Full Brokerage Commission Fee Schedule
Take advantage of our streamlined commissions and fees

We know you're looking for good value when you invest. Our Select Client Services program1, for clients with $250,000 or more at T. Rowe Price, offers a commission rate of $9.95 for equity and ETF trades, regardless of whether you choose to trade on-line or with a T. Rowe Price Brokerage representative, a free morningstar.com premium membership and waiver of the annual Brokerage maintenance fee.

Complete Schedule PDF New Commission Schedule Effective January 1, 2018  
  FundVest NTF ETF Program - Fund Listing  

1 Customers with $250,000 or more qualify for Personal Services, and customers with $1,000,000 or more qualify for Enhanced Personal Services. Qualifying investments consist of T. Rowe Price mutual fund, Brokerage, or T. Rowe Price College Savings Plan accounts that are directly owned; trust accounts for which you are a trustee; or UGMA/UTMA, T. Rowe Price College Savings Plan, or Education Savings Accounts for which you are a custodian. Assets held in a 401(k) Plan, a Maryland College Investment Plan, or a University of Alaska College Savings Plan account are also eligible if you have a qualifying investment. Assets held in estate or corporate accounts are excluded. Your qualifying investment assets may be recognized with those of other eligible members of your household toward collective qualification for Select Client Services programs.

2 Security 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).

3 FundVest® ETF is a no-transaction-fee (NTF) exchange-traded fund platform offered through Pershing LLC, member NYSE/FINRA/SIPC, a BNY Mellon Company. NTF shares purchased are subject to Section 11 of the Exchange Act. Purchasing on margin is prohibited within the FundVest® ETF platform, and all NTF-ETF shares must be held fully paid in the case account for 30 days from settlement before being considered margin eligible. ETF shares purchased prior to joining the platform will not be eligible for FundVest® ETF. Any shares held in an account that may have existed in a participating fund prior to the fund being on the platform will not be considered NTF; however, as long as an account holds at least one NTF share, any subsequent redemption of that fund will not incur a transaction fee.

4 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.

5 T. 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.

6 Effective 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.

7 Effective January 1, 2018—T. Rowe Price will not accept new CMO purchases. CMO redemptions and GNMA purchases and redemptions are subject to a $35 minimum/$250 maximum.

8 Effective 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.

9 We no longer open Brokerage Advantage accounts. Fees applicable to existing Brokerage Advantage accounts.

10 Orders for foreign stocks that trade as an equivalent on U.S OTC Bulletin Board or Pink Sheet Markets.

11 Third-party ATM surcharges may apply to transactions performed at certain ATMs.

12 Available 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).

T. Rowe Price Brokerage is a division of T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC (Pershing), member NYSE/FINRA/SIPC, a BNY Mellon company. T. Rowe Price mutual funds not held as positions in your Brokerage account are serviced by T. Rowe Price Services, Inc., and are not carried by Pershing.