Use the table below to compare the features of the three types of Brokerage accounts T. Rowe Price offers.
| Regular Accounts | ||
| Brokerage | Brokerage Advantage | |
| Description | Standard Investment account | Premium Relationship account |
| Summary | Designed for clients investing in individual securities and mutual funds | Designed for investors who seek to manage all of their investments through a single account. Identically registered T. Rowe Price funds are automatically transferred into your Brokerage Advantage account, putting all of your investments into one easy-to-manage account with a single login and password for quick Web access. |
| Minimum Initial Investment | $2,500 | $10,000 |
| Primary Features | ||
| Individual Security Trading | Yes | Yes |
| Mutual Fund GatewaySM | Yes | Yes |
| Access to Research and Information | Yes-online and offline | Yes-online and offline |
| Consolidated Statement | Yes | Yes |
| Margin and Options Trading Available* | Yes | Yes |
| T.Rowe Price Funds Held in Account | No | Yes |
| Cash Management | ||
| Checking | $500 per check minimum | No per check minimum |
| Visa Gold ATM and Debit/Check Card | No | Yes |
| Secured Credit Line** | No | Yes |
| Commission Rates for Stocks: | ||
| Web | $12.95*** For accounts with more than 30 executed trades in the prior 12 months or customers who qualify for T. Rowe Price Personal or Enhanced Personal Services $19.95*** For all other accounts |
$12.95*** For accounts with more than 30 executed trades in the prior 12 months or customers who qualify for T. Rowe Price Personal or Enhanced Personal Services $19.95*** For all other accounts |
| Representative | See commission schedule | See commission schedule |
| Tele-Trader | $35.00*** | $35.00*** |
| Minimum Investments for Non-T.Rowe Price Funds*** | ||
| Initial | $5,000 | $5,000 |
| Subsequent | $1,000 | $1,000 |
| Systematic | $100 | $100 |
| Annual Account Fees | $30 fee is waived for:
|
$30 fee is waived for:
Annual service fee will be charged in the anniversary month of the account opening to any account using debit card or checkwriting services. |
*Margin and options trading involve greater risk and are not suitable for all investors.
**Secured credit line for checking and Visa Gold ATM and check card. Available for customers who have been approved for a margin account. Margin trading is available for standard Brokerage accounts, however, it does not provide secured credit for cash management features. Margin trading involves greater risk and is not suitable for all investors.
***Per trade for up to 1,000 shares, plus $.02 per share thereafter.
****Or fund minimums, whichever is higher. Minimum initial investment must be met before a systematic investment program can be established.
**Secured credit line for checking and Visa Gold ATM and check card. Available for customers who have been approved for a margin account. Margin trading is available for standard Brokerage accounts, however, it does not provide secured credit for cash management features. Margin trading involves greater risk and is not suitable for all investors.
***Per trade for up to 1,000 shares, plus $.02 per share thereafter.
****Or fund minimums, whichever is higher. Minimum initial investment must be met before a systematic investment program can be established.
| IRA Accounts | ||
| Brokerage IRA | ||
| Description | Standard investment retirement account | |
| Summary | Designed for clients investing in individual securities and mutual funds | |
| Minimum Initial Investment | $1,000 | |
| Primary Features | ||
| Individual Security Trading | Yes | |
| Mutual Fund GatewaySM | Yes | |
| Access to Research and Information | Yes-online and offline | |
| Consolidated Statement | Yes | |
| Options Trading Available* | Yes | |
| T. Rowe Price Funds Held in Account | No | |
| Commission Rates for Stocks | ||
| Web | $12.95** For accounts with more than 30 executed trades in the prior 12 months or customers who qualify for T. Rowe Price Personal or Enhanced Personal Services 19.95** For all other accounts. |
|
| Representative-Assisted | See commission schedule | |
| Tele-Trader | $35.00*** | |
| Minimum Investments for non-T. Rowe Price funds**** | ||
| Initial | $1,000 | |
| Subsequent | $500 | |
| Systematic | $100 | |
| Annual Account Fees | $30 fee is waived for:
|
|
*Certain restrictions apply. Please call an account representative at 1-800-638-5660 if you would like to trade options in your IRA account. Subject to T. Rowe Price Brokerage approval.
**Per trade for up to 1,000 shares, plus $.02 per share thereafter.
***$35.00 per trade for up to 1,000 shares, plus $.02 per share thereafter.
****Or fund minimums, whichever is higher. Minimum initial investment must be met before a systematic investment program can be established.
**Per trade for up to 1,000 shares, plus $.02 per share thereafter.
***$35.00 per trade for up to 1,000 shares, plus $.02 per share thereafter.
****Or fund minimums, whichever is higher. Minimum initial investment must be met before a systematic investment program can be established.
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