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T. Rowe Price Group, Inc.

T. Rowe Price Group, Inc.

Sector: Investment Advice Region: MD, United States


: | Nasdaq: TROW


T. Rowe Price Group, Inc. is a financial services holding company that provides investment advisory services to individual and institutional investors in sponsored mutual funds and other managed investment portfolios through its subsidiaries. It operates investment advisory business through its subsidiary companies, primarily T. Rowe Price Associates, Inc., and T. Rowe Price International Ltd. The company’s assets under management are accumulated from a diversified client base across four primary distribution channels: third-party financial intermediaries that distribute managed investment portfolios in the U.S. and other countries; individual U.S. investors on a direct basis; U.S. defined contribution retirement plans; and institutional investors in the U.S. and other countries. It manages a broad range of U.S. and international stock, blended asset, bond, and money market mutual funds and other investment portfolios that are designed to meet the varied and changing needs and objectives of individual and institutional investors. The company also offers systematic, tax-efficient, and blended equity and asset allocation investment strategies, including target retirement-date investment portfolios, as well as active, systematic and municipal tax-free management strategies for fixed income investments. Its specialized advisory services include management of stable value investment contracts and a distribution management service for the disposition of equity securities received from third-party venture capital investment pools. The company also provides certain administrative services as ancillary services to its investment advisory clients. These administrative services are provided by several of its subsidiaries and include mutual fund transfer agent, accounting, and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans investing in sponsored mutual funds; recordkeeping services for defined contribution retirement plans investing in mutual funds outside the T. Rowe Price complex; brokerage; and trust services. The company was founded by Thomas Rowe Price, Jr. in 1937 and is headquartered in Baltimore, MD.

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