NEW YORK, Aug. 16 /PRNewswire/ -- TD Waterhouse Institutional Services, a
division of TD Waterhouse Group, Inc. (NYSE: TWE; TSE), the global online
financial services firm, has partnered with T. Rowe Price (Nasdaq: TROW), one
of the nation's largest mutual fund companies, to offer TD Waterhouse's U.S.
financial advisor clients access to the T. Rowe Price Advisor Class Funds.
TD Waterhouse's 3,000 financial advisor clients can now purchase ten T.
Rowe Price funds for their clients without a transaction fee. Each Advisor
Class fund shares the same proven portfolio as the corresponding T.Rowe Price
retail fund and represents an investment style popular in asset allocation
programs. The Advisor Class features funds across a variety of style and
market capitalization segments including: Equity Income, Value, Blue Chip
Growth, Mid-Cap Growth, Small-Cap Stock, Small-Cap Value, International Stock,
Science & Technology, High Yield, and International Bond.
"TD Waterhouse Institutional strives to provide advisors with maximum
choice in managing their client's portfolios," said J. Thomas Bradley, Jr.,
President of TD Waterhouse Institutional Services. "T. Rowe Price funds are a
popular choice among our financial advisor clients due to their proven long-
term performance record, style consistency and commitment to risk management.
The ability to access these funds without a transaction fee is a significant
benefit for advisors and their clients."
"For individuals turning to advisors for help in managing their
investments, we are very pleased to offer our Advisor Class funds through TD
Waterhouse's fine group of financial advisor clients," commented John Cammack,
a managing director of T. Rowe Price and head of third party distribution.
"Advisors have frequently asked that the T. Rowe Price funds be added to
our NTF program. We are proud to be among the first firms to offer the T.
Rowe Price Advisor shares to our investment advisor clients," added Peter
Mangan, Chief Operating Officer of Mutual Funds for TD Waterhouse Group, Inc.
About TD Waterhouse
TD Waterhouse Group, Inc., (NYSE: TWE; TSE), provides investors and
financial advisors with a broad range of brokerage, mutual fund, banking and
other consumer financial products on an integrated basis. Worldwide, TD
Waterhouse currently services 3.1 million active customer accounts in the
United States, Canada, the United Kingdom, Australia, and Hong Kong. The firm
also has joint ventures in Japan, Luxembourg and India to serve investors in
those countries. TD Waterhouse can be found on the Internet at
http://www.tdwaterhouse.com and on America Online at Keyword: TD Waterhouse.
In the U.S., brokerage services provided by TD Waterhouse Investor Services,
Inc.
About T. Rowe Price
Founded in 1937, Baltimore-based T. Rowe Price is one of the nation's
leading mutual fund companies and provides investment management services to
individual investors, financial intermediaries, institutional clients, and
corporate retirement programs. The firm and its affiliates managed $158.6
billion in assets as of June 30, 2001. More information is available at
http://www.troweprice.com.
SOURCE TD Waterhouse Group, Inc.
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Related links:
http://www.tdwaterhouse.com
http://www.troweprice.com
CONTACT:
Melissa Fox of TD Waterhouse,
+1-212-908-3101, MelissaFox@TDWaterhouse.com; or Brian Lewbart of
T. Rowe Price, +1-410-345-2242, blewbart@troweprice.com
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