Why Accounts Are Lost
There are many reasons why accounts/assets become lost or dormant.
Our society is truly global. People move many times during their lifetime often internationally, so marriages, divorces, and deaths can occur anywhere in the world. Add to this the seemingly constant changing international corporate landscape through domestic and cross-border mergers and acquisitions and the result is that more and more accounts and shareholders are becoming disconnected with one another. Such accounts often require the specialized services and proprietary international experience and expertise of Global Shareholder Services™.
We can undertake and complete the necessary extraordinary efforts required to successfully resolve these types of cases. It is in the interests of both the individuals we seek and the holders of the unclaimed accounts, that they be reconnected with one another.
As our past clients and testimonials attest, Global Shareholder Services™ is your expert in Reconnecting, Respecting, and Protecting global shareholders.
Owners and Heirs
As a foreign owner or heir we understand the complexities and frustrations you face trying to locate and/or recover your asset(s) or reconnect with your account(s) that are held in another country.
You are faced with communication issues, unfamiliar documentation (not in your native language) and requirements that often as a foreign owner, are a struggle to understand and comply with. It is impossible for corporations to address the needs of every foreign owner, as each claim has a unique set of circumstances and criteria.
Global Shareholder Services™ can help. We understand the problems you face. Our experience, expertise and proprietary knowledge can assist you to resolve problems and dead ends, making the reconnection and recovery processes as efficient as possible by avoiding unnecessary errors or delays. Our work is undertaken with no risk to you.
Global Shareholder Services™ has proven time and again to be the best and most cost effective option for owners and heirs in need of assistance to recover assets. Our experience in resolving these more complicated international claims and our high level of personalized customer service are second to none. Every day, of every week we locate, reconnect, communicate, work with, resolve, recover assets, and reconnect with accounts on behalf of international owners/heirs and account holders worldwide. Our hands on service means we deal with each case on its own merits and work with you to succeed on your behalf.
It is an established fact that as a shareholder of a multinational corporation you are one of several thousand clients that they or their transfer agent/registrar must deal with daily. Our previous individual clients have benefited from working with us on their cases. Likewise we can resolve YOUR case so you can recover YOUR asset successfully.
FEES - We usually work by way of a contingency fee, and at no time will you be asked to pay any monies up front. Any fee will be mutually agreed prior our work commencing, so you will know the final cost of our services immediately. In the case of a contingency fee, our fee will be due only when we have firstly and successfully resolved the case for you, and it is usually paid from the monies we will have already recovered for you.
If we can be of service, you require assistance or have any questions please contact us today. The sooner you contact us the better it will be for the claim process as delays can cause complications and longer recovery periods.
It's YOUR account, we just want to help you recover it!
We appreciate lost shareholders, owners, and/or heirs are a burden: publicly traded corporations, insurance companies, brokerages, mutual funds, shareholder service providers, etc., must bear and deal with, they are simply part of doing business.
Despite completing the two mandated database searches (in accordance with US SEC rule 17Ad-17), as well as any additional in-house efforts you may have in place, we know from experience accounts will remain lost. These accounts represent escheat obligations, liabilities and reputational risk as well as, a loss of potential revenue and the burden of unnecessary costs.
If you have previously or should be escheating accounts in the future, you have options. Instead of losing these accounts to escheat you have nothing to lose, to the contrary you have shareholder accounts to retain, and liabilities and costs to reduce in having us make an effort to resolve them with and for you.
At the core of our services is our understanding of the need to treat your shareholders as you yourselves would and how we as individuals would want to be treated. At Global Shareholders™, we see our role as ambassadorial helping you, Reconnect and communicate with your lost shareholders, always with Respect, in order to Protect both you the Holder and your shareholders to reduce escheat, risks and costs for you ... Perfect!
Accounts with deceased owners, bad, outdated or incomplete addresses, and/or international owners are some examples of the types of cases we continue to resolve worldwide. Our work is a win-win for you and your client. As our testimonials and client feedback reflect time and again, Global Shareholder Services™ is the leading global shareholder reconnection service provider.
We provide a niche service to corporations who perhaps do not wish to open full access to a third party corporation or, who seek assistance on a special assignment(s) of accounts that remain unresolved. We provide a customized service tailored to enhance efforts you may already have in place which fit your team and your shareholders specific needs. Confidentiality and control over your shareholder accounts remain with you in-house, as we usually work only from a name and last known address (public information).
Reasons accounts remain stubbornly unresolved for you
As our society has become truly global, shareholders move, marry, divorce and die worldwide. Postal forwarding services are shorter and add to the mix, foreign names and addresses, language and cultural barriers, the lack of Freedom of Information Acts in most countries, and the task you face in locating, and communicating with lost owners/heirs to have them achieve a desired corporate action(s) is a daunting one. An individualized and customized case specific research effort is often required and that is what we at Global Shareholder Services™ specialize in worldwide. These types of accounts are more problematic and cost prohibitive for you to resolve yourselves. Despite this, the costs, liabilities and risks they represent remain a burden to you the Holder as long as these accounts remain 'lost' or 'missing'. In using Global Shareholder Services™ services, you retain control over all aspects of the work regarding your lost and/or missing international shareholders.
Mergers & Acquisitions
Mergers and acquisitions are another very real cause of shareholders and accounts becoming disconnected. Statistics show that approximately, 40-50% of shareholders exchange their shares very quickly and a significant percentage will follow shortly thereafter in the short to medium term. However, a significant 10-20% of the original shareholder base will remain unexhanged in the long term.
Global Shareholder Services™ has proven to be successful in targeting and resolving these problematic 10-20% of shareholder accounts that remain lost or missing. We can communicate and work to help you have the required and desired corporate action achieved if you wish. Oftentimes you face tight timeframes to work within and we can help you meet those deadlines.
It is well documented that unclaimed property is a significant source of revenue for US State governments. Any Holder of unclaimed accounts faces a very real risk of audits and potential fines and penalties for incorrectly or unreported unclaimed shareholder accounts. There have been many reports and newspaper articles attesting to the increasing aggressiveness of US States in their pursuit of unclaimed property.
In using our services, you will:
We have and continue to work with corporations, law firms, etc., to reunite holders with their lost account owners/heirs. The bottom line is we recognize that these are YOUR shareholder accounts, and you have both a corporate, regulatory and moral responsibility to Reconnect, Respect, Protect your lost shareholders and their accounts. Our work benefits you and your shareholders alike. We believe and trust you agree, your shareholders would prefer to hear directly from you than find their money is now held by a previously unknown entity, e.g. a US state unclaimed property office, as will be the case for those owners/heirs whose accounts remain unresolved and disconnected from you.
Global Shareholder Services™ is the Perfect solution to your lost shareholder account issues.
When someone dies intestate (i.e. without a last will and testament) in the US, a kinship hearing can be required in a US court. As most people die elderly, those family trees involving decedents who passed away without any close surviving blood relatives can require much genealogical work. At Global Shareholder Services™, we complete the necessary in-depth historical and genealogical research to complete a decedent's family tree to the court's satisfaction. We provide expert testimony in court and submit our findings and documentation via an attorney with whom we partner on kinship cases. Furthermore, we offer the most competitive fees in this industry.
If you are an alleged heir please understand the process is not simple or quick. A kinship case does not mean simply providing a death certificate for your deceased relative and your birth certificate and an explanation from you as to your knowledge of the family tree. Each person dead and alive who are part of the family tree from a common blood relative must be identified and accounted for to the courts' satisfaction.
An example of one of several kinship cases we have successfully completed involved research of someone who died in the US but involved research dating back to the 1850's and the marriage in the 1870's of the decedents' maternal and paternal grandparents in Ireland. We were able to successfully identify, locate and establish each family member from the grandparents forwards in a family tree spanning over 160+ years and covering in one case alone 21 aunts and uncles and even more first cousins. We were able to establish first cousins in the US, Ireland, UK, and South Africa, and the research even took us as far afield as Australia.
Our fee usually includes our research time and the legal cost of our legal partner, a credible attorney with experience in kinship cases. Kinship hearings are unusual so it is vitally important that you have competent genealogists and legal representation who are familiar with the specific and particular needs of kinship cases to make sure no errors are made, and to keep delays to a minimum and your case on track. You the alleged heir pay nothing upfront, as our and our partners' fees are paid once we have successfully proved your claim and will be paid by way of a percentage of the monies we will have helped you recover. You therefore have no risk in using our services.
We offer the most personalized service and the best value for money by way of the most competitive contingency fees. If you have been contacted by another company, have questions and/or are not sure how to proceed please contact us with no obligation to use our services.
Our former clients testimonials speak for themselves. The legal court kinship process is long and we always keep our clients up to date so you are not left for months at a time in the dark wondering what is going on. Let us help you, after all it's YOUR inheritance.
Estate Due Diligence
Even in cases where there is a last will and testament, should the beneficiaries not be related to the decedent and/or there be some issue with the will, a court can request that genealogical due diligence be completed to their satisfaction. In these cases we again identify and establish the closest living blood relatives who can then be officially notified their relative has died and has left a will. Our affidavit supported by our report and documents we have obtained are then submitted to the attorney working for the estate, the estate representative and the court. We have successfully completed numerous such estate due diligence cases for various established law firms on behalf of estate representatives.
Have we contacted you?
If you have been contacted by us, it is a result of case specific research. We are contacting you to alert you, (as the owner/heir) of action you need to take regarding an asset that is lost, unclaimed or disconnected from you.
If you are the person or heir we seek, you understandably may be puzzled by the term 'lost' but this is a term used by corporations who have lost contact with an owner/heir. You personally are not lost but when it comes to an asset/account that is understood by the holder to be disconnected from you for whatever reason, it is categorized as lost (see Why Accounts Are Lost).
We understand that you must be careful, especially given the fraudulent 'Nigerian' scams most people have heard of and the skepticism we share as a result of solicitation calls hawking various services. We further understand our work is very unusual. However, we assure you our work is legitimate and personalized, i.e. we are contacting you as a result of case specific research, where if you are the owner or heir we seek, it is in your interests and ultimately to your benefit that we are doing so.
Previous clients have told us of their disbelief, concern, and apprehension when we first contacted them and have said positively upon receiving the financial rewards from our work, "this is something you hear about that only happens to other people." We understand and appreciate your/their cautionary initial reaction it is only natural, but had our previous clients not replied to our communication efforts to reach out and reconnect with them, they likely would not have received, or reconnected with the unclaimed property we were contacting them about. Please take the time to review some of the testimonials from our clients (owners, heirs, corporations and law firms, etc.), which result from the successful, customized and beneficial work we completed on their behalves.
Why you should reply to us
We have made the effort to reach out to you and our work cannot be completed without your cooperation. In the event we are alerting you to something you believe you already know about kindly allow us to confirm the information as there could be more than one account/asset that needs your action. Again there is no obligation to use our service.
At Global Shareholder Services™ our goal is a successful recovery for you. Whether you use our services or not, it is important that you act after all this is YOUR asset(s).
Should you require our assistance we would be pleased to discuss your case further and mutually agree how to proceed and under what terms. We work the old fashioned way 'we earn our fee'.
Have you been contacted by another company?
If another company has contacted you regarding unclaimed assets, and you feel unhappy or apprehensive with their approach or their fee is too high, you may wish to contact us for information or assistance.
Our hands on personalized service, combined with our proprietary experience and cost effectiveness make us the best choice for you. We offer lower more competitive fees.
© 2019 Global Shareholder Services® All rights reserved
Global Shareholder Services®
Global Shareholder Services®