HISTORY. From our quiet beginnings in 1937, T. Rowe Price has grown to become a major global investment manager.

We continue to evolve our capabilities while focusing consistently on innovation that is relevant to distinct client needs.

1937 – 1960's     1970's – 1980's     1990's     2000's    

1937 – 1960's
	1937 Firm Established Thomas Rowe Price, Jr., founds the firm in Baltimore, Maryland, U.S.A. Rather than charge a commission, as was then the practice in the securities business, Mr. Price charges a fee based on the assets under management. If the client prospers, so does T. Rowe Price. The core of Mr. Price's disciplined investment approach—long-term focus, proprietary research, and prudent risk management—endures to this day.
	1950 First Mutual Fund The firm launches the T. Rowe Price Growth Stock Fund, a no-load mutual fund seeking long-term capital appreciation by investing in established growth companies. Today, T. Rowe Price offers more than 75 mutual fund strategies.
	1951 Institutional Investors To meet the unique needs of institutional investors, the firm introduces its first segregated institutional client account.
	1960 Small-Cap Strategy The firm expands into U.S. small-cap equity investments, pioneering an industry trend toward specialized mutual fund management to meet diverse client needs.
	1969 New Era Fund The firm launches the New Era Fund, a mutual fund dedicated to investing in natural resources.
Back to top 1970's - 1980's
	1971 Fixed-Income Management George Collins is hired to develop the firm's fixed-income management division, further diversifying our investment offerings. In 1984, Mr. Collins becomes president and CEO of T. Rowe Price.
	1974 Defined Contribution Plans T. Rowe Price leads the way in defined contribution retirement plan services with the introduction of the firm's first retirement accounts in the U.S.
	1979 Rowe Price-Fleming International Partnering with U.K.-based Robert Fleming Holdings Limited, T. Rowe Price expands the international investment opportunities available to its U.S. clients.
	1986 Initial Public Offering To help secure the firm's long-term financial stability, management takes T. Rowe Price public, trading on the Nasdaq stock exchange under the symbol TROW.
	1987 Global Research Underscoring the firm's commitment to proprietary research, T. Rowe Price establishes a research office in Hong Kong. This is soon followed by offices in Buenos Aires and Singapore.
Back to top 1990's
	1994 Third Party Distribution The firm partners with several high-quality financial institutions to deliver T. Rowe Price products and services to a wider audience.
	1996 troweprice.com The firm launches the troweprice.com Web site, extending its commitment to superior client service into the Internet age.
	1999 Expansion to Japan In a joint venture with Robert Fleming Holdings Limited, T. Rowe Price expands into Japan with T. Rowe Fleming Asset Management (now known as T. Rowe Price Global Asset Management).
	1999 S&P 500 Index T. Rowe Price is added to the S&P 500 Index, a leading measure of the broader U.S. stock market.
Back to top 2000's
	2000 T. Rowe Price International The firm acquires complete ownership of Rowe Price-Fleming International. The new entity—T. Rowe Price International, Inc.—enhances the firm's ability to distribute investment products outside the United States. To further support this effort, the firm creates T. Rowe Price Global Investment Services Ltd., providing investment products and services for institutional clients around the world.
	2001 Cross-Border Funds The firm launches the T. Rowe Price Funds SICAV, domiciled in Luxembourg, for non-U.S. institutional investors and financial intermediaries in qualifying jurisdictions.
	2003 Retirement Funds The firm introduces the target-date Retirement Funds. Underpinning the funds is an asset allocation strategy developed through proprietary research and quantitative modeling. The funds set new records for asset growth, reaching $8 billion within two years.
	2004 European and Australian Expansion T. Rowe Price establishes an office in Amsterdam to supplement existing locations in London and Copenhagen. A new office in Sydney supports a growing presence in Australia and New Zealand.
	2006 Management Transition and Continuity James Kennedy is elected president and chief executive officer of the firm, completing a multi-year succession plan that also sees Brian Rogers and Edward Bernard elected chairman of the board and vice chairman, respectively. The election follows the retirement of Chairman and President George Roche.
	2007 Continued Global Expansion T. Rowe Price opens an office in Toronto, Canada, enhancing the firm's service capabilities for a growing list of Canadian clients. The firm also enters into an arrangement with a respected asset management firm in India.
	2008 European Expansion T. Rowe Price opens an office in Zurich to support a growing base of institutional and private wealth channels in Switzerland and Liechtenstein.
	2010 Middle East and Australia Expansion T. Rowe Price establishes an institutional client service office in Dubai and adds equity investment management and research capabilities in the Sydney office, continuing the firm’s commitment to building its global investment platform and serving clients worldwide.
	2012 Our 75th Anniversary T. Rowe Price and its over 5,000 associates around the world commemorate the firm's 75th anniversary.
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