T. Rowe Price Group, Inc. history, company profile (overview) and history video
T. Rowe Price Group, Inc. is a global investment management firm headquartered in Baltimore, Maryland, United States. It provides mutual funds, sub-advisory services, separate account management, recordkeeping, and related services for individuals, advisors, institutions, and retirement plan sponsors.
T. Rowe Price was founded in 1937 when Thomas Rowe Price, Jr., set out to create an organization “with a reputation for the highest character and the soundest investment philosophy.”
In 1950, it launched its first mutual fund and prepared to start serving institutional clients.
In 1960, the company launched its second mutual fund and expanded the growing firm to more than 100 associates.
In 1971, a fixed Income division was established.
In 1979, T. Rowe Price began a joint venture with UK partner Robert Fleming.
In 1986, the company grew to 17 funds and began trading on the Nasdaq.
In 1990, it launched Retirement Plan Services (RPS), a full-service retirement plan recordkeeper.
During 1999-2000, the company acquired Rowe Price-Fleming International.
In 2020, T. Rowe Price Investment Management, Inc. was established.
During 2022-2023, T. Rowe Price acquired Oak Hill Advisors.
With over 7,000 employees, T. Rowe Price is considered one of the Largest Public Companies in the World, according to Forbes.
*Information from Forbes.com, Wikipedia.org, and www.troweprice.com
**Video published on YouTube by “T. Rowe Price“