Under the law, corporations, banks, insurance companies, brokerages and other businesses in New York are required to transfer abandoned money or securities to the state comptroller's Office of Unclaimed Funds under a process called escheatment (a word with origins in English feudal law). (syracuse.com)
A trusted financial advisor can help ensure that your dividends are put to the best possible use, give you guidance regarding which investments are best suited to your individual goals and help you avoid common investment pitfalls, such as escheatment and improper asset allocation. (investopedia.com)
These fees cover costs for delivering client statements, confirmations, tax forms, prospectuses, proxies and other shareholder related back office processes such as recordkeeping, escheatment, and call - center support. (usbank.com)