Investments

[alison43331]

Hi

Is there any way you can find out in which Banks/ Building Society you have invested your money?

A friend of mine has suffered a nervous Breakdown and in hospital. She is trying to keep her finances in order, but she has previously invested in a number of Banks. Since the Breakdown, she is becoming increasingly anxious because she cannot remember where she has invested her money

Any help/guidance would be much appreciated

[Tilly2]

Would a credit check help? I don't really know.

[woofgang]

Start by searching around the house for paperwork, also check emails and docs on computers. She will probably have saved passwords and pins somewhere either in a notebook or on the computer. The invested money must have come from somewhere and will probably have passed to the the investment bank from her main bank or building society so the transfers should show up on bank statements. I hope this helps. Pretty soon also she should be getting end of year statements either through the post or by email and that also should give you some leads. Does she have an accountant? If she has invested that much money, she will probably have had to declare if for tax purposes and may have some tax paperwork still.

[Old_Geezer]

Can only confirm I'd also echo woofie. I had a period when I could not find enthusiasm for much, including where my money was. A good turn over of the house and paper sort/file gave me the info I needed (fortunately I tend not to sling anything I'm not absolutely certain I don't need). Turns out some of my investments had gone bust :-( Which is strange as I read in the newspapers that if investors lose money they go to the courts to get the taxpayer to refund them. Didn't seem to happen in my case. But I digress. Should all be in the house filed as miscellaneous/to be sorted. Anything missing should be spotted when the tax "statement" arrives.

[Peter Pedant]

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just trying to think..... as a third party you are almost certainly to be rebuffed from the data protection point of view

I agree old geezer - you have to go thro the house fpr clues and wait for statements to drop thro the door....

remember also that memory is fallible and a lot of her 'money' that she 'is sure' is in XYZ has in fact been withdrawn which she has also forgotten and the account closed.... speaking from experience