Updating Prices/Balances

[rm_organ]

Mark,

I have some 401(k)'s (in supported brokers) that have non-publicly listed fund options (meaning either no ticker or price data that doesn't truly match up with underlying ticker).

Is there anyway to still utilize automate pricing these funds - meaning, the ability to just download pricing for these funds on a daily basis? I have not tried transactions for these, though I'm sure they will work. Historically I've utilized a $1 price for these and then quarterly just did +/- dividends to get to my new balance. However, most times, there is no transaction activity and it would be nice to do an auto-load of prices rather than having to manually enter them. I'm hoping that since the data is there, and FM has access to the broker data that there is a solution that I'm just not seeing.

Thanks,

Bob

[Mark]

Hi Bob,

Where are you thinking of automatically getting the pricing data from? The broker? The broker's OFX files don't have pricing data, other than pricing associated with each transaction. If the symbol isn't available on any of our supported quote servers, then your other options are to import from some other source, or manually update. You can't retrieve the price from the broker.

You can look on the supported quote servers, and see if they offer the quote you need. I'm guessing not for these particular 401ks, but you can look. Here is the list of quote servers we support:

http://www.fundmanagersoftware.com/intrtv.html

[rm_organ]

No, I was hoping there was a way to grab (just) the price from the broker - somehow "scraping" the data from their website. I knew none of the services would have it.

I see you can do (an initial) load of positions when setting up a new portfolio which presumably includes a price. I don't suppose one could consistenly load in "current postion" which would then have price data associated with it? Essentially this would be continually loading in a snapsot of current value at the fund complex.

(I figured I was reaching a bit here, but thought I'd ask.)

[Mark]

Hi Bob,

You have a good point, we hadn't considered before. What I said previously was incorrect. There are prices supplied from the broker when you get current positions. Maybe we could add an option "Update Pricing" when you reconcile from a retrieved broker/fund company statement. Thanks for the idea, I'll put this on the list to consider adding into an update.

[rm_organ]

Probably seems odd, but each one of mine and my wife's accounts has some of these "non-public" options which makes updates tricky and therefore less timely. So, this would be big plus, though realizing it might be for a limted nunmber of users.

However, if you were to consider, I'd ask not to just make it part of the reconciliation process, but rather an option for getting prices in general. Most of these sites offer the ability to type in a date and get values as of that date.

Thanks for considering.