Corporate overview
NES Financial is an innovative provider of highly secure, compliant and transparent financial administration solutions for complex financial transactions, including multiparty escrows and trusts, and 1031 tax-deferred exchanges. Each year, we safely process tens of billions of dollars and have become the leader in financial administration solutions for the legal profession, banking industry, Fortune 500 companies and government agencies.
Protecting individuals, businesses, and government agencies from financial risk
Today’s rapidly changing economic environment, along with the growing complexity of financial products and services, has created more opportunity for the mismanagement of complex financial transactions and misuse of funds. More than ever, consumers require a greater degree of assurance, while financial institutions and government agencies seek to provide greater oversight and protection. NES Financial’s administration solutions are designed specifically to address these critically important needs by providing an unprecedented level of funds security, regulatory compliance and transactional transparency.
A first rate and first-of-its-kind financial administration platform
The company builds and powers its industry-leading financial administration solutions through its flexible and scalable eSTAC (TM) platform, which makes it easier to structure, implement and administrate the entire life cycle of complex multiparty accounts and similar financial transactions. Flexible, scalable and customizable, the eSTAC platform seamlessly integrates with existing systems and can be rapidly deployed without large upfront capital requirements. The eSTAC platform provides complete transactional transparency and audit trail capabilities through persistent document archiving, 24/7 real-time event recording, comprehensive reporting, and an online portal that enables administrators and end-users to view and manage their accounts anytime and from anywhere.
Fully compliant financial solutions
Within its business sector, NES Financial is the only entity to voluntarily submit to rigorous operating and audit criteria. The eSTAC platform and administrative services are audited annually for financial controls to ensure security of third-party assets and accuracy of financial reporting and transaction disclosures. As such, NES Financial’s processes and practices are in conformance with important regulatory statutes and tax codes, and the company has received annual SSAE 16 Type II certifications for the past six years, which is key to servicing clients that must comply with SOX Section 404.
Taking the lead in industry leadership
As an industry leader, NES Financial takes a proactive role in working with federal and state lawmakers and administrative agencies to implement systems and controls for complex financial transactions. These controls, developed by our team of in-house legal and financial experts, protect consumers against fraud and mismanagement.