Hi Mark,
I am consolidating some holdings at two brokerage firms that assign their mutual funds separate account numbers, For simplicity I have rolled them into a brokerage accounts at the same firm.
FM is recording this as a transfer out of the existing holding and a transfer in to the new holding. Unfortunately this does not carry across the cost basis. what are the draw backs to replacing the old account number in the existing holding with the new account number? (I foresee that reconcile will not work properly) Do you have any other recommendations?
Thanks,
Jason