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How Long Does A Financial Asset Search Take?


Asset search investigations come in many forms and for several reasons. When our firm is asked how long an asset investigation will take, we answer the question after we learned more about the clients specific needs and the person or, subjects lifestyle.


Clock on a wall with time being critical to asset search
Time Is Not On Your Side In an Asset Investigation


A financial asset search can take one week to 30 days. There are many factors to consider in order to ensure a timely result for any asset investigation. Timely results come from as much subject information as possible. Is this pre-divorce litigation? Is this for civil suits for perhaps the victim of a car accident who wants to sue the other party? The time it takes to conduct an asset investigation is also dependent on how specific the client needs the private investigator to be. As an example: Are they looking for all properties in the subjects name, or personal and business names? Do we truly know all the businesses of the subject, or could some be hidden by holding companies? By in large most asset searches can be completed within 30 days or less.


Introduction

In the world of financial investigations, asset search investigations stand as a crucial element that aids in uncovering the true financial standing of individuals or entities. Whether it is for litigation, debt recovery, or personal reasons, understanding the timeframe of an asset search investigation can provide a strategic edge. But, how long does an asset search investigation take? Let’s delve deeper into the intricacies involved in these investigations and discern the timeline involved.


Phase One: Planning and Preparation (1-2 Weeks)


Depending on what you need to know, where the person is located (country), and the background of ther person, it could take a week or two to gather all the relevant facts that are needed to conduct the investigation.


Understanding the Purpose

Firstly, establishing the core objective is paramount. Identifying why you need the investigation helps in tailoring a focused approach, thereby potentially speeding up the process. If you know you need only banking records for the State of Arkansas, then there is a beeline to getting that work completed within 7 days. However, if you are needing a full asset investigation, then please continue reading on.


Assembling a Competent Team

A team of experienced investigators forms the backbone of a successful asset search. Seasoned professionals bring speed and efficiency to the process.


Phase Two: Preliminary Investigation (5-7 days)


Background Check

This is the stage where investigators gather essential data on the individual or entity involved. It usually takes a few weeks to complete, depending on the complexity of the case.


Identifying Assets

Here, investigators initiate the groundwork to locate assets such as real estate, business interests, and personal property. It's a detailed process that requires meticulous attention to detail.


Phase Three: Deep Dive Investigation (2 Weeks)


Scrutinizing Financial Records

In this phase, every financial record is scrutinized, which can take up a substantial chunk of time, especially if there are numerous accounts and transactions involved.


On-Site Investigations

Sometimes, the investigation may require physical verification of assets. This approach, though time-consuming, ensures a more accurate assessment of the assets in question.


Phase Four: Report Compilation and Analysis (1 week)


Compiling the Findings

Once the asset search is nearing completion, the investigators start compiling the data meticulously into a comprehensive report.


Analysis and Interpretation

Analysts then take over to interpret the data, identifying patterns and correlations to present a detailed picture of the individual or entity’s financial standing.


Phase Five: Conclusion (1-2 Weeks)


Final Review

Before the final report is handed over, a final review is conducted to ensure all findings are accurate and verifiable, adding a layer of trustworthiness to the findings.


Presentation of the Report

Finally, the comprehensive report is presented to the client, with every detail uncovered during the investigation laid bare, providing a complete overview of the assets uncovered.


Example Is Based On In-Depth Asset Investigations


To answer the pressing question, "How long does an asset search investigation take?" we can conclude that it is largely variable depending on the complexity of the case, and the depth of the investigation required. However, a general timeframe spans anywhere from 1 to 4 weeks from the inception to the conclusion of the investigation. This timeline is based on a systematic progression through phases of planning, preliminary investigation, deep-dive investigation, and report compilation. Understanding this timeline not only aids in setting realistic expectations but also in carving out a strategic approach to asset search investigations, aligning efforts efficiently to uncover the truth with precision and diligence. It is always recommended to facilitate the process with a team of seasoned professionals, who bring expertise and a meticulous approach to ensure success in the asset search investigation.


Financial Asset Search - Start Now!


One of the most important things on an asset search is to start now, don’t wait until the last minute. More often, then not, litigators and private clients feel the need to start an asset investigation with a week or two left before a deposition or court date. This is not a good tactic and we likely cannot help you on a deep asset search with that type of time frame.

We can, however, recommend that should you need a comprehensive bank account or brokerage account search, that you get started now.


You Use Database Searches - “Why Can’t You Just Download Information?”


All of our investigations do use databases for research. For example, we don't use a database to search for bank accounts. We search for bank accounts via ledgers. Sure, we may find a property in someone's name via a data base, but it still needs corroboration. Our asset investigations take on many forms of collecting information, sifting the information, and understanding it's context.


Also, another point to consider is that should you need source material, not the fallible database information, then you cannot possibly have that wrapped up with a pretty little bow on top with a short time to get the investigation completed.