T. Rowe Price Account Types

• Rowe Price offers several types of brokerage accounts to cater to different investment needs:
• Taxable Brokerage Account:
• Minimum Initial Investment: $2,500
• Commission: $0 for online stock and ETF trades; $9.95 for representative-assisted trades for select customers.
• Features: Allows trading of stocks, ETFs, mutual funds, and options.
• Brokerage IRA:
• Minimum Initial Investment: $1,000
• Commission: $0 for online stock and ETF trades; $9.95 for representative-assisted trades for select customers.
• Features: Designed for retirement savings with tax advantages.
• Joint Tenant Accounts:
• Minimum Initial Investment: $2,500
• Commission: Same as the taxable brokerage account.
• Features: Allows two or more individuals to share ownership of the account.
• Trust Accounts:
• Minimum Initial Investment: $2,500
• Commission: Same as the taxable brokerage account.
• Features: Holds assets for the benefit of a third party.
• Custodial Accounts:
• Minimum Initial Investment: $2,500
• Commission: Same as the taxable brokerage account.
• Features: Managed on behalf of a minor until they reach adulthood.

T. Rowe Price Broker Account Opening Process

Opening a brokerage account with T. Rowe Price is a straightforward process that can typically be completed in about 10 minutes. Here are the steps:

• Choose an Account Type: Decide on the type of brokerage account that best suits your investment needs (e.g., taxable, IRA, joint, trust).

• Fill Out the Application: You can apply online by providing personal information such as:

• Full name
• Address
• Social Security number
• Employment details
• Tax filing status
• Fund Your Account: There are several options to fund your account:
• Electronic Funds Transfer: Link your bank account for easy transfers.
• Check: Mail a check to fund your account.
• Wire Transfer: Quick transfer of funds directly from your bank.

• Start Trading: Once your account is funded, log in to the T. Rowe Price website or mobile app to begin trading stocks, ETFs, options, or mutual funds.

• Manage Your Account: Use the account dashboard to view your investments, monitor performance, and make adjustments as needed.

For more information, visit T. Rowe Price Brokerage Accounts.