T Rowe Price Reviews 2025: Is It the Right Choice for Your Investment Needs?

T Rowe Price Reviews: T. Rowe Price stands out for its impressive in-house fund selection and diverse investment options. However, its research tools leave much to be desired.

This platform is a solid choice for passive investors focused on mutual funds, thanks to its strong lineup of securities and wealth management services. However, its trading fees and limited research tools may not appeal to active stock traders.

Choose T. Rowe Price if you’re a long-term investor looking for quality mutual funds.
Look elsewhere if you’re an active trader who relies on in-depth research and frequent stock trades.

T Rowe Price Reviews: Details & Features

  • Annual Fee: $30
  • Available Assets: Mutual funds, ETFs
  • Account Type: Brokerage
  • Mutual Fund Trade Fee: $35 per transaction
  • Account Transfer Fee: $50
  • Minimum Deposit: $2,500

What investments does T. Rowe Price offer?

T. Rowe Price offers a well-rounded selection of investment options, including stocks, bonds, mutual funds, ETFs, and options. However, it lacks access to futures, forex, and cryptocurrency.

Its account offerings are equally diverse, with self-directed brokerage accounts, trust accounts, and a range of retirement options, including traditional and Roth IRAs, SIMPLE and SEP IRAs, as well as 403(b) and 401(k) plans for small businesses.

T Rowe Price Reviews: Who is T. Rowe Price best for?

T. Rowe Price is a strong choice for:

  • Mutual fund investors – With a robust lineup of in-house funds and fund-exclusive accounts, this platform is a natural fit for those focused on mutual fund investing.
  • High-net-worth investors – Those with account balances of $250,000 or more can access tiered perks and benefits.

Mutual funds are the heart of T. Rowe Price, much like Vanguard. The platform offers 139 no-load mutual funds, with 70 earning 4- or 5-star ratings from Morningstar. It even provides fund-only investment accounts, allowing investors to purchase T. Rowe Price mutual funds directly.

That said, the platform isn’t ideal for active traders. Its research tools are underwhelming, and its trading fees aren’t the most competitive, making it a less appealing choice for those who frequently trade stocks.

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T Rowe Price Reviews
T Rowe Price Reviews

T Rowe Price Reviews: Fees and costs

Like many competitors, T. Rowe Price has eliminated commission fees for stocks and ETFs. However, options trading comes with a hefty price tag—$19.95 plus $1 per contract, compared to Fidelity’s much lower $0.65 per contract.

If you’re considering a T. Rowe Price brokerage account, be aware of these costs:

  • Minimum deposit: $2,500
  • Annual account fee: $30 (waived if you complete five or more trades in a year or hold at least $50,000 in T. Rowe Price mutual funds)

T Rowe Price Reviews: How to Avoid the Annual Fee

You can skip the $30 annual fee by qualifying for T. Rowe Price’s Personal or Enhanced Personal Client Services, which cater to high-net-worth investors:

  • Personal Client Services (for portfolios of $250,000+) – Includes a free Morningstar Premium membership, Investor Magazine, and access to T. Rowe Price client managers.
  • Enhanced Personal Client Services (for portfolios over $1 million) – Offers all Personal tier benefits plus complimentary access to The Wall Street Journal Online.

If you’re an active trader or options investor, these high fees might be a dealbreaker. However, if you’re a long-term investor with a sizable portfolio, T. Rowe Price offers valuable perks and services.

T Rowe Price Reviews: T. Rowe Price Services

Beyond mutual funds and self-directed brokerage accounts, T. Rowe Price offers a range of wealth management services tailored to different investor needs:

ActivePlus Portfolios (For IRAs with $50,000+)

If you hold at least $50,000 in a Roth, traditional, or rollover IRA, you can enroll in ActivePlus Portfolios—a managed investment service where licensed specialists help design and maintain your portfolio, automatically rebalancing assets on your behalf.

Planning Service (For portfolios of $250,000+)

Investors with portfolios of $250,000 or more gain access to personalized financial planning with a dedicated adviser. This service includes long-term investment strategies and a custom model portfolio of T. Rowe Price mutual funds to help you meet your financial goals.

Private Asset Management (For portfolios of $5 million+)

For high-net-worth investors with at least $5 million, T. Rowe Price offers Private Asset Management, a premium, hands-on service with a dedicated portfolio manager. This program provides:

  • Bespoke investment strategies tailored to your financial goals
  • Fiduciary oversight of managed portfolios
  • Access to global investment resources
  • Tax-efficient trading and charitable giving opportunities

No matter your investment level, T. Rowe Price has services designed to support long-term wealth growth and portfolio management.

Also Read:- Gold IRA Pros And Cons [2024] – My Personal Experience

T Rowe Price Reviews: T. Rowe Price Services

How to Sign Up for a T. Rowe Price Account

Signing up for a T. Rowe Price account is straightforward and starts on the company’s official website.

For Self-Directed Brokerage Accounts

  1. Click “Open an Account” and select the type of brokerage account you want.
  2. Provide your full name, email address, and investment amount.
  3. Enter your residential address, phone number, and email address.
  4. Choose a username and password.
  5. Provide your employment details and annual income.
  6. Link your bank account and fund your account.

For Mutual Fund Accounts

  1. Click “Open an Account” and choose the type of mutual fund account.
  2. Provide your full name, email address, and investment amount.
  3. Browse and select from T. Rowe Price’s list of mutual funds.
  4. Enter your date of birth, Social Security number, residential address, and phone number.
  5. Link your bank account and fund your investment.

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Eligibility Requirements

To open an account, you must:
✔️ Be at least 18 years old
✔️ Have a valid residential address
✔️ Provide a government-issued ID
✔️ Meet the minimum deposit requirement of $2,500

Required Information

Valid address
Social Security number
Employer’s name and address
Bank login details for funding your account

Research & Investing Tools

T. Rowe Price provides essential tools for monitoring your portfolio but lacks advanced charting features. Here’s what’s available:

📊 Screeners – Search for stocks, ETFs, or mutual funds based on custom criteria.
📈 Daily Prices – View historical data, Morningstar ratings, yields, and expense ratios.
👀 Watchlists – Keep track of funds you’re interested in.
📅 Daily Market Updates – Track stocks, major indices, and market news.
💰 Projected Cash Flow – See expected dividends and interest payments up to 12 months in advance.
📊 Multiquote Comparison – Compare investments and set market alerts.
📌 Portfolio Movers – Identify your best and worst-performing investments.
🔍 Quotes & News – Get real-time updates, charts, and fundamental data by entering a ticker symbol.

While T. Rowe Price offers solid tracking tools, traders looking for advanced charting and technical analysis may find the platform lacking.

T Rowe Price Reviews: Pros & Cons

Pros

✔️ Wide Range of Accounts – Offers a variety of retirement and investment accounts, making it a great fit for long-term investors.
✔️ Tiered Benefits for High Balances – Investors with $250,000+ portfolios gain access to exclusive Client Services perks.

Cons

⚠️ High Minimum Deposit – Requires at least $2,500 to open a self-directed trading account.
⚠️ Expensive Fees – Higher-than-average annual account fees and steep options trading costs compared to competitors.
⚠️ Limited Customer Support – Unlike some brokers with 24/7 support, T. Rowe Price’s customer service is only available on weekdays during business hours.

T. Rowe Price Reviews & Customer Feedback

Investor sentiment toward T. Rowe Price is mixed.

  • Better Business Bureau (BBB): Rated A- as of February 2022, but has received 48 complaints in three years. Common issues include long wait times for customer service and difficulty accessing online accounts. It holds a 1 out of 5-star rating based on 14 customer reviews.
  • Trustpilot & Reddit: Limited Trustpilot feedback, but Reddit users praise its mutual funds, saying the higher fees may be justified by better returns. However, they note that the self-directed brokerage account isn’t competitively priced.
  • Mobile App Ratings:
    • Google Play: 3.3/5 stars (3,116 reviews) – Users mention occasional login issues but like the app’s ease of use.
    • Apple App Store: 4.6/5 stars (22,600 reviews) – Generally well-received, with positive feedback on navigation and usability.

How to Contact T. Rowe Price Support

T. Rowe Price offers customer support in three ways:

📞 Phone: Call 800-537-1936 (Weekdays, 8 a.m. – 8 p.m. ET)
📧 Email: Submit a secure online contact form through your account.
📬 Mail: Send inquiries to:
T. Rowe Price Brokerage Account Services
P.O. Box 17468, Baltimore, MD 21298-8275

T Rowe Price Reviews: Bottom Line

T. Rowe Price is a strong choice for mutual fund-focused retail accounts and offers comprehensive wealth management services for investors with larger portfolios. However, its account fees and lack of advanced charting tools make it less appealing for active traders.

Before committing, it’s a good idea to compare trading account options across multiple brokers to ensure you find the best platform for your investment goals.

Thank you for reading T Rowe Price Reviews.

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