BUSINESS MATTERS
7. Establish a trusted contact at your financial firm - As an added layer of protection to keep your accounts safe, many financial firms ask you to designate a trusted contact in case you can't be reached. This can be a friend or family member over 18 years old, who you trust and who is likely to know your current situation. If a financial firm suspects fraudulent or unusual activity on your account but can't reach you, your trusted contact can confirm things like your current contact information, health status and other parties on your account.
Your financial firm may not require you to name a trusted contact, but it's a good idea as a second line of defense. And be sure to update your trusted contacts regularly. Whether you're concerned for yourself or a loved one, share these tips and encourage everyone you know to protect themselves in the face of increasing financial fraud. Want more ideas on how to keep your accounts safe? Visit us at schwab.com/schwabsafe for how-to guides, added tips, and more. We're committed to your security.
The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.
"This can be a friend or family member over 18 years old, who you trust and who is likely to know your current situation. If a financial firm suspects fraudulent ...."