Confidently identifying the assets and liabilities within an estate is an increasingly challenging and complicated task, with the Canadian Escheatment process revealing significant assets lying unclaimed following the death of the account holder. Searching paper statements is time-consuming and becoming more unreliable as financial services provision move on-line.
The Financial Profile Service provides the essential components to Professional Executors, in a robust due diligence process with a full audit trial. Our search provides comprehensive and detailed due diligence to support an efficient fact-finding process, helping 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;
- Asset Search: We actively notify and search wide range of banks, mutuals, investment managers, pension providers and insurers to help identify live, online, lost and dormant accounts. We currently notify more than 150 organisations for only $400.
- Vulnerability Registration: We are building a register of deceased individuals and are beginning to work with Canadian financial data providers to ensure that this data is available to be searched at credit decisioning to reduce the likelihood of fraud against deceased persons’ estates.
- Protection for Executors from the risk and associated cost of missing assets
- Demonstrable due diligence process of all enquiries undertaken
- Reduced administrative effort and greater efficiency in identifying assets
All orders can be placed securely online through our dedicated portal. offering access to a variety of searches and services. 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.
All our Asset searches benefit from $500,000 CAD Professional Indemnity Insurance cover as standard. There are no registration or subscription fees, so you only pay for what you need, when you need it.
