How safe is my portfolio on Seeking Alpha after linking it to my broker?
Seeking Alpha has partnered with Plaid, the leading personal financial data aggregator powering the fintech tools that tens of millions of people rely on. Plaid is 100% secure and ensures your information is fully encrypted from end to end. At no point does Seeking Alpha have access to your brokerage credentials.
Plaid powers some of the most popular banking and financial apps such as Venmo, Betterment, and Coinbase and supports most brokerages in the USA, Canada and the UK. As with all Seeking Alpha portfolios, your data is kept fully confidential and is not shared with any 3rd parties.
Please note: If you have MFA (multi-factor authentication) enabled on your broker account, then the auto-sync function will not work because this security feature requires an OTP (one-time password) every time, and there is no way to authenticate the one-time password automatically. Hence, for all the accounts which are enabled with MFA, we can update the portfolio only when the user manually re-links the portfolio. Every time they login to SA & visit their portfolio page, they will be prompted to re-link the portfolio by entering OTP and this will download the latest data for them. Disabling the MFA will most likely enable the auto-sync to work, although we strongly advise you don’t do this for obvious security reasons.
You may also visit plaid.com which includes a dedicated section that helps address common questions you might have about how Plaid works and their security practices—as well as tips for troubleshooting. Additionally, there is my.plaid.com which is a portal through which you can view and manage the connections you've made using Plaid.
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