Ahead of Financial Literacy Month, the Investment Industry Regulatory Organization of Canada is promoting its advisor check database and tool, which is called AdvisorReport.

This online tool helps investors research the professional backgrounds, qualifications and employment histories of advisors who work at IIROC-regulated firms.

Investors can also find out whether an advisor has ever been disciplined or has restrictions in place for breaking IIROC’s rules. Last year, nearly 40,000 searches were conducted using this online tool.

Also read:

No shelter in B.C. for banned advisors

Tips for choosing portfolio managers

How investors check your registration history