Outsource search, keep the savings in house
EquiSearch has been providing turnkey lost account search and recovery services for 20 years. Whether you represent a bank, mutual fund, stock or bond issuer or another fiduciary, we can develop best practices based on your specific situation.
A compliance oriented approach
We have the systems and experienced staff to fulfill mandated SEC searches, perform state-required due diligence and prepare state filings for your organization. We’re SAS 70 Type II audited each year – so we have the controls in place to keep you compliant and safeguard the privacy of your account holders’ information.
Cost-effective search outsourcing
EquiSearch receives fees from asset owners we locate, not from corporate clients. So we can reduce costs for your organization in two ways. First, by allowing you to outsource the search process; second by reducing escheatment proceedings, and the administrative cost they entail.
Improved experience for your customers
Our Recovery Specialists are trained to respect the concerns of each individual they speak with. Our goal is to provide best-in-class service on behalf of your company. We do all the work required to locate the owner and prevent the asset from escheating to the state. EquiSearch does not receive fees from individuals unless we actually complete a recovery on their behalf.
EquiSearch institutional services
We help banks, stock and bond issuers and mutual funds to:
- Stay compliant with federal and state regulations, reducing the risk of costly audits, fines and penalties
- Reduce assets escheated to the states and reactivate lost and dormant accounts
- Update and improve accuracy of your master account holder database files
- Reduce administrative costs associated with lost accounts and escheatment
- Create account holder goodwill and positive word of mouth
- Avoid bad publicity and damage to your good name
- Eliminate opportunities for fraudulent activity