T. Rowe Price Associates, Inc

CRD#105496
Investment Advisor Firm

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Learn more about T. Rowe Price Associates, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    T. Rowe Price Associates, Inc is located at 100 East Pratt Street, Baltimore, MD. The firm employs 535 financial advisors to manage client portfolios and provide financial guidance. T. Rowe Price Associates, Inc is not a registered broker-dealer.

    T. Rowe Price Associates, Inc oversees $1.8 trillion in assets under management across 4,696 accounts, of which 4,685 are discretionary and 11 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and selection of other advisers. The firm caters to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds, corporations, and other types of investors, with the largest client type by accounts being categorized as "other." The fee structure at T. Rowe Price Associates, Inc includes asset-based and performance-based fees. The firm has 546 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, a trust company, and a commodity pool advisor.

    T. Rowe Price Associates, Inc is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $1.8 trillion

    Number of Advisors

    535

    Disclosures

    No

    Office Location

    100 East Pratt Street
    Baltimore, MD 21202

    T. Rowe Price Associates, Inc by the Numbers

    Total Assets Under Management

    $1.8 trillion

    National Average: $8.6 billion
    Total Number of Employees

    3,814

    National Average: 64
    Total Number of Accounts

    4,696

    National Average: 375,227
    Average Account Size

    $373.1 million

    National Average: $23.0 thousand
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    Products and Services

    T. Rowe Price Associates, Inc provides a variety of financial services, which can consist of portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and selection of other advisers. Notably, T. Rowe Price Associates, Inc did not provide any of its customers with financial planning services in the previous financial year. It is not involved in selling products or offering services other than investment advisory services to its investment advisory accounts.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    A financial advisor's fees largely depend on the type of services offered. Fees charged by T. Rowe Price Associates, Inc most likely consist of any combination of the following fee types: asset-based or performance-based. The firm does participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% 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 32% 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 firm does business with a broad range of customers. The company provides services to high net worth investors, 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 10 clients, T. Rowe Price Associates, Inc's largest client type by number of accounts is investment companies, but it also caters to 546 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 at least $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 11.63%
    • Other Individuals - 0%
    • Corporations - 86.77%
    • Charitable Organizations - 1.6%

    * 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

    Jonathan Crooks
    Monkton, MD
    Benjamin Rubin
    Owings Mills, MD
    Jason Oconnor
    Colorado Springs, CO
    Matthew Scarlata
    Owings Mills, MD
    Martin Tischler
    New York, NY
    Jazmin Walle
    Owings Mills, MD
    Monai Pearson
    Owings Mills, MD
    Noel Doiron
    Scottsdale, AZ
    John Escario
    Baltimore, MD

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