A step closer to treating sweep account as cash for Vanguard?

Geobrick · December 7

I'm now seeing the "Treat this money market as cash" option under the 'Online Services' tab of 'Account Details' for my Vanguard accounts. I don't remember that showing up for Vanguard accounts in the past so it makes me thing we may finally be getting the choice to choose how we want to treat money market sweep accounts at Vanguard (like we've been able to do with Fidelity forever).

While I can see the option and the ability to set/edit and customize the option, I'm not able to choose VMFXX from the drop-down window and can't see how I would be able to add something to that drop-down list or just type VMFXX as the 'Money Market Fund used in this account'.

If anyone knows how to get VMFXX onto that drop-down list let me know. Maybe it can't be done yet. This may just be the first step to being able to choose for ourselves how the sweep funds are treated. It may require Vanguard to do something on their end, but it seems that this is something Quicken can do on their own.

Can't wait for the day where I no longer have to convert Money Market ReinvDiv transactions to Div transactions.

Quicken Kristina · December 8

Hello @Geobrick,

Thank you for reaching out! I am not aware of any way to manually add securities to that dropdown. Based on the information icon, it should show securities with a $1 per share price and a positive value, as reported online.

Does VMFXX meet those criteria?

I look forward to your reply!

Chris_QPW · December 8

https://community.quicken.com/discussion/comment/20526613#Comment_20526613

Yes, VMFXX has a fixed NAV of $1. So, by the criteria given it should show up on the list. I might say that though there seems to be more going on behind the scenes that the developers aren’t mentioning.

One thing that comes to mind is how do they know a given security has a NAV of $1? And also do they require it to reported as a mutual fund? I would think the answer to those questions are in the “summary” part of the Downloaded transactions/security information.

Quicken Kristina · December 9

Hello @Chris_QPW,

Thank you for confirming that VMFXX should meet the criteria. I forwarded this to the proper channels for further investigation.

Thank you!

(CTP-15632)

Bob_L · December 9

Curious. Why are you having to change reinvdiv transactions to divs?

ocheyette · December 13

I've been hoping for a solution to this for a long time. Every transfer out requires manually selecting "average cost". I hoped when the new "treat as cash" feature showed up that it would fix the issue, but as the OP says it doesn't display VMFXX as an option and doesn't automatically identify it as the cash sweep account either.

It's not like Vanguard is a bit player either.

Geobrick · December 16

https://community.quicken.com/discussion/comment/20526757#Comment_20526757

Because I prefer to see money market funds as cash and have them show up in the linked cash account in Quicken. Manually changing the ReInvDiv to just Div and deleting any Buy or Sell transactions of the Money Market Sweep funds accomplishes that.

It's something we've been able to do with Fidelity for years and I've been requesting Quicken offer this option for other brokerages as well. The small change I noticed leads me to believe they might be on the path to offering us this option.

Geobrick · December 16

While it seems that quicken developers are on the path to letting us choose how to treat money market funds, it wouldn't hurt to cast your vote on my suggestion from two years ago.

https://community.quicken.com/discussion/7943516/let-users-choose-how-money-market-transactions-are-treated

Geobrick · December 19

Has anyone else seen the "Treat this money market as cash" option under the 'Online Services' tab of 'Account Details' for their Vanguard accounts?

It's still not letting me choose VMFXX from the drop-down list the same way SPAXX is listed when looking at the same settings under Fidelity accounts.

I've discovered a few more things related to this new feature, and I'll put it in my next comment on this thread.

Geobrick · December 19

What I've discovered so far related to this topic.

It's a new feature shown under the release notes for Version R65.15 (US Versions, November 2025).
"Investments: NEW - A new customization option that allows you to specify how Quicken handles Money Market Funds (MMF) in a brokerage account. You can now override the default behavior and specify whether to treat the MMF as Cash or a Position, and also adjust the way the associated Cash Balance is calculated"

While still not able to select SPAXX in my Vanguard accounts, I can choose 'FDRXX' in my Fidelity 401k accounts.
Here's some screenshots showing how the new feature looks and a comparison of the look between a Vanguard and Fidelity account.

First, when you open the 'Online Services' tab of 'Account Details' of your investment account, you'll see the "Treat this money market as cash" option.

Here's what it looks like when you click "Set/Edit" on a Fidelity 401k account, and you click on "see list of funds". (I don't know how to shrink the image).

Note at the bottom where it lists the funds considered for treatment as cash. It doesn't include FDRXX (though for some reason includes SPAXX and this is a Fidelity account).

When you then click "Customize", it looks like this:

And you can see FDRXX in the drop-down list. The following screen shots shows what happens after you select a Fund (I've erased the amounts from the image).

For my Vanguard account, I'm not seeing the exact content in the dialog box. It's missing the sentance about proposed funds to be treated as cash and there's no link to list them. It looks like this:

Clicking customize for this account doesn't allow selecting SPAXX or any other fund.

I'm sure this will eventually be fixed in a future update. This will make using quicken much easier for me.

Geobrick · December 22

I'm no longer able to edit my last post but I realized I typed SPAXX several times when I really intended to write "VMFXX". This makes the post above very confusing so if there's a way to enable editing for the post, let me know and I'll fix it (and delete this one).

The point I was trying to illustrate with screenshots is that the new feature seems to work well with fidelity accounts but hasn't been fully implemented in Vanguard accounts. I'm not able to choose VMFXX as the Money Market Fund to treat as cash in my Vanguard accounts. The Fidelity accounts work fine with this new feature (SPAXX and FDRXX are selectable in their brokerage and 401k accounts).

Geobrick · December 22

I updated to R65.29 today and I'm still not able to select VMFXX as the fund to treat as cash in my vanguard account. I was hopeful because the release notes say, "Fixed issues in the wizard used to set cash treatment for money market funds in downloaded investment accounts. If you see a cash balance mismatch, re-run the wizard from Edit Account/Online Services." but whatever that fix was, didn't help with being able to choose VMFXX from the dropdown list.

Quicken Kristina · December 22

Thank you for the follow-up,

I checked the CTP to verify if they expected this update to resolve the issue. The CTP is still open and ongoing. No new updates are available yet.

Thank you!

Geobrick · December 22

https://community.quicken.com/discussion/comment/20528842#Comment_20528842

Is there a way to re-enable the edit option for my Dec 19th post? I'd like to replace "SPAXX" with "VMFXX" so it makes sense.

A step closer to treating sweep account as cash for Vanguard?

Comments

Categories