Financial Profile Premium

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Confidently identifying the financial assets and liabilities within an estate is an increasingly challenging and complicated task, with an estimated £20 billion lying in unclaimed accounts. Searching paper statements is time-consuming and becoming more unreliable as financial services move on-line. The Financial Profile Premium is our recommended service for all Professional Personal Representatives, Deputies & Attorneys. Our search provides comprehensive and detailed due diligence to support an efficient fact-finding process, and help you quickly build a better understanding of your client’s financial affairs, in order to effectively manage or administer an estate

Our comprehensive search works by sourcing data and information from a variety of sources, demonstrating a clear audit trail of all reasonable steps undertaken including:

• Anti-Money Laundering: to confirm as Executor or Legal Representative you are not handling proceeds of crime
• Identity Trace: verification of personal details against public and private databases, and a search for previous names or addresses
• Liability Search: electronic check of digital credit data held by Experian sourced from over 600 organisations and delivered within 24 hours
• Financial Asset Search: we actively notify and search a comprehensive list of banks, building societies, investment managers, share registrars, pension providers and insurers
• Company Directorships: active and resigned directorships to identify private shares or pensions
• OPG Search: to identify previous Deputy or Attorney with access to accounts
• Unclaimed Asset Search: make enquiries of up to 40 additional pension and insurance providers to help locate forgotten accounts, policies and shareholdings

To help streamline your processes we also automatically enrol all subjects with the Vulnerability Registration Service to prevent fraud and financial abuse against the estate

• Protection for Executors from the risk and associated cost of missed assets or liabilities
• Demonstrable due diligence process of all enquiries undertaken
• Reduced administrative effort and greater efficiency in identifying assets and liabilities
• Repatriates missing or lost assets with vulnerable clients
• Helps prevent risk of fraud and financial abuse

All orders can be placed securely online through our dedicated portal offering access to a variety of searches and services. We aim to deliver the initial Credits & Liability Search within 24 hours. Our final Asset Search is delivered after 30 working days, during which time we will notify you of relevant asset matches received in real-time including copies of any relevant correspondence, reference numbers and contact details. We will continue to monitor inbound correspondence indefinitely.