TRP broker Accounts

T. Rowe Price Account Type

Rowe Price offers a variety of account types tailored to different investment needs. These include:

Taxable Brokerage Account: Allows you to buy and sell a wide range of investments including stocks, ETFs, and mutual funds. There are no contribution limits or mandatory withdrawals.
Brokerage IRA: Includes Traditional, Roth, and Rollover IRAs which provide tax advantages for retirement savings. Contributions may be tax-deductible for Traditional IRAs, while Roth IRAs allow for tax-free withdrawals in retirement.
Brokerage Inherited IRA: For managing inherited assets from a traditional or Roth IRA.

Individual Mutual Fund Account: Opened by a single owner to invest in T. Rowe Price mutual funds.
Joint Mutual Fund Account: Allows multiple owners to invest together in mutual funds.
Custodial Accounts (UGMA/UTMA): For transferring assets to minors under custodial arrangements.

529 College Savings Plans: Tax-advantaged accounts designed to save for education expenses.

　　Opening a brokerage account with T. Rowe Price is straightforward and can be completed online in about 10 minutes. Here are the steps involved:

　　Choose Account Type: Decide whether you want a taxable brokerage account, a traditional IRA, a Roth IRA, or any other type of account offered.
　　Provide Personal Information: Fill out the required personal details including your name, address, date of birth, and Social Security Number (SSN).
　　Verification: Upload a government-issued ID (like a passport or drivers license) and proof of address (such as a utility bill) for identity verification.
　　Fund Your Account: There is no setup fee, but a minimum initial investment is required:

Start Trading: Once your account is funded, log in to the T. Rowe Price website, navigate to the "Transactions" section under "My Accounts," and you can begin trading stocks, ETFs, options, or mutual funds.

　　For further assistance, T. Rowe Price provides customer support at 1-800-341-1211.