Financial Organisations
WHY HEIRTRACE?
- Cost effective
Reducing existing administration costs as well as future capital costs, in the case that the exercise is conducted in house.
- Thorough and efficient
No stone will be left unturned, Heirtrace take all steps within the confines of the law to resolve cases completely.
- No case is too complex
With wide ranging experience in very old and complex cases, we are confident that no case is too difficult for us.
- Capture new investment
Through the recycling of funds, the corporate client can build on their client base following a reunification exercise.
- Positive Viral effect
The reunification of assets changes lives for many beneficiaries, the ripple effect of this will encourage positive media coverage, viral positive word of mouth and reinforced customer perception of your brand.
The requirement for members of the Financial Services Industry to take more positive and active steps in tracing their “gone aways” is now generally accepted, and is high on the agenda for both the government and the media. Taking proactive steps, demonstrates a commitment to corporate governance and social responsibility, reinforcing customer perceptions of your brand.
Heirtrace can provide a definite resolution to these problems, at no cost to the corporate client. In the cases we have previously conducted, we have achieved success rates in excess of 85%. We do this, working always with integrity and within the framework of our code of practice.
Heirtrace have developed a specialised product specifically for the financial services sector. This comprises a number of components brought together to create an effective but cost efficient way to identify the owners of assets.
The situation faced is complex, with some owners being relatively simple to trace (using the right techniques) and others very complex, so the structured approach shown we take allows our client to determine its own priorities in deciding which category of contact should be sought with greatest urgency.
Where can we help?
- Insurance policies
- Dormant Bank Accounts
- Gone Away / Deceased Shareholders
- Pensions
- Dissentient registers
- Rights Issues
- Demutualisations
- Acquisitions
End-to-end management
We can offer an end-to-end service, so not only can we take on the proactive searching, but we could also interface directly with the beneficiaries, offering a help-line and online assistance as well as processing and verifying claims. Alleviating the corporate client of any need for investment in new systems and resources.
If you would like any further information or would like us to quote on a case in particular please contact us.
