Why Merrill Lynch IRA Accounts don't show correct Cash Balance by double counting Cash Sweep?

pkailesh

My Merrill Lynch (Merrill Edge) Accounts double counts Blackrock Liquidity Fund as a security as well as Cash. Blackrock Liquidity Fund (BUPXX) is used as sweep account by Merrill Lynch. Because of my cash balance is always greater (by amount in BUPXX) than actual. This problem started after Feb 2026 I believe. Before February Total Portfolio Balance used to be less by amount seeped to BUPXX as Quicken for Mac was failing to show that, and I had to manually add as "ADD Shares" to adjust for sweep.

Quicken Kristina

Hello @pkailesh,

Thank you for reaching out! To help troubleshoot, please provide more information:

• Is the sweep fund tracked as cash or as a holding with Merrill Lynch?
• Considering how long this has been happening, have you already attempted any troubleshooting?
  • If so, what have you tried?

I look forward to your reply!