Duff & Phelps specialises in helping companies proactively manage all of their unclaimed property activities in the most efficient and cost-effective manner.
In today's environment, even the most sophisticated company is exposed to the risk of either under- or over-reporting its unclaimed property liability. Any inactive property not claimed within one to five years creates a responsibility for the "holder" company, which must remit the unclaimed property to the state.
By developing a series of tools to help companies gather, track and report unclaimed property of all types and across all industries, Duff & Phelps ensures that companies meet, but not exceed, their unclaimed property reporting requirements. One such tool, the Unclaimed Property Portal, is a robust online management tool that provides corporate holders with a real-time audit trail of each potentially reportable unclaimed property record.