Regulation and Oversight

Midland welcomes the opportunity to answer any questions you may have about our company and the safety and security of your account with us. The existing organization was actually started in 1974 as an accounting firm on Sanibel Island and has developed into a mid-market company specializing in self-directed IRA administration and 1031 exchange facilitation.

Since 2002, the Midland IRA team has been dedicated to providing the highest level of service in the industry. Our regional offices are staffed with well-trained IRA professionals, many who have been awarded the designation of Certified IRA Services Professional (CISP) by the American Banking Association’s Institute of Certified Bankers.

Additionally, our 1031 team has been facilitating exchanges since 1997. We are a member of the Federation of Exchange Accommodators, and we are also a qualified intermediary with staff who are Certified Exchange Specialists® who can expertly facilitate 1031 exchanges.

Regulatory Oversight

Midland Trust Company is a publicly chartered trust company in the state of South Dakota (link to state website) and is committed to following and upholding the integrity of laws of the state. The company recognizes all current regulations and has developed good relationships with the governmental agencies and departments involved in oversight of the industry and charged with ensuring those under their jurisdiction comply with appropriate laws and regulations.

Client Cash

Undirected (uninvested) cash in Midland Trust is handled with security as the first priority. Midland offers two different options for client cash. Cash can be deposited in FDIC-insured banks providing insurance of up to the regulatory limit per account holder. All client undirected cash is reconciled daily and reviewed by Midland Trust. Please see Form 5305 for complete details.

Midland uses various national and state banks for all day-to-day cash transactions related to account holder requests. Transactions may include: accepting deposits and/or disbursing funds by check, ACH, or wire transfer. The main banking relationships include Stonegate Bank, MB Financial, and Sanibel Captiva Community Bank.

Alternative investments made into real estate, promissory notes, private equity, and other non-traditional investments are not insured against loss in value by the Federal Deposit Insurance Corporation (FDIC).