zzz-Fidelity Updates

Also I just discovered another old transaction downloaded from Schwab, which is also EWC+.

@bdantes The functions you describe work well for us under the new EWC+ with Fidelity, since we successfully switched over from Direct Connect. Therefore there are no reasons to revert back to the old connection for those users who now do encounter no or some minor issues. Of course the latter still have to be ironed out by Quicken & Fidelity in due course!

Recommended course of action for those users who do encounter major issues, the type you described above, is to return to a saved QDATA file before conversion and to continue with Direct Connect while Fidelity still provides this service, however long this will be the case. However, this clearly is not an option for all those Quicken users who already switched over to EWC+

@BarryGraham Barry, Yes we have from the beginning and most of the EWC+ transactions are now being downloaded and accounted correctly by Quicken Classic Business & Personal for our 12 accounts with Fidelity Investments and Netbenefits. We do encounter remaining issues with the ReinvDiv function, where Quicken incorrectly rounds to 2 digits, while Fidelity correctly reports three digits after the decimal point. We also encounter outstanding Netbenefits download issues, which have to be ironed out. Yet this is basically it, everything else appears to be working well as of now.

Granted, the Direct Connect to EWC+ switch required some extensive manual adjustments in our case, as relates to CD corrections (shares + price), yet we always reported cash balances as SPAXX, not as cash in our accounts, so this was not an issue we had to overcome. It took about 2 hours of manual adjustments and cross checking, yet now mostly everything works, other than remaining issues reported above. All prices, including CD's, are downloading correctly for us on a daily basis. Probably we are some of the lucky ones, we would have reverted back to Direct Connect if we had encountered major issues.

@BarryGraham Yes, this is correct. In our case, as we always reported cash in SPAXX and FDRXX mutual funds, aligned with Fidelity reporting, not as cash in Quicken, this actually facilitates our download accounting, as EWC+ now reports such fund buy/sell transactions directly, whereas before we had to always input those manually. During the EWC+ switch over process, Quicken actually asked whether we would like to report cash balances in funds or as cash in Quicken, going forward, so this was a no-brainer in our case. As I said, we probably got lucky. My main point to @bdantes was that under no circumstances would we want to revert back to Direct Connect at this stage of the game, after investing so much time, given that the Fidelity EWC+ switch will happen anyway in the near future, as this is being ultimately caused and determined timing wise by Fidelity, not Quicken!

@bdantes

I am not disagreeing with you, yet when you said earlier "The switch to EWC+ for Fidelity needs to be immediately reverted to DC…" my key point was that, under no circumstances, is this an option for all of those Quicken users for whom EWC+ downloads are working in principle, albeit there are, of course, still some key points remaining to be ironed out by Quicken and Fidelity!

In terms of Fidelity's role and responsibility in all of this, let me share a good summary @Boatnmaniac provided earlier on July 31, 2025 on a related subject forum:

"Just so everyone is clear on EWC+: Which connection method is used by any financial institution is solely the decision of that financial institution. A moderator once told me that the financial institutions that are transitioning to EWC+ have told them that if they do not cooperate on cutting in this connection change then they will totally drop support for Quicken.

In other words, it is not that Fidelity simply agreed to this roll out, they are actually who demanded it. Intuit/Quicken would not have implemented any of the EWC+ connections we have today if the financial institutions had not demanded it.

EWC+ is Intuit/Quicken's response to a relatively new API security protocol that was developed by the FDX (Financial Data Exchange) Consortium. FDX is comprised of over 200 financial institutions of which Fidelity is not just a member, they are a Sustaining Member.

Off the top of my head I can't think of any EWC+ transition over the last 3 years that did not initially have issues of one kind or another. What the causes of the issues are is something we will probably never know but we can be pretty sure that if the data that is downloaded is wrong or missing the financial institution bears at least some, if not most, of the responsibility for it."

@bdantes I understand. If it were my choice, this is what I would nevertheless do, given the issues you are facing. Original DC Connections should all be up and running, supporting the update process. Just a thought. Fidelity/Quicken presumably will take a more cautious approach to the DC → EWC+ switch over, even though it undoubtedly will be coming at some stage.

@BarryGraham Under "Preferences" there is a "Never interpret downloaded Money Market funds as cash" option:

You might want to check whether or not it somehow will relate to your cash assignment issues with Fidelity?

Edit: Our corresponding messages crossed each other - good suggestions!

@zoomer zzz indicates that you are using DC for your existing Fidelity accounts. I don't think you can use DC for some and EWC+ for other Fidelity accounts at the same time, at this stage - if this is so, when a Quicken a DC Fidelity account connection exists, no new accounts, either through DC or EWC+, can be added at this time. This, in turn, will explain the "no downloads" on the new EWC+ account you set up. You will need to confirm with Quicken customer service, as the situation is evolving.

 Whatever you do, do not disconnect/reconnect your working Fidelity DC accounts as yet!

@BarryGraham Yes, absolutely. The Charles Schwab EWC+ migration, like any other over the last 3 years, did not go smoothly and took some time to resolve issues, such as the solution I sent you for the question you had asked. Jointly with Schwab, Quicken opted for an account specific solution, which you had preferred. With Fidelity, we are at the beginning of this process. Many of the issues will, undoubtedly, be resolved after Fidelity will have discontinued the DC Connection option, which might come any time from a week to a month from now?