Qualified intermediary coordination
We work with the client's QI; we do not replace them.
The clock starts before the closing
A 1031 exchange is a timing and documentation exercise. We coordinate the banking side with a qualified intermediary so the proceeds and the deadlines stay visible.
1031 exchange
A clear service, delivered by bankers
River Gem does not act as the qualified intermediary and does not give tax or legal advice. We work alongside the client's QI and counsel, hold the exchange proceeds in the appropriate account and provide the statements the file needs.
Next step
Tell us what you need. A banker will reply within one business day with the right person, the documents we need and a clear timeline.
Talk to a relationship bankerA 1031 exchange involves tax and legal consequences. Consult a qualified intermediary and a tax adviser. River Gem does not provide tax or legal advice.
The service
What is available
Proceeds accounts
A clear deposit account for exchange funds, with statements that reconcile.
Deadline tracking
A documented calendar for the 45-day identification and 180-day exchange periods.
Wire execution
Domestic wires to the QI or closing agent, with callback verification.
Entity accounts
Accounts for LLCs, trusts and other ownership structures.
One banker
A single point of contact across the exchange and the banking relationship.
What the client owns
The exchange itself belongs to the taxpayer, the QI and the tax adviser. River Gem's role is to hold and move funds accurately, provide the records and stay available when a deadline is close.
What to bring
Bring the purchase and sale agreements, the QI engagement letter, the entity documents and the wire instructions. We will confirm the account structure before the first transfer.
Open an account
Your next pension day can be the first clear one.
Most personal applications take about eight minutes. You will get a decision, a routing number for DFAS and a named banker not a waiting list.
River Gem Bank is a California state-chartered bank. Deposits are FDIC insured up to $250,000 per depositor, per ownership category.