Qualified Intermediary
FSC Exchange
FSC Exchange Services (Accruit) LLC · Parent: Accruit / Inspira Financial (published platform relationship)
- FEA membership
- FEA unknown
- CES® holders
- David Gorenberg, JD, CES®
- Fidelity bond
- $50 million fidelity bond (August 2025 firm brochure)
- E&O / other cover
- $25 million errors and omissions (August 2025 firm brochure)
- How funds are held
- Segregated
- Dual-signature wires
- Wire controls unknown
- Reverse / improvement / DST
- Reverse Yes · Improvement Yes · DST Unknown
- Last sourced
- 2026-09-05
Other published coverage
$15 million cyber liability (August 2025 firm brochure)
Fund handling
About page states independent, segregated fund management. Homepage says funds are held in regulated, insured accounts.
Who it is for
Investors and advisors using the New Jersey QI that publishes Accruit’s Exchange Manager Pro workflow. Forward, reverse, and improvement exchanges are listed services. David Gorenberg writes and speaks on DST/TIC replacement property; that is not treated here as a sourced DST-administration product page.
Verdict
FSC Exchange is a distinct legal entity from Accruit’s own listing, but it publishes Accruit technology and the same $50M / $25M / $15M insurance stack in an August 2025 brochure. Read it as an Accruit-powered QI, not a second set of bonds. Named CES® (David Gorenberg) and reverse/improvement service lines are on the live site. Company FEA Regular Membership is not stated — Gorenberg’s past FEA presidency and ‘3 past presidents / 4 board members’ on the team are people credentials. Confirm whether your file is actually underwritten on Accruit paper and who can release a wire.
Notes
FSC Exchange Services (Accruit) LLC is the legal name on the August 2025 brochure hosted on fscexchange.com. Published office: 3349A State Route 138, Allaire Corporate Center, Wall, NJ 07719. Contact listed: 732-749-7344 / info@fscexchange.com.
David Gorenberg, JD, CES®, is named President. The homepage says the team includes 5 attorneys, a CPA, and 5 Certified Exchange Specialists®; only Gorenberg is named on the pages cited, so other CES® names are omitted.
This is not a second Accruit listing. Accruit already has its own QI File. FSC is listed because it is a separately branded LLC that holds itself out as QI. Ask which legal entity is on the exchange agreement and whose insurance declarations apply to your file.
Gorenberg’s writing on DST and TIC replacement property is educational/speaking history. A DST interest is a securities offering; FSC’s published QI menu is forward, reverse, and improvement. See QI and DST.