T. Rowe Price

The New America High Income Fund, Inc. Declares Dividend

Retrieved on: 
Monday, April 1, 2024
T. Rowe Price, HYB

The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure.

Key Points: 
  • The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure.
  • Rowe Price”).
  • As of December 31, 2023, T. Rowe Price and its affiliates managed approximately $1.4 trillion of assets, including approximately $20 billion of “high yield” investments.
  • T. Rowe Price has provided investment advisory services to investment companies since 1937.

T. ROWE PRICE: 401(K) ACCOUNT BALANCES SOARED IN 2023, ESPECIALLY AMONG YOUNGER RETIREMENT SAVERS

Retrieved on: 
Monday, April 8, 2024
Retirement, Reference Point, T. Rowe Price, Ageing, Legislation, Financial adviser

BALTIMORE, April 8, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today published its annual benchmarking report on 401(k) plan design and participant behavior, and found average account balances increased by 14% to $115,000, aided by strong performance in the financial markets. This is the second highest average the firm has seen in 10 years, just below the $124,000 high in 2021. Gains were especially strong among participants aged 20-29, who experienced an increase of 27%.

Key Points: 
  • This is the second highest average the firm has seen in 10 years, just below the $124,000 high in 2021.
  • Gains were especially strong among participants aged 20-29, who experienced an increase of 27%.
  • Meanwhile, 401(k) plan participation saw a decline from 66% in 2022 to 63% in 2023.
  • The annual benchmarking report, Reference Point, is based on the firm's full-service 401(k) recordkeeping client data for 2023.

Morningstar Report Reveals Collective-Investment Trusts Poised to Overtake Mutual Funds in Target-Date Strategies in 2024

Retrieved on: 
Tuesday, March 26, 2024
Finance, Public Relations, Investor Relations, Communications, Professional Services, Asset Management, Report, Vanguard, Research, CIT, BlackRock, Morningstar, Inc., T. Rowe Price, Fidelity, Retirement, Consultant, Capital Group Companies, Financial adviser

“Investors in target-date strategies largely experienced positive returns in 2023, after the market turmoil of 2022.

Key Points: 
  • “Investors in target-date strategies largely experienced positive returns in 2023, after the market turmoil of 2022.
  • CITs now represent 49% of the market and are on pace to overtake mutual funds as the most popular target-date vehicle this year.
  • Vanguard, T. Rowe Price, and BlackRock have the majority of their assets in CITs, while Fidelity and American Funds have a larger asset base in mutual funds.
  • Morningstar today published a Fund Spy article on Morningstar.com that reviews the latest ratings for target-date fund series covered by Morningstar analysts, available here .

Equity Residential Appoints Ann C. Hoff and Nina P. Jones to Board of Trustees

Retrieved on: 
Tuesday, March 19, 2024
REIT, Other Construction & Property, Residential Building & Real Estate, Construction & Property, Urban Planning, Simon Property Group, Equity Residential, Organization, Audit, Business, Trustee, Reno 1868 FC, University, Audit committee, T. Rowe Price, SPG, Park MGM, MGM, Marketing, Restaurant, EQR, MGM Resorts International

Equity Residential (NYSE: EQR) today announced the appointment of Ann C. Hoff and Nina P. Jones to the Company’s Board of Trustees to serve until the next annual meeting of shareholders.

Key Points: 
  • Equity Residential (NYSE: EQR) today announced the appointment of Ann C. Hoff and Nina P. Jones to the Company’s Board of Trustees to serve until the next annual meeting of shareholders.
  • Both Ms. Hoff and Ms. Jones qualify as independent trustees under the New York Stock Exchange’s listing standards.
  • Ms. Hoff will serve on the Audit Committee and Ms. Jones will serve on both the Audit and Corporate Governance Committees.
  • Ferguson Partners, a firm specializing in Board and executive recruitment in the REIT industry, advised Equity Residential in recruiting Ms. Hoff for this Board role.

Inflation Appears Under Control, says Economy Panel at Quinnipiac University's G.A.M.E. XIII Forum

Retrieved on: 
Friday, March 22, 2024
Deutsche Bank, Quinnipiac University, Conference, The Conference Board, University, Unemployment, Hoarding, Federal, Bank, DNA, Artificial intelligence, Bloomberg Markets, AI, T. Rowe Price, Fed, Federal Reserve, Multimedia, Baby boomers

NEW YORK, March 22, 2024 /PRNewswire/ -- The "Outlook for U.S. and Global Economy in 2024" panel on the first day of Quinnipiac University's 13th Global Asset Management Education (G.A.M.E.)

Key Points: 
  • NEW YORK, March 22, 2024 /PRNewswire/ -- The "Outlook for U.S. and Global Economy in 2024" panel on the first day of Quinnipiac University's 13th Global Asset Management Education (G.A.M.E.)
  • Forum in New York was optimistic that inflation is, with bumps in the road, on the correct downward course.
  • Uruçi said two percent "is not magical," and said it might make sense to set a range for acceptable inflation numbers.
  • Uruçi said AI is creating jobs and adding value to tech companies, and will possibly lead to shorter work weeks.

PCS Retirement's Strategic Leadership Expansion to Bolster Growth and Client Services

Retrieved on: 
Thursday, March 21, 2024
TIAA, Retirement, Trust, Head, Marketing, T. Rowe Price, Fidelity Investments, Investment, Financial adviser

PHILADELPHIA, March 21, 2024 /PRNewswire/ -- PCS Retirement, a leading provider of comprehensive retirement plan solutions, is excited to announce the appointment of two industry veterans to its executive team. Joining PCS are John Kahle as Head of Sales and Marketing and Dave Jones as Head of Operations and Client Services, roles that underscore the company's commitment to excellence in operational quality, client satisfaction, and market responsiveness.

Key Points: 
  • Dave Jones brings three decades of industry knowledge to his new position as the Head of Operations and Client Services.
  • His successful track record and holistic approach to client services perfectly align with PCS Retirement's values.
  • Supporting this strategic evolution are key structural developments, such as the introduction of the Strategic Account Management function under John Kahle's leadership.
  • Strategic Account Management will be aligned with PCS Retirement's goal to deepen partnerships with their most valued clients, fortifying relationships and exploring growth opportunities.

Betterment for Advisors Adds Mutual Funds to Custom Portfolios

Retrieved on: 
Thursday, March 21, 2024
Retirement, Adviser, PIMCO, T. Rowe Price, RIA, Fidelity, Vanguard, RIAS, ETF, Betterment, Financial adviser

NEW YORK, March 21, 2024 /PRNewswire/ -- Betterment, the largest independent digital financial advisor, today announced that Betterment for Advisors, its RIA custody division, is adding thousands of mutual funds to its custom portfolio construction menu for the first time.

Key Points: 
  • NEW YORK, March 21, 2024 /PRNewswire/ -- Betterment, the largest independent digital financial advisor, today announced that Betterment for Advisors , its RIA custody division, is adding thousands of mutual funds to its custom portfolio construction menu for the first time.
  • "Betterment for Advisors is laser-focused on delivering a holistic platform that includes flexible portfolio options for RIAs across retirement and wealth," said Tom Moore, head of Betterment for Advisors.
  • "Adding mutual funds has long been advisors' top request, and we are thrilled to be able to offer this capability."
  • With this update financial advisors can now combine mutual funds and ETFs in their custom models on the Betterment for Advisors platform.

T. ROWE PRICE: INVESTORS WITH A FORMAL FINANCIAL PLAN HAVE DOUBLE THE WEALTH ENTERING RETIREMENT

Retrieved on: 
Tuesday, March 19, 2024
Retirement, T. Rowe Price, Pension

BALTIMORE, March 19, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today published a new report that reveals the importance of financial planning for retirement. The report shows a correlation between individuals with a formal financial plan and having two to four times more wealth when entering retirement compared to those without one. Individuals with a financial plan are also more likely to contribute more toward their retirement and work with a financial advisor.

Key Points: 
  • The report shows a correlation between individuals with a formal financial plan and having two to four times more wealth when entering retirement compared to those without one.
  • Individuals with a financial plan are also more likely to contribute more toward their retirement and work with a financial advisor.
  • Ultimately, having a formal financial plan tailored to one's specific needs can help not only with wealth accumulation, but also with making retirement savings last longer."
  • Retirement Income was a key theme in T. Rowe Price's 2024 U.S. Retirement Market Outlook .

ASSEMBLY EXPANDS GLOBAL LEADERSHIP TEAM WITH NEW ELEVATIONS

Retrieved on: 
Tuesday, March 19, 2024
Education, Assembly, Growth, Timmerman, EVP, Original equipment manufacturer, T. Rowe Price, Originality, Lenovo, B2B, Stagwell, Lippa, Fast-moving consumer goods, Management

NEW YORK, March 19, 2024  /PRNewswire/ -- Today, global media agency Assembly announced it is elevating two of its senior leaders to take on expanded roles aimed at boosting global reach, operational efficiency, and innovation. Andrea Timmerman, North America EVP Client Experience, has been promoted to Global Chief Client Officer, and Tim Lippa, North America EVP Strategy Head of Consultancy, has been promoted to Global Chief Product Officer. Both roles, reporting to Global CEO Rick Acampora, are the first strategic elevations under his leadership, marking a significant milestone for the agency. These elevations underscore the agency's commitment to leveraging seasoned leadership to navigate the complexities of the global market, infusing more client-centricity around the globe, and truly operating within the organizational design Acampora transformed for the agency in his previous role as Global Chief Operating Officer. In their global roles, Timmerman and Lippa will also be responsible for working closely with regional leadership to ensure best-in-class delivery and to ensure global consistency.

Key Points: 
  • Both roles, reporting to Global CEO Rick Acampora, are the first strategic elevations under his leadership, marking a significant milestone for the agency.
  • In their global roles, Timmerman and Lippa will also be responsible for working closely with regional leadership to ensure best-in-class delivery and to ensure global consistency.
  • "I couldn't be more confident in the agency we are today and where we are going," said Rick Acampora, Assembly Global CEO.
  • Davis will partner with Global CCO and client leadership teams to drive retention, growth, innovation, and client satisfaction for key clients, like Lenovo and T. Rowe Price.

The Chertoff Group grows cadre of Senior Advisors with Geopolitical Risk and Corporate Security Expertise

Retrieved on: 
Thursday, March 7, 2024
Woman, Professional, Schieder, T. Rowe Price, Senior advisor, Defence Intelligence Agency (India), Central Intelligence Agency, Flexport, Knowledge, Risk

WASHINGTON, D.C., March 07, 2024 (GLOBE NEWSWIRE) -- The Chertoff Group , a global security risk management and growth advisory firm, is pleased to announce the addition of two distinguished senior advisors to its team.

Key Points: 
  • WASHINGTON, D.C., March 07, 2024 (GLOBE NEWSWIRE) -- The Chertoff Group , a global security risk management and growth advisory firm, is pleased to announce the addition of two distinguished senior advisors to its team.
  • “We are pleased to welcome Ted and Bill to The Chertoff Group.
  • At The Chertoff Group he will engage with Security Risk & Resilience clients.
  • The Chertoff Group enjoys an outstanding global reputation of professionalism and integrity within the security space.