Migrate Old Brokerage Account to New Brokerage Account

Panza
Panza Quicken Windows Subscription Member
edited May 2022 in Registers & Transactions (Windows)
I need to close my existing brokerage account with one bank and open a new one in another bank. I have hundred of individual stock transactions, purchases, stock dividends, etc all with different amounts and different dates in the old account. Is there a way to pass that data to the new account all at once instead of moving each transaction one by one? Thanks

Comments

  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭
    Go to the old account and select the gear icon in the upper right, and then Move Transactions.

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  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited April 2022
    IF you're moving all open securities between the 2 accounts, I'd simply
    • Take a backup
    • Disconnect the OLD account from download
    • Edit the account to remove the old brokerage name and account number
    • Exit Q, Restart Q
    • Re-activate the account with the new brokerage name and account.
    You can, if you'd like, insert a $0 transaction to show the date of this activity.
    After all, if you're doing a move all, it's a single account to you.  why clutter Q with 2 accounts?

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭
    I like @NotACPA's approach better but would note that if one moves all the transactions from one account to another, then I would expect them to delete the old empty account.

    In either case I would watch out for duplicate transactions when you first connect to the new financial institution.

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