What's New: Security

Schwab Advisor Center® has digital tools and resources to help you onboard new relationships, support your clients, and scale your business. Below you can learn about the latest enhancements and resources, or explore recent updates by clicking on a topic.


Enjoy access to new content and upgrade your password and security questions

As part of the ongoing effort to strengthen our security protocols and provide a great experience when working with Schwab, over the coming weeks we will be introducing a new login experience for all users of Schwab Advisor Center. Enhancements focus on two areas:

  • Enhancing the login page with rich content designed specifically for advisors
  • Requiring all users to update their passwords and security questions

First we will be rolling out a new look and feel for the login page that includes the best of the rich content that’s currently available on advisorservices.schwab.com. This enhancement makes it easier than ever to find up-to-date information designed to help you serve clients and run your business—from the same page you use to log in and work with Schwab—so we encourage you to bookmark the new page as soon as you have access.

We are also requiring all users who have not updated their password and security questions since November 20, 2020, to do so before June 9. You can use the Forgot Password? link on the login page to complete this process in minutes. Those who haven’t yet done so will see a popup prompting them to set a new password and security questions before the deadline. After the deadline, users will not be able to access the site until they have made these updates.

May 2021 (0521-1N6V)

To reset your password and security questions, you can click the Forgot Password link on the login page. Or, after login, click the Welcome menu and select Password or Security Question to update your credentials.

Upgrade your account protection today

As part of our ongoing effort to enhance the security of Schwab Advisor Center, we are implementing additional requirements for users with permission to transact through the Trading and Move Money tabs.

Soon all users who have either of these tools will be required to use two-factor authentication every time they log in. This change in policy will help protect your firm and clients from unauthorized access to sensitive areas of the site.

Getting access takes just minutes:

  • Download the Verisign app from your device’s app marketplace.
  • Log in to Schwab Advisor Center.
  • Click the Welcome [your name] drop-down menu, select Authentication Device, and follow the simple instructions to activate your device.

If you can't use an app, your firm’s security administrator can order a onetime password token from Schwab.

Later this month, anyone with trading or move money access who does not currently use two-factor authentication will be prompted to activate it whenever they log into Schwab Advisor Center. Beginning June 21, these users will not be able to log in until they add two-factor authentication or remove their trading or move money permissions.

May 2021 (0521-1N6V)

To activate two-factor authentication, click the Welcome menu at the top of the screen and select Authentication Device. Download the Symantec VIP app from your device's store, open it, find the Credential ID and Security Code and enter them in the fields, then click Enroll.

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April 2021 (0421-1NKM)

All users must log in to continue data transfers

Beginning August 3, Schwab will be implementing security updates to Schwab Data Delivery® (SDD), the application that helps users download and manage their clients' data. As a result of these changes, all users will be required to reenter their Schwab Advisor Center® credentials to continue receiving their scheduled downloads. These updates are required to maintain Schwab's high security standards.

Note: No error message will be generated as a result of this update, but until users reenter their credentials, SDD will not transfer any data downloads.

To continue downloading data normally, follow these steps for each instance of SDD installed:

  • Close out of SDD, then restart the program. The update will download automatically.
  • Click "Install" in the popup window.
  • Reenter your Schwab Advisor Center download credentials (do not use a login token or app).
  • Once you're logged in, you can click "Download all new files" to ensure you have the latest versions of your data files.

This update requires you to enter the Schwab Advisor Center credentials for the account that uses SDD. We recommend that you contact your firm's security administrator, who can validate that the credentials are still active and can reactivate them or reset the password if necessary before you begin this process.

July 2020 (0720-066N)

Once you have restarted SDD and reentered your credentials, click “Download all new files” to ensure you have the latest versions of your data files.

For advisor use only. For general educational purposes.

Any investments reflected are for illustrative purposes only and are not intended to be nor should they be construed as a recommendation to buy, sell, or continue to hold any investment. Screen shots are for illustrative purposes only, may be historical in nature, and should not be used as a basis for any investment decision.

Schwab Advisor Services™ includes the custody, trading, and support services of Charles Schwab & Co., Inc. ("Schwab"), a registered broker-dealer and member SIPC, and the technology products and services of Performance Technologies, Inc. ("PTI"). PTI and Schwab are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent of each other. PTI’s integration solutions integrate data about accounts custodied at Schwab.

API integration is available through Schwab OpenView Gateway®, which is provided by PTI. Single sign-on is provided by PTI. Daily data files and trading integration are available through Schwab. Schwab OpenView Gateway® and Schwab OpenView MarketSquare™ are services of PTI.

References to third parties (whether such parties are vendors participating in a service of PTI or independent advisors using a service of a participating vendor) are not an endorsement or recommendation of, or an opinion (favorable or unfavorable), or advice about, or a referral to any product or service of any third party. Advisors are solely responsible for evaluating, selecting, and purchasing products and services offered by third party vendors. Unless indicated otherwise, third parties are independent and not affiliated with PTI or its affiliates.

Schwab Performance Technologies® ("SPT") provides technology solutions to independent investment advisors, while Schwab provides them and their clients with custody, trading, and related support services. SPT and Schwab are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent from each other.

Schwab Advisor Portfolio Connect™ is a product of SPT.

Institutional Intelligent Portfolios ("IIP") is a technology and service platform made available by SPT to independent advisors who maintain a business relationship with Schwab Advisor Services.

Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products, including the Schwab One® brokerage account, are offered by Charles Schwab & Co., Inc., Member SIPC. Deposit and lending products are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.

Schwab affiliates earn revenue from the underlying assets in Institutional Intelligent Portfolios® accounts. This revenue comes from managing Schwab ETFs™ or Schwab Funds® and providing services relating to certain third-party funds that can be selected for the portfolio, and from the cash feature on the accounts. Revenue may also be received from the market centers where ETF trade orders are routed for execution. Tax-loss harvesting is available for clients with invested assets of $50,000 or more in their Institutional Intelligent Portfolios account. Clients must be enrolled to receive this service. Cash balances held in the Sweep Program at Schwab Bank are eligible for FDIC insurance up to allowable limits per depositor, per account ownership category.