Transfer of fractional shares between brokers

steve87@

When transferring shares between brokers ("Share transfer between accounts") and using the "all securities" option, there is no way to tell Quicken to only transfer the whole shares. When the transfer actually happened, only the whole shares were transferred and the old broker sold the remaining fractional shares to they could be transferred as cash. The "Reconcile Shares" process reported discrepancies for all these securities. I had to enter a transaction for each security, transferring the fractional shares back to the original account so that account shares would not go negative when the broker sold the fractional shares. An option to calculate the number of whole shares and only transfer that number of shares of each security would be useful.

NotACPA

Sell those fractions before you record the Transfer of the shares and cash.