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What is Escheatment and Abandoned Property?
What is Escheatment and Abandoned Property?

Keywords: escheat, escheatment, abandoned, property letter, APEX

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Written by Stockpile Support
Updated over a week ago

Every state, and other jurisdictions, require the escheatment of certain assets based on specific criteria defined by their respective laws. We, along with APEX Clearing, will attempt to contact you if your account appears to have abandoned property prior to the escheatment of your account.

Why are accounts selected for escheatment?

Accounts are selected based on the lack of activity.  An account that did not have any activity in the state/jurisdiction’s specified timeframe is considered abandoned property. Activity in an account will include the following:

  • Purchase or sale of a security

  • Deposit or withdrawal of funds or securities

  • Address update

What do I do if I am notified of the abandoned property or how do I prevent this from happening?

Please log in to your account and verify your account information with the link below:

It is always a good idea to log in to your account regularly to check on your investments.  You may want to get into the practice of logging into your account on a regular basis and update any out-of-date information.  Did you move and need to update your address?  Did you change your employer?  Are you using a new bank account?

If you run into any trouble or have any additional questions please reach out to

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