“How to prevent from being scammed”

There are several ways for you to get scammed. 

You need to be alert to the fact that scams do exist.  Here are a few tips for you to consider. I would get to know the people you are dealing with.  You can check out the background of an investment manager through the Financial Industry Regulatory Authority’s (FINRA) Broker Check network  or through the SEC’s IAPD Program.  The Securities and Exchange Commission typically regulates investment advisers that manage more than $100 million in assets and the advisers below this threshold are regulated by the states.

I would make sure there is an outside financial firm as a custodian that will execute and settle your trades and provide client statements.  Never, I mean never wire money to a stranger.  Do not open or click on links from unsolicited email. Also, do not buy online unless the transaction is secure. You can avoid most scams if you are aware and protect yourself and your family.

Catherine Magaña is a CFP® or CERTIFIED FINANCIAL PLANNER ^TM and Managing Partner at Savvy Women Wealth Management in Carlsbad California.

If you would like to set up a free 30 minute financial assessment she can be reached at 760-692-5700, info@savvyup.com for private message or click on the following link to contact us directly https://savvyup.com/contact .

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