Vanguard account numbers


T

The Michael

And having the ability for Quicken users who have already gone through this
pain and post their experiences and the fact that Vanguard, on demand, will
change the account numbers, certainly DOES help Quicken users.
glad we could be of help.
 
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5

540i6

Doug Ellice said:
all.

I'm sorry, but one problem with newsgroups as opposed to CompuServe is
that messages don't have serial numbers. I'll go looking in a minute
for the reply you are talking about, and hope I find it.

But what's your problem? I'm not the only person here to report this
issue. It isn't like I'm doing something wrong. Admittedly, only a few
people will run into this, because only a few people will have more than
one Vanguard account. In my case, I have three: a traditional IRA, a
Roth IRA, a SEP-IRA. (The one non-IRA account I have at Vanguard is JT
with my spouse, so that does not enter into it, because that has a
different "form of ownership".)

And it IS a Quicken matter, because for Quicken to download the
transactions it needs the several investment positions in each account
to have a common, unique, "account number".

Vanguard eventually acknowleged to me that their normal numbering
practice does pose this problem for Quicken users, and they manually
adjusted my "account numbers" so that Quicken would no longer be confounded.

Sorry to have bothered you with all this.
Doug
Here is another way that Vanguard screws up account numbers:

1. Exchange a number of shares from fund A to fund C, where I have never
owned any shares of fund C.
2. Vanguard creates a new account with the same number as fund A,
prefixed with their code for fund C.
3. Exchange a number of shares from fund B to fund C.
4. Vanguard creates a brand new account number for these shares,
prefixed with their code for fund C (does not use the account created in
step 2).

I now have two accounts with shares of fund C. Only a Vanguard rep can
correct this problem without causing a possible taxable event.

If I had waited until the next day to do step 3, the new fund C account
would have been in place and not caused a problem.

This has happened to me several times.

-Jim
 
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D

Doug Ellice

540i6 said:
Here is another way that Vanguard screws up account numbers:
1. Exchange a number of shares from fund A to fund C, where I have never
owned any shares of fund C.
2. Vanguard creates a new account with the same number as fund A,
prefixed with their code for fund C.
3. Exchange a number of shares from fund B to fund C.
4. Vanguard creates a brand new account number for these shares,
prefixed with their code for fund C (does not use the account created in
step 2).

I now have two accounts with shares of fund C. Only a Vanguard rep can
correct this problem without causing a possible taxable event.

If I had waited until the next day to do step 3, the new fund C account
would have been in place and not caused a problem.

This has happened to me several times.

-Jim

Thanks for adding to the discussion. I, too, have found yet another
Vanguard Account Number Perversity (VANP).

Vanguard brokerage accounts get TWO account numbers: one for the equity
positions, and another for any mutual funds, including Money Market
(sweep) funds. Quicken, of course, thinks of these as ONE account (with
a linked "checking account" of the same number.)

I have not yet figured out a solution. Maybe in this case I need to
force Q to follow the Vanguard system: create a primary brokerage
account and a second, unrelated as far as Q is concerned, mutual fund
account. Maybe auto-update will keep their balances correctly, and
Quicken never need worry its pretty little head about the fact that the
two accounts have anything to do with each other.

Doug
 

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