If you wanted to move all of the investments in an account, there are easier ways.
Cal
How do I do this please ?
To move all of the investments from one account to another account is to just Rename the account, and change the details Right-click the account name from the Account List, and choose SeeAccountSettings.
-------------If you are not downloading transactions, you can stop right there.--------------
If you are downloading transactions, such as with PocketSense, the following should work for you. I wrote that when the built-in OFX downloads were working, but the same thing should apply if using PocketSense. ACATS is the system that gets used to transfer
securities from one broker to another.
Keep copies/backups at various points in case you want to undo
something.
What I would want to do is to ultimately rename the old account to
match the new account, and change the other data also. That is to
say, I would not use Money's transfer out and transfer in function.
This keeps the basis and acquisition dates easy to follow. Others
might make a different choice.
The basic thing that will happen is that the old account will have
an initial ACATS transfer out of each holding, and the new account
will have a corresponding transfer in of each holding. However the
old account will continue to receive dividends for maybe a month or
two. Each week, there may be another ACATS transfer of any cash if
some was paid.
As soon as you see the ACATS transfers out of the old account, I
would disable the account in question for online access. If I saw
those transactions downloaded, I would delete the statement (right
click on AccountList where it says you have TransactionsToRead.
Disable the account for online access. Change the name and numbers
on the account. Set up the account for the new broker.
Expect to receive a bunch of ACATS transfers in. Void each, since
you never transferred out the holdings.
Keep checking back at the old account via web. Hand enter any
dividends and interest into the account. When the proceeds
transfer in, Void those too.
A variation is to keep a copy of your file downloading from the old
account. That would serve to record transactions so you could
refer to it. But the old broker will keep your old account
accessible by web for a good while, including long enough to be
able to download 1099s for next tax season.
move an investment to a different account
