SOURCE: Abandoned Property Services, LLC

May 01, 2008 12:00 ET

Well-Known Unclaimed Property Expert, Karen Anderson, Joins Abandoned Property Services, LLC

NEW YORK, NY--(Marketwire - May 1, 2008) - Abandoned Property Services, LLC, a leading unclaimed property advisor to businesses nationwide, today announced the addition to its staff of Karen L. Anderson, a well-known industry expert. Ms. Anderson is a frequent national speaker at major trade associations and industry forums, and has authored numerous unclaimed property articles and publications. Using her over 20 years of unclaimed property experience, Karen will assist APS clients in minimizing their unclaimed property liability and in identifying solutions for unclaimed property compliance issues. In addition, she will lead APS' effort to provide compliance education. Ms. Anderson will be based in APS' Indianapolis, Indiana office.

For the past twelve years, Ms. Anderson built and served the clients involved in the unclaimed property compliance program offered by a Fortune 500 company. In addition, she assisted in client services relating to securities unclaimed property compliance. Prior to her work at the Fortune 500 Company, Karen served for five years as the Illinois Unclaimed Property Administrator where she overhauled the unclaimed property intake, reporting and compliance systems and streamlined business reporting requirements. After leaving state service Karen served as the first Director of the National Association of Unclaimed Property Administrators.

Nationally recognized as an industry veteran, Ms. Anderson has written booklets on unclaimed property compliance for The Accounts Payable Network and the Credit Research Foundation and authored a chapter for the loose leaf binder published by A.S. Pratt & Sons in August 2007, entitled, the Corporate Treasury Management Manual. In addition, Ms. Anderson co-authored the Shareholder Services Association's unclaimed property e-learning module which was launched in March, 2008. Karen is the Secretary on the board of the Unclaimed Property Professionals Organization (UPPO), the co-chair of UPPO Member Services Committee, a member of the UPPO Bylaws committee, a member of the Securities Transfer Association Unclaimed Property Committee, and a co-chair of the Industry Subcommittee to the National Association of Unclaimed Property Administrators (NAUPA) Uniformity Committee. Karen holds a Juris Doctorate degree from Loyola University of Chicago School of Law and a Bachelor of Science degree in Political Science from Eastern Illinois University.

"Karen's wide-ranging knowledge of the complex state unclaimed property compliance requirements and her extensive experience working with businesses enhances APS' ability to provide value-added service and liability minimization to APS' clients. Her abilities will assist in the continued growth of APS' national unclaimed property practice," said Robert Griffin, APS Principal.

"I am pleased to join such an esteemed and respected organization as APS and to have the opportunity to work with its seasoned, dedicated staff," said Ms. Anderson. "As state unclaimed property audits are becoming more predominant, businesses must be proactive in preventing unclaimed liability and the stiff penalties for noncompliance. I look forward to assisting APS' clients and to contributing to the expansion of APS' unclaimed property practice."

About APS, LLC

Abandoned Property Services LLC is a leader in the provision of unclaimed property compliance services. With an emphasis on liability prevention, APS serves businesses in unclaimed property liability minimization through process and procedure review, state negotiation, voluntary disclosure agreements, audit defense and management, due diligence mailings, and annual compliance reporting. APS employs professional consultants that have experience working in the "Big 4" accounting firms and that have worked with businesses in all industries including insurance, banking, broker dealer, telecommunications, healthcare, mutual funds, transfer agents, and retail. APS' headquarters are located in New York, New York.

Contact Information


    Ms. Carla McGlynn
    Director of Advisory Services
    212-594-1034 ext. 227
    Email Contact