T. Rowe Price Associates, Inc. (Baltimore)

Name: T. Rowe Price Associates, Inc.
Address: 100 East Pratt Street, Baltimore, MD, 21202
Telephone: 410-345-2000

T. Rowe Price Associates, Inc. is a large advisory firm based in Baltimore. It manages $940.64 billion of regulatory assets for 2,445 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

T. Rowe Price Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

T. Rowe Price Associates: assets under management

The assets under management (AUM) of T. Rowe Price Associates, Inc. is $940.64 billion. The firm's AUM has grown by 631% since the beginning of its operation, and $45.3 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $940.07 billion in discretionary accounts and $564.8 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $385.12 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $141.2 million.

T. Rowe Price Associates has custody of $127.01 billion in cash and securities for 1,501 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 8% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay T. Rowe Price Associates, Inc. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Edward Cage Bernard serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Edward Cage Bernard is investment companies with 287 clients and $706.43 billion of assets under management. Among the 14 most similar advisory firms, T. Rowe Price Associates has the 7th highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $940.42 billion for 1,689 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 12% of the firm’s clients are foreign persons or businesses.

T. Rowe Price Associates also advises several private funds. Namely, six other private funds and four private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.

Careers at T. Rowe Price Associates, Inc.

The company employs 3,759 people that are either part- or full-time employees. 12 percent of the employees work as investment advisers or researchers. 67 employees are registered as investment adviser representatives with the state securities authorities.

There are 7 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Edward Cage Bernard has been acting as President since 1 Jan 2007. Brian Charles Rogers has served as the Chief Investment Officer since 1 Jan 2007. Robert W Sharps joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Augustine Roche	Chairman of the board/president/managing director	1 Apr 1973	Other	1778848
Michael David Testa	Vice chairman of the board/cio/managing director	1 Mar 1975	Other	1778863
James Sellers Riepe	Vice chairman of the board/managing director	1 Dec 1982	Other	376471
John Henry Laporte	Managing director	1 Sep 1989	Other	1775492
Henry Holt Hopkins	Clo/managing director	1 Nov 1990	Other	721195
James Aloysius Charles Kennedy	Director/managing director	1 Nov 1990	Other	1781375
William Tharp Reynolds	Director/managing director	1 Nov 1990	Other	1775494
Brian Charles Rogers	Managing director	1 Jul 1991	Other	1775500
Stephen William Boesel	Managing director	1 Oct 1993	Other	1710949
Mary John Miller	Managing director	1 Oct 1993	Other	1778920
Charles Edward Vieth	Managing director	1 Oct 1993	Other	1063010
Edward Cage Bernard	Director/managing director	1 Oct 1995	Other	2743171
Charles Alan Morris	Managing director	1 Oct 1995	Other	1781800
Richard Thomas Whitney	Managing director	1 Oct 1995	Other	1781461
Preston Goddard Athey	Managing director	1 Apr 1997	Other	1775670
Brian William Heward Berghuis	Managing director	1 Apr 1997	Other	1778883
Michael Alan Goff	Managing director	1 Apr 1997	Other	1795819
George Andrew Murnaghan	Managing director	1 Apr 1997	Other	730183
Edmund Matthew Notzon	Managing director	1 Apr 1997	Other	2338022
Robert Todd Ruppert	Managing director	1 Apr 1997	Other	1768045
Joseph Allman Carrier	Director of compliance	1 Nov 1997	Other	4333445
Gregory A. Mccrickard	Managing director	1 Sep 1998	Other	4333466
Wayne David Omelia	Managing director	1 Sep 1998	Other	2130392
Larry Joseph Puglia	Managing director	1 Sep 1998	Other	4333496
John Richard Rockwell	Managing director	1 Sep 1998	Other	402124
Robert Winston Smith	Managing director	1 Sep 1998	Other	2723849
William Joseph Stromberg	Managing director	1 Sep 1998	Other	1781473
Joseph Paul Croteau	Treasurer	1 Feb 2000	Other	1924501
Barbara A. Vanhorn	Secretary	1 Feb 2000	Other	4333501
Barbara Ann Vanhorn	Secretary	1 Feb 2000	Other	4333501
John Haworth Cammack	Managing director	1 Apr 2000	Other	840132
Nancy Marie Morris	Managing director	1 Apr 2000	Other	2672014
Maria Nalywayko	Managing director	1 Apr 2000	Other	4333490
Mark John Vaselkiv	Managing director	1 Apr 2000	Other	4333502
Martin Gerald Wade	Managing director	1 Apr 2000	Other	2335278
Christopher David Alderson	Managing director	1 Aug 2000	Other	2335270
John Richard Ford	Managing director	1 Aug 2000	Other	2335275
David John Lynton Warren	Managing director	1 Aug 2000	Other	2335277
Ian Kelson	Managing director	1 Nov 2000	Other	4333804
Inc. T. Rowe Price Group	Direct owner	1 Dec 2000	75% - 100%	52-2264646
T. Rowe Price Group	Direct owner	1 Dec 2000	75% - 100%	52-2264646
Cristina Wasiak	Chief financial officer	1 Jul 2002	Other	1088375
John Raymond Gilner	Director of compliance	1 Oct 2003	Other	1909214
Brian Charles Rogers	Chief investment officer/vice president	1 Dec 2003	Other	1775500
Kenneth Van Moreland	Chief financial officer	1 Mar 2004	Other	4779425
Kenneth V. Moreland	Chief financial officer	1 Mar 2004	Other	4779425
Mary John Miller	Director	1 Apr 2004	Other	1778920
David John Lynton Warren	Director	1 Apr 2004	Other	2335277
John Raymond Gilner	Chief compliance officer	1 Jul 2004	Other	1909214
Edward Cage Bernard	Director	1 Jan 2007	Other	2743171
James Aloysius Charles Kennedy	President/director	1 Jan 2007	Other	1781375
Brian Charles Rogers	Chief investment officer/director	1 Jan 2007	Other	1775500
David Nmn Oestreicher	Chief legal officer/secretary	1 Mar 2008	Other	4594569
David Oestreicher	Chief legal officer (effective 3/31/2008)	1 Mar 2008	Other	4594569
William Joseph Stromberg	Director	1 Apr 2009	Other	1781473
Michael Craig Gitlin	Director	1 Dec 2009	Other	3223640
Timothy Scott Dignan	Treasurer	1 Mar 2010	Other	4723631
William Joseph Stromberg	President/director	1 Jan 2016	Other	1781473
Robert W Sharps	Director	1 Oct 2018	Other	7027404

Based in Baltimore

The principal office where T. Rowe Price Associates, Inc. performs its advisory services is located at 100 East Pratt Street, Baltimore, MD 21202, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-345-2000 or by fax 410-345-6575. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at troweprice.com.