If one of your investment holdings has been misclassified by your financial institution—such as labeling a stock as a mutual fund or a bond as cash—you can now correct the security type directly within Monarch Money. This ensures your portfolio insights, performance tracking, and asset allocation are accurate.

When Should You Use This?

You might need to change the security type if:

• A holding appears under the wrong asset class.
• The holding type impacts your net worth, investment goals, or allocation views.

This typically happens when a financial institution provides incomplete or incorrect metadata about your investment holdings.

How to Change the Security Type

Follow these steps to update the security type:

1. 1. 1. Navigate to the Account where the holding is held: Go to Accounts, then select the account with the misclassified holding(s).

      2. Find the Holding: Scroll through the list of holdings or use the search bar to locate the asset with the incorrect type.

      3. Open Holding Details: Click on the holding to open its detail view.

      4. Select “Type” Field: Look for the “Type” and select the drop-down value that best represents the type of holding.

      5. Choose the Correct Type: From the dropdown menu, select the appropriate security type:

         • Stock
         • ETF
         • Mutual Fund
         • Fixed Income
         • Cash
         • Cryptocurrency
         • Other

      6. Save Changes: Once updated, click away from the field to save it. Monarch will now reflect this corrected classification across all relevant views and calculations.

Note: Changes you make here are local to Monarch and will not affect how the asset is reported at your financial institution.

Why This Matters

Correct security classification:

• Improves the accuracy of your investment performance reporting.
• Enhances your asset allocation breakdown.
• Ensures goal projections and retirement planning tools reflect the true nature of your investments.

Things to Keep in Mind

• This change is manual, so only adjust if you're confident about the asset's actual type.
• You can revert or re-edit the security type at any time.
• If you’re unsure of a holding’s correct classification, consult your brokerage statement or reach out to your financial institution.
• If a holding is showing as inflated, change the type to “Fixed Income” and it should fix the issue.