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Re: Need some guidance... Regal 56  07-07-2008, 10:13 PM | Post #2536661
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"I've called trowe up already and have confirmed that the below-minimum account fee is waived for AAB investors.  I could double-check, but I initially called because someone i had already talked with voiced the same concern about the august transactions."

Depending on your circumstances, you might still be charged a fee. If your funds are in an IRA, there's a $10 annual "fiduciary fee" for each fund in which you have less than $5,000. (These fees are waived if your total account is over $50,000.)

T. Rowe Price apparently believes this fiduciary fee is something other than a small account fee. Thus, if you asked about a "small account fee," they might not tell you about the fiduciary fee. If you're holding your funds in an IRA, I urge you to contact T. Rowe Price and specifically ask about the fiduciary fee. This is also sometimes referred to as a "custodial fee," so it wouldn't hurt to use both these terms when you inquire.

If you find that you'll be charged for each fund you hold—assuming they're all under $5,000—you might very pointedly ask why you weren't informed of this when you opened your account. Unfortunately, this might not do any good. T. Rowe Price does notify investors of this fee, though not in a way that I find sufficiently transparent and understandable.

Let us know how this turns out.

Topics Funds investors IRAs style T Rowe Price View Complete Thread
 
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