miles monroe wrote: ↑
Tue Mar 27, 2018 2:13 pm
dave1054 wrote: ↑
Tue Mar 27, 2018 11:15 am
I really do love Vanguard. They do not have to worry about their stock price like Schwab or enrich
their owners like Fidelity. However, ....
2. With all my assets in cyberspace, does anyone else on forum have concerns about security?
3. Is anyone switching out of Vanguard or is this the usual common complaints of investors?
i've written this elsewhere, but since the question is specifically asked..
here is schwabs fraud guarantee:
Schwab will cover 100% of any losses in any of your Schwab accounts due to unauthorized activity.
now go and read vanguards...
i haven't transferred the 70% of my portfolio that is at vanguard yet -- but i'm close.
I took you up on your offer.
It looks pretty identical to Vanguards.
Schwab's fine print:
To ensure your protection under this guarantee, it is your responsibility to:
Safeguard your account access information.1 If you share this information with anyone, we’ll consider their activities to have been authorized by you.
Report any unauthorized transactions to us as quickly as possible.2 If you suspect you are a victim of fraud, please contact us immediately at 888-3-SCHWAB.
1. "Account access information" includes your login ID, password, or any other information used by Schwab to authenticate you; as well as payment devices such as credit cards, debit cards and checks. We may hold you responsible if we determine that you shared this information, or unauthorized activity was caused by your fraudulent conduct or gross negligence.
2. Reimbursement under the guarantee requires your timely reporting of unauthorized activity to Schwab. Schwab will not be liable for additional or increased losses resulting from a failure to report unauthorized activity in a timely manner. Different transactions have different reporting deadlines. More details are available in your account agreements, statements and trade confirmations.
3. “Authorized” refers to transactions and other activity initiated by third parties (who are not Schwab employees or Schwab companies), including the employees or agents of any business or any investment advisor to whom you have granted authority of any type over your account, including, for example, the authority to manage your account, or the authority to act under any other power of attorney you may have granted. Authorized actions also include activity initiated by your employer, your plan trustee (other than Schwab Bank), your third party plan administrator (other than Schwab Retirement Plan Services, Inc. or Schwab Retirement Plan Services Company) and their employees, representatives or agents that have access to your Employee Benefit Plan Account. Schwab will also not be liable for the failure of those third parties to safeguard your information or access to your account.
At a minimum, in order for this protection to apply, you must take the following steps:
Review your accounts regularly.
Check your account frequently. Promptly and completely review all information we send you.
Report any errors or discrepancies in your account and any suspected unauthorized transactions or account changes to Vanguard immediately.
Protect your Vanguard.com user name, password, and other account-related information.
Make sure your user name, password, and answers to your security questions are unique and strong.
Never share your user name, password, or other account-related information with anyone.
Never store your user name, password, or answers to security questions in your browser.
Clear any temporarily stored copies of online information by closing your browser after signing off. Do not leave your computer unattended while logged on to Vanguard.com.
Protect your computer.
Make certain that any computer you use to access Vanguard.com has up-to-date security and anti-spyware, antivirus, and firewall software.
Do not reply to e-mail requests for personal or financial information.
Do not respond to, open an attachment in, or click on a link within an e-mail if you suspect the message is fraudulent. Vanguard will not ask for personal information such as your Social Security number, account numbers, or passwords in an e-mail.
Cooperate with us and stay informed.
Cooperate fully with Vanguard in investigating and prosecuting any unauthorized activity in your account, and follow our recommendations about how to protect your account. We may require you to file a police report, complete a notarized affidavit, or permit access to your computer.