How Clients Can Set Up Dual Factor Authentication at Schwab

In
 / 
by Brad Stark, Co-Founder
 / 
May 3, 2024
Schwab Dual Factor Authentication

Financial institutions across the world are seeing an uptick in cybercrime, and Mission Wealth needs your help in protecting your personal technology devices and financial accounts. This article is intended to assist our clients with specific instructions for better protecting their investment accounts with Schwab.

Setting Up Multi-Factor Authentication at Schwab

  1. Navigate to Your Profile Tab (upper right side) – Scroll to “Security Settings”
  2. Change Your Password – We recommend creating a long (15-20 characters) unique random password (i.e. something like this, but not this; 7O1^0y7gI9uusP5%RdP!).
  3. Turn On 2-Step Verification – (this is the Dual Authentication) – we recommend using the “Security Token” and “Always at Login” options.

    2 Step Verification

    1. You will need to download Symantec VIP on your phone from the App Store. Then follow the instructions on Schwab to link your phone VIP app to their systems. When you log into Schwab next time, it will ask for your Username and Password as usual but then you will be prompted to enter a passcode on the following screen. That passcode number can be found via the VIP app on your phone (click on the VIP icon on your phone for the number to enter with Schwab).

      Symantec VIP

  4. View all the Security Settings as well to see if anything else pertains.
  5. Congrats, you just made yourself a very difficult target for cyber criminals!

We’re Committed To Your Security 

Mission Wealth, along with our custodians Fidelity and Schwab, are committed to maintaining the integrity of our clients’ financial wellbeing. We understand that the digital aspect of financial security is increasingly critical. By staying informed and adopting robust cybersecurity practices, together we can navigate the complexities of the digital world, ensuring your wealth is not just managed wisely, but also protected robustly.

Other Resource Articles:

Navigating the 2024 Digital Terrain: Cybersecurity Tips to Protect Your Accounts

Cyber Scammers Continue to Target with Technology Advancements

How to Make Yourself a Difficult Target for Cyber Criminals

How to Reduce Your Cybersecurity Risk

As always, if you have any concerns about your financial security or need personalized advice, our team at Mission Wealth is here to help. Protecting your wealth is our top priority.

Contact us today for a free financial check-up or call (805) 882-2360.

 

Financial Guidance For Your Life Journey

Talk with a financial planner about your next steps.
Contact Us Today

Guidance For Your Full Financial Journey

Through our comprehensive platform and expertise, Mission Wealth can guide you through all of life's events, including retirement, investment planning, family planning, and more. You will face many financial decisions. Let us guide you through your options and create a plan.

Mission Wealth’s vision is to provide caring advice that empowers families to achieve their life dreams. Our founders were pioneers in the industry when they embraced the client-first principles of objective advice, comprehensive financial planning, coordination with other professional advisors, and proactive service. We are fiduciaries, and our holistic planning process provides clarity and confidence. For more information on Mission Wealth, please visit missionwealth.com.

To meet with a Mission Wealth financial advisor, contact us today at (805) 882-2360.

MISSION WEALTH IS A REGISTERED INVESTMENT ADVISOR. 00595947 05/24

Let's Keep in Touch!

Subscribe for exclusive content and timely tips to empower you on your financial journey. Our communications go straight into your inbox, so you'll never miss out on expert advice that can positively impact your life.
Holding a phone looking at newsletter

Recent Insights Articles

052825 Cybersecurity Blog Questions Everyone Should Ask Their Wealth Advisor

Protecting Wealth in a Digital World: One Question You Should Ask Your Advisor

June 3, 2025
Discover the one question every high-net-worth investor should ask to ensure their financial advisor is actively protecting against digital threats....
053025 Massachusetts Estate Tax Blog

How Do Massachusetts Estate Taxes Work — and How Can You Plan Around Them?

May 30, 2025
Learn how Massachusetts estate taxes work, what’s changed under the 2023 law, and what planning strategies can help protect your legacy....
2025 Best Place to Work PCBT

Mission Wealth Named #1 Best Place to Work on the Central Coast

May 29, 2025
Mission Wealth was named the #1 Best Place to Work on the Central Coast for its outstanding culture and employee-focused values....