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
- Navigate to Your Profile Tab (upper right side) – Scroll to “Security Settings”
- 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!).
- Turn On 2-Step Verification – (this is the Dual Authentication) – we recommend using the “Security Token” and “Always at Login” options.
- 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).
- 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).
- View all the Security Settings as well to see if anything else pertains.
- 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.
Recent Insights Articles
Market Update for 6/18/25
June 18, 2025The Fed held rates steady in June 2025 and reaffirmed its outlook for two cuts this year, signaling a higher-for-longer environment as inflation and uncertainty persist....
Mission Wealth Celebrates Inc.’s 2025 Best Workplaces Recognition
June 17, 2025Mission Wealth named on Inc.’s 2025 Best Workplaces list, recognizing our commitment to a people-first culture and exceptional workplace practices....
Should I Donate My Car to Charity for a Tax Deduction? Here’s What You Need to Know
June 5, 2025Learn how to donate your car to charity the right way and how to ensure it qualifies for a tax deduction as part of your broader charitable strategy....