Industrial News

Bill Bailey has been the President of Southern Financial Services for 35 years. He is also the President of 1031 Exchange Services, LLC, which is a wholly owned subsidiary of Southern Financial Services. A graduate from the University of Colorado with a degree in Business Administration, Bailey has been actively engaged in the Tax Planning, Estate Planning and Exchange Accommodation Industry for more than 3 decades. As a planning professional, he brings an extraordinary level of knowledge and experience to the clients of both companies and now to the FEA membership.

"The FEA is quite fortunate to have Bill available as a resource for 1031 Exchanges, ethics and best practice," said Hugh Pollard, CES®, FEA President. "His experience in teaching the intricacies of structuring 1031 Exchanges, implementing Tax Planning Strategies and in running small businesses will be invaluable to our members, especially in the Southeast part of the country."

Bailey is a member of the CES® Certification Council and the Southeastern Regional V.P. of the Federation of Exchange Accommodators (FEA). He serves on the CES® Ethics Committee, FEA Marketing Committee and The FEA Small Business Committee.

The Federation of Exchange Accommodators (FEA) is the national trade association organized to represent professionals who conduct like-kind exchanges under Internal Revenue Code §1031. Members include Qualified Intermediaries (QIs), their primary tax and legal counsel, and affiliated industries (TIC sponsors, banks, real estate brokers, title companies, settlement/escrow agents, etc.). Formed in 1989, the FEA offers multiple services and education to both the exchange industry and general public, encourages innovation in the industry, establishes ethical standards of conduct, and works toward the development of uniformity of practice and terminology within the exchange profession.