Merging two accounts

rcambere

I have an ESOP account at one financial institution and a 2nd account for RSU's at a different institution. It is the same one security in both. Now the ESOP and the RSU's are both being handled by the institution that before had just the RSU's. Can I combine these two somehow or do I need to do so manually?

jr7107

How I handle RSUs will frame how I would handle this. Annual RSU grants are built as a pseudo stock position example "2019 RSU" within a brokerage type account that I call "RSU Stock Plan Account". There I transact against every RSU action, that ultimately ends up netted in the overall Brokerage account. When an RSU pays income, it is a transfer into brokerage account, and then withhold taxes using a Misc Exp transaction. When an RSU vests, I use a "corporate acquisition" of that RSU by the parent and either net shares via sale or cash withholding of taxes. 

Since all of the activity ultimately nets in the overall Brokerage account, I don't worry about where physically the RSUs are since they don't reconcile in the brokerage account. Same for the ESOPs. They don't show up in a Quicken transaction until exercised, and then in the Brokerage account.

If you describe further how you have it setup, then I can give further suggestion. If you have built RSUs like a stock, then you can always transfer to the ESOP account assuming that is the case. But I don't see why it can't be handled separately and manually, the transactions are not frequent.

jr7107

How I handle RSUs will frame how I would handle this. Annual RSU grants are built as a pseudo stock position example "2019 RSU" within a brokerage type account that I call "RSU Stock Plan Account". There I transact against every RSU action, that ultimately ends up netted in the overall Brokerage account. When an RSU pays income, it is a transfer into brokerage account, and then withhold taxes using a Misc Exp transaction. When an RSU vests, I use a "corporate acquisition" of that RSU by the parent and either net shares via sale or cash withholding of taxes. 

Since all of the activity ultimately nets in the overall Brokerage account, I don't worry about where physically the RSUs are since they don't reconcile in the brokerage account. Same for the ESOPs. They don't show up in a Quicken transaction until exercised, and then in the Brokerage account.

If you describe further how you have it setup, then I can give further suggestion. If you have built RSUs like a stock, then you can always transfer to the ESOP account assuming that is the case. But I don't see why it can't be handled separately and manually, the transactions are not frequent.