Concerning fees, I'm not aware of any extra fees. T. Rowe Price was the company I started investing with many many years ago because they had the lowest minimums and fees for my meager amounts of money. Vanguard at the time had higher fund minimums and higher annual account maintenance fee thresholds at the time so I couldn't afford to go with Vanguard. This predates ETFs and discount brokerages.Something I don't know is whether TRP is any more cooperative about, for example, PoA (agent authorization, whatever) than Vanguard is. That's the primary annoyance I have with having many financial providers: the need for creating and executing proprietary documents for each one. That's more of a challenge for me than tax issues. Back when I had a TRP account I just assumed that my general-purpose legal documents would actually work anywhere so I never explored that with them.It's not really a problem to have multiple accounts at different institutions. The downsides are you have more 1099s at tax time and your heirs will have more work to claim all your assets if you don't consolidate before you die.
But for all your questions, from fees to the PoA question, I recommend you call T. Rowe Price and ask them. You can get a feel for how much you like their customer service. I have not called them much, but overall I would my customer service experience with them as better than Vanguard's. And now might be the best time, because I imagine tax season is going to ramp up starting next month so all reps will be extra busy.
Statistics: Posted by chaser — Thu Jan 23, 2025 8:11 pm — Replies 31 — Views 1309