T. Rowe Price Associates, Inc

CRD#105496
Investment Advisor Firm

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Overview

T. Rowe Price Associates, Inc is a financial advisory company that has its headquarters in Baltimore, Maryland. T. Rowe Price Associates, Inc handles $940.6 billion in assets under management over 2,445 accounts, placing it among the largest investment advisory firms in the United States by assets under management (AUM). The company has a very large group of 3,759 employees, of which 444 are financial advisors. T. Rowe Price Associates, Inc is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets like equities, options and bonds.

T. Rowe Price Associates, Inc oversees most of the company's accounts in a discretionary manner. Discretionary management means that transaction judgments for the client's account are made by an investment advisor without requiring the client's consent. The firm also manages four non-discretionary accounts totaling $564.8 million in assets. The firm's typical account size is $384.9 million. The average financial advisor at T. Rowe Price Associates, Inc administers around six client accounts, placing it among 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 allowed to serve clients across 52 U.S. states and territories.

Assets Under Management

$940.6 billion

Number of Advisors

444

Fee Structure

Asset-based, Performance-based

Disclosures

Yes

Office Location

100 East Pratt Street
Baltimore, MD 21202

T. Rowe Price Associates, Inc by the Numbers

Total Assets Under Management

$940.6 billion

National Average: $3.3 billion
Total Number of Employees

3,759

National Average: 4,943
Total Number of Accounts

2,445

National Average: 2,522
Average Account Size

$384.7 million

National Average: $1.3 million

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Fee Structure

Financial advisory fees largely depend on the financial services offered. Fees charged by T. Rowe Price Associates, Inc likely consist of any combination of the following fee structures: asset-based or performance-based. The company does participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

Available

  • Offered by 75% 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 37% 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 3% 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

T. Rowe Price Associates, Inc manages money for a broad range of investors. It provides services to retail investors, 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 types of clients. Out of its 2,445 clients, T. Rowe Price Associates, Inc's largest client by number of accounts is other, but it also caters to 423 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 12% of its customers reside abroad.

  • High-Net-Worth Individuals* - 17.3%
  • Other Individuals - 0.53%
  • Corporations - 79.02%
  • Charitable Organizations - 3.15%

* 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 has disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at T. Rowe Price Associates, Inc

Cameron Carty
Woodstock, GA
Anjanette Kallas
Corte Madera, CA
Adam Varga
Broomfield, CO
Derek Fisher
Chatham, NJ
John Halaby
Baltimore, MD
Matthew Boren
Wilmette, IL
Andrew Pizza
Staten Island, NY
Tyler Vanzandt
Manhattan Beach, CA
Lloyd James
Aurora, CO

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This content was compiled from the SEC and FINRA