T. Rowe Price to Acquire F/m Investments
T. Rowe Price Group (“T. Rowe”) announced, on August 20, 2026, its agreement to acquire F/m Investments. Under the terms of the transaction, which is expected to close in early 2027, F/m Investments will operate as “F/m Investments, a T. Rowe Price Company,” and will retain its brand, leadership, investment approach, and day-to-day operations. Further terms of the transaction were not disclosed.
T. Rowe Price (NASDAQ-GS: TROW), based in Baltimore, Maryland, is an investment management firm offering asset management, investment management and retirement planning services. As of July 31, 2026, T. Rowe Price had approximately $1.87 trillion in client assets.
F/m Investments, based in Washington, D.C., is a registered investment advisor, fixed income asset manager, and ETF specialist focused on delivering fixed income solutions. As of July 31, 2026, F/m Investments had approximately $19 billion in assets under management. Oppenheimer & Co. acted as exclusive advisor to F/m Investments in the transaction.
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