Employee Stock Recovery

Find and Recover your old Employee Stock Accounts and Other Unclaimed Financial Assets

WE HAVE A SIMPLE BUSINESS PLAN: WE ARE NEVER PAID ANYTHING IN ADVANCE. AT EMPLOYEE STOCK RECOVERY, WE EARN A SMALL COMMISSION ON THE AMOUNT YOU RECOVER AFTER YOU RECEIVE YOUR REFUND. ALL REFUNDS ARE SENT DIRECTLY TO YOU. (please read on.....)

When you were hired and signed all those forms in Human Resources, some of those documents related to additional compensation in the form of restricted stock units (RSUs), employee stock purchase plans (ESPPs) , or employee stock option/ownership plans (ESOPs). Or, perhaps you invested in the company because you believed in the long term outlook for growth. If we contacted you, we believe we have located such a stock account that belongs to you. It has likely been dormant for many years and is now sitting in a government held account.

We start by searching through the data from hundreds of agencies that hold unclaimed assets. We focus on assets with a value worth recovering and then cross-reference many different sources of information to try and locate the true owner. This is a global task and not very easy. Many people have common names, have changed their names, have relocated, have a limited social network presence, etc..

Also, companies that report unclaimed accounts have often misspelled the names and addresses of former employees. Most of the reporting companies are US based, and the old software that documented your account ownership was not able to handle characters from other alphabets.

Here are some examples:
German: umlauts (ä, ö, ü), ess-zett (ß)
French: Accented letters: â ç è é ê î ô û

There are MANY other examples of international letters, addresses, and phone numbers not matching the formats used in the US for data collection, and this is why many accounts become lost. Our experience with performing thousands of searches helps us locate YOU - the owner.

Many former employees of US firms were offered stock options or elective participation in an employee stock purchasing plan. (These are often referred to as ESPP or ESOP plans.) Others purchased stock directly from the company or a brokerage firm. US laws mandate after a period of "inactivity" - typically defined as 3 to 5 years without contact, a good faith effort to establish communication with the owner must be made. Traditionally, this is only a letter mailed to the last known address on file. If there is no reply, the asset must be sent to a repository for dormant accounts where it is held until a claim is submitted which substantiates ownership.

Most owners left the original company years ago and have personally relocated. Also, many former employees were not aware they were vested in any stock offering, Still others were aware of the original account but did not realize shares were left behind. Eventually those shares may have split and appreciated in value.

We are happy to assist anyone recover their old asset account. A large portion of our clients are non-US residents that worked for US firms, or had some sort of US based asset. (Company Stock and Brokerage Accounts, old Mutual Funds, Bank Accounts, Insurance Policies, Uncashed Checks and Payments, etc..)

Our process is simple - we work with you for a small commission of the final recovered amount. We never receive an advance payment or expenses. We are only paid after you confirm receipt of the refund from the agency holding your funds. If you receive nothing - we are paid nothing.

Perhaps you received a direct email from us, or a LinkedIn connection invite from one of our associates. You can reply via the contact page on this site and we will provide more details about the asset we have located, or the recovery process. We are here to help you and we hope to hear from you soon.

Thanks

Employee Stock Recovery Team

Locating

We request and research hundreds of databases of dormant employee stock accounts (and other assets) that have been closed by companies and their stock management companies. There are hundreds of repositories of closed accounts throughout the US and the world. Each provides very basic and limited information. We perform in-depth research for misspelled names, wrong addresses, new company names, and other anomalies that make finding your old account difficult. We start with the assets and then search for owners, and therefore find accounts that most owners did not know about.

Claiming

We work with you to navigate the claiming process in the quickest and most efficient way possible. We eliminate the guesswork. Each holding agency has different requirements for submitting claims and it is vital that your claim is accurate and complete. Agencies are very careful and require specific support before a claim is approved. This is to protect your asset(s) against a false claim being made. Hopefully, you have old documents that will link you to the original property. If not, we work with you to contact companies and government agencies to establish your links to the asset that was lost.

Recovering

After the submission of a complete and accurate claim, we will monitor the progress and provide periodic updates until your refund is received. Importantly - All refunds are sent directly to you. We will: 1) Ensure all forms are accurately completed. 2) Confirm all supporting information has been provided. 3) Track receipt of your claim by the approving agency. 4) Perform periodic follow-up and provide progress updates. 5) Send alerts when a claim is approved. 6) Verify payment has been initiated and received.

I thought I closed out that account years ago?

People are often surprised to find additional shares exist. There are many reasons: poor accounting, stock splits near the time of liquidation, miscalculation of the number of shares, etc.. Some knew of shares in existence but thought the value wasn't worth the effort to locate them, and yet others simply forgot about the shares.

What happens if my claim is denied or incomplete?

An incomplete claim will be denied and will reset the clock to get an approval. Therefore, we work together to get everything done correctly the first time. We will be in constant contact via emails, and if needed (or preferred) - phone calls, verifying all support is compiled and accurately filled out prior to submission. As we are not paid our commission until you receive your refund, we want all claims to be accurately filed so they can be approved and paid without any delays.

How did my old shares get "closed" without my approval?

US laws (which are designed to protect consumers) forbid any financial institution from perpetually benefiting from assets that sit in their possession when there is no communication or contact with the owners. After a period of typically 3 to 5 years, depending on the asset, these institutions are required to turn over the account to a government agency for "safekeeping."

How long will it take to get a refund of my account?

The times vary by jurisdiction. Though a few repositories of unclaimed accounts will issue a refund in under 3 months, the majority take a minimum of 6 months to review and approve a substantiated claim. Once approved, it may take another month for a cash account (Checking, Savings, Insurance payment) and an additional 2 to 4 months for a stock account.

Why must I send paper documents for approval? Can't I upload supporting documentation?

Some repositories do have web-based , document upload capability. Others, including some of the larger holders of unclaimed accounts, require claims to be filed by sending in documentation directly to the approving agency. In both cases, an official claim form will need to be requested, and often notarized prior to submission.

Do I need to provide you with any confidential information?

No. Many repositories will not allow a POA (Power of Attorney) to be used because of false claim concerns. Therefore, we will guide you through the claiming process to preserve the integrity and confidentiality of your tax-IDs, Social Security Numbers, ITINs (Individual Tax Identification Numbers) etc.. In the beginning, we may need your address and birth-date to get the official claim forms processed.

What about taxes after I receive my refund?

Most all unclaimed assets are returned in full without withholding any tax. Please consult with your accountant or tax attorney to determine your specific taxable situation.

Why should I start this process now?

We never rush any client. However, it is your money that is being held and it is not earning you any interest or benefit. The approval process can be lengthy so there is no incentive to delay your claim. Also, while many holding agencies will keep funds indefinitely, here is a quote from a repository's website posted in May of 2017: "Treasurer/Tax Collector: Approval of a resolution declaring unclaimed monies held in the County Treasury to be the property of the County and transferring said unclaimed amounts to the County General Fund." Therefore, there can be a need to file a timely claim before an asset is contributed to a "general fund."

What if my old account is co-owned ?

Some old assets were opened as joint accounts, most often with a spouse. You must each file a separate claim for 1/2 of the asset. If you are still together and share a current address, you can file your claims together using the same supporting documents. If you are no longer together, you will need to file separately.

What about a deceased relative's property? May I claim that?

Short answer "Probably, with a but." Long answer "Maybe, with an if."

It all comes down to the definition of heirs (Rules of Intestacy) in the jurisdiction of the property. Here are general guidelines:

A surviving spouse almost invariably receives at least half the decedent's estate. They may receive all if the decedent leaves no living children or grandchildren.
Spouses and children typically share the entire estate if all are living. If a child has predeceased the decedent, their children — the decedent's grandchildren — will typically inherit their parent's share. Otherwise, they may not be entitled to personally inherit if their parents are still living.
Parents and siblings are typically next in line, followed by aunts, uncles, nieces, nephews, and cousins. In some states, the decedent's parents may share the estate with the surviving spouse if he has no living descendants — children, grandchildren or great-grandchildren.

It was my bank account. I had it as an emergency. How could it have been closed?

Like a brokerage account, if there has been no contact between you and the financial institution, then after a period of 3 to 5 years the account would be closed. The funds will remain claimable, but it will take time (3 to 6 months depending where the account ended up) to substantiate your ownership and have your claim submitted, approved, and refunded.

Hi, just wanted to let you know that (finally) the cleared funds hit my account today. So, two things; 1)Thank you for your professionalism, patience and persistence 2)Please send me an invoice, and I'll pay you the fees owed ASAP. Thanks again, N.G.
N.G.
Vice President

TOP! I have received the payment on my bank account and ready to send you your % contribution. Thks & Kind Rgds O.S.
O.S.
Global Account Manager

I got the check today. Thanks, It was a welcome surprise for me. I appreciate your business model..... and your effort DT
D.T.
General Manager

Employee Stock Recovery (ESR) was great in the process of recovering unclaimed property for me. They located unclaimed assets held in the US I didn't know I owned. It was stock in a company I left many years ago. They located the assets, located me on LinkedIn then sent me a message in LinkedIn. At first, I was skeptical as is my nature. With a little work, they convinced me their message was legitimate and we proceeded from there. They followed the process with the agency and kept me abreast of progress at each step along the way. Within less than a month from the time ESR contacted me, I had the recovered cash in my bank account. And the recovery fee was very reasonable. So, if ESR contacts you with potential unrecovered funds in your name, follow up with them as soon as possible. It will be well worth your time. MJW
M.J.W.
OIL & ENERGY INDUSTRY

Done! 😁. Thanks again for your help. If you ever come across my name again, should they take any more of my shares, please let me know. Kind regards, M.M.
M.M.
Retired - Information Tech

Hi, I still can’t quite believe it, but I received the check today ! I can assure you I’ll send the commission the very second the check clears - it’s been very well deserved by you. Please use me as a reference for anyone else in the same situation- I’ll vouch for you 100%. I bet there’s a lot of people who have moved around and lost track as I did. Thank you, very much! K.S.
K.S.
Human Resources Manager

Fantastic ............ I am delighted it has finally reached you! Thank you very much for flagging this little windfall to me! Stay fit and well and best wishes for the future. M.Z.
M.Z.
PROGRAMME DIRECTOR

As I said no problem for the reco. Here it is. One day out of the blue I received an email from employee stock recovery. First reaction, scammer can even get to Linkedin account… But I was still curious that did not sounds like a scam. So I noticed that one of my contact was also in contact with them. So I called and he said that he also got contacted but did not really follow through.. So I decided to answer the email (PS I did not check the testimonial) and the answer was quick, complete and I could not find any trap. So decided to play the game.. And here I am a few weeks later with a few thousand of dollars added to my bank account for assets I did not even knew existed… So if you get a mail from Employee Stock Recovery.. go ahead will cost you little and the gain can be very good. Thanks it was a pleasure to do business with you. I hope this is not to much broken English 😊 Best regards JM R
JM R
Senior Consultant

"A member of Employee Stock Recovery (ESR) sent me a message regarding old employee stocks that I had owned and which had been closed without my knowledge. I was sceptical at first and approached this very cautiously! However searches that I made led me to the conclusion that this was legitimate. I started with a zoom meeting for reassurance. They advised me throughout the process, which was more complicated as I had moved out of the country many years ago, and had also had my last name changed. As I was unsure about passing on confidential identity information, I submitted the form and accompanying documents myself, fully guided by ESR throughout the entire process. With their help, the submission of the claim was perfect right away, without a single question being raised, and my claim was paid out much sooner than I had expected. I highly recommend their services, and am very pleased they got in touch!"
E.T.
Sr. Geophysicist

Los Angeles, California, United States

inquiry@employeestockrecovery.com

ACRONYMS:

ESPP - Employee Stock Purchase Plan

An employee stock purchase plan (ESPP) is a company-run program in which participating employees can purchase company stock at a discounted price. Employees contribute through payroll deductions which build up between the offering date and the purchase date. At the purchase date, the company uses the employee's accumulated funds to purchase company stock on behalf of the participating employees.

ESOP - Employee Stock Ownership/Options Plan

An employee stock ownership plan (ESOP) is an employee benefit plan giving workers ownership interest in the company. ESOPs give the sponsoring company, the selling shareholder, and participants various tax benefits, making them qualified plans. Companies often use ESOPs as a strategy to align the interests of their employees with those of their shareholders.

RSU - Restricted Stock Units

A restricted stock unit (RSU) is compensation issued by an employer to an employee in the form of company shares. Restricted Stock units are issued to an employee through a vesting plan and distribution schedule after reaching required performance milestones or upon remaining with their employer for a particular length of time. RSUs give an employee interest in company stock but they have no tangible value until vesting is complete. The restricted stock units are assigned a fair market value when they vest. Upon vesting, they are considered income, and a portion of the shares is withheld to pay income taxes. The employee receives the remaining shares with the ability to sell them at their discretion.

Employee Stock Recovery

SIMPLE BUSINESS PLAN

WHAT HAPPENED To MY OLD ACCOUNT?

How did you find me?

Unclaimed Asset OVERVIEW

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