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:
|
$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 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:
|
|
*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.
**$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.
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