NEWS
T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its T. Rowe Price Target Allocation Active Series Model Portfolios will now be available to financial advisors through the Envestnet Fund Strategist Portfolio (FSP) and Unified Managed Account (UMA) Programs. Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness.
The Target Allocation Active Series on the Envestnet platform consists of seven professionally managed, risk-based asset allocation models designed to meet a wide range of investment objectives. The model portfolios use globally diverse T. Rowe Price equity and fixed income mutual funds as their underlying investments. With this launch, the series will be available to advisors and companies leveraging Envestnet’s wealth management platform.
The Target Allocation Active Series is managed by T. Rowe Price Portfolio Managers Charles Shriver, Toby Thompson, Robert Panariello, Guido Stubenrauch, and Andrew Jacobs van Merlen. Each portfolio manager is a member of the T. Rowe Price Multi-Asset team, which had $332.5 billion in assets under management as of June 30, 2019.
QUOTES
Steve Larson, head of U.S. Intermediaries Platform Services, T. Rowe Price:
“We are pleased to partner with Envestnet to offer their clients access to the Target Allocation Active Series. T. Rowe Price has over 25 years of experience in providing multi-asset solutions, and we are committed to providing financial advisors an efficient way to access decades of institutional-level portfolio construction expertise.”
Estee Faranda Jimerson, managing director, head of Asset Manager Network, Envestnet:
“We are delighted to be the launch platform for T. Rowe Price’s model portfolios. From a technology standpoint, we are providing the tools and guidance advisors need to operate an efficient practice and empower their clients. The expansion of our platform to include T. Rowe Price’s model portfolios further demonstrates our central mission—helping financial advisors deliver high-quality, personalized, and holistic wealth management services with the ultimate goal of delivering financial wellness to everyone.”
For more information about T. Rowe Price and its funds, please visit troweprice.com or download a prospectus.
The T. Rowe Price Target Allocation Active Series model portfolios are available only through financial advisors, and the advisor is responsible for determining if these portfolios and the mutual funds utilized are appropriate for their clients.
T. Rowe Price mutual funds are subject to ongoing management fees and may be subject to redemption fees. See prospectus for details. All funds are subject to market risk, including possible loss of principal.
IMPORTANT INFORMATION
For designated members of the press only.
The T. Rowe Price Target Allocation Active Series is a non-discretionary investment management program provided by T. Rowe Price Associates, Inc.
This material is being furnished for general informational purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, and prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.
The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates.
ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (troweprice.com), is a global investment management organization with $1.12 trillion in assets under management as of August 31, 2019. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.