Financial Adviser Checkup

For close to a dozen years, we had utilized the investment services of a company that catered to farmers. In 2008, we leathrned of some questionable practices that became very public through the media.  We did our due diligence before working with this company but never thought to continue checking up on them as the years went by.

Consumers should make it an annual habit to check the background of their financial advisers. To encourage that habit, the U.S. Commodity Futures Trading Commission launched SmartCheck Week, occurring April 6-12, 2015 during Financial Literacy Month. SmartCheck Week is an effort to encourage all consumers to check the background of their financial professional at least once a year.

Why should you check the background of your existing financial professionals? Because, a lot happens in a year. Much like you check the batteries in your smoke alarm on a regular basis, you need to ensure your existing financial professional is registered and has no disciplinary history. You may simply confirm that your financial professional is as solid and trustworthy as always. However, you may discover new information about his or her background that you’ll want to ask your financial professional about.

The U.S. Commodity Futures Trading Commission (CFTC) provides you with easy access to several tools to check the background of your financial professional at Visit today and confirm your financial professional is properly registered and incident free.  ~Brenda

Brenda Schmitt

Brenda Schmitt

A Iowa State University Extension and Outreach Family Finance Field Specialist helping North Central Iowans make the most of their money.

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