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In July 2020, global tax software provider, Sovos, acquired Keane’s unclaimed property consulting services and reporting technology. Keane has been an industry partner of Continental for many years to ensure compliance for our issuer clients.

Sovos Keane is the leading provider of unclaimed property communications, compliance and consulting services in the country. From customized communication programs and data analysis, to in-depth unclaimed property services, state unclaimed property reporting, escheat consulting and annual compliance reporting, Sovos Keane Unclaimed Property provides corporations, mutual funds, banks, brokerages, insurance companies and transfer agents with a breadth of services.

Sovos Keane helps clients reduce costs and protect shareholders while navigating the complexities of unclaimed property regulations.

Even before the pandemic, states increasingly viewed unclaimed property as a key revenue driver and audit target. States have been expanding the types of abandoned property subject to regulation beyond traditional cash assets. States are also reducing dormancy periods and leveraging third parties to conduct multi-state audits.

These and other changing obligations present challenges for businesses, particularly those operating and reporting in multiple states. The merger of these two well regarded companies further strengthens our partnered service solutions for our clients. Please note, Keane charges a fee for their asset recovery services. However, it is noted on their communication that the shareholder still has the option of contacting Continental without incurring further fees.

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