Missing Investment CASH balance in Download

PHowland

The new revision of BNY Pershing's account setup, the Cash is divided into two categories: "Available Cash" and "Available to Trade". Most if not all the "cash" reserve is held in Cash Management accounts listed under "Available to Trade". Unfortunately, the Quicken Direct Connect download only included the Market Value and "Available Cash" so what I see and track in Quicken only shows the Market Value balance (+ the few dollars in Available Cash). The $10k, $20k, $30k that used to be held as "Cash" is now mostly in Available to Trade and does not download into my Quicken Investment account.

Any suggestions on how to get both Cash balances to download so I can see the total account balance? What I am seeing may be off by $10k - $20k on any given day as money flows into and out of Available to Trade Cash - which makes my investment account balance to be rising and falling erratically.

Thanks

Boatnmaniac

Have you previously seen in Quicken a differentiation between Available Cash (i.e., Total Cash?) and Available to Trade?

I have not seen that before even though Fidelity does break out the two on their website, as well. I'm not sure Quicken even has the capability of breaking the two cash buckets out from each other.

What I see with Fidelity:

AT FIDELITY.COM:

• TOTAL CASH: This includes liquid Cash Available to Trade plus non-liquid pending cash. Fidelity does not download this.
• CASH AVAILABLE TO TRADE: This includes liquid cash (or cash equivalents) on hand. It does not include any pending cash resulting from Buy/Sell transactions. Once pending cash transactions have posted, it will be included in this number and it will be equal to TOTAL CASH. This is the number that Fidelity downloads into Quicken.

IN QUICKEN:

• TOTAL CASH: This is the calculated CASH BALANCE (in blue font numbers on the right below the Account Register and in the Holdings view of the Account). It is also shown in the Holdings view of the account. This calculation assumes that there is no pending cash and it shows what the Cash Balance will be after all pending cash has posted.
• CASH AVAILABLE TO TRADE: This is only visible in Quicken by clicking on the Cash Balance blue font number on the right beneath the Account Register. Clicking on this number will open a popup comparing the calculated Cash Balance (i.e., Total Cash) in Quicken and the Cash Balance (i.e., Cash Available to Trade) as downloaded by Quicken.

Buy/Sell transactions can take up to 3 business days for the cash from them to post. (It can take longer sometimes but that is usually avoided because taking longer than 3 business days to post will incur a cash penalty for late payment on either the Buyer or the Seller.)

Since Fidelity downloads only Cash Available to Trade and Quicken only reports Total Cash, these will not always be in agreement with each other because of this approx 3 business day pending cash posting lead-time. Once the Buy/Sell transactions pending cash have posted, then TOTAL CASH and the CASH AVAILABLE TO TRADE will equal each other. Then what Fidelity downloads and what Quicken calculates will be in agreement.

Does this perhaps explain what you are seeing with your Pershing account?

If so, then there is nothing you can do to resolve this other than to wait a few days for the Buy/Sell transactions pending cash to post. Then the issue will go away.