My wife's small investment firm is requesting access to my retirement and investment accounts for quarterly financial compliance. Basically making sure that I'm not involved in any trading activities that would raise red flags. As far as I know, this is pretty common in the financial industry to need immediate family members' financial statements.
I currently provide PDF statements on a quarterly basis, but now they are requesting my username/password to be used in their quarterly reporting. They use the Charles Schwab aggregation tool to do so. Am I required to give this information out? Or am I able to just keep providing hard copies? Seem's like a request to make their system more efficient, but I don't want to increase my risk for their convenience.
Submitted April 20, 2017 at 11:14AM by Ben2ek http://ift.tt/2ouHrnY
