We can only conduct an asset search for an individual who has passed away. We will need authority from the estate administrator, executor or personal representative before the search can be conducted.
Our search is far more thorough than the services offered by some of our competitors and is specifically tailored to each individual case.
Most of the financial asset searches offered by other firms will either involve a simple check on Experian’s Unclaimed Assets Register (UAR) at a cost of £25 or will use the Landmark Financial Asset Search service at a cost of £135. Our service goes much further. We combine our many years of expertise with a methodical approach to look where many others don’t. In addition to electronic searches we also conduct manual investigations that cannot be automated. Our return rate speaks for itself and proves the effectiveness of our service.
Many firms will offer an asset search service at a cheaper price than that provided by Fraser and Fraser. The simple reason for this is that we always aim to go beyond what is simply due diligence and a tick box exercise to provide a service that offers the real possibility of finding unknown assets.
The asset holder has gone away or passed away.
Most of us have moved into a house and found that, for the first few months at least, we have received the former resident’s post. Even if they have signed up for the Royal Mail’s redirection service some things still slip through. Of course, being a good citizen, you send these on to the former owner or give them to the landlord. After a few months, though, it’s easy to begin to run out of patience and, instead of forwarding post, you simply write “return to sender” on the envelopes and hope for the best. By now the unwanted mail will mostly have stopped coming anyway, but perhaps occasionally a larger envelope turns up containing company accounts and statements informing the former resident of their share dividend. As months turn into years, you’re left wondering what to do for the best.
Such things happen because the share registrar must write to the last known address of the shareholder and, while sometimes the shareholding may have been forgotten because it is very small, on other occasions a substantial amount of money may be involved.
This is where Fraser and Fraser can help. We will endeavour to find the beneficiary and make them aware of the holding. If it is for a small amount we may simply inform the registrar / asset holder of the new address. If the holding is more substantial we will approach the beneficiary and, for a small administration fee, make them aware of the holding and assist with the sale or transfer of it.