T. Rowe Price is intrinsically linked to retirement planning in the U.S.
Our ability to be an industry leader stems from the fact that, from our earliest days,
T. Rowe Price has been guided by a culture of collaboration that allows our associates to work seamlessly together in the pursuit of one resounding and nonnegotiable goal: serving our clients' best interests at all times.
Decades of innovation
T. Rowe Price & Associates is founded by Thomas Rowe Price, Jr., upon the principle that the firm put clients' interests first—always—to create client and, ultimately, company success.
T. Rowe Price reports its first profitable year.
The Growth Stock Fund, the firm's first mutual fund, is launched.
The first institutional separate account client is accepted, solidifying T. Rowe Price's commitment to helping institutions invest for their employees' retirements.
Mr. Price takes the unprecedented action of closing the New Horizons Fund to new investors based on what he perceived to be an overheated market in emerging growth stocks.
The first mutual fund dedicated to investing in natural resources, the New Era Fund, is established.
The Fixed Income Division launches, providing investors with a more diverse range of investments.
T. Rowe Price offers full-service, daily valued recordkeeping services for defined contribution plans.
An in-house phone support service for retirement plan participants is introduced.
A public offering (TROW) is initiated to support continued growth and reinvestment.
A 24-hour automated phone service is introduced, allowing participants to obtain account information and initiate transactions.
The firm establishes T. Rowe Price Retirement Plan Services, Inc. The firm creates a Third Party Distribution channel to expand its services. The Client Service Center opens in Tampa, FL.
Online retirement account access is introduced, which makes it possible for participants to check balances at any time.
The firm launches a comprehensive suite of education-focused communications developed to help participants take a more active role in planning for the future.
The industry's first do-it-yourself communications planning tool, dedicated plan sponsor website, and Client Access Reporting via the Internet are introduced.
The Western Region Operations Center in Colorado Springs, CO, opens to provide redundant coverage and extended participant service hours.
T. Rowe Price Global Investment Services is established to serve institutional investors worldwide.
The CreativeExchange, our award-winning, in-house agency, is formally launched to continue to create and deliver integrated participant communications through multiple channels.
T. Rowe Price enters a growing market for 529 college savings plans, meeting the expanding needs of investors.
An enhanced participant website is launched, giving participants access to account data, guidance, and tools; usage increases dramatically as a result.
The firm launches the T. Rowe Price Retirement Funds.
An industry-leading, innovative target-date default strategy is developed to help participants improve saving for retirement.
T. Rowe Price continues to refine our participant and sponsor experience, which is grounded in the fundamental value the firm has been delivering for over 75 years: confidence.