Does Moneydance+ support investment accounts?

monty's Avatar

monty

18 Apr, 2024 02:12 AM

I see Plaid has support for Robinhood and Schwab. Searching the forums I saw that a coule years ago moneydance+ did not support investment transactions. Does it support it now?

Is there a list of brokerages that are supported? Unfortunately TD Ameritrade is being subsumed by Schwab and I have lost OFX capabilities. I did find a manual process to convert a csv to qif / ofx but it is somewhat painful. Likewise for Robinhood.

Thanks,
Bryan

  1. 1 Posted by dwg on 18 Apr, 2024 02:18 AM

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    Yes Moneydance+ has support for Investment accounts.

    There is no look up function in Moneydance to advise what institutions are supported.

    You can, sign up for the Moneydance + trial, sign up at Plaid for an account that you can use for searches or perhaps an existing user would be kind enough to look these up for you. I am aware Schwab is supported, they in fact were an organization that advised TIK to use an aggregator.

  2. 2 Posted by dtd on 18 Apr, 2024 04:20 AM

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    Schwab is supported by MD+.

    Fidelity is not supported by MD+ (long story) but continues to work with OFX direct connect.

    Vanguard works with OFX direct connect (and since I use OFX whenever possible, I cannot report as to MD+),,, did just do a lookup and vanguard.com is listed.

    Can't speak to others.

  3. 3 Posted by Greg on 24 Apr, 2024 12:35 AM

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    What is that long story about Fidelity? I just bought Moneydance and subscribed to Moneydance+, and most of my investments are in Fidelity, so I'm rather annoyed.

  4. 4 Posted by dtd on 24 Apr, 2024 12:44 AM

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    Be annoyed at Fidelity.

    The move to aggregators has caused many banks to drop OFX... (Fidelity still supports OFX for now, but I expect it to disappear at some point)

    Plaid is the aggregator that MD+ uses to get data from banks no longer supporting OFX... for me, like Schwab, USAA, Chase... I do use OFX first if at all possible, so Fidelity still works for me, but if they drop OFX.... :(

    Fidelity is fighting with most aggregators as they want users to use the aggregator Akoya, which Fidelity basically owns and wants to insist users use instead of other aggregators.

    That's the short version of the long story.

  5. 5 Posted by dwg on 24 Apr, 2024 12:47 AM

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    Paraphrased answer

    Fidelity are forcing everyone including other aggregators to go through a second rate aggregator that they have an ownership position in and pay through the nose for the privilege.

    Not surprising some are refusing to do so.

    Without laws to force institutions to make data available they can do whatever they want.

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