Getting individual accounts for each investment in American Funds/Capital Group
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cspeary
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Every time my broker makes a trade in my 529, I get a new account. How can I stop this and have the transactions show up under one account?
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Best Answer
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American Funds (as best I recall) downloads as a one-fund to one-account process. So if your broker is buying a new and different fund each time, you'll get a new account each time.
Your other options are a) manual entries into a single account or b) after getting the downloads, move the transactions to a composite (manual) account. [I have never tried option b so I can't comment on other issues that might arise. There could be several.]5
Answers
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American Funds (as best I recall) downloads as a one-fund to one-account process. So if your broker is buying a new and different fund each time, you'll get a new account each time.
Your other options are a) manual entries into a single account or b) after getting the downloads, move the transactions to a composite (manual) account. [I have never tried option b so I can't comment on other issues that might arise. There could be several.]5
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