Brittani Schaefer: Ex-Arete Advisor Faces $100K Complaint

Creve Couer, Missouri financial advisor Brittani Schaefer (CRD# 6327801) recently received an investor complaint alleging six-figure damages. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Arete Wealth Management broker is registered as an investment advisor with RFG Advisory.

Ms. Schaefer’s BrokerCheck report discloses two investor complaints. The most recent, filed in September 2024, alleges that as a representative of Arete Wealth Management, she recommended an unsuitable alternative investment. The pending complaint alleges damages of $100,000.

An earlier investor complaint, filed in 2022, similarly alleged that as a representative of Arete Wealth, she recommended unsuitable alternative investments. The complaint evolved into an arbitration proceeding before a FINRA panel, which issued an award to the customer of $75,000.

RFG Advisory’s website includes a page describing the firm’s approach to working with its clients. “Our singular goal is to help you plan for and achieve your financial objectives and live the life you want,” it explains. “We’re as invested in your success as you are. So we put your needs first, always.”

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Brittani Schaefer holds 10 years of securities industry experience. Based in Creve Couer, Missouri, she has been registered as an investment advisor with RFG Advisory since April 2024. Her past registrations include Arete Wealth Management (St. Louis, Missouri; 2020-2024) and Edward Jones (Fenton, Missouri; 2014-2020). Her credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6TO; and the Uniform Combined State Law Examination, or Series 66. She is licensed in Missouri and Texas. (Information current as of September 29, 2024.)

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