1031 Operations represents the tax deferred exchange support and processing network that we utilize to leverage the facilitation deliverables of Institutional 1031 for many of our alliance partners.
I got started in the 1031 exchange space in 1990 with a tax law firm in Oakland, California. That's where I learned about the exchanging process from a former IRS attorney.
In 2005, together with Stan Freeman and Mike Halloran, I co-Founded Nationwide Exchange Servives, or NES. We developed a proprietary processing platform to create some document generation efficiency, added a polished web presence courtesy via a world class PR firm, and integrated a brand new marketing approach known as Google Adwords, to become the industry leader in 1031 exchanging.
I left NES and began a new effort consulting for banks who were interested in utilizing Section 1031 to provide a new banking service while identifying high net worth clients and driving deposits through the creation of an inside of the bank Qualified Intermediary.
After a few lunches and some considerable due diligence, Dean Senner and I decided to create Fyntex in 2017, where we could start with a clean sheet of paper and build both the processing platform and the transacttional visibility and Exchanger experience that the exchange industry desparately needed.
The result is an end to end facilitation platform that provides unprecedented data security, Exchanger visibility, processing efficiencies, and a funds security regimen that is the safest in the industry. It took a while to build, but since then we've added some incredibly gifted personnel and based upon client feedback, Fyntex is definitely improving the Exchanger experience.
While still a major Fyntex shareholder, I left Fyntex in 2025 to start Institutional 1031 Corp. in an effort to create a streamlined, Influencer and Exchanger oriented network where 1031 exchange facilitation services can be delivered through other existing networks, relationships, and ecosystems. This is why depending upon whom you depend upon for real estate or investment services, the liklihood is ever increasing that those influencers have incorporated our Institutional or 1031 Operations capabilities and processing technologies as a direct delieverable for their own clients.