Breach of fiduciary duty to disclose
Took out a hardship withdrawal from my 401k in order to purchase a home. When applying for this withdrawal, I was told that ALL TAXES will be taken out PRIOR to me receiving my funds. THEY DID not ask how much to take out but instead, told me that the IRS requires 10% for federal and 1% for state taxes. T. Rowe Price had a fiduciary duty to ask me how much I wanted withheld regarding my taxes instead of leading me to believe that the 10% and the 1% taken out was satisfactory to the IRS. In fact, T. Rowe Price should have taken out 18-20% for federal taxes and did not do that. I verbally told them that I did not want to pay taxes on that amount of money and make sure that ALL TAXES WERE PAID. They did not do this and as a result, I now have a tax bill totally over $8, 000. I will be seeking legal redress and I want to make sure that all their customers know that they don't take their duties serious enough.
Not allowed to transfer money
Do yourself a favor and your savings and take your finances to another brokerage house!
T. Rowe Price is horrible. They refused to allow me to have automatic bank deposits
from my bank to be deposited in my IRA account. This is based on their incompetent
system for security purposes. T. Rowe Price rejected my request since I failed
to answer one of their security questions correctly. I need to mention the questions
asked involved employers and addresses from the seventies and eighties!
Would not have a practical approach to send T. Rowe Price a voided check
rather than rack your brain for items of no relevance to opening a checking
account for automatic transfers from your bank to T. Rowe Price?
I am cancelling my IRA account with T. Rowe Price to placing my IRA with another
brokerage, I am waiting for the paperwork for transfer out of T. Rowe Price!
Go to another brokerage! Do yourself a BIG FAVOR and don't give a penny to
T. Rowe Price, put your penny in your pocket, you'll save yourself the aggravation
of dealing with this company!
The complaint has been investigated and resolved to the customer’s satisfaction.
Fee stealing
T Rowe Price steals fees In a $4, 800 account - open since the 1980s - Price stole a $20.00 "service fee" at the end of the September 2011 quarter. Supposedly applicable because the account was less than $10, 000. Never agreed to, of course. Acted like the thieving ### they are on the phone. An excellent fund if you wish to be robbed. Otherwise useless.
Read full review of T. Rowe Price and 7 commentsOverview of T. Rowe Price complaint handling
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T. Rowe Price contacts
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T. Rowe Price phone numbers+1 (410) 345-2000+1 (410) 345-2000Click up if you have successfully reached T. Rowe Price by calling +1 (410) 345-2000 phone number 0 0 users reported that they have successfully reached T. Rowe Price by calling +1 (410) 345-2000 phone number Click up if you have UNsuccessfully reached T. Rowe Price by calling +1 (410) 345-2000 phone number 0 0 users reported that they have UNsuccessfully reached T. Rowe Price by calling +1 (410) 345-2000 phone number+1 (800) 638-7890+1 (800) 638-7890Click up if you have successfully reached T. Rowe Price by calling +1 (800) 638-7890 phone number 0 0 users reported that they have successfully reached T. Rowe Price by calling +1 (800) 638-7890 phone number Click up if you have UNsuccessfully reached T. Rowe Price by calling +1 (800) 638-7890 phone number 0 0 users reported that they have UNsuccessfully reached T. Rowe Price by calling +1 (800) 638-7890 phone number
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T. Rowe Price emailsfeedback@troweprice.com100%Confidence score: 100%Support
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T. Rowe Price headquarters100 East Pratt Street, Baltimore, Maryland, 21202, United States
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they ever ask question. Just take money.