Changed Brokers

Options
MartyDC
MartyDC Member
edited May 2023 in Investing (Windows)

Just moved by investments to a new broker. What's the best way to handle this transfer within Quicken so that it will be seamless?

Best Answer

Answers

  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭✭
    Options

    Do you manually enter transactions or do you download them?

    Were all your security holdings liquidated and the cash balance then transferred to the new broker? Or were the holdings themselves transferred the new broker?

    Also, who are the brokers?

    Quicken Classic Premier (US) Subscription: R57.16 on Windows 11

  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    Answer ✓
    Options

    You might see if this FAQ helps you choose a process.

  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    Options

    @q_lurker

    I like the new FAQ on changing brokerages. You might want to update it to include a note that if you set up a new account and transfer the holdings, you should also disable online services for the old account. This will prevent extraneous Removed transactions from being downloaded in that account. If the Removed transactions have already been downloaded, they must be deleted before entering the Shares Transferred.

    QWin Premier subscription
This discussion has been closed.