What is the minimum investment needed to open an account with Lord Abbett?

The minimum investment needed to open an account with Lord Abbett varies depending on the type of account. For individual or joint accounts, the minimum initial investment is $1,000. However, for certain retirement accounts, such as Traditional IRA, Roth IRA, SEP-IRA, and SIMPLE IRA, the minimum investment required is $500. Additionally, for accounts established through an Automatic Investment Plan (AIP), the minimum initial investment is lowered to $250. It's important to note that these minimum investment requirements are subject to change and may vary based on specific circumstances. Lord Abbett aims to provide accessibility, allowing investors with different budgets to benefit from their services and expertise.