The Treasurer's Office

State Treasurer Roby Smith is sitting at the desk in his Capitol office. He is wearing a black suit and a light blue tie. He is wearing glasses. Behind him is a display case and the Iowa flag. Roby Smith was elected to serve as the 26th State Treasurer in November of 2022.

Born in Wyandotte, Michigan and raised in Saint Louis, Missouri, Treasurer Smith graduated from Concordia University in Nebraska where he met his wife, Kari. Smith graduated from Concordia in 2000 with a Bachelor of Science in Business Administration and a minor in Communication. Smith worked in the banking industry for almost 10 years until he was elected to the Iowa Senate, where he served three terms from 2011-2022.

A small business owner and entrepreneur, Treasurer Smith and his wife Kari have resided in Davenport with their four children, Noelle, Kyle, Adam and Natalie since 2000.

In Smith’s free time, he enjoys spending time with family, coaching his children in sports and teaching financial literacy through the Junior Achievement Program.

As Treasurer, he is the State’s banker and chief financial officer. He deposits and invests State funds, while also ensuring they are available when needed. Treasurer Smith serves as trustee and custodian of Iowa’s three State pension funds and invests billions of dollars in State operating funds.

Treasurer Smith is also responsible for administering various consumer programs to help individuals save for important expenses. ISave 529 and the IAdvisor 529 Plan help families save for future education expenses on a tax-advantaged basis. IAble, the state’s Achieving a Better Life Experience (ABLE) plan, helps individuals with disabilities and their support systems save for Qualified Disability Expenses while protecting their eligibility for SSI, Medicaid and other needs-based benefits.

Additionally, Treasurer Smith safeguards unclaimed property that has been turned over by financial institutions and businesses that have lost contact with the owner of the property. He works to locate and reunite past and present Iowans with these lost assets through the Great Iowa Treasure Hunt.

If you have any questions or need assistance, please email the Treasurer at Treasurer@tos.iowa.gov.

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Treasurer's Quarterly Newsletter