PMs from T. Rowe Price and Wells Fargo's asset management chief all came to New York City today to woo the press, the former with investment trends and the latter with research.

On the T. Rowe side, three PMs came to the Big Apple this morning to show their expertise in an increasingly important part of T. Rowe's business, multi-asset investing. The Baltimore-based asset manager now has about $274 billion in multi-asset AUM, multi-asset chief Sebastien Page confirms, and they're allocating resources accordingly.

"I just hired about 25 people within the investment team over the last 18 months," Page told reporters this morning at the breakfast briefing panel discussion, held at Convene in midtown.

Page and two of his PMs, Rick de los Reyes and Wyatt Lee, talked about target date funds, retirement income, and more. Ed Giltenan, head of global PR, moderated the discussion.

Then Wells Fargo Asset Management CEO Kristi Mitchem and her team brought reporters to Le Bernadin, on the other side of midtown, for a lunch briefing. Mitchem and Fred Axsater, her strategic business segments chief, presented research on "Millennials, Money and the Happiness factor," reinforced by observations from Kathryn Minshew, CEO and co-founder of the Muse. They see the research as reinforcing the importance of ESG investing and financial literacy education and urge FAs and plan sponsors to find ways to meet millennials where they are.

Wells Fargo's research found big happiness, financial literacy, and financial confidence gaps between men and women. Yet those gaps shrink dramatically among what Mitchem calls the "PFI group" (positive financial indicator group) of millennials who affirmed all five of these statements: "I pay monthly expenses," "I save for future needs," "I am saving for retirement," "I set and achieve my financial goals," and "I feel in control of my financial life." 

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