Schwab transition, duplicate accounts

kimyx

I went through the Schwab connection transition recently. It went pretty smoothly, but now I have two versions for each of my Schwab investment accounts -- one with over a decade of history and another with placeholders for initial balances and a small number of downloaded transactions since it was created.

Is there a way to merge these accounts? I have to hide the historical accounts to make my net worth accurate so it's inconvenient to access the history; the UI complains about the placeholders; it would be almost impossible to rebuild the cost basis. Should the "reauthorize" operations have merged the accounts in the first place?

Hope this isn't a duplicate question. There are so many Schwab transition threads that I can't read all of them.

kimyx

After reading more of the other threads, I decided to go back and try again. I restored my latest backup prior to the transition to the new schwab connection (from 11/14 for me).

I'm using the latest quicken release as of today, R36.45.

I used the "reauthorize" button and noticed the "link to existing account" option that I apparently missed the first time. For a couple of my schwab accounts this worked fine. For a few more, it didn't show the account I wanted to link to in the dropdown list.

For these I used advice I read elsewhere on this forum. For each problem account I:

- clicked Edit Account Details / Online Services then the Deactivate option to remove the previous schwab connection method

- quit and restarted quicken

- clicked Tools / Add Account, entered Schwab in the search box, selected "Charles Schwab Bank - Investor C" from the list, and clicked Next

- went through the login procedure at Schwab for the account I cared about

- clicked the Link to Account option in quicken and then I was able to select the account I wanted

After this was done, all of my accounts downloaded transactions from schwab. There were still some issues:

- stock names apparently changed slightly, I had to accept a bunch of "is this stock the same as this one you already have?" screens, but no surprises there.

- one of the accounts downloaded a bunch of duplicate transactions that were prior to the last successful downloads in my 11/14 backup. I clicked Edit/Delete to delete each of these duplicate transactions instead of accepting them.

- I accepted the new transactions that had occurred since my old backup and filled in some missing fields, primarily for inter-account transfers. For one account and equity, I ended up with a discrepancy in the number of shares that I didn't see before and I had to accept a placeholder entry that quicken proposed. I think this may have been due to a schwab error where they did a duplicate dividend reinvestment on 11/16 and then had to undo it.

Anyway, I seem to be back in business with only a few hours time wasted.