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How to / possible to create multiple quicken accounts for one brokerage account?

Pierre2022

Simplified, I would like to split my one brokerage account into multiple quicken accounts.

Simplified example: in my brokerage account I have multiple investments, but I would like to split them in four separate quicken accounts, f.e. Common Stock, ETFs, Open Ended Funds, Preferreds.

I would manually add or move downloaded purchases in the appropriate groups and an Update Quotes in the Investing tab would then download all transactions and "split" them automagically over the correct accounts.

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bmciance

Nope. You can't download one account into 4 Quicken accounts. What you can do it just make 4 portfolio views. Is there a reason you need them separated?

Pierre2022

Fast response… appreciated!!

As mentioned, the description is a simplified one, but I'll take a look-see whether portfolio views would accomplish it.

NotACPA

@Pierre2022 The general principal is that Q should always mirror reality. Since it's a single acct at the brokerage, it should be a single acct in Q.

But, portfolio views of that acct can be set-up to do what you're asking.

Pierre2022

Portfolio view is a poor substitute but I guess it'll have to do for now.

Again, thanks @bmciance

bmciance

Maybe you don't want to do this but you could have your broker split the securities into 4 accounts. Then it would download into Quicken the way you want. Just an option if portfolio views are not what you want.

Pierre2022

Nice thinking outside the box!! Though probably not overly realistic -if they'd even do it- since I would have to open a new account with them for f.e. Closed End Funds.

To stick with my example, I created a custom EFT view and a Common view, but is it then possible to create a third view consisting of the two other ones? I've been tinkering to no avail, so my guess, your reply will again be "nope". 😕

bmciance

Why not? It wouldn't "contain" the other two but you can set it up so it would in effect be the same thing. So, as an example if you have an ETF view and a Common view just set up a third that shows both together. Or am I over simplifying what you are looking for?

Pierre2022

Yeah, but that'd mean a new ETF purchase would have to be entered twice, a maintenance nightmare.

A view of two or more views w/b much better. And again, this is a simplified scenario, the real one is quite more complex.

Appreciate you thinking with me!

bmciance

No it wouldn't! The view will show what it is designed to show. I have many views that crossover each other. You just set up the "filters" to show what you want. If that is what you mean by the third view "consisting" of the other two, then yes it would. Sorry if I confused you.

Pierre2022

Okay, I’ll look into that. Very much appreciate your suggestions and help! 👍

Jim_Harman

Another thing you can do is to keep all the securities in one account and create custom Investing Goals. You could use the Investing Goals to group or subtotal your securities in one view. The only limitation of that is that each security can have only one investing goal. This would work if your groups are Stocks, ETFs, and Closed End Funds for example, but it would get complicated if the groups overlap, as in Bob's IBM and Jane's IBM for example.

q_lurker

Your simplified example uses a breakdown along “ security types”, Common, Preferred, ETF, and regular open-ended mutual funds. You can readily create security types ETF and Preferred and use the Stock and Mutual Fund type for the other two (or create two other types).

You can then subtotal any portfolio view by type which I would expect to realistically present what you need.

Whether that approach suffices for your real situation, I cannot say.