Rogers Retirement Allows Other Senior Leaders to Rise at T. Rowe Price; No Change to Moat or FVE
We're not going to read too much into the announcement from wide-moat-rated T. Rowe Price that current chairman and chief investment officer Brian Rogers will be retiring his role as CIO at the end of March 2017. Rogers, who is 61 years old (well shy of T. Rowe Price's mandatory retirement age of 72), has been with the firm for close to 35 years, so we're glad to see that he is staying on as nonexecutive chairman (not wanting the company's senior leadership to lose that knowledge and experience)...T. Rowe Price Group is a financial services holding company that provides global investment management services. The company provide a range of United States mutual funds, subadvised funds, separately managed accounts, and other T. Rowe Price products. The company also provides certain investment advisory clients with related administrative services, including distribution, mutual fund transfer agent, accounting, and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans; brokerage; and trust services. The company also provide non-discretionary advisory planning services to fund shareholders and potential investors.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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