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How do I reconstruct and consolidate investment downloads

NV-VT

Quicken Premier 27.1.69.70 on PC running W11. I have three Fidelity mutual funds. In original set up on Quicken I designated three separate investment accounts by mutual fund name. Years later I was able to set up the one-step update for Fidelity but it downloads transactions in all three accounts to one new Quicken investment account "Fidelity." My awkward workaround has been to put this new investment account into the "separate" list at the bottom of my investment page, download transactions to it, then copy or cut and past each transaction to the the respective individual three original accounts. The original three-account set ups goes back over 15 years and I do not want to lose any data. The "separate" Fidelity account does not have earlier transactions posted to it. How can I consolidate and reconfigure so I am using just one downloadable Fidelity account in Quicken with all historical data?

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NotACPA

Unlike some fund companies, Fidelity doesn't require "Single Mutual Fund" account AND, based upon you're reporting, doesn't support them either. (I'm also a Fidelity customer, but I've never tried SMF with them).

What you can do is to:

Take a backup (just in case)
Decide upon which of your current SMF accounts you want to make the "master". Rename it if you wish.
Deactivate the other 2 accounts from download
Use the "Shares Transferred between Accounts" action to consolidate the other 2 SMF accounts into the "master"

Everything should then be in the newly designated Master account, and you can delete the created "Fidelity" account.

NV-VT

Thanks but, perhaps I was not clear in original post. My three separate accounts in the active account list are not and I believe, cannot be set up for Fidelity download. Downloads go to a stand alone "Fidelity" account set up under "separate" in my account list. Does your thoughtful advice still work with this clarification? Do I need first to rename one of the three accounts to a generic "Fidelity to get the download to work??"Thanks again

NotACPA

Now I'm confused. Why can't those funds not be set up for download? Are they Fidelity funds that are actually held at another brokerage? If so, which?

BTW, I'm a Fidelity Investments customer also, and I consider Fidelity to be the "Gold Standard" for supporting Q.

Jim_Harman

As I understand it, you now have 4 accounts, one called "Fidelity" that gets all the downloaded transactions, and 3 offline accounts, one for each of your funds. You have been painstakingly cutting the transactions from the "Fidelity" account and pasting them to the other accounts, so the Fidelity account is now empty.

If that is your process, you could back up you data in case something goes wrong, then go to each of the individual accounts, click on the gear at the top right, and select Move transactions. Select all the transactions and move them to the Fidelity account.

Once all the transactions are in the Fidelity account, you can remove the Separate setting for that account and delete the now-empty individual accounts. New transactions will still download to the combined Fidelity account.

NV-VT

Thanks again. I guess I was remembering an inability to set up download many years ago. I see on my "account list" the option to activate each one of these three accounts. Sometime when I get up the nerve and have all accounts updated and Q backed up I will try your directions to consolidate. Thanks again for the help. I have another set of Fidelity Funds that are held at another brokerage and they download and update just fine.

NV-VT

Thanks - this is a slightly different approach than suggested by Notacpa. Maybe I have complicated my problem because sometimes I would "cut" transactions from the "separate" Fidelity account and paste to the individual accounts; sometimes I would "copy and paste." So my "Separate" "below the line" hidden downloadable Fidelity account in my account list is not empty but it does have some but not all transactions for the past few years and absolutely none from the earliest years. It does have some transactions which I have copied and pasted. I gather from your suggestion that the "separate" account used for downloading can be deleted anyway after consolidating. Is this true even if it has entries, or can I just deactivate its download? I get nervous when "deleting" an account from past experience, especially when the deleted account was used for transfers to and from other accounts. Thanks again.

Jim_Harman

The fact that there are leftover transactions in the separate account does complicate things. My approach was to consolidate everything in the now separate account, which is already set up for downloading. Then I would delete the other 3 accounts and use the combined account goting forward.

But given the leftover transactions, it might be better to pick one of the 3 existing accounts and move the transactions from the other 2 single fund accounts into that one. If the one you are consolidating into is set up as a "Single mutual fund" account, you would have to turn that option off on the Account details page. When you are done consolidating, you would disable downloading in the account you are using for that and enable it in the consolidated account.