Annual Compliance
Have you or your organization considered outsourcing this function to a capable, experienced professional service provider? It is a wise and cost-effective means of handling this annual compliance requirement.
Companies often seek relief from the administrative burden related to managing the escheat reporting process internally. Tracking the different reporting deadlines, dormancy periods, property types subject to escheat, reporting and due diligence thresholds, and determining the appropriate application of exemptions can be overwhelming. Our ability to completely manage this function allows our clients to redirect human resources away from this non-core function and toward greater value-add activities. We are dedicated to the practice of escheat compliance and provide a high degree of specialization. This specific expertise provides value to our clients in the form of accurate and timely reporting, and the reduction of total compliance costs.
We maintain a low cost structure due to our high degree of specialization, utilization of technology, and built-in economies of scale. Comparably, most of our clients incur vastly higher research, software, development, and human resource deployment expenses trying to manage this process internally. We can defray costs across a wide spectrum of clients – saving each of them money, time, and other important resources.
Our escheat management process includes the provision of reporting services in all of the United States and its territories (District of Columbia, Puerto Rico, U.S. Virgin Islands and Guam). We also provide services and consultation for escheat compliance in all Canadian provinces. Our professionals develop and manage the annual unclaimed property filing process on behalf of several companies (ranging from privately held enterprises to the Fortune 50, with most of our clients in the Fortune 1000).
