Unclaimed Property and Escheatment FAQs

Escheatment refers to the mandatory process of turning custody of abandoned assets or accounts over to a state authority. The amount of time each state considers assets abandoned varies.
All states require financial firms to report and remit client accounts with undeliverable addresses or no sign of client activity after a state specified period of time.

While Ameriprise makes every effort to locate clients to remove them from the escheatment process, this can easily be avoided by keeping your accounts and personal information current. Regular contact with your financial advisor, logging into your account on ameriprise.com, calling our client service center, cashing checks in a timely manner, and settling all beneficial claims promptly, are the best ways to prevent your assets from being escheated.

Unclaimed property assets turned over to the state are held for their rightful owner to claim. Each state holds and uses the assets in accordance with their individual state statutes.
Escheatment is a process that may take several years, as determined by your last known state of residence and the state’s specific rules regarding escheatment.  
  • Your applicable state website 
  • SEC.gov 
  • Unclaimed.org

Contact information

For more information about Unclaimed Property, or escheatment:

  • Contact your financial advisor 
  • Call customer service at 800.862.7919