Phil Korenman is the head of Individual Investors, T. Rowe Price’s retail direct business line serving nearly 1.5 million investors and their associated $300 billion in assets. In this role, Phil is responsible for leading the department’s client services and operations, digital client experience, sales and relationship management, marketing, advice unit, and college savings unit. He led T. Rowe Price’s acquisition of Retiree, Inc., the industry’s leading retirement income and Social Security planning solution, and maintains leadership of the team post-acquisition. Phil is president and chair of the Board of several T. Rowe Price subsidiaries, including its Broker-Dealer, Retail Registered Investment Advisor, and Transfer Agent. He also is a member of several firm committees, including the Investment Management Steering Committee, Product Steering Committee, Retirement Leadership Council, and Strategic Operating Committee.

Phil’s investment experience began in 2002, and he has been with T. Rowe Price since 2019, beginning in the Individual Investors advice unit. Prior to this, Phil spent more than 15 years at Vanguard in a wide variety of leadership positions, including leading Vanguard's brokerage services, 529 college savings, and annuities businesses. His experience also includes leading the strategy development and business start-up of Vanguard's Personal Advisor Services, a discretionary managed account service.

Phil earned a B.S. in management science and information systems from Pennsylvania State University and an M.B.A. from Villanova University. He also completed an advanced management program at Harvard Business School. Phil is a Series 7, 24, and 66 registered representative.