How to handle new brokerage account in Quicken?

System
System Member admin
in Investing (Windows)
This discussion was created from comments split from: How do I transfer corporate bonds from one account to another.

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  • mkitchens57
    mkitchens57 Quicken Windows Subscription Member ✭✭
    I have a brokerage account from company X. I just opened a new account from company Z. Do I rename, change account nr etc in quicken or do I need to create a new account in quicken.
    Thanks
    Mike
  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Did you move EVERYTHING from x to z?  OR, at any point, do both X and Z have securities in them?
    BTW, it would be helpful if you'd name the actual brokerage firms.  Doing so wouldn't compromise your identity in any way.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭
    mkitchens57 said:
    I have a brokerage account from company X. I just opened a new account from company Z. Do I rename, change account nr etc in quicken or do I need to create a new account in quicken.
    Thanks
    Mike
    IMO, as long as you are keeping good track of the transfer process and it proceeds in a timely fashion, you can change the account in Quicken from old to the new.  If this involves downloading transactions and holdings, the changeover in Quicken will involve disabling and re-enabling online connectivity to the brokerage.

    If you go that route, be careful with the downloads from the new brokerage as they will likely involve Add Share transactions that will not be necessary.    

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