The Nation's Premier Unclaimed Asset Location & Recovery Specialists

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Frequently Asked Questions: Partners & Affiliates

We often assist professionals in our own field and other specialties to successfully complete the asset recovery process. We work with a variety of professional firms, helping them achieve success in returning assets to individuals and organizations. The following list covers the questions most commonly asked, but we also encourage you to contact us with additional questions or to discuss any of these questions in greater detail.

Tell me more about Global Discoveries.
Who does Global Discoveries partner with?
Why do you offer a partner and affiliate program?
Who are your institutional clients?
What can Global Discoveries offer to help me increase my earnings as a locator?
How does your program work?
Does my firm have to execute any type of agreement with Global Discoveries?
What is the process and who is in charge of the claim process once I refer a claim to Global Discoveries Ltd?
How quickly do I get paid once I refer a claim to Global Discoveries?
Does Global Discoveries reciprocate by sending us business?
Do I get to work directly with the client that I have referred to you?
Can Global Discoveries locate the rightful recipient of unclaimed or lost assets or funds due a company that has been purchased, gone through a merger or name change, moved, closed or gone bankrupt?

Tell me more about Global Discoveries.

Global Discoveries was formed in 2000 and is currently registered in good standing with the Nevada and California Secretary of State Offices. The company originally started doing business in 1999 under the name California Asset Recovery, which was a division of a company formed in 1995 known as California Equity Management Group Inc, both wholly owned and operated by Global Discoveries CEO Andrew B. Katakis. Unfortunately, many clients contacted by California Asset Recovery believed it was a collection agency due to the ambiguous name. So, after enjoying many years of success, Mr. Katakis and his new partner transferred both the business model and assets of California Asset Recovery into what is now known as Global Discoveries. Mr. Katakis believed that it was best to create a new identity that better represented the company business profile, which focused exclusively on locating and recovering unclaimed or lost assets. The new name improved the company’s presence and eliminated the confusion associated with the previous name.

Since our inception in 2000, we have been a member in good standing of the Better Business Bureau. We are a BBB Accredited Business and have received the BBB Award of Excellence acknowledging our high quality of service year after year.

Most importantly, we have helped thousands of clients recover more than $25 million. We routinely work with some of the largest financial organizations in the country, including Wells Fargo, Bank of America, Washington Mutual and Chicago Title.

For additional information, please see:

Licenses, Affiliations & Certifications
Who We Serve
Testimonials Back to top Who does Global Discoveries partner with?

Global Discoveries has an attractive reciprocal referral program for qualified professional locators who wish to expand their business opportunities by joining our partner program. Over the past 10 years, we have forged relationships with some of the largest corporations and financial institutions in the United States, collecting millions of dollars on their behalf annually. We value and protect those relationships as well as our reputation in the industry and are very particular about who we select as partners and how we operate those affiliations to ensure we never put clients at risk. The most important criteria we look at include verifying potential partners do not have a criminal history, poor track record with the Better Business Bureau, or other background that indicate less than ethical standards. We also verify that any assets partners claim to have found are legitimate and that the beneficiary has been accurately identified.

We also work with foreclosure trustees, probate attorneys, financial institutions and other professionals who need to locate beneficiaries or heirs, or who need our expertise in handling a claims process.

Several reasons. First and foremost, it is in everyone’s best interests to recover unclaimed or lost assets, regardless of who locates them. Second, it took us many years to establish the track record and reputation that enable us to work with large corporations and financial institutions. We know from experience that building relationships with large institutions can be very difficult, if not impossible. We remember the frustration of having calls and letters to institutions go answered and how disheartening it was to locate a sizeable asset for an institution and then watch it go unclaimed for years or revert to the holder of the funds after a statutory deadline passed. Our partnerships provide a win-win for all—beneficiaries recover lost assets, partners gain success in their efforts and we expand our business base.

You will find a detailed list in the Who We Serve section of this Web site.

If you have located an asset and either cannot gain access to the beneficiary or find that the beneficiary is unwilling to work with you, you can refer it to us to complete. Our experience and reputation in the industry allows us to easily navigate through the corporate bureaucracy you may be encountering. By utilizing our established connections and impressive résumé of existing institutional clients, we can usually forge new relationships much easier than newer or smaller locator firms.

It’s simple. We interview and verify the background of every professional locator firm that wants to refer a claim to us. Once we both agree to move forward, we execute a referral agreement with you that spells out our terms and conditions. Our new partner/affiliate then discloses the source and location of the funds to us and we then search our database to make sure that we are not duplicating efforts. If a green light is given, we move forward with the recovery process.

Yes. We put everything in writing to make sure that there is consistency, transparency and clarity to each claim referred to us. Our referral agreement will outline the process and how and when you will be paid.

Back to top What is the process and who is in charge of the claim process once I refer a claim to Global Discoveries Ltd?

Once a claim is referred to us, we take it from there. We contact our existing client or the new client, obtain an executed contingency-fee agreement from them and then disclose the source of the funds to them. Our clients usually verify that they are not working on the same deal before we move on with the recovery process. Once we receive the go ahead, we work with our clients to obtain all the information and substantiating documentation to file their claim. We handle the process from beginning to end. Our contacts are private and confidential; therefore, we do not share this information with our partners and affiliates.

There are two options. You either wait to receive payment when the claim is complete and the client has recovered the asset, so that you get paid when we do. If you have been in the business for a while, you know that the time that it takes to be paid on a claim depends greatly based on client cooperation, the type and origin of unclaimed or lost assets discovered, who the holder of the unclaimed or lost assets is, and the unique circumstances surrounding the lost or unclaimed assets or funds. You also know that we are not paid until our clients recover their assets, so you can be certain we will do everything possible to expedite the claims process.

We also offer a Cash Express and Cash Advance program that can allow you to be paid all or part of the amount due you within five to seven business days. For more information on those programs, see the Need Cash Now? section on this Web site. Although that page was written for individuals and heirs waiting for claim or estate settlements, we can tailor a similar program for our partners and affiliates. Please call us to discuss this option further.

Yes, we do. Though we have an excellent track record, we are not able to complete every transaction and your firm may have an existing relationship with an institution not on our client list. Take the time to search our funds located database to see if we have located assets for one of your clients. If so, contact us to work out a reciprocal referral with your firm.

Unfortunately, no. Our clients prefer to only work with a few existing relationships and are adamant about keeping their contact information private and confidential.

Back to top Can Global Discoveries locate the rightful recipient of unclaimed or lost assets or funds due a company that has been purchased, gone through a merger or name change, moved, closed or gone bankrupt?

Yes to all of the above. We have built a substantial informational database that allows us to locate almost any successor in interest to a company that is no longer in business, has had a name change, or has merged with or been acquired by another company. In addition, we work closely with many U. S. bankruptcy trustees throughout the nation, collecting funds for the trustee, debtor or creditors named in the bankruptcy of a once successful business.

Frequently Asked Questions: Partners & Affiliates