Dechert Advises T. Rowe Price on Proposed Acquisition of F/m Investments

Dechert advised T. Rowe Price Group, Inc., a global investment management firm, on its agreement to acquire F/m Investments LLC.

F/m Investments, a fixed income asset manager and exchange-traded fund (ETF) specialist with approximately US$19 billion in assets under management as of July 31, 2026, offers a range of fixed income ETFs, institutional separate accounts and separately managed account strategies. The acquisition is expected to expand T. Rowe Price's fixed income ETF and separately managed account capabilities.

The Dechert team advising T. Rowe Price was led by corporate partners Ken Young and Steve Pratt with corporate associate Ranjini Ramesh and financial services partner Adam Teufel. The broader team included corporate associates Sam Biermann and Yanchao Di; financial services partner Robert Shapiro and associates Katherine Coghlan, Jennifer DiNuccio, Amanda Motley, Diana Tao and Cindy Wu; tax partner Joshua Milgrim and associate Insung Kim; employee benefits partner Kevin Kay and associates Brie Michaelson and Tabitha Crosier.

About Dechert

Dechert is the law firm that helps business leaders lead.

For more than 150 years, we have advised clients on critical issues, from high-stakes litigation to first-in-market transaction structures and complex regulatory matters. Our lawyers in commercial centers worldwide are immersed in the key sectors we serve: financial services, private capital, real estate, life sciences and technology.

Dechert delivers unwavering partnership so our clients can achieve unprecedented results.