BALTIMORE, April 3, 2017 /PRNewswire/ -- T. Rowe Price
Group (NASDAQ-GS: TROW) announced today that for the first-time,
retail investors and registered investment advisors (RIAs) are able
to purchase Investor Class shares of its mutual funds through
Charles Schwab & Co., Inc.
(Schwab)'s Mutual Fund OneSource® service with no-transaction-fee
(NTF). This new agreement is effective on April 3, 2017.
"This offer marks an important stage in the evolution of fund
distribution at T. Rowe Price," said Steve
Larson, head of U.S. Intermediaries - Platform Services for
T. Rowe Price. "It gives investors and RIAs a way to access T. Rowe
Price funds that they haven't had before through Schwab. The
investment marketplace is increasingly becoming more cost-conscious
and being on OneSource underscores our longstanding commitment to
offering high-quality funds focused on long-term performance at a
low cost."
Delivering on this commitment, Mr. Larson said that more than
100 T. Rowe Price Investor Class funds will be available to
individual investors using Schwab Mutual Fund OneSource®
with no sales charge, no 12b-1 fee, and no-transaction-fee. The
funds' presence on the service will also give RIAs greater
flexibility to choose the T. Rowe Price Investor Class funds for
their clients' investment needs, he added.
In addition, Schwab will also make the institutionally priced T.
Rowe Price I Class share available to RIAs who custody their
clients' assets at Schwab for a transaction fee.
For more information about T. Rowe Price and its funds, please
visit www.troweprice.com.
Download a prospectus (link to:
https://www4.troweprice.com/gis/fai/us/en/search.html/literature/Prospectus)
T. Rowe Price mutual funds are subject to ongoing management
fees and may be subject to redemption fees. See prospectus for
details. All funds are subject to market risk, including possible
loss of principal.
T. Rowe Price Investment Services, Inc., distributor.
Mutual Fund OneSource® is a registered mark of Charles Schwab & Co., Inc. and used with
permission.
Any information provided by T. Rowe Price should not be
considered either a recommendation by Schwab or a solicitation of
any offer to purchase or sell any securities, and Schwab makes no
representations regarding T. Rowe Price's content.
Charles Schwab & Co., Inc.,
member SIPC, receives remuneration from fund companies
participating in Schwab's Mutual Fund OneSource® service for record
keeping, shareholder services and other administrative services.
Schwab also may receive remuneration from transaction fee fund
companies for certain administrative services.
ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based
T. Rowe Price Group, Inc. (troweprice.com) is a global investment
management organization with $810.8
billion in assets under management as of December 31, 2016. The organization provides a
broad array of mutual funds, subadvisory services, and separate
account management for individual and institutional investors,
retirement plans, and financial intermediaries. The company also
offers sophisticated investment planning and guidance tools. T.
Rowe Price's disciplined, risk-aware investment approach focuses on
diversification, style consistency, and fundamental research.
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SOURCE T. Rowe Price Group