By keeping your costs low, you can keep more of your money invested and working for your goals. That’s the value you can expect from T. Rowe Price Brokerage.
Stocks/ETFs1
Online |
Representative-Assisted |
|---|---|
$0 commission on all stocks and ETF trades.
|
$9.95 per trade for customers who qualify for the Enhanced Personal Services tier of the T. Rowe Price Summit Program. $25.00 per trade for all other accounts. $0 commission on transactions for T. Rowe Price ETFs. |
Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.
Please see below for additional information on fees and commissions.
Options1
Online |
Representative-Assisted |
|---|---|
$9.95 plus $1 per contract for customers who qualify for the Select Services tier and above of the T. Rowe Price Summit Program $19.95 plus $1 per contract for all other accounts. |
$34.95 plus $1 per contract.
|
Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.
Please see below for additional information on fees and commissions.
Mutual Funds/UITs
Non-T. Rowe Price Funds: Fees
| No-transaction-fee (NTF) Funds2 | Transaction-fee Funds2 | Load Funds and UITs |
|---|---|---|
| No charge.3 | $35.00 | Load funds: No new purchases allowed—subsequent purchases and redemptions only. Subsequent purchases and redemptions subject to any applicable stated load.4 UITs: No new or subsequent UIT purchases allowed—redemptions only. |
Please see below for additional information on fees and commissions.
Short-Term Trading Fee
T. Rowe Price Brokerage charges a short-term trading fee equal to the greater of $50 or 1%, not to exceed $250, for no-load, and certain load, no-transaction-fee fund shares held for less than six months. A short-term trading fee of $5 applies to those shares purchased systematically and held for less than six months. These fees are in addition to any redemption fee that a particular fund may charge. Short-term trading fees do not apply to T. Rowe Price funds; however, investors violating the T. Rowe Price fund excessive trading policy may be restricted from future purchases, as disclosed in the fund’s prospectus.
Non-T. Rowe Price Funds: Investment Minimums
Initial Investment |
Subsequent Investments |
Systematic Investments and Redemptions |
|
|---|---|---|---|
Brokerage Account |
$5,000 |
$1,000 |
$100 |
Brokerage IRA Account |
$1,000 |
$500 |
$100 |
Bonds/CDs
| Bonds | |||||
|---|---|---|---|---|---|
Treasury Auctions |
Treasury Bills | Agency (FNMA, FHLMC), TIPS, Treasury and Coupon Notes and Bonds, Treasury 0% Coupon Bonds |
GNMAs and CMOs* (Minimum of $25,000) |
Corporate Bonds | Municipals (Minimum of $5,000) |
| $50.00 | $50.00 | $1 per $1,000 Bond* | $1 per $1,000 Bond* | $5 per $1,000 Bond* | $5 per $1,000 Bond* |
*Subject to a $35.00 minimum / $250 maximum. (Effective January 1, 2018—T. Rowe Price will not accept new CMO purchases).
| Certificate of Deposits (CDs)5 (Minimum varies by issue) |
|---|
| CDs purchased at par ($1,000) |
Precious Metals (Sale Transactions Only)6
| Gold, Silver, Palladium, and Platinum | ||||
|---|---|---|---|---|
| Quantity (PV) | $0—$9,999 | $10,000—$49,999 | $50,000—$99,999 | $100,000 and over |
| Commission6 (PV x %) | 2.5% | 2.0% | 1.5% | .75% |
Commissions for precious metals, bonds and CDs are for representative-assisted trading and can be traded by calling 1-800-225-7720.
Please see below for additional information on fees and commissions.
Brokerage Service Fee
Annual Account Maintenance Fee |
|
|---|---|
| $30 | This fee is waived for:
|
Miscellaneous Fees |
|||
| Account Transfer Out or Termination | $50 | Precious Metals Storage Fee | .75% of market value per annum, billed in arrears Minimum of $5 per quarter |
| Returned Deposit Checks | $20 | Annual Custody Fee for Special Products (Limited Partnerships and Direct Participation Programs) | $35 per position |
| Wire Transfer* Out of Brokerage Account: From Your Linked Money Market Account:
|
$15 | Foreign Security Transfers | Fee based on rate for country of origin. Up to $75 for each foreign security transferred to or from T. Rowe Price Brokerage. |
$5 per wire |
Foreign Securities Orders8 | Fee based on rate for country of origin. Ranges from $21.00--$121.00 per purchase or sale, in addition to the applicable commission. | |
| Overnight Courier Per Item Delivery Fee* | Standard = $12.00 Saturday = $18.00 International = $25.00 |
||
| IRS Form 990T Filing (For RICs, REITs, Limited Partnerships) | $200.00 | ||
| Physical Securities Processing | Transfer agent processing fees for deposit, issuance, transfer, or cancellation or physical certificates. Fees vary by Transfer agent, and are not eligible for waiver consideration. | ||
Please see below for additional information on fees and commissions.
Margin Schedule
These services are available to Brokerage and Brokerage Advantage account clients for taxable account registrations. (We no longer open Brokerage Advantage accounts. Fees are applicable to existing Brokerage Advantage accounts.)
Debit Balances |
$0—$9,999 |
$10,000—$29,999 | $30,000—$49,999 | $50,000 and over |
|---|---|---|---|---|
| Percentage Above Pershing's Base Lending Rate8 |
1.75% above the Pershing base lending rate | 1.25% above the Pershing base lending rate | 0.75% above the Pershing base lending rate | 0.25% above the Pershing base lending rate |
Please see below for additional information on fees and commissions.
Advantage Account Client Fees
We no longer open Brokerage Advantage accounts. Fees are applicable to existing Brokerage Advantage accounts.
Cash Management Service Fee |
|
|---|---|
| $40.00 | This fee will be charged:
|
Checking |
VISA® Gold ATM Debit/Check Card |
||
|---|---|---|---|
| Check Amount Minimum | None | ATM Withdrawal Fee9 | None |
| Check Reorder Fee | No charge for first 40 checks; $10.00 per 150 checks thereafter | ||
| Copies of ATM, Sales, or Cash Advance Receipts | $2.50 | Daily Maximum ATM Withdrawal | The lesser of $500 or your available balance10 |
| Stop Payments | $10.00 | Daily Maximum for VISA Gold Card Transactions | The lesser of $10,000 or your available balance10 |
| Returned Checks | $15.00 | ||
| Check Copies | $2.50 | ||
Please see below for additional information on fees and commissions.
Investors who qualify for the Enhanced Personal Services tier of our T. Rowe Price Summit Program gain access to our most competitive commission rates for stock and ETF trades placed with a representative.
Plus, as an added benefit to clients who qualify for the Select Services tier and above, we offer discounted commission rates for options trades placed online, in addition to waivers on account service, delivery, and Brokerage maintenance fees.
Fewer investment accounts may mean fewer fees. Consolidating investments at different companies with T. Rowe Price Brokerage may help you save time and money when it comes to managing your portfolio.
Plus, you’ll gain access to a broad range of investment choices to help complement and diversify your asset mix.
*For customers who qualify for the Select Services tier and above of the Summit Program, fees related to outgoing wire transfers and overnight courier from your T. Rowe Price Brokerage account are waived. To learn more about the Summit Program, please visit www.troweprice.com/summit.
1Security markets have their own set of additional fees and/or taxes assessed by local governments and exchanges. These assessments are imposed on the financial services industry to cover the regulatory costs, and in all cases, the fees/taxes collected are passed on to the appropriate regulatory body or government agency. In addition, Agent Servicing fees may be imposed for American Depository Receipts (ADRs).
2Some fund families may require a higher minimum investment. If fund minimums are not met, certain fees may apply. If you hold no-transaction-fee fund positions along with transaction-fee fund positions, the no-transaction-fee fund positions will liquidate first.
3T. Rowe Price Investment Services, Inc., may receive fees in connection with no-transaction-fee mutual funds for activities such as recordkeeping and shareholder services. T. Rowe Price reserves the right to change the funds available with no transaction fees and reinstate the fees on any funds as well as the right to charge a transaction fee if your short-term trading becomes excessive. If you purchased a fund and paid a transaction fee, one will be charged upon its sale even if it becomes a no-transaction-fee fund after your purchase. Please review each prospectus carefully, as each fund family may have different share classes and costs to ensure that you select the share class most appropriate for you.
4Effective January 1, 2018—T. Rowe Price will not accept new load fund or UIT purchases. Subsequent purchases of load funds already held will be permitted for breakpoint considerations, as well as redemptions of both Load Funds and UITs are permitted. Certain Fidelity Funds are also charged a $35 transaction fee.
5Certificates of deposit are bank products that are FDIC-insured. Non-bank products are NOT FDIC-insured, NOT bank guaranteed and MAY lose value.
6Effective January 1, 2018—T. Rowe Price will not accept new purchases or incoming precious metals transfers. Commissions apply to sale transactions and are subject to a minimum commission of $35.
7Orders for foreign stocks that trade as an equivalent on U.S OTC Bulletin Board or Pink Sheet Markets.
8Pershing’s base lending rate, set with reference to commercially recognized interest rates and general credit market conditions, may change without notice. Contact T. Rowe Price Brokerage at 1-800-225-7720 for current rates.
9Third-party ATM surcharges may apply to transactions performed at certain ATMs.
10Available balance includes a secured credit line backed by the value of the securities held in the margin account (provided account is approved for margin privileges).
Brokerage accounts are offered by T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a BNY Mellon company, member NYSE/FINRA/SIPC.
All investments are subject to market risk, including the possible loss of principal; they are subject to management fees and expenses.
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