Like many Portfolio123 users, I have been a long-time client of Folio Investing. Unfortunately tomorrow will be their last day as a service for self-directed investors, and they are transferring their assets to Interactive Brokers.
IB, for their part, says that they will implement similar functionality to folios later this year. But grouping stocks in a single account is already available to users of Portfolio123’s Manage section.
However to do it you need to be sure to get some info from Folio while you still can. I don’t know if we’ll be able to log in on Thursday morning to get this stuff, so you might want to take a few minutes today or tomorrow.
The stock groupings are in one of two places. First, if you haven’t made any trades this month then you can pull your most recent monthly statement, which has the complete folio contents. It is available from their Statements & Tax Records link on the Monthly Statements tab. This is a single download but is not terribly convenient for the rest of this because it’s a PDF.
Second, you can go to the individual folios and download the holdings. Just go to the folio Holdings page and hit the download button.
This will get you the positions in each folio. That can be used to create a manual strategy in the Manage section, but we might be able to do a bit better.
First, as far as I can tell, the site includes transactions for each account back to 1/12/2016 as of today. (Or “five years”.) If your Folio account was created after this then you should be able to grab a complete transaction list for the account by selecting Transaction History on their site. I have been a customer for longer than that, but I assume that you can use that to import a transaction history in a Manage Account strategy with little modification.
But if you are a long-time customer like me then you will have to make do with importing only the cost basis of your account’s holdings. That can be found on Folio’s site by going to Statements & Tax Records and then going to Tax Records. At the bottom of that page is Unrealized Gains/Losses for each accounts. Download those spreadsheets.
You now need to do two things with those unrealized-gains spreadsheets. First, get a cup of coffee and divide those tax lots into your individual folios. There’s probably an automated way of doing that using the downloaded positions from earlier, but truthfully it’s only likely to be painful for those stocks that are in more than one folio (or, I suppose, for extremely long folios).
Second, add a column to the divided list of lots that is headed Transaction. Fill the rows downward with BUY.
Having done that create a manual strategy in a Manage account for each of the old folios. One of the options upon its creation is to initialize with transactions. You should be able to paste your tax lots (and the BUY value) and the strategy should recognize them as purchase transactions.
You’ll also need to add enough cash in your Manage account to cover the total value of equities and cash in the account.
Anyway, as I said, I have no idea whether we’ll be able to get this info after tomorrow afternoon, so I would suggest grabbing the sheets and forms while you still can.