T. Rowe Price Summit Program
Earn exclusive client benefits with our complimentary tiered benefits program designed to help you invest more confidently.
Invest directly with us.
Get rewarded with exclusive client benefits.
As you save for retirement and other goals, you gain entry to more benefits to help you achieve better outcomes.
Start taking advantage of your benefits
Here’s how the Summit Program works
You’re automatically enrolled
It's simple: When you open and/or maintain a qualifying account with T. Rowe Price, you're automatically in the Program.
Gain entry to exclusive benefits
Get preferred access to certain mutual funds generally closed to new investors, lower-cost fund shares, dedicated support teams, and more.
Enjoy more with your household
We automatically combine assets held by clients in the same household for Summit eligibility—helping you and your loved ones qualify for higher tiers and more benefits.
Four tiers, expanding benefits
General, Select, Personal, and Enhanced Personal Services. Your tier is assigned based on asset level and reevaluated weekly. Enjoy upgraded benefits each time you move up to the next tier.
Maximize your benefits
Invest in something new, move existing assets, or set up an automatic investment plan. With T. Rowe Price, when you invest more for your future, you earn more valuable benefits.
Most accounts qualify for the Summit Program
To be eligible, each person in a Summit household must directly own a qualifying investment. Qualifying account types include:
Retirement
- Roth and Traditional individual retirement accounts (IRAs)
- Single-participant small business retirement plans (SARSEP, SEP-IRA, SIMPLE IRA)
- Owner-only Individual 401(k)
General Investing
- Individual
- Joint
- Trust1
- UGMA/UTMA
Enjoy exclusive Summit Program benefits
Preferred entry to lower-cost I Class shares
Fees for I Class shares are 20% lower,2 on average, than those of our Investor Class shares.
Clients with $500,000 exclusively in I Class shares would save, on average, $750 in the first year alone compared with the same amount in Investor Class shares.
Preferred access to the Capital Appreciation Fund
Closed to new investors. Open to you.
Capital Appreciation Fund earned a 5-star Overall Morningstar Rating as of October 31, 2025. The Capital Appreciation Fund is managed by David Giroux, who was selected as the 2025 U.S. Morningstar Outstanding Portfolio Manager for the Allocation category in the annual Morningstar Awards for Investing Excellence.3 4
Expert investment ideas, research, and analysis
Stay on top of market opportunities with the latest news and perspectives, thanks to complimentary access to Morningstar Premium, Kiplinger's Personal Finance, and invitation-only events.
Dedicated support for when life happens
Whether reaching a major milestone or reacting to an unexpected event, you can get support from our dedicated team, who can help you navigate life events, such as changing jobs, losing a loved one, or getting married.
Enjoy more benefits as your Summit balance grows
To see your current benefit tier, just log in to your account.
| Summit Program Benefits | General Services All investors |
Select Services $250,000 balance or more |
Personal Services $500,000 balance or more |
Enhanced Personal Services $1 million balance or more |
|---|---|---|---|---|
| $0 commission for online stock and exchange-traded fund (ETF) trading | ✓ | ✓ | ✓ | ✓ |
| Waived mutual fund account service fees for clients who elect for paperless delivery of statements and confirmations | ✓ | ✓ | ✓ | ✓ |
| Access to knowledgeable Financial Consultants and customer service representatives | ✓ | ✓ | ✓ | ✓ |
| Digital access to T. Rowe Price Insights on retirement and financial planning | ✓ | ✓ | ✓ | ✓ |
| Access to dedicated support from the IRIS events team | ✓ | ✓ | ✓ | ✓ |
| Reduced Brokerage commissions and fees (see details on Brokerage fees) | ✓ | ✓ | ✓ | |
| Preferred access to certain closed funds | ✓ | ✓ | ✓ | |
| Complimentary Morningstar Premium membership | ✓ | ✓ | ✓ | |
| Preferred access to I Class shares (minimum $50K+ per fund) | ✓ | ✓ | ||
| Complimentary Kiplinger’s Personal Finance magazine subscription | ✓ | |||
| Access to investing, retirement, and personal finance events featuring T. Rowe Price experts | ✓ |
Discover ways to earn more benefits
We made it simple for you to move up to the next tier and maximize your benefits. Invest more, benefit more.
Consolidate your retirement savings
Move old 401(k)s and existing IRAs into one easy-to-manage account to simplify your finances and potentially move up to the next Summit tier.5
Set up an automatic investment plan
Grow your balance by scheduling recurring, automatic transfers from your bank account to your existing T. Rowe Price account.
Invest for all your goals
Whether you’re looking to save for retirement or education or want to build your wealth, we have an account that fits—and can help you earn more benefits.
Frequently asked questions
What are the Summit Program Terms and Conditions?
How do I become eligible for benefits?
You become eligible for the Summit Program when you open and/or maintain a qualifying account with T. Rowe Price. As your Summit Balance grows, you gain access to higher tiers with expanding benefits.
Your Summit Balance automatically includes assets in qualifying accounts held by you and all members of your Summit household. That makes it easier for you to reach higher tiers sooner.
Summit Program Tiers:
| Tier | Minimum Summit Balance |
|---|---|
| General Services | > $0 |
| Select Services | $250,000 |
| Personal Services | $500,000 |
| Enhanced Personal Services | $1,000,000 |
What investments are included in my Summit Balance?
You can access Summit benefits with a variety of investments. Your Summit Balance automatically reflects all assets held in qualifying accounts. All members of your Summit household contribute to this shared balance unless you specify otherwise.
Access a list of qualifying accounts.
The value of these investments are totaled in your household’s Summit Balance, helping you earn access to lower-cost I Class shares, premium content, and more.
What is a Summit household?
A Summit household is comprised of one or more members, each with at least one qualifying account. Members are automatically placed in the same household based on the address of record for each account and certain other criteria. You can contact us to request changes to your household.
The assets of all members' qualifying accounts (and any authorized workplace retirement plan account balances) determine the household's Summit Balance and Summit tier. Each household member has the same Summit tier, regardless of their respective account balances.
How can the Summit Program help me qualify for I Class shares?
As you achieve higher tiers in the Summit Program, you have a greater opportunity to invest to lower-cost I Class shares. Fees for I Class shares are 20% lower,1 on average, than our Investor Class shares. If you had $500,000 exclusively in I Class shares, you could save, on average, $750 in the first year alone, compared to the same amount in Investor Class shares.
The Personal Services tier ($500,000 Summit Balance) and the Enhanced Personal Services tier ($1 million Summit Balance) offer preferred access to I Class shares of T. Rowe Price mutual funds.
The investment minimum is generally $50,000 for each qualifying fund account. If you have questions about your I Class eligibility, please contact us.
Otherwise, the minimum investment amount for I Class is generally $500,000 per fund for each account registration.
If you don't maintain the investment minimum, the shares may be converted back to Investor Class shares.
If you're in the Personal Services or the Enhanced Personal Services tiers, each ActivePlus Portfolios® account is eligible for I Class with a balance of at least $185,000, regardless of individual fund balances.
How else can we help you?
Invest in something new
Expand your portfolio or put your money to work for a new goal.
Work with an advisor
For clients with $250,000 or more in investable assets, the Retirement Advisory ServiceTM offers a personalized financial plan, investment recommendations, and access to your advisor at any time.
Questions?
Speak with one of our trusted Financial Consultants.
Monday–Friday, 8 a.m.–8 p.m. ET
1Trust accounts can be included in your Summit household if the Trustee‘s Social Security Number matches the Trust‘s Tax Identification Number and the Trustee is a natural person (non-entity). In all other scenarios, the trust account is placed in a Summit household by itself.
2As of 9/30/2025. This calculation is based on a hypothetical $500,000 investment in Investor Classes with an average expense ratio of 0.66% (for an annual cost of $3,300) versus I Classes with an average expense ratio of 0.50% (for an annual of cost of $2,500). These expense ratios are net of fee waivers. Fund expenses change over time; please refer to our mutual fund prospectuses for complete information about expenses, fees, and other information to consider before investing.
3Morningstar gives its best ratings of 5 or 4 stars to the top 32.5% of all funds (of the 32.5%, 10% get 5 stars and 22.5% get 4 stars) based on their risk-adjusted returns. The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics. As of 10/31/2025, the Capital Appreciation Fund (both Investor and I Class) rated by Morningstar received an overall rating of 5 stars. Morningstar rated the Capital Appreciation Fund 4, 5, and 5 stars among 460, 439, and 359 Moderate Allocation funds for the 3-, 5-, and 10-year periods (as applicable) ending 10/31/2025, respectively. The I Class was rated 4, 5, and N/A stars among 460, 439, and N/A Moderate Allocation funds for the 3-, 5-, and 10-year periods (as applicable) ending 10/31/2025 respectively. Past performance cannot guarantee future results.
The Morningstar Rating™ for funds, or "star rating," is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar risk-adjusted return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.
Source for Morningstar data: ©2025 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
4Previously known as the Fund Manager of the Year Award. The Morningstar Awards for Investing Excellence recognize portfolio managers and asset management firms that demonstrate excellent investment skill, the courage to differ from the consensus to benefit investors, and an alignment of interests with the strategies’ investors. The Morningstar Awards for Investing Excellence award winners are chosen based on research and in-depth qualitative evaluation by Morningstar’s Manager Research Group. Morningstar’s Outstanding Portfolio Manager Award recognizes an individual or team who has produced exceptional returns over the long term. To qualify, a manager’s strategy must currently earn a Morningstar Medalist Rating of Gold or Silver for at least one vehicle and/or share class in the appropriate asset class (equity, fixed income, or allocation). David Giroux won the Outstanding Portfolio Manager Award for the Allocation category in 2025. He previously won the Morningstar U.S. Fund Manager of the Year award for Allocation Funds in 2012, and Allocation/Alternative Funds in 2017.
5Consider all available options, which include remaining with your current retirement plan, rolling over into a new employer's plan or IRA, or cashing out the account value. When deciding between an employer-sponsored plan and IRA, there may be important differences to consider, such as range of investment options, fees and expenses, availability of services, and distribution rules (including differences in applicable taxes and penalties). Depending on your plan's investment options, in some cases, the investment management fees associated with your plan's investment options may be lower than similar investment options offered outside the plan.
Summit Program benefits may be provided through T. Rowe Price Services, Inc., or its affiliates.
T. Rowe Price Services, Inc., and T. Rowe Price Investment Services, Inc., are affiliated companies.
202509-4828719