Fidelity - Direct vs EWC

Ps56k2 · December 2023

over on the Simplifi forum - the software has been having probs connecting with Fidelity Investments - resulting in FDP-105 errors -

A recent suggestion from the admin was to change to - Fidelity Investments & Retirements -
Here are the 2 entries from here on the QWin side -

BUT - be aware of a change and losing detailed transaction if using Fidelity and EWC

07776 07776 07776 Fidelity Investments
http://www.Fidelity.com (800) 544-7931
http://personal.fidelity.com/misc/partners/quicken/disclaimer.shtml ACTIVE
INVESTMENT,ACCOUNTINFO&DIRECT

70419 70419 70419 Fidelity - Investments & Retirement Accounts
https://nb.fidelity.com/public/nb/default/home NA
https://nb.fidelity.com/public/nb/default/home ACTIVE
BANKING,CREDIT,ACCOUNTINFO,INVESTMENT&EXP-WEB-CONNECT

coly8s · December 2023

Not sure I understand what comment is telling us.

Boatnmaniac · December 2023

Quicken (and Fidelity) have been incredibly silent and cryptic on this one. It seems that Fidelity is pushing some users to reauthorize to EWC (or EWC+ ?) and that once that is completed there are account mismatches (with Schwab accounts no less) and that the only option available is for Simple Investing…no more Complete Investing option. I've asked Quicken for clarification about what is going on but have not received a response, yet.

Those who have reauthorized are reporting big issues with the reauthorization and a lot of confusion because of the lack of information. Here ia a QMac thread regarding it.:

New Fidelity connection requirements

rafabrega

Dec 13, 2023

Today after connecting and downloading transactions I received a msg that Fidelity was changing their connection with Quicken and a new connection needed to be updated. After updating and reconnecting with Fidelity the accounts went from detailed holdings to simple holdings for all brokerages, ira's, 529s, etc.
When I go into any of the Fidelity accounts settings and try to change them from simple to detailed reporting I get the msg below.
"Do you want to disconnect this account to use Detailed Tracking?Fidelity-Investments & Retirement does not support downloading detailed investment information. If you want to use Detailed Tracking, you must disconnect this account and manually enter your investment transactions."
Anyone have this similar issue, reasons for the change, or how to get around it?
Thanks

It sure would be nice if a Moderator would step in and provide clarification. I can't believe that there hasn't been any advance Alert or other notification regarding this.

jfclague · December 2023

Quicken Kristina just clarified this issue here:

https://community.quicken.com/discussion/7943964/fidelity-investments-direct-connect-possibly-going-away

Boatnmaniac · December 2023

Unfortunately, it is still not clear (at all) regarding which "Fidelity" financial institutions are affected. There are 33 "Fidelity" FIs in QWin alone. Still no answer as to which ones are affected.

What I can say is that it looks like it affects only EWC (moving to EWC+) connections. Fidelity Investments and Fidelity NetBenefits support DC only so if the Moderator is correct that it affects only EWC accounts then it means these two FIs are not affected by this.

Fidelity - Direct vs EWC

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New Fidelity connection requirements

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