How Asset Recovery Works
Unclaimed or “abandoned” property refers to property or accounts that the rightful owner has failed to receive or “claim” possession of. The property becomes “unclaimed” and must be turned over to the state by law after 1 year or more.
Because every U.S. state has different unclaimed/abandoned property laws, identifying and recovering these assets, and navigating different processes for each state, is a time intensive and difficult process to manage without our technology.
We will identify and recover your unclaimed property for you.
Examples of unclaimed or abandoned property include:
Checking & Savings Accounts
Life Insurance Policies
Insurance Payments & Refunds
Safety Deposit Box Contents
Our Asset Recovery Process
Don't waste time. We will recover your property for you. Consult our team of asset recovery experts who handle each step of the process, including:
Searching databases for unclaimed property
Confirming ownership of those assets
Completing applications for recovery
Filing applications to the appropriate entity
Tracking the progress of the recovery claim
Securing the refund check after the claim is approved
Get the Money You Deserve — It’s Yours
Most businesses are unaware there is money owed to them because there is no good way to search for it.
Gain visibility of all your unclaimed property, known and unknown, with the help of ProfitTrust. Our technology and team of asset recovery experts search all federal, state, and local databases in the U.S. to identify any property that belongs to you and recover it for you.
ProfitTrust customers enjoy our asset recovery solutions for several reasons.
|No Upfront Fees or Costs
|Fees Are a % of the Recovery — No Recoveries, No Fees
|Comprehensive Nationwide Search for Your Assets
|Full Recovery and Redemption Services
|Checks Sent Directly to You — All You Have to Do Is Deposit Them!
See How Much You’re Owed Using Our Asset Recovery Services
Submit this form to connect with our asset recovery specialists today. Schedule a free consultation to recover the money you’re owed.
See Real Savings From ProfitTrust Customers
All of our customers are saving money by reducing operating expenses in a variety of industries. Learn more by seeing real savings below:
GAS AND OIL DISTRIBUTION FIRM
Fees Before ProfitTrust = $279,873.81
The ProfitTrust Solution: Converted their business to a zero cost processing platform, without losing any customers.
Fees = $0
ELECTRICAL EQUIPMENT MANUFACTURER
Fees Before ProfitTrust = $217,483.00
The ProfitTrust Solution: Negotiated rates with a new merchant services provider and helped our client make that transition, reducing annual fees by $70,190.00.
Fees = $147,293.00
FOOD AND BEVERAGE DISTRIBUTION
Fees Before ProfitTrust = $143,983.00
The ProfitTrust Solution: Negotiated rates with our client’s current merchant services provider, reducing annual fees by $46,054.00.
Fees = $97,929.00
What Our Customers Say About Our Revenue Enhancement Services
ProfitTrust provides our customers with a risk free cost reduction process that helps them cut expenses in a variety of areas beyond asset recovery. See what they have to say about our other operating expense review and revenue enhancement services.
ProfiTrust’s auditing platform is a perfect fit for us and has made my life a lot easier. Gone are the days of wasted hours calling the carriers for our money…ProfiTrust handles everything from start to finish and the refunds are flowing, freeing us up to do more important things. Thanks PT!
I can’t recommend ProfiTrust enough! I was introduced to their shipping platform and I was amazed by the ease and more importantly the results. They’ve helped save my company thousands – I’m one happy customer.
The ProfiTrust experts took a look at my carrier contracts and found me over $20,000 in overspend a month. Simple, painless, and efficient. I only wished I let them look sooner!
Working with ProfiTrust has been extremely productive for our organization. It is like hiring a full time, top level employee, for free. They reduced our electric costs by over 25% in less than two months. Now, a year later, we have saved over $1,000,000.00 and counting. The best part is saving the money, but not having to worry about our utility spend because PT manages that. If a new opportunity presents, we know about it immediately and whether or not it’s the right play for us.
ProfiTrust has recovered over $35,000 in shipping costs in the short time they have serviced our account. In addition to the profitable audit, their robust reporting tools and top notch customer service, has helped us achieve greater understanding and visibility into our shipping profile. While using Profit Trusts reporting tools, we have been able to further reduce costs by making tweaks to our internal operations. I highly recommend this company!
Shipping is one of our biggest expenses and there wasn’t much we thought we could do about it. As a business owner, it was shocking to learn what we were overpaying and how much we could save by joining the ProfiTrust platform. We now save over $50,000 a month (and growing) which goes straight to our bottom line. Shipping went from a cost center to an incremental profit center without us having to actually do anything differently. We signed up and instantly started saving the next day.
The ProfiTrust shipping platform is passive, quick to set up and very effective. In the first 3 months of onboarding, they saved us almost $15,000.00 and they continue to save us money each week. Before we were auditing in house, then we made the switch to ProfiTrust so we could spend more time on customer day to day responsibilities. Since jumping on board our concerns and fears going in have all subsided and we are 100% glad we let them help us streamline this process.
ProfiTrust’s small parcel auditing platform is highly effective and totally passive. I can’t believe how much money they save us each week, thousands of dollars since we’ve onboarded. It’s a great safety net that I highly recommend.