Trade T. Rowe Price Group
T. Rowe Price Group is a U.S. publicly owned global investment management company that provides funds, advisory services, account management, retirement plans, and services to individuals, institutions and financial intermediaries. Headquartered with more than $1.3 trillion in assets at the end of 2019, the company is headquartered at 100 East Pratt Street in Baltimore, Maryland, and serves its 16 international offices in 47 countries around the world. It was founded in 1937 by Thomas Rowe Price Jr. who is best known for developing a philosophy of equity growth for investment. as of 2019, the company focuses on active management after making a strategic decision against a major passive investment initiative. Thomas Rowe Price Jr. began finance in the 1920s as a junior researcher and account manager at brokerage firms in the Baltimore area, but hated the operating models of sales-oriented companies at the time. When T. Rowe founded Price & Associates in 1937, his company deviated from the rule in three main ways: charging fees based on assets under management rather than sales volume, managing his clients' accounts strictly as an investment, and investing in growth stocks rather than value shares. He became well known as the "father of investment in growth" and was nicknamed "The Baltimore Sage" by Forbes.