This is definitely a good suggestion! We would like to run a quick poll among the people who have requested this feature or those who might need it in the future. We would like to know which of a few approaches would be most useful to you:Based on Security, move ALL transactions from one Account to another. This would include current positions, closed positions, dividends, return of capital, splits, etc. The advantage is that it would bring along all of your history for reporting, etc. But the drawback is that it does not quite match what is happening in the real world, if you are switching to a different brokerage or advisor. For example, if you want to look at the performance of your old advisor versus your new advisor, this would make it harder to see. Another disadvantage is that if you move all of the history to the new account, then you connect to the FI for that account, they will probably send down a bunch of Add Shares transactions and you will essentially have duplicate data that you will have to clean upBased on Security, automatically create a "Remove Shares" transaction for the entire position to remove the shares from the old account, and then create one or more "Add Shares" transactions in the new account. There would be one "Add Shares" for each open Lot, and it would accurately reflect the Acquisition Date (for Holding Period), as well as the correct cost basis for Capital Gains. All of the original Buys, Sells, Dividends, etc. would remain in the old account. You could then accurately report on either account individually, or on the combination of two or more accounts to look at the entire history. This more accurately reflects what happens in the real world when you transfer shares from one brokerage to another. It should also work correctly when you download transactions from both the old and the new FI. ***NOTE*** - Several people have reported errors in performance calculations and Capital Gains reporting for this Add/Remove scenario. We are analyzing those issues and plan to make sure any issues are addressed.Allow Drag-and-Drop of individual investment transactions, or a group of transactions. It is simply an automated version of deleting a transaction from one account and adding an equivalent transaction to the other account. This sounds nice, and flexible, but it could lead to significant issues. For example, if you have a Buy of 100 shares and a Sell of the same 100 shares, then you move the Buy to a different account, but leave the Sell in the original account, you will now have 100 shares in the new account, and a short position of -100 shares in the old account. It also could cause "interesting" issues if there are Placeholder transactions in the account. When you move the Buy transaction out of the old account, the Placeholder would be recalculated and essentially replace them in the old account. Another problem that comes up is handling shares that have already been sold using specific lot assignment. These relationships could get destroyed when individual transactions are moved around.Let us know (in comments here) what you prefer and PLEASE try to explain WHY it works better for your situation.
This is definitely a good suggestion! We would like to run a quick poll among the people who have requested this feature or those who might need it in the future. We would like to know which of a few approaches would be most useful to you:
Agree with John Burgess. #2 for sure of the 3 options described. Must keep transactions prior to the transfer in the old account in order to study or compare accounts on dates prior to the transfer but need the complete lot history in the new account in order to calculate capital gains correctly.But, if I understand what John proposed, it would solve a problem with Transfers in Quicken Windows that's caused me grief in the past. If you discover an error in a transaction in the old account and correct it, Quicken Windows does NOT automatically update the lot history(s) in accounts the security has been Transferred to. You have to manually undo the Transfer - delete the Remove transaction in the old account and all the Add transactions in the new account - and enter the Transfer again. With automatic dividend reinvestment, there can be a LOT of Add transactions. Deleting them manually is tedious and error prone.If you transferred the security multiple times (my data goes back to the 1980s), you have to correct each of the transfers and in the correct order - same order as the original Transfers - or your cost basis will be incorrect. This error is really hard to detect. (Don't ask me how I know.)I think John's proposing that Quicken "remember" the link from the addition of the security to the new account back to where it was removed from the old account so any changes in the old account would be automatically copied to the new account. Wonderful idea!