T. Rowe Price Associates, Inc

CRD#105496
Investment Advisor Firm

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Overview

T. Rowe Price Associates, Inc operates as an advisory firm headquartered in Baltimore, Maryland. It administers $1.2 trillion in total assets over 2,778 customer accounts, making it one of the largest financial advisory firms in the country by assets under management (AUM). It has a very large group of 3,586 employees, of which 529 are financial advisors. T. Rowe Price Associates, Inc does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are tradable financial investments such as bonds, stocks and options.

T. Rowe Price Associates, Inc administers more than half of the firm's client assets on a discretionary basis. Discretionary management signifies that buy and sell judgments are made by a portfolio manager without requiring the client's consent. The company also administers four non-discretionary accounts totaling $580.5 million in AUM. The advisory firm's average account size is $427.8 million. The average financial advisor at T. Rowe Price Associates, Inc manages around five client accounts, placing it among the more personalized financial advisor firms in the country.

The company's headquarters is at 100 East Pratt Street, Baltimore, Maryland 21202. It is legally permitted to serve investors throughout 51 U.S. states and territories.

Assets Under Management

$1.2 trillion

Number of Advisors

529

Disclosures

No

Office Location

100 East Pratt Street
Baltimore, MD 21202

T. Rowe Price Associates, Inc by the Numbers

Total Assets Under Management

$1.2 trillion

National Average: $3.7 billion
Total Number of Employees

3,586

National Average: 29
Total Number of Accounts

2,778

National Average: 2,073
Average Account Size

$427.8 million

National Average: $1.8 million

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Fee Structure

Fees charged by financial advisors largely depend on the services provided. Fees billed by T. Rowe Price Associates, Inc most likely include the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by T. Rowe Price Associates, Inc.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm does business with a number of different investors. It provides services to high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds, corporations and other. Out of its 2,778 clients, T. Rowe Price Associates, Inc's largest client group by number of accounts is other, though it also manages money for 454 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). About 11% of its accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 16.34%
  • Other Individuals - 0%
  • Corporations - 80.99%
  • Charitable Organizations - 2.66%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

T. Rowe Price Associates, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at T. Rowe Price Associates, Inc

Christopher Aceto
Baltimore, MD
Matthew Jones
Owings Mills, MD
Andrew La Fontaine
Owings Mills, MD
Hector Mendez
Westlake Village, CA
Brianna Beski
Colorado Springs, CO
Brandon Williams
Colorado Springs, CO
Adam Peach
Cincinnati, OH
Elizabeth Lozier
Mission Hills, KS
Jacob Ziegler
Colorado Springs, CO

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This content was compiled from the SEC and FINRA