It’s estimated there’s $10 billion of lost or unclaimed assets in Australia, like shares, dividends, insurance, bank accounts and property, excluding superannuation. In the last financial year, Worthington Clark recovered $50 Million of these assets for families.
Founded in 1981, Worthington Clark is a professional asset research firm. Their mission is simple: ‘to reunite individuals and businesses with what is rightfully theirs’. Their unique data and research services assist individuals and businesses to locate and recover missing assets.
Coming under new management in 2023, Worthington Clark has expanded by;
- Establishing a system that now monitors $2.5 trillion in assets,
- Growing from $15m recovered assets in FY23, to $43m in FY24 to now over $50m in FY25,
- Resulting in an average return of $25,000 to Worthington Clark customers in FY25.
In many cases, customers had no idea they even owned the assets Worthington Clark had identified were legally theirs. There are many reasons an asset can become lost, forgotten or unclaimed such as death, divorce, change of address or corporate restructures.
Worthington Clark’s proprietary lost asset monitoring system finds unclaimed assets and contacts the rightful owners, simplifying a difficult and complex process. They distil extensive paperwork into a 15-minute process for customers, then recover the funds and provide payment within 2-6 weeks.
Worthington Clark operates on a success-based fee structure, meaning customers only pay when their assets are recovered. This ensures a risk-free process for those seeking to reclaim what is rightfully theirs. Worthington Clark’s Nandie Bryant commented on Australia’s missing billions;
“Our mission has always been to help individuals and businesses recover what is rightfully theirs. The amount of unclaimed assets in Australia is staggering, and our team is incredibly proud to have reunited hundreds of people with a combined $50 million last financial year.
“The current cost of living crisis has meant families have had to watch every dollar going in and out of the household budget. We find dollars these families were previously unaware of and are entitled to. To be able to deliver such a service provides our team with a lot of pride.
“Our growth is a direct reflection of the incredible need for this service, and our commitment to making a complex process simple and risk-free for our customers.”
Read the full article published on The Australian Financial Review: There are $10b in unclaimed assets in Australia. Could some be yours?
