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How Clients Can Set Up Dual Factor Authentication at Schwab
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.
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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 schedule a meeting with a Mission Wealth financial advisor, contact us today at (805) 882-2360.
Mission Wealth is a Registered Investment Advisor. This commentary reflects the personal opinions, viewpoints, and analyses of the Mission Wealth employees providing such comments. It should not be regarded as a description of advisory services provided by Mission Wealth or performance returns of any Mission Wealth client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data, or any recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Mission Wealth manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
MISSION WEALTH IS A REGISTERED INVESTMENT ADVISOR. 00595947 05/24
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