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.

Enhanced security requirements for all logins help keep your firm and clients safe

As part of our ongoing effort to protect your clients and firm, we are now requiring two-factor authentication for all Schwab Advisor Center users.

For years we have required two-factor authentication for users with access to trading, move money, and other sensitive areas of the site and have encouraged it for other Schwab Advisor Center users. Due to the evolving nature of security threats, we are making this safeguard mandatory to log into the site.

If you have not yet set up two-factor authentication for your account, click the Welcome menu at the top of the screen, choose Authentication Device, then follow the simple instructions. You can complete the process in just minutes.

To ensure that there are no interruptions to your firm's daily workflow, we ask that you encourage everyone to perform this update as soon as possible.

If your firm uses authentication devices other than the Symantec VIP app and you need additional devices for users who have not yet activated two-factor authentication, please contact your firm's security administrator, who can order more from Schwab.

November 2022 (1122-20T1)

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Get ready: Schwab's new insurance requirement

We're guessing you have insurance for your car, your home, and your health—but what about your business? Financial firms are appealing to fraudsters, and incidents aren't slowing down. Sure, you probably have a well-rounded cybersecurity plan in place (if you don't, why not?), but having the right insurance can be a powerful tool in your effort to protect your clients' assets.

That's why we implemented a new insurance policy requiring that all advisory firms that work with us carry an aggregate minimum of $1 million of insurance coverage to protect against errors and omissions, social engineering, theft by hackers, and, if applicable, theft by employees.

Over time we'll ask you to confirm that you have the required insurance (in fact, you may have already heard from us). If you already have coverage that meets the requirement, you can let us know now , and we'll take you off our list.

It's okay if you don't yet have insurance that meets the requirement, but we suggest that you get started now—it can take about 90 days to get the right coverage in place. We have some materials that can help on our insurance resource page.

April 2022 (0422-2URE)


August 2023 (0823-3897)

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.