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First Fund in 1950? Wasn't it 1939?
editT. Rowe Price's Balanced Fund commenced in 1939. —Preceding unsigned comment added by 70.44.147.74 (talk) 13:00, 4 April 2010 (UTC)
T. Rowe Price Balanced Fund actually acquired the assets of Axe-Houghton Fund from USF&G, and this fund went back to 1939. But the first T. Rowe Price sponsored mutual fund was the T. Rowe Price Growth Stock Fund launched in 1950. —Preceding comment added by Hmcdonold 12 January 2011
brevity
editI find it extremely disturbing that this article is so short and thereby perceivably incomplete considering how big this corporation is and how much money they handle..investors like myself look to Wikipedia for information regarding institutions like this which seem to be lacking especially considering how many people have cash tied up with them..no criticism..however this is a consistent pattern here...wealthy individuals, corporations and institutions seem to be sheltered from scrutiny on this website despite the plethora of information regarding which rock star is having sex with what movie star..I lost a ton of money with this company last week..not a single reference regarding how corporate predators like this manage to operate above the pedestrian level..it will be interesting to see how long this comment exist..one consistent pattern I've seen on Wikipedia if you ruffle the wrong feathers your input rapidly vanishes. 66.169.88.208 (talk) 05:33, 26 August 2015 (UTC)
- Feel free to add anything 104.145.221.233 (talk) 02:54, 3 October 2022 (UTC)
External links modified
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Disclosure: Connected person making edits
editHi, I'm an employee of T. Rowe Price updating the page because (1) it has been flagged for needing additional sources/verification since 2013 and (2) much of the data on the page was very out of date, sketchily sourced, and poorly worded. Since there haven't been substantive edits in a long time, I've taken it on myself to do them. I have tried to keep language non-promotional and non-jargon, but I or other editors should obviously alter, remove, or add copy if the language needs changing for tone or similar. I've taken care to cite from non-company sources except for the obvious things like the Board of Directors or the list of locations. If this is inappropriate, please let me know.
(1) In the interest of utmost transparency, I'm dividing my updating of the page into four edits. The first tackles the out of date, but very objective stuff like the infobox, header, board members, and adding a picture from a linked page. Hopefully nothing in this edit should be contentious or need reversion.
(2) My second edit will be overhauling the history section for coherency, accuracy, and style, as well as adding a philosophy section a la Vanguard's philosophy section. This is not intended to be promotional and has been sourced from third-party sites that TRP does not control: Wall Street Journal, Encyclopedia.com, Investopedia, New York Times and so on. Hopefully, this is also not contentious.
(3) I would like to add a few high-level accolades the firm has received recently. In order to strictly avoid promoting TRP products, promising performance, or giving even the appearance of investment advice, I have restricted the list to awards relating to workplace life and community engagement. If even these are inappropriate, please revert.
(4) Lastly, I'd like to propose removal of the Conflicts section on this page for three main reasons. First, it's nearly a decade old, not sourced, and there was no major consequence or lasting effect from the data breach; second, the data breach was from a third-party service provider hired by T. Rowe Price, among many others--not a breach of TRP or a product of its malfeasance; third, it's not a particularly notable incident compared to similar conflict sections on peer pages, e.g. Fidelity Investments, Franklin Templeton, or the lengthy JPMorgan Chase and Morgan Stanley. And other peer companies (like BlackRock) don't have conflict sections at all. Essentially, it feels useless and like a waste of a header.
In the interest of transparency and to avoid even the appearance of whitewashing, I will remove the conflict section in a separate edit for easy reversion. I laid out my rationale above, so I hope it comes across as a good faith edit. If not, please revert.
2008 Recession?
editI was reading this article, and it had good detail, but it fails to mention what T. Rowe Price did during the Recession. This is quite uncommon for articles on banks, due to the recession affecting Wall Street and the banks the most.