MERGING INVESTMENT ACCOUNTS (Q Mac)

David Hunter

We had two separate investment accounts and have merged them into a single trust.  Is there a way to merge the two accounts and preserve the transaction history in Quicken 2018 for Mac?

John_in_NC

You can't move investment transactions between registers, but you can use the recently added "Transfer Shares" command to move the securities to the desired investment account. This will preserve the cost basis in the destination account. (Note: you mentioned Quicken 2018-you have to make sure you upgrade to the latest version of 2019 (which 2018 will) as this feature was recently added. 

Make a backup first. Then create a new transaction, and use the transaction type "Transfer Shares". The rest should be self explanatory. See below:



As for cash transactions (if any), while you can move them between investment accounts, I think you will want to make a single transfer of the $ over to the other account. That way. your old account remains untouched, and your new account shows the current cash.

John_in_NC

You can't move investment transactions between registers, but you can use the recently added "Transfer Shares" command to move the securities to the desired investment account. This will preserve the cost basis in the destination account. (Note: you mentioned Quicken 2018-you have to make sure you upgrade to the latest version of 2019 (which 2018 will) as this feature was recently added. 

Make a backup first. Then create a new transaction, and use the transaction type "Transfer Shares". The rest should be self explanatory. See below:



As for cash transactions (if any), while you can move them between investment accounts, I think you will want to make a single transfer of the $ over to the other account. That way. your old account remains untouched, and your new account shows the current cash.

smayer97

John_in_NC said:

... (Note: you mentioned Quicken 2018-you have to make sure you upgrade to the latest version of 2019 (which 2018 will) as this feature was recently added. 

Of course this will ONLY upgrade if your subscription is current and not expired, otherwise. 

(And if you are expired and have not upgraded, not sure if you would be able to upgrade to the last version just before the expiration or if you would be stopped from doing any upgrades at all).

David Hunter

Overall the transfer worked well. There was one security that showed as having transferred but there was no sign of the shares in the receiving account. Since I don't use my file for tax purposes I just "bought" the missing shares at zero cost to get the portfolio right. Maybe the shares will show up later and I'll have to reverse my correction or adjust the cost.

A still unresolved glitch is that the combined portfolio now prices out at about 18% less than it did before and below the value in the brokerage account. The individual holdings seem right so I'm not sure where the problem is. I gave up last night but will keep looking and will do a full reconciliation when I get the next statement.

Thanks again for your help!

John_in_NC

I would check the beginning of the destination register to see if a placeholder is offsetting the moved (phantom) security. 

You can use "Add Shares" instead of Buy shares-this will allow you to enter the cost without affecting your cash balance (even though I know you entered $0). I know you mentioned not being too worried about the basis being off, but having it correct might help you sleep better at night.

With a little sleuthing, I think you should be able to figure out the 18% difference. Good luck.