A step closer to treating sweep account as cash for Vanguard?

Geobrick
Geobrick Member ✭✭✭✭
edited December 8 in Download, Add/Update Accounts (Windows)

I'm now seeing the "Treat this money market as cash" option under the 'Online Services' tab of 'Account Details' for my Vanguard accounts. I don't remember that showing up for Vanguard accounts in the past so it makes me thing we may finally be getting the choice to choose how we want to treat money market sweep accounts at Vanguard (like we've been able to do with Fidelity forever).

While I can see the option and the ability to set/edit and customize the option, I'm not able to choose VMFXX from the drop-down window and can't see how I would be able to add something to that drop-down list or just type VMFXX as the 'Money Market Fund used in this account'.

If anyone knows how to get VMFXX onto that drop-down list let me know. Maybe it can't be done yet. This may just be the first step to being able to choose for ourselves how the sweep funds are treated. It may require Vanguard to do something on their end, but it seems that this is something Quicken can do on their own.

Can't wait for the day where I no longer have to convert Money Market ReinvDiv transactions to Div transactions.

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Comments

  • Quicken Kristina
    Quicken Kristina Quicken Windows Subscription Moderator mod

    Hello @Geobrick,

    Thank you for reaching out! I am not aware of any way to manually add securities to that dropdown. Based on the information icon, it should show securities with a $1 per share price and a positive value, as reported online.

    Screenshot 2025-12-08 at 5.48.25 PM.png

    Does VMFXX meet those criteria?

    I look forward to your reply!

    Quicken Kristina

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  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭
    edited December 8
    https://community.quicken.com/discussion/comment/20526613#Comment_20526613

    Yes, VMFXX has a fixed NAV of $1. So, by the criteria given it should show up on the list. I might say that though there seems to be more going on behind the scenes that the developers aren’t mentioning.

    One thing that comes to mind is how do they know a given security has a NAV of $1? And also do they require it to reported as a mutual fund? I would think the answer to those questions are in the “summary” part of the Downloaded transactions/security information.

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  • Quicken Kristina
    Quicken Kristina Quicken Windows Subscription Moderator mod
    edited December 9

    Hello @Chris_QPW,

    Thank you for confirming that VMFXX should meet the criteria. I forwarded this to the proper channels for further investigation.

    Thank you!

    (CBT-956)

    Quicken Kristina

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  • Bob_L
    Bob_L Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Curious. Why are you having to change reinvdiv transactions to divs?

    Quicken Business & Personal Subscription, Windows 11 Pro

  • ocheyette
    ocheyette Member ✭✭

    I've been hoping for a solution to this for a long time. Every transfer out requires manually selecting "average cost". I hoped when the new "treat as cash" feature showed up that it would fix the issue, but as the OP says it doesn't display VMFXX as an option and doesn't automatically identify it as the cash sweep account either.

    It's not like Vanguard is a bit player either.

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