Migrate Old Brokerage Account to New Brokerage Account

Panza

I need to close my existing brokerage account with one bank and open a new one in another bank. I have hundred of individual stock transactions, purchases, stock dividends, etc all with different amounts and different dates in the old account. Is there a way to pass that data to the new account all at once instead of moving each transaction one by one? Thanks

Chris_QPW

Go to the old account and select the gear icon in the upper right, and then Move Transactions.

NotACPA

IF you're moving all open securities between the 2 accounts, I'd simply

• Take a backup
• Disconnect the OLD account from download
• Edit the account to remove the old brokerage name and account number
• Exit Q, Restart Q
• Re-activate the account with the new brokerage name and account.

You can, if you'd like, insert a $0 transaction to show the date of this activity.

After all, if you're doing a move all, it's a single account to you.  why clutter Q with 2 accounts?

Chris_QPW

I like @NotACPA's approach better but would note that if one moves all the transactions from one account to another, then I would expect them to delete the old empty account.

In either case I would watch out for duplicate transactions when you first connect to the new financial institution.