By downloading information from your broker you provide Investaware with information about your portfolio. The download includes both activity (such as trades, dividends, cash transfers) as well as position information.
Investaware supports 2 formats. One is the OFX standard (which is also known as the “Quicken” format) as well as files specific to Merrill Lynch. While it is your choice which format to use, once you start importing with one format, you cannot switch.
The steps for importing into Investaware are the same:
- Download the file from your broker’s website onto your iPad.
- Using Investaware’s import button, select the file and tap “Open”.