The Holdings Transfer Wizard is designed to help you transfer holdings, along with the cost basis of each holding, from one account to another. The wizard will create deliver-out transactions for the source account and deliver-in transactions for the target accounts.
To transfer holdings using the wizard, do the following:
In the Import window, click Holdings Transfer Wizard.
Select the source client and account from which you want to transfer holdings.
Select one or more holdings that you want to transfer.
Select the target client and account to which you want to transfer holdings.
Click Next. The Tax Lots dialog box for each holding will appear.
Select the lot, enter number of shares you want to transfer out in the Selected Shares field, then click OK.
After you go over all the Tax Lots dialogs, the Transfer Holdings blotter will be launched automatically.
Review all the generated transactions.
Select the transactions and click Post.
Close the Transaction blotter to exit.
Note: All non-posted transactions on the blotter will be lost.
Important Note: The wizard does not work as expected for Split transaction types. The wizard transfers the pre-split basis, as opposed to the current basis reflected after the split transaction.
To determine if you have any Split transaction types in the Source account, follow the steps below:
Go into the Source account.
Click on the Transaction tab.
Sort the Transaction Type column and look for any Split transaction types.
Make note of any securities that have a Split transaction type that also still have shares in the account on the Transfer Date used in the Holdings Transfer Wizard.
To manually fix the per share cost basis in the Target account, follow the steps below after you have run through the wizard.
Go into the Source account and run an Unrealized Gain/Loss report as of the Transfer Date used in the Holdings Transfer Wizard.
Find the security in question on the report and make note of the unit cost.
Go into the Target account.
Edit the Deliver-in transactions for the security in question and change the Per Share Cost Basis amount to reflect what was on the Unrealized Gain/Loss report for the Source account.