Merging Investment Accounts

Mike V.'s Avatar

Mike V.

23 Feb, 2021 03:04 AM

I have moved all investments in kind from one account to a different account within the same brokerage. How do I do that in Moneydance?

Thanks.

  1. 1 Posted by dtd on 23 Feb, 2021 03:23 AM

    dtd's Avatar

    Maybe I don't understand the question, but could you just rename the account and if the numbers are different do that in account/edit?

    just a user

  2. 2 Posted by Mike V. on 23 Feb, 2021 03:28 AM

    Mike V.'s Avatar

    Fidelity Broker, Account1 and Account2. Move all the investment items in Account1 into Account2, delete Account1. Not sure how renaming would work.

  3. 3 Posted by dtd on 23 Feb, 2021 03:36 AM

    dtd's Avatar

    I wouldn't move all the investment items. Investment accounts are often problematic in doing things like that.

    Renaming Account1 to be Account 2 seems simpler to me. (And yes, name, number, etc. would be necessary.

    Make a backup before you begin either.

  4. 4 Posted by Mike V. on 23 Feb, 2021 03:49 AM

    Mike V.'s Avatar

    I have already merged the two accounts. Account2 now contains all the original investment items that were in Account2 plus all the investment items moved from Account1.

    If I rename Account1 to be the same name as Account2 in Moneydance, won’t
    I just have two accounts with the same name but not reflecting the single merged account?

  5. 5 Posted by dtd on 23 Feb, 2021 03:54 AM

    dtd's Avatar

    I thought you said you'd created a new account2 and were moving everything there was in account1, if there is a commingling of two different existing accounts, then it sounds like you are doing the right thing.

    Knowing now what you just said, your earlier messages make more sense to me.

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