Custom Services for Attorneys & Brokers

Tailored escrow and IOLTA sub-account services for legal and real estate professionals

Key Benefits

Secure management of client funds with full regulatory compliance

IOLTA and sub-account services meeting New York State Bar requirements

Detailed monthly reconciliation and accounting reports

Compliance with real estate broker escrow regulations

Reduced liability and professional risk

Dedicated support for legal and real estate professionals

Typical Use Cases

Attorney client retainer accounts

Legal settlement fund holding

Real estate broker earnest money deposits

Attorney IOLTA account management

Litigation contingency fee escrow

Property management security deposits

Our Process

Account Setup & Compliance Review

We establish your escrow or IOLTA sub-account, ensuring full compliance with New York State Bar rules or real estate regulations applicable to your profession.

Client Fund Deposits

We receive client funds via wire transfer or check, provide immediate confirmation, and maintain detailed records of each deposit with client matter identification.

Fund Management & Segregation

Client funds are kept separate from operating accounts, with detailed sub-ledgers for each client matter. IOLTA accounts generate interest for the legal aid fund as required.

Monthly Reconciliation

We provide detailed monthly statements showing all deposits, disbursements, and current balances for each client matter, with three-way reconciliation.

Disbursement & Reporting

Upon your authorization, we disburse funds to appropriate parties and provide detailed documentation for your files and client billing.

Frequently Asked Questions

What is an IOLTA account and do I need one?

IOLTA (Interest on Lawyers Trust Account) is a pooled trust account where client funds that are nominal in amount or held for a short period generate interest for legal aid programs. New York attorneys must use IOLTA accounts for qualifying client funds.

How do you ensure compliance with bar regulations?

We maintain strict compliance with New York State Bar rules regarding client fund handling, including segregation, record-keeping, reporting, and prohibition on commingling. We provide all documentation needed for bar audits.

Can you handle escrow for real estate brokers?

Yes, we provide escrow services for real estate brokers holding earnest money deposits, ensuring compliance with New York Department of State regulations for broker escrow accounts.

Ready to Get Started?

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