T Rowe Price
INTRO
Investing has become a necessity in our modern world. Gone are the days of saving money under a mattress for retirement. In order to create wealth, you must either already have some to begin with, or you must make some kind of investment. Life’s goals and milestones, like retirement, education, and vacations, all require a lot of money and careful planning. If you don’t know the first thing about investing, it is a good idea to educate yourself on the basics. An even better idea is to seek help from the professionals.
BRIEF OVERVIEW
There are so many established investment companies out there that can guide one towards life’s many goals. One of the most prestigious global investment companies is T. Rowe Price. Based in Baltimore, Maryland, the company manages over $640 billion in assets, as of October 2013. Three quarters of total assets under management are dedicated to equity and balanced strategies. The company has offices in 12 countries around the world, and serves clients in 30 countries.
Price offers a variety of retirement and brokerage solutions, as well as savings plans, advisory planning, and investor services. Like many companies, they also offer an assortment of mutual funds that have no loads, sales charges, or hidden fees. Their mutual fund managers have an average of 14 years of experience. The firm trades on NASDAQ, and offers over 28 domestic stock, 28 bond, 18 international, 20 asset allocation, and 6 money market funds.
Customers have the option of opening an account online, over the phone, or in person at one of their investor centers. One of downsides I found in my research was that T. Rowe Price only has 6 investor centers in the US. This presents an obstacle to a potential client who does not live near an investor center, and does not want to deal with an investment company online or by phone. The trend these days, however, is to open an account online. T. Rowe Price makes it very easy to do so.
BRIEF HISTORY
T Rowe
Investing has become a necessity in our modern world. Gone are the days of saving money under a mattress for retirement. In order to create wealth, you must either already have some to begin with, or you must make some kind of investment. Life’s goals and milestones, like retirement, education, and vacations, all require a lot of money and careful planning. If you don’t know the first thing about investing, it is a good idea to educate yourself on the basics. An even better idea is to seek help from the professionals.
BRIEF OVERVIEW
There are so many established investment companies out there that can guide one towards life’s many goals. One of the most prestigious global investment companies is T. Rowe Price. Based in Baltimore, Maryland, the company manages over $640 billion in assets, as of October 2013. Three quarters of total assets under management are dedicated to equity and balanced strategies. The company has offices in 12 countries around the world, and serves clients in 30 countries.
Price offers a variety of retirement and brokerage solutions, as well as savings plans, advisory planning, and investor services. Like many companies, they also offer an assortment of mutual funds that have no loads, sales charges, or hidden fees. Their mutual fund managers have an average of 14 years of experience. The firm trades on NASDAQ, and offers over 28 domestic stock, 28 bond, 18 international, 20 asset allocation, and 6 money market funds.
Customers have the option of opening an account online, over the phone, or in person at one of their investor centers. One of downsides I found in my research was that T. Rowe Price only has 6 investor centers in the US. This presents an obstacle to a potential client who does not live near an investor center, and does not want to deal with an investment company online or by phone. The trend these days, however, is to open an account online. T. Rowe Price makes it very easy to do so.
BRIEF HISTORY
T Rowe