About

Revenue Discovery Advisors LLC is a boutique advisory that researches,  identifies and manages retrieval of  "lost"  or unclaimed assets, specializing in  recovery of large blocks of publicly traded securities, assets/payments lost as a result of corporate M&A or dissolution activities, as well as assistance to non US residents with recovery of financial assets held by US State Controller/Treasurer offices. We also provide historical escheatment data analysis services to law firms and corporate holders to identify potential areas of excess or unnecessary escheatment.

Lost Securities Research and Recovery Services

There are significant amounts of publicly traded stock holdings that get remitted to various state controller/treasurer offices each year, after having been classified as "unclaimed". This process is legally known as "escheatment", which is theoretically the result of a period of "inability to contact" (or having mailings returned, etc.) for a period of 3-5 years depending on the state. The most common reasons are change of shareholder address (without notifications), death of the shareholder (with heirs unaware of the stock holding), elderly shareholder that has changed addresses and may not remember, foreign employees that return overseas, or merger/name/address change of a business entity that owned shares. There often are significant unclaimed dividends that get remitted to states as well, all of which are recoverable.

Revenue Discovery Advisors LLC has developed a practice area specializing in researching escheated shares of stock, focusing on situations where we can trace the asset to the rightful individual or corporate owner, or heirs of the rightful owner - where the original holder and state agency were previously unsuccessful. We help document entitlement and administer the claims process , which for securities can be complex. Our lost securities work is contingency based - we are only paid if there is a successful recovery of the shares or share sale proceeds (if sold by the state holding them). If we have reached out to you, it is because we have determined that there are unclaimed stock/dividends likely owed either to you, your company, or a deceased family member. We can provide documentation from the respective state agency that is holding the asset, as proof of its legitimacy.

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Overseas Shareholder Recovery Services

There are significant amount of non-US citizens, that were or still are employed by US companies, or lived or had invested assets in the US at one time, that have had shares of stock classified as “abandoned”. This is common when the employee leaves the company and/or moves back overseas without proper forwarding information. State Controller/Treasurer offices have have thousands of escheated stock holdings that fit this description, and they set the burden of proof very high on claims from overseas. We have successfully navigated the recovery process for amounts ranging from $200,000 to $1 million for clients in Asia, Europe, South America, and the Middle East.

Escheatment Data Analysis Services

We have developed a proprietary system to analyze select state controller/treasurer escheatment data for law firms, CPA firms, and corporate holders, to find areas/patterns of unnecessary escheatment, either for the purpose of seeking a refund from the State Controller/Treasurer holding the funds, or for implementation of improved practices going forward. Our focus is on retailer escheatments in categories that did not need to be escheated, B2B escheatmenst where exempted, as well as financial services escheatments owed to owners that were easily find-able. We are able to analyze escheatment history by holder to identify opportunties for retentian of assets, potential refunds, and process improvement. We partner the more legally complex cases with a well established National Law Firm.