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T.rowe Price Hong Kong Limited Review

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T.rowe Price Hong Kong Limited, registered in 2011, serves 1 state(s) with a licensed staff of 58 advisors. T.rowe Price Hong Kong Limited manages $18.5 billion and provides investment advisory services for 35 clients (1:1 advisor/client ratio).



Firm Information


Summary Firm
Minimum Investment Ask firm
Average Client Balance $529,210,391
Total AUM $18.5 billion
Fee Range Ask firm
Advisor / Client Ratio 1:1
Languages Offered Ask firm
Specialities Ask firm
Website Visit Site
Phone Number 852-253-6780
Headquarters , Hong Kong Island
Locations See locations
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SEC Filings View SEC IAPD CRD #155827


Disciplinary Questions


After checking the disciplinary records of T.rowe Price Hong Kong Limited, our system found no disciplinary questions to ask. Checks take place monthly.



Conflict Questions


After checking the regulatory records of T.rowe Price Hong Kong Limited, our system has identified the following question(s) to ask. Learn more.


Is T.rowe Price Hong Kong Limited also a Broker-Dealer or are they affiliated with one? What conflicts arise from this relationship? How does T.rowe Price Hong Kong Limited mitigate them?


Currently T.rowe Price Hong Kong Limited is also a Broker-Dealer or is affiliated with one. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds, cross-selling of commissioned insurance products, and the sale of proprietary investment products. All of these conflicts can negatively impact clients via hidden fees and overall higher costs.


Does T.rowe Price Hong Kong Limited offer mutual funds that have 12b-1 fees?


12b-1 fees increase the total annual cost of owning a mutual fund with no guarantee of higher returns. Some firms receive these fees as payments, which creates an incentive to promote them.


Regulatory disclosures state that T.rowe Price Hong Kong Limited sells proprietary investments and products. Please provide me a list of the products and a summary of how much T.rowe Price Hong Kong Limited earns from them.


T.rowe Price Hong Kong Limited recommends proprietary investments and products that could generate larger commissions than other similar non-proprietary products. This could also limit the number and diversity of investment options available to you and may impact their transferability. Do not be afraid to ask how much they will earn from the product or what other non-proprietary options are available.


Does T.rowe Price Hong Kong Limited offer products that have performance-based fees, or does it accept performance-based fees? Will any of my assets be invested in those products?


When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. For instance, research has shown that mutual funds that use incentive fees take on more risk that funds that do not, and tend to double down and increase their risk following a poor performance. This could be detrimental to a client during down markets.


Does T.rowe Price Hong Kong Limited perform side-by-side management? How does T.rowe Price Hong Kong Limited mitigate conflicts that arise from managing accounts with differing fee structures?


This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their retail clients.


Does T.rowe Price Hong Kong Limited accept soft-dollar benefits? How do these benefits affect the firm’s selection of a broker-dealer partner?


T.rowe Price Hong Kong Limited receives soft-dollar benefits that could incentivize them to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best trade execution for their clients.


Which securities does T.rowe Price Hong Kong Limited trade for itself that it will also be recommending to me?


T.rowe Price Hong Kong Limited has marked in their disclosures that they trade recommended securities. While this often can be seen as "eating your own cooking," there are several inherent conflicts that can arise. For example, front running is when a financial professional buys or sell securities ahead of their client. In short, any financial professional should disclose all positions they hold (or have sold short) that they will also be recommending to you.


Our system found no other conflict questions to ask. Checks take place monthly.



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Disciplinary History


An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.

As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for T.rowe Price Hong Kong Limited:




Cost


Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response. To learn more, explore our series of articles about what financial advisors do and what it may cost to work with one, as well as what their titles mean and how to make a smart choice.

Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").


View Fee Disclosures




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This automated report was generated using SEC and FINRA data and was last updated on October 4th, 2022*. For data support, email "support@investor.com". Firms that receive a 4.5 or 5-star rating are considered Trusted by investor.com. Learn more.


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