. provides services nationwide. Since 2011, the company has acquired the assets of Exchange Professionals, Inc., R.E.I. Consultants, Ltd. and 1031 Asset Exchange with all of their principals still serving as consultants or employees of 1031 CORP.
# # #