Update a Joint Investment Account After Divorce

Question

We had a joint investment account. In the divorce, I became the sole owner. The investment broker changed the account number.  It was 1234 joint, now it's 5678 sole.

How do I update the old Q account (1234) so I can one step update the new Q account (5678) and not lose any history?

Or do I have to maintain two separate Q accounts?

Thanks.

q_lurker · Accepted Answer

Make sure with the brokerage that the 5678 account is setup to allow online (third party) access.

Edit the Account Details for the 1234 account

* Deactivate the online connectivity for that account.
* Delete the account number for that account
* Reconnect the account for online access.

You should then be able to connect the 5678 account to the existing account in Quicken that had been 1234.

mshiggins · Accepted Answer

In addition to the excellent advice offered by @q_lurker , I always like to document important account changes with a Reminder transaction so I have some reference to why/how/when I made the change.