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1/25/21 4:00 PM

MarketSphere Names Unclaimed Property Expert David Phipps Senior Manager of Corporate Asset Recovery

by Valerie Heeney

people clappingUnclaimed property professional David Phipps joins MarketSphere Unclaimed Property Specialists as senior manager of corporate asset recovery, bringing with him over 20+ years of experience working on both sides of the table, and now focusing on reuniting corporations with unclaimed funds owed to them.

(Atlanta, GA – January 25, 2021) MarketSphere Unclaimed Property Specialists, providers of advanced unclaimed property solutions, welcomes David Phipps as the company’s new senior manager of corporate asset recovery solutions. Mr. Phipps’ experience in unclaimed property auditing and consulting provides him with the knowledge and expertise needed to help unclaimed property holders recover unclaimed funds effectively and efficiently.

“At MarketSphere, our team is passionate about delivering exceptional client service in all aspects of unclaimed property and we are excited to now have David as part of our team” said Jon D’Amato, MarketSphere Partner and Unclaimed Property Practice Leader. “David not only brings that similar passion, but with David’s 20+ years of experience working with state administrators as both an auditor and client advocate, he is well positioned to help our clients navigate the challenges of identifying and recovering unclaimed funds.”

Service and Results are a Top Priority

David’s background in unclaimed property consulting and audit defense management gives him a unique perspective and deep understanding of all facets of escheat compliance. This includes the knowledge of how and where to uncover funds owed to holders, which affords him with the ability to provide excellent service to clients in the asset recovery arena.

“So much of unclaimed property involves unpleasant surprises for our clients, ranging from learning about the complex multi-jurisdictional reporting requirements for the first time, to the dreaded audit notice. That’s what makes asset recovery such an exciting and dynamic part of the unclaimed property world” Phipps said. “Being able to inform a company about money owed to them that they may never have become aware of is a pleasure, and it’s what drives me every day to identify as much recoverable property for our clients as possible.”

Prior to joining MarketSphere, Mr. Phipps was a Director for one of the Big 4 accounting firms within their unclaimed property service line, leading teams to provide asset recovery, audit defense, voluntary disclosure agreements and annual compliance services to Fortune 500 companies. Additionally, David served as a Managing Director at Kelmar for over a decade overseeing general ledger unclaimed property examinations and compliance services. Mr. Phipps holds a Bachelor of Arts degree from the University of Massachusetts and is a CFE (Certified Fraud Examiner).

About MarketSphere Unclaimed Property Specialists

For over two decades, MarketSphere has partnered with companies of all sizes and industries to manage escheat and unclaimed property responsibilities. With an extensive depth of experience and a consultative, cost-effective approach, MarketSphere’s professional advisors evaluate client needs and specific conditions and plan innovative strategies to fit each company’s unique circumstances. The goal is to achieve statutory compliance, while saving time and money and reducing the negative impacts of unclaimed property upon businesses and their employees. Learn more at https://www.unclaimedpropertyspecialists.com.

Topics: Best Practices, Corporate Asset Recovery