Editing Security Limitations (AAPL, VZ specifically)

MauryJ

So - I have had this problem twice now.

With AAPL, I own it in more than one account. Some are managed, some are individual or retirement accts. With Merrill and Fidelity, AAPL's name is listed as AAPL INC in portfolio view and Dashboard. In E*Trade, at least since Morgan took over, it's listed as AAPL INC COM. That makes it show up as 2 line items in consolidated views. If you try to "edit security," even though the field for Security Name is editable, it won't let me delete the "COM" in the E*Trade Acct with the error "This security is already in your security list," even though I have no interest in editing the symbol. The ticker stays the same in all accounts, but the problem is it's not a consolidated view anymore when sorting by security under the Investing screen, or in the dashboards. I have 2 consolidated positions in consolidated view with the same tier = AAPL.

I have a similar problem with VZ. I used to have a Verizon corp bond under the symbol VZA which paid a monthly dividend. The VZA shares were called by Verizon a few years ago, so my VZA position is gone for good. One of my managed accts has some VZ. Every time they trade it, it shows up as VZ, but with the description "VERIZON COMMUNICATIONS 5.9% 02/15/2054 PFD," plus I have legitimate entries for VZ as COMMUNICATIONS, so it shows up twice in the same account. This is very frustrating, but a little different. In this case I have double the shares under 2 VZ "positions" because they are named differently. I don't know why this is - I bought them under a different broker and when it was called they were "sold." Then I converted that account to Merrill and somehow it picked up that name in the meta data somewhere, because I didn't own any Verizon shares of any sort at the time. Then the accounts was converted to a managed account, and at some point they started accumulating some VZ shares, but the Frankenstein 5.9% name keeps reappearing.

I'm debating deleting the 5.9% dupes, but I don't want to do that until I get the costs and entries sorted out to make sure I don't end up skewing the account value inaccurately. That said, every time they buy or sell a share, Quicken defaults to the longer "5.9%" name and it's difficult to change to the proper name.

The bottom line is that I don't think Quicken allows you to select a default name for all instances of one ticker symbol. Anyone else dealing with this?