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How do I transfer corporate bonds from one account to another

JoeU

In managing my investments, my financial advisor advised me to create a new account and move some of the assets there from another account. I was able to transfer stocks and ETFs easily, but there is no provision for transferring bonds from one account to another. How do I do it? It is 15,000 in Verison Communications.

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Frankx

Okay I'll take the gold star...
LOL

Frankx

All comments

Frankx

Hi @JoeU,

You should be able to use the "transfer shares" process - same as you used for the transfer of stock. You could also use the "remove shares" and then the "add shares" to do it, however the advantage of the "transfer shares" method is that it acomplishes the transfer with only one entry (while the remove & then add approach requires two transactions).

Let me know if you have any questions,

Franks

JoeU

Frankx,
Thanks for the reply. What do I put for number of shares, the number of bonds. In my case 15,000. Is that right?

Frankx

Hi @JoeU,

Here's the guidance on entering bond transactions in Quicken.
https://www.quicken.com/support/how-add-bond-quicken-security-list

Frankx

JoeU

Frankx,

Maybe I didn't make myself clear. I am not starting a new bond, but transferring an existing bond investment I have from one account to another. Do I have to create a new bond in the new account and then put the current bond information in that "new" bond and then delete the old bond?
I am extremely happy with Quicken, but this is the only stumbling block I have ever encountered. I'd like to get this right.Thanks,
JoeU

q_lurker

When you look at the holdings for the account, what does that show for the share count on the bond (I would expect it to be 150, but you should confirm.) That is how many shares you transfer.

Or you simply select "all shares" having specified that security.

Frankx

Hi @JoeU,

You should enter the same number as you had recorded in the other account (i.e. the account you are transferring from. It sounds like that was 15,000.

Frankx

JoeU

Thanks Guys I Got it! :)

q_lurker

@JoeU So which was it? 150 or 15000 or some other number?

JoeU

q_lurker,

It was 15000 Thanks for the help

Frankx

Okay I'll take the gold star...
LOL

Frankx