Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:How a No-Load Giant Is Making a Push With Advisors Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 25, 2017

How a No-Load Giant Is Making a Push With Advisors

News summary by MFWire's editors

One of the original and biggest no-load mutual fund stalwarts is making a big push with financial advisors.

T. Rowe Price "is more aggressively targeting financial advisers with a beefed-up wholesale crew and placement on custodial platforms," InvestmentNews reports. For example, after years of pushing back against NTF platform fees and then "a multiyear negotiation with both firms," T. Rowe financial institutions group chief John Halaby tells the publication, T. Rowe's mutual funds became available on the Fidelity and Schwab NTF platforms last month.

Don't expect the T. Rowe team to debut lots of new share classes or to make a push into passive investing, but they are expanding their staff aimed at RIAs and other FAs. And the strategy shift correlates an asset shift, too: William Blair analyst Christopher Shutler notes that about 80 percent of T. Rowe's fund sales are now sold indirectly through intermediaries or retirement plans.

This deep-dive story offers glimpses of T. Rowe's history and comments from a host of T. Rowe insiders and T. Rowe watchers. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2017
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use