T. Rowe Price Associates, Inc

CRD#105496
Investment Advisor Firm

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Overview

T. Rowe Price Associates, Inc operates as a financial advisor company located in Baltimore, Maryland. The firm manages $2.0 trillion in total assets throughout 3,526 accounts, making it one of the biggest firms in the country by assets under management (AUM). It has a very large group, including 526 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 customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are exchangable financial investments such as bonds, options and equities.

T. Rowe Price Associates, Inc oversees 3,520 of the firm's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor has the discretion to make transaction choices without requiring the client's permission. It also has six non-discretionary accounts totaling $597.0 million in assets under management. The advisory firm's typical account size is $570.1 million. The typical advisor at T. Rowe Price Associates, Inc administers around seven client accounts, making it one of the more personalized financial advisor firms in the country.

T. Rowe Price Associates, Inc’s headquarters is at 100 East Pratt Street, Baltimore, Maryland 21202. T. Rowe Price Associates, Inc is legally allowed to provide services to investors across 51 U.S. states and territories.

Assets Under Management

$2.0 trillion

Number of Advisors

526

Disclosures

No

Office Location

100 East Pratt Street
Baltimore, MD 21202

T. Rowe Price Associates, Inc by the Numbers

Total Assets Under Management

$2.0 trillion

National Average: $9.0 billion
Total Number of Employees

3,707

National Average: 71,771
Total Number of Accounts

3,526

National Average: 4,329
Average Account Size

$570.2 million

National Average: $2.1 million

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Fee Structure

A financial advisor's fees are based on the type of services offered. However, fees billed by the company most likely consist of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.

Available

  • Offered by 70% 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 26% 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 21% 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 1% 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 0% 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 33% 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 10% 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 company manages money for a broad range of clients. The company works with high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, corporations and other. Out of its 3,526 accounts, T. Rowe Price Associates, Inc's largest client group by number of accounts is other, but it also manages money for 591 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). About 59% of the company's customers are non-U.S. persons.

  • High-Net-Worth Individuals* - 16.78%
  • Other Individuals - 0%
  • Corporations - 80.75%
  • Charitable Organizations - 2.47%

* 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

Olufemi Millar
Owings Mills, MD
Curtis Donald
Baltimore, MD
Cynthia Ramirez
Colorado Springs, CO
Adam Byard
Phoenix, AZ
Lauren Semeniuta
Santa Monica, CA
Sylvia Helfrich
Colorado Springs, CO
Christopher Arkfeld
Colorado Springs, CO
Adam Cohen
Baltimore, MD
Christopher Ferrara
Raleigh, NC

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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