T. Rowe Price portfolio managers utilize proprietary research to guide active investment selection and diversification to help mitigate risk. Asset manager T Rowe Price has unveiled a free robo-advice service to attract new customers to its actively managed mutual funds. ActivePlus Portfolios will provide asset allocation expertise, rebalancing and advice, all funded by the expense ratio of the underlying funds for individual retirement account investors who have $50,000 or more to invest. The service, which is available on both mobile devices and desktop computers, was developed in partnership with Betterment, an investment advisory firm that specializes in automated portfolio management. Each portfolio will consist of eight to 12 of the company's mutual funds.
Asset manager T Rowe Price has unveiled a free robo-advice service to attract new customers to its actively managed mutual funds. ActivePlus Portfolios will provide asset allocation expertise, rebalancing and advice, all funded by the expense ratio of the underlying funds for individual retirement account investors who have $50,000 or more to invest. The service, which is available on both mobile devices and desktop computers, was developed in partnership with Betterment, an investment advisory firm that specializes in automated portfolio management. Each portfolio will consist of eight to 12 of the company's mutual funds.