T. Rowe Price Expands Claude Use Across Investment Process

T. Rowe Price and Anthropic announced the expansion of Claude across the firm’s investment organization on September 10, 2026. Portfolio managers and analysts are using Claude and Claude Cowork for fundamental research, while developers are building investment tools with Claude Code.

Application Areas

The firm applies these tools to three specific parts of the investment process:

• Research: Investment professionals use Claude Cowork to synthesize complex information, freeing up time for analysis and debate.
• Multi-step processes: Teams utilize Claude Cowork for knowledge-intensive tasks requiring consistency and oversight.
• Tool building: Developers work with Claude Code to build and improve tools supporting investment and operating teams.

Governance and Strategy

This deployment operates under the AI leadership model T. Rowe Price announced in August, which places AI leaders inside Investments and Global Distribution. T. Rowe Price Labs, the firm’s enterprise AI and data innovation hub, is responsible for evaluating and scaling AI across the organization. Each application remains owned by the business and governed by standards for responsible use, ensuring human judgment stays central to client outcomes.

Peter Nolan, Head of Asset and Wealth Management at Anthropic, noted that while most enterprise AI deployments start in the back office, T. Rowe Price began with the people who pick securities. Eric Veiel, President and Chief Investment Officer at T. Rowe Price, described Claude as an extension of the firm's nearly 90-year research process, allowing professionals to cover more ground and go deeper on critical issues.