T. Rowe Price Group, Inc., a financial services holding company, through its subsidiaries, provides investment advisory services to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investment portfolios. The company also provides its investment advisory clients with related administrative services. The company operates its investment advisory business through its subsidiary companies, primarily T. Rowe Price Associates, Inc., T. Rowe Price International, Inc., and T. Rowe Price Global Investment Services Limited. Services The company’s assets under management are accumulated from a client base across four primary distribution channels: third-party financial intermediaries that distribute its 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. The company manages a range of U.S. and international stock, blended asset, bond, and money market mutual funds and other investment portfolios. As of December 31, 2010, the funds closed to new investors included Institutional Mid-Cap Equity Growth; Institutional Small-Cap Stock; Mid-Cap Growth; and Mid-Cap Value. The company also offers equity and asset allocation investment strategies, including target retirement-date investment portfolios, as well as 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 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 its sponsored mutual funds; recordkeeping services for defined contribution retirement plans investing in mutual funds outside the T. Rowe Price complex; brokerage; and trust services. In 2010, the company completed the purchase of a 26% equity interest in UTI Asset Management Company. Price Funds The company provides investment advisory, distribution, and other administrative services to the Price funds under various agreements. Investment advisory services are provided to each fund under individual investment management agreements that grant the fund the right to use the T. Rowe Price name. Advisory Services: Each of the Price funds has a distinct investment objective. The Investor class of all Price funds can be purchased in the United States on a no-load basis. No-load mutual fund shares offer investors a method of directly investing in various stock and bond portfolios. Certain of the Price funds also offer Advisor and R classes of shares that are distributed to mutual fund shareholders and defined contribution retirement plans, respectively, through third-party financial intermediaries. The company’s subsidiary, T. Rowe Price Investment Services, is the principal distributor of the Price funds and enters into agreements with each intermediary. Administrative Services: The company provides advisory-related administrative services to the Price funds through its subsidiaries. T. Rowe Price Services, Inc. provides mutual fund transfer agency and shareholder services, including maintenance of staff, facilities, and technology and other equipment to respond to inquiries from fund shareholders. T. Rowe Price Associates provides mutual fund accounting services, including maintenance of financial records, preparation of financial statements and reports, daily valuation of portfolio securities, and computation of daily net asset values per share. T. Rowe Price Retirement Plan Services provides participant accounting, plan administration, and transfer agent services for defined contribution retirement plans that invest in the Price funds. The company’s trustee services are provided by another subsidiary, T. Rowe Price Trust Company. Through this Maryland-chartered limited-service trust company, the company offers common trust funds for investment by qualified retirement plans and serves as trustee for retirement plans and IRAs. Another subsidiary, T. Rowe Price Savings Bank, issues federally insured certificates of deposit. The company also provides non-discretionary advisory planning services to fund shareholders and potential investors through its subsidiary T. Rowe Price Advisory Services. These services include retirement planning services, such as saving for retirement, transitioning into retirement, and income in retirement. Other Investment Portfolios The company provides investment advisory services to these clients through its subsidiaries on a separately managed or sub-advised account basis and through sponsored investment portfolios, such as common trust funds, Luxembourg-based mutual funds, and variable annuity life insurance plans. As of December 31, 2010, these portfolios included investments in U.S. stocks, international stocks, stable value assets, and bonds and money market securities. History T. Rowe Price Group, Inc. was founded in 1937.
t rowe price group inc (TROW:NASDAQ GS)
100 East Pratt Street
Baltimore, MD 21202
|Affiliated Managers Group Inc||$207.21 USD||+1.99|
|Invesco Ltd||$38.73 USD||+0.64|
|Northern Trust Corp||$66.07 USD||+0.58|
|TD Ameritrade Holding Corp||$30.70 USD||-0.45|
|Carlyle Group LP/The||$34.05 USD||+0.55|
|View Industry Companies|
Sponsored Financial Commentaries
To contact T ROWE PRICE GROUP INC, please visit www.troweprice.com. Company data is provided by Capital IQ. Please use this form to report any data issues.