Pre-Escheatment Location (PEL)
We’ve partnered with UPRR, the nation’s leading unclaimed property recovery and reporting company, to offer the PEL program. For locating and reactivating dormant or lost accounts, this one-of-a-kind pre-escheatment service delivers remarkable results.
How remarkable? The industry average response rate for locating lost account holders is less than 5%. The PEL program averages 70%. And, because our program focuses on 100% of your shareholders, we achieve more account reactivation than anyone else in the industry.
Our pre-escheatment location service focuses on three groups:
- Shareholders who have not cashed dividend or capital gains checks
- Post-SEC customers
- Decedents, corporate, and invalid or no Social Security Number accounts
Decades of experience
Xerox brings 20 years’ experience in the mutual fund industry. UPRR brings more than two decades in location and escheatment. Our combined capabilities translate into superior results for you and your shareholders. Among the benefits you gain are:
- Out-performance – can identify up to five times more endangered shareholders than competitors, at less than one-third the cost
- Exceptional scalability – can handle very small to extremely large volume needs
- Risk assessment procedure – verifies account information that addresses compliance activities relative to U.S. Patriot Act and furthers your customer identification program (CIP)
- Proprietary decedent research – incorporates tens of millions of records from the Social Security Death Index
- Next-of-Kin Database – utilizes proprietary technology to identify responsible next-of-kin, including executors, relatives and heirs