The announcement focuses on new investment products for the wealth channel, including co-branded asset allocation model portfolios and multi-asset market solutions incorporating alternative investments. Plans are in place to launch by mid-2026. The goal is to improve retirement savers’ results with exposure to high-quality alternatives. New funds in Asia have been introduced, and the ETF business is growing with $19 billion in AUM.

The company is developing a strategic partnership with Goldman Sachs to offer alternative investment solutions. The focus is on enhancing performance and partnering with clients to develop broader solutions. Expenses are being managed efficiently to align with revenue growth. Adjusted EPS for Q3 2025 was $2.81, driven by higher revenue and net outflows of $7.9 billion. Fixed income, multi-asset, and alternatives had positive net flows, with investment advisory fees up over 4% from Q3 2024.

The company is working on launching new ETFs and active ETF strategies, aiming to capitalize on the growing demand for ETFs. Investments in marketing and distribution are yielding positive results, with plans to expand ETF offerings in the future. The company’s performance has been impacted by market conditions, particularly in a narrow market environment. Efforts are underway to address stock selection issues and improve performance in challenging sectors.

The sister target date series will include allocations to T. Rowe Price public equities and fixed income, OHA private credit, and other alternatives from Goldman Sachs. The design ensures competitive all-in fees despite higher fee private market allocations. The goal is to offer a compelling product with a balance of underlying costs for platform placement. The company is optimistic about the potential success of the new series in the market.

Read more at Yahoo Finance: T Rowe Price (TROW) Q3 2025 Earnings Transcript