T. Rowe Price
() is a publicly owned Investment firm
, headquartered in Baltimore, Maryland
. It was founded in 1937 by Thomas Rowe Price, Jr.
. The company offers mutual funds
, subadvisory services, and separate account management for individuals, institutions, retirement plans
, and financial intermediaries. Additionally, the organization offers investment planning and guidance tools.
The company's founder may be best known for developing the growth stock
philosophy of investing , emphasizing companies whose earnings and dividends could be expected to grow faster than inflation and the overall economy. Instead of charging a commission, as others in the business did at the time, Price charged a fee based on the assets under management
Currently, there are approximately 5,000 people employed by T. Rowe Price around the world. Investors outside the U.S. now account for more than 12% of assets under management. The company has more than 25 domestic stock funds, 25 bond funds, 15 international funds, 20 asset allocation funds, and five money market funds.
T. Rowe Price has offices around the world in Buenos Aires, Sydney, Toronto, Copenhagen, Hong Kong, Tokyo, London, Luxembourg, Amsterdam, Singapore, Dubai, and Zurich. U.S. offices are located in Baltimore and Owings Mills, Md.; Tampa, Fla., Colorado Springs, Colo.; and San Francisco and Long Beach, Calif. Additionally, walk-in Investors Centers are located across... Read More