After TDA/Schwab conversion

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dog-1
dog-1 Member

I had a HUGE issue with how Quicken handled this… How do I rename the securities I had in TDA to the new name(s) Schwab has them? The screen that comes up about what Quicken thinks is a name change - isn't the same security. How can I correct this?

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  • Quicken Kristina
    Quicken Kristina Moderator mod
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    Hello @dog-1,

    To update security names in Quicken, you would first pull up the Security List (CTRL + Y or Tools>Security List). Once the Security List is up, right click on the security you need to edit and choose the Edit option.

    That should bring up a window that looks like the sample image below.

    Edit the security information as appropriate, then click OK.

    I hope this helps!

    Quicken Kristina

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  • dog-1
    dog-1 Member
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    I appreciate the information. Is there a way to print (or sort by) the ones Quicken needs corrected? I don't want to create place holders because they aren't new - just need to be renamed so Quicken can get the quantity corrected. Am I making any sense?

  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
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    The security names Quicken uses (perhaps from a prior financial institution) do not need to match the names used by your current financial institution.

    Can you snip and post a picture of the screen causing your dilemma?

  • dog-1
    dog-1 Member
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    that is just 1.

  • dog-1
    dog-1 Member
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    Do I need to change the name in the drop down to the 'old' name so it will match? Then it leaves that transaction as not matched — so delete it afterward?

  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
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    I'll have to beg off at this point, simply because I don't deal with puts and calls. They do develop 'issues' with respect to the associated tickers and possibly CUSIP identifiers; those may not be so consistent across brokerages. I also tend to get lost on when Short Sales and Cover Shorts apply versus regular buys and sells. Hopefully, someone more knowledgeable can jump in.

  • chall3809
    chall3809 Member ✭✭
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    I had the same issue - all of the symbols that came over from TD Ameritrade had the "TDA" prefix. Schwab's symbols all begin with either PUT or CALL for all the options. I tried renaming a few, but that just didn't work. I tried creating a new Schwab account and tried downloading again. This just duplicated what was wrong again.

    I ended up using the Placeholders and then just entering the missing transactions. It was a bit of a hassle, but at least now all of my symbols and positions match up.

  • dog-1
    dog-1 Member
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    I had that issue to - now I'm running into it when I am getting out of the position. So, no placeholder — no missing transaction…

  • PER
    PER Member ✭✭
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    A couple of comments—I'm a long time Quicken user (decades) and eventually stopped using the detailed transaction register for brokerage accounts. I have over 100 securities and regularly write options against them for premium income. This creates far too many transactions in the registers and eventually results in too large a Quicken file (not to mention the hassle of an ever-increasing confusing list of securities associated with monthly covered calls or short puts). So I use the Simple View, and don't use the transaction view. Ultimately if I want YTD performance to ensure my option writing is profitable, I just go to the brokerage site and do a quick download to spreadsheet where I can filter on just "Buy to Close" transaction which are only the option trades).

    I also just migrated from TD to Schwab with a half dozen accounts and got everything squared away pretty quickly. I deactivated online for each TD account and then edited the name of the account and the account number. I then went in and reactivated online and with a little fiddling got each account to accept Schwab update and linked it to an existing former TD account. This retained all the history of the accounts. While I don't use the register view as commented earlier, these accounts do push out regular monthly distributions for income that go to a checking and all those transactions in checking show correct historically and going forward.

  • Quicken Kristina
    Quicken Kristina Moderator mod
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    Thank you for your replies,

    Due to the nature of this issue, I recommend that you contact Quicken Support directly for further assistance, as they can walk you through troubleshooting steps in real-time and escalate the situation as needed.  The Quicken Support phone number can be found through this link here. Phone support is available from 5:00 am PT to 5:00 pm PT, Monday through Friday (Note: Support will be closed 27 May for Memorial Day).

    I apologize that I could not be of more assistance!

    Quicken Kristina

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