NES Financial Selected as Preferred 1031 Exchange Accommodator and Opportunity Zone Fund Administrator to The Wealth Engineering Alliance

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Leading specialty fintech solutions provider will serve The Financial Engineering Institute’s network of over 2,200 wealth management firms

NES Financial
NES Financial’s national presence and expertise across a full range of specialty finance areas make them a natural fit for our team.

Leading Opportunity Zone Fund administrator and 1031 exchange accommodator NES Financial announced today that it has been selected as a preferred service provider to The Wealth Engineering Alliance (WEA), a division of The Financial Engineering Institute (FEI), and their client network of more than 2,200 wealth management firms.

This agreement secures NES Financial’s place on WEA’s Expert Sourcing Team — a collection of financial service providers deemed best in their respective fields, which together create “a synchronized hub for family and business wealth building.”

Nick Gregory founded the Financial Engineering Institute in 1982 as a centralized source for the delivery of financial services and products that was competitively priced, understandable and customized, provided by competent, honest and multi-faceted advisors. Today, FEI’s Wealth Engineering Alliance continues this mission.

“We are excited to add NES Financial to our Expert Sourcing Team,” said Gregory about the agreement. “Trusted third-party oversight, both in traditional investment and 1031 exchange services, is a necessity when it comes to wealth management due diligence. NES Financial’s national presence and expertise across a full range of specialty finance areas make them a natural fit for our team.”

As a financial service provider, NES Financial has helped define best practices in every market they’ve entered — from 1031 exchanges and EB-5 visas to private equity and the new Opportunity Zones program. Their mission is to help protect investors in complex financial marketplaces, where there is typically increased risk of fraud and abuse.

“As we saw years ago in 1031 exchanges, Opportunity Zones are now moving through a phase of rapid adoption, with lots of excitement, but also plenty of growth and maturation still to come,” said Jeff Drinkwater, VP of Business Development at NES Financial. “This is where our solutions, which provide security, transparency and compliance, can be so important to ensuring the success of both individual investments and the program as a whole.”

“Opportunity Zone investment is a new frontier for wealth managers,” added Reid Thomas, Executive VP and General Manager, “and the NES Financial brand is quickly emerging as a hallmark of OZ best practices.”

About NES Financial
NES Financial is a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back- and middle-office administration of complex financial transactions. Serving private equity, commercial real estate, and Fortune 1000 clientele, NES Financial offers industry-leading private equity fund administration, loan servicing, specialized EB-5 and Opportunity Zone Fund Administration, and 1031 tax-deferred exchange services. Their unwavering commitment to data security, operational redundancy, and compliance reporting is evidenced by 12 consecutive years of successful independent audits of their technology, processes, and financial controls. Today, NES Financial services over 190 funds, administers over $20B annually, and has worked with more than 700 EB-5 projects. For more information, visit nesfinancial.com.

About WEA
The Wealth Engineering Alliance (WEA), headquartered in Orlando, FL, serves over 2,200 wealth management firms, investment and insurance advisors, attorneys, and CPAs across the nation. The WEA helps these professionals harmonize the complex wealth of families and businesses through the organization’s WealthEnginering™ Process. WEA is also the governing body and grantor of the Chartered Wealth Engineer (ChWE) professional designation. For more information about The Wealth Engineering Alliance, visit thefei.com or call 407.878.3520.

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Laura Kelly
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