T. Rowe Price to Acquire F/m Investments
By Kelly Cloonan
T. Rowe Price Group plans to acquire F/m Investments, a fixed-income asset manager that specializes in exchange-traded funds.
The investment management firm said Thursday the deal aims to bolster its fixed-income capabilities, accelerate growth in its ETF business and broaden its offerings.
F/m Investments had about $19 billion in assets under management as of July 31 across ETFs, institutional separate accounts, and both taxable and municipal separately managed accounts.
T. Rowe Price expects its fixed-income assets under management would increase by nearly 9% with the close of the deal, more than doubling its fixed-income ETF assets under management and expanding its fixed income SMA business.
The companies expect the transaction to close in early 2027. They didn't disclose the financial terms of the deal.
Upon the close of the deal, F/m would operate as "F/m Investments, a T. Rowe Price Company," keeping its brand, leadership, investment approach and day-to-day operating model.
F/m Chief Executive Alexander Morris would report to T. Rowe Price's head of global fixed income, Arif Husain, and F/m employees would become T. Rowe Price associates.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
August 20, 2026 17:08 ET (21:08 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States