T. Rowe Price Group (NASDAQ-GS: TROW) announced today that effective January 3, 2018, it will pay for third-party investment research used by its U.K.-based investment manager, T. Rowe Price International Ltd, which is subject to the European Union’s Markets in Financial Instruments Directive II (MiFID II) regulation.
Rob Sharps, Co-Head of Global Equity and Group Chief Investment Officer
“T. Rowe Price has more than 500 investment professionals globally, including more than 250 investment analysts, and is well-known and well-respected for its internal global research platform. In recent years, we have continued to invest in our alpha-generating capabilities around the globe by adding analysts focused on fundamental research, quantitative research, corporate governance, socially responsible investing, and corporate access. The supplemental third-party research we receive complements our own proprietary research.”
“With this decision, we have ensured that our clients’ best interests are protected while preserving our globally collaborative investment process and our access to important third-party research.”
ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (troweprice.com) is a global investment management organization with $927 billion in assets under management as of July 31, 2017. 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 organization also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.