Trusted Contact Person

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Category: MBL News
Date: March 31, 2026

Your well-being and financial security remain top priorities at MBL Advisors. As part of our ongoing commitment to protecting our clients’ interests, we periodically highlight steps which may provide additional layers of security, especially as life evolves and unexpected situations arise.

One such step you can take to enhance your protection and security is designating a Trusted Contact Person on brokerage accounts held with our custodian, Charles Schwab.

What is a Trusted Contact Person?

A Trusted Contact Person (“TCP”) is someone you may choose to authorize (i.e., a family member, close friend, or professional advisor) whom Schwab and MBL Advisors maycontact on your behalf in specific, limited circumstances. For example, if there are concerns about potential financial exploitation, difficulty reaching you, or questions about your health or well-being, Schwab and our team may reach out to your TCP to help ensure that your best interests are protected.

Importantly, a named TCP does not have access to view your accounts, move assets, or make any financial decisions on your behalf. Naming a Trusted Contact is entirely voluntary, and you may add, update, or remove this person at any time. Industry regulators like FINRA particularly encourage this practice for investors over age 65. And we believe it to be a prudent consideration for clients of any age.

How do I update my accounts to add a TCP?

If you would like to add a Trusted Contact Person (TCP) to your accounts, we’re happy to initiate the process for you and prepare the paperwork for electronic signature via DocuSign.

MBL Advisors Inc. is independently owned and operated. Investment Advisory Services are offered through MBL Wealth, LLC, a Registered Investment Advisor. For important information related to MBL Wealth, LLC, refer to the Client Relationship Summary (Form CRS) by navigating to http://mbl-advisors.com. Securities are offered through M Holdings Securities, Inc., a registered broker/dealer, member FINRA/SIPC. For important information related to M Holdings Securities, Inc, refer to the Client Relationship Summary (Form CRS) by navigating to https://mfin.com/m-securities. Insurance solutions are offered through MBL Advisors Inc.

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This material and the opinions voiced are for general information only and are not intended to provide specific advice or recommendations for any individual or entity. To determine what is appropriate for you, please contact your personal advisors. Information obtained from third-party sources are believed to be reliable but not guaranteed. The tax and legal references attached herein are designed to provide accurate and authoritative information with regard to the subject matter covered and are provided with the understanding that MBL Advisors Inc., is not engaged in rendering tax, legal, or actuarial services. If tax, legal, or actuarial advice is required, you should consult your accountant, attorney, or actuary. MBL Advisors Inc., does not replace those advisors. The use of trusts involves a complex web of tax rules and regulations. You should consider the counsel of an experienced estate planning professional before implementing such strategies.