Mr. Price and four associates opened their first office in downtown Baltimore and began building their legacy of strategic investing and dedicated client service. Though the firm struggled to take off during the turbulence of the Great Depression and World War II, the team worked hard to build T. Rowe Price into a world-class asset management firm.
Below are some artifacts from the first few decades of T. Rowe Price’s history, from our founding in 1937, through the growth of our fundamental research process in the 1950s, to the unprecedented expansion of our associate ranks in the 1960s.
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From T. Rowe Price’s first days in the summer of 1937, women have been key associates, serving in a variety of roles as writers, accountants, portfolio managers, client relationship specialists, administrative assistants, sales representatives, and research analysts. In fact, of the first four associates to join Mr. Price, two were women. See them and others below.
For more than 80 years, T. Rowe Price has been expanding investment capabilities to best serve our clients’ needs to help them achieve their financial goals.
Recorded its first full profitable year, launched first fund, and gained first institutional client
Established a Fixed Income division and began launching a host of new fund strategies
Introduced innovative company-sponsored defined contribution plans, leading the industry
Began a joint venture with UK partner Robert Fleming, who managed many new international strategies
A sure-footed and agile climber with sharp vision, the bighorn sheep is an apt symbol for T. Rowe Price and our mutual funds services. Its ability to navigate rough terrain reflects the way investors rely on our firm to follow a disciplined path through all market conditions.
1For informational purposes only. The fund mentioned is a U.S. registered mutual fund and is not available to investors outside of the United States. It does not constitute a distribution, offer, invitation, recommendation, or solicitation to buy or sell any products or services.
2 For informational purposes only. Products mentioned are not available in all jurisdictions from T. Rowe Price.
3 As of 31 March 2018. The combined assets under management of the T. Rowe Price group of companies. The T. Rowe Price group of companies includes T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, T. Rowe Price Hong Kong Limited, T. Rowe Price Singapore Private Ltd., and T. Rowe Price (Canada), Inc.