Financial Profile Premium

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Confidently identifying the 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
• 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
• Experian UAR: Unclaimed Asset Register hosted by Experian holding 4.5million records, representation more than £10billion unclaimed asset

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.