A big Midwestern mutual fund firm has reached retirement age, but don't expect them to take that path.
| Jonathan Stuart Thomas
American Century Investments
, president and CEO of American Century Investments
that today is the asset manager's 65th birthday
. The milestone comes as the American Century team, in collaboration with Dimensional Innovations
(DI), is unveiling
new design, technology, and art upgrades for their Kansas City, Missouri headquarters.
"As we celebrate our 65th anniversary, our new storytelling experience reflects our thriving culture, rooted in kindness, collaboration and a higher purpose," Thomas states.
Thomas confirms that the late Jim Stowers
launched American Century on Halloween in 1958 with a pair of funds, three employees, and 24 clients. 65 years later, the firm has a team of more than 1,400 employees across nine offices, with $210 billion in AUS (as of October 12). Thomas also notes that, due to American Century's unconventional structure (which is designed to support medical research), since 2000 the firm has donated nearly $2 billion to the Stowers Institute for Medical Research
"On this milestone day, I want to offer my deepest appreciation to all the amazingly talented teammates at American Century Investments who bring their determination and dedication to delighting clients daily in everything we do," Thomas writes. "I also want to share my thanks to each and every client who has been part of our journey and allowed us to play a trusted role in helping them plan their financial futures."
Editor's Note: A prior version of this story misattributed one of Jonathan Thomas' quotes to someone else.
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