Quicken 2011 - Fund Changes Name

The fund name is editable (in Q 2011) in Investing>>Security List. Right click the security>>Edit. The name is the first field in the pop-up. You can leave the symbol the same.

Hi, JCO.

In the Investment Account Register, click Enter Transactions and choose Corporate Name Change.

RC

-- -- R. C. White, CPA San Marcos, TX snipped-for-privacy@grandecom.net Microsoft Windows MVP (2002-2010) Windows Live Mail 2011 (Build 15.4.3508.1109) in Win7 Ultimate x64 SP1

I have a mutual fund that changed names. Everything else is the same. When I view my listings, I need to have the name change take place in January of this year. Thanks

"JCO" wrote in news:is89eg$l9a$ snipped-for-privacy@speranza.aioe.org:

I suggest making a $0.00 transaction with payee and/or memo field reading: "Fund name changed from X to Y on this date". Then adjust the name to the new name, so future tranactions downloads will work.

When I go to the fund and Enter Transaction, I have the option "Mutual Fund Name Change". This actually asks me what date to make the change on. However, it changed the name on all past history too. So this does the same as if you go to the Security page and simply edit the security name.

I know, once before, I was prompt to answer the question.... "Name change applies to all history or from this point on", but this question was never asked. I will try to read up again.

Any other suggestions would be great? JCO

Hi, JCO.

In the Investment Account Register, click Enter Transactions and choose Corporate Name Change.

RC

-- -- R. C. White, CPA San Marcos, TX snipped-for-privacy@grandecom.net Microsoft Windows MVP (2002-2010) Windows Live Mail 2011 (Build 15.4.3508.1109) in Win7 Ultimate x64 SP1

I have a mutual fund that changed names. Everything else is the same. When I view my listings, I need to have the name change take place in January of this year. Thanks

"JCO" wrote

Not quite.

The "Corporate Name Change" (or "Mutual Fund Name Change" for a Single Mutual Fund account) will put a reminder transaction for the name change in your investment account register(s) with the date of the name change (that's why Quicken has you enter a date). Modifying the name in the Security List will not enter any reminder transaction(s), though you could do it manually ... in every account where the security might be held.

I've never seen this question/option.

I don't think what you're asking for is a good idea.

Regardless of when the name change took place; in the real-world, all shares of that security now have the same name ... no matter whether they were purchased before or after the name change.

If you do what you are trying to do, you will have two securities in Quicken for the same real-world security.

If you download to the account, you'll get offered "placeholders" (Adjust Share Balance transactions) every time you download, since your financial institution will only be downloading holdings for a single security.

And if those "two" securities are held in the same real-world account, and you want to sell all your shares in that account, it will take two Quicken transactions to do it ... while it would normally take only one transaction in the real-world.

The only way I know to get what you're asking for is to change the security name on individual transactions. But since you seem to have a Single Mutual Fund account, that's not an option either, since a Single Mutual Fund account can only hold one security (one security name).

I've had this occur many times over the years, both with mutual funds and stocks.

The best way I've found to deal with this is to set it up as a corporate aquisition (stock for stock), and using a 1 for 1 exchange ratio.

It has the benefit of using the "correct" name on before and after reports, and preserves tax basis information on a lot by lot basis. The only downside I've found is this will generate a single "remove" shares transaction and a multiplicity of "add shares" transactions as it adds shares back in under the new name, lot by lot.

A word of caution -- double check that your data is correct beforer you hit "enter". Correcting an error that occurred beforre the name change is a pain.

Others may have a better way, but that is how I've done it.