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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 and ETFs    
Web $9.95 for accounts with more than 30 executed trades in the prior 12 months or customers who qualify for T. Rowe Price Preferred, Personal, or Enhanced Personal Services.
$19.95 for all other accounts.
$9.95 for accounts with more than 30 executed trades in the prior 12 months or customers who qualify for T. Rowe Price Preferred, 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:
  • T. Rowe Price customers who qualify for Preferred, Personal, or Enhanced Personal Services; OR
  • Brokerage accounts in which five or more commission-generating trades are executed over the previous 12-month period; OR
  • Brokerage customers who hold $50,000 or more in T. Rowe Price mutual funds.
$30 fee is waived for:
  • T. Rowe Price customers who qualify for Preferred, Personal, or Enhanced Personal Services; OR
  • Brokerage accounts in which five or more commission-generating trades are executed over the previous 12-month period; OR
  • Brokerage customers who hold $50,000 or more in T. Rowe Price mutual funds; OR
  • Brokerage Advantage customers subject to the $40 cash management service fee.
$40 cash management service fee
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.

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 and ETFs  
Web $9.95 for accounts with more than 30 executed trades in the prior 12 months or customers who qualify for T. Rowe Price Preferred, 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:
  • T. Rowe Price customers who qualify for Preferred, Personal, or Enhanced Personal Services; OR
  • Brokerage accounts in which five or more commission-generating trades are executed over the previous 12-month period; OR
  • Brokerage customers who hold $50,000 or more in T. Rowe Price mutual funds.
*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.

**$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.

T. Rowe Price Brokerage is a division of T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a BNY Mellon company, member NYSE/FINRA/SIPC.