Lost shareholders may pose a challenge to companies in two important ways:
- Many times a shareholder is not aware that he or she has lost shares, causing frustration and anger when they their assets have been turned over to the state as unclaimed property.
- Companies are legally responsible for performing due diligence to try and locate missing shareholders.
No one wins when a shareholder’s assets go unclaimed. The shareholder risks having legally owned property turned over to a state treasury, forfeiting any future revenue the security holdings may have generated. The issuing corporation faces the time-consuming and costly process of complying with state unclaimed property laws. This is why LINK Shareholder Service, LLC’s (LINK) lost shareholder search services play an invaluable role in helping locate shareholders and reunite them with their lost shares, creating a positive outcome for the shareholder and the company.
Lost shareholder planning begins long before our services are actually needed. When you enlist LINK for its asset recovery services, our professionals will work directly with your company to create a customized strategy to address your business’s needs with shareholder identification serving as an important component of the strategy. That way, we are ready should an issue arise.
Our experience and scope of resources have earned us recognition for being a leading lost shareholder service provider, and when you partner with us, you can expect fast results and meticulous recordkeeping. First, our access to multiple databases and tremendous research capabilities greatly expedite the search process. Once an individual is located, our first class mailing operation will generate timely, personalized correspondence. We track all correspondence sent to newly located shareholders and follow up until we receive a response. Plus, by carefully documenting our processes, we meet unclaimed property statutory requirements and provide a clear paper trail of all shareholder correspondence. Finally, our highly secure technology platform enables seamless transmission of this data to appropriate government agencies.
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