Clients
T. Rowe Price Associates serves 6,887 clients, 4,754 of them other clients. The average client has about $319 million with the firm, and high-net-worth clients hold 0% of its $2196.5 billion in assets.
- Investment companies355 clients54%
- Pooled investment vehicles379 clients36%
- Pension and profit-sharing plans214 clients3%
- State or municipal government entities92 clients2%
- OtherHigh-net-worth individuals, Banking or thrift institutions, Charitable organizations, Other investment advisers, Insurance companies, Sovereign wealth funds and foreign official institutions, Corporations and other businesses, Other4%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 181 | $0 | 0.0% | $0 |
| High-net-worth individuals | 680 | $5,138,428,857 | 0.2% | $7.56M |
| Banking or thrift institutions | Not reported | $348,554,965 | 0.0% | — |
| Investment companies | 355 | $1,182,598,559,774 | 53.8% | $3.33B |
| Pooled investment vehicles | 379 | $797,526,867,381 | 36.3% | $2.10B |
| Pension and profit-sharing plans | 214 | $68,533,088,297 | 3.1% | $320.2M |
| Charitable organizations | 76 | $1,849,051,320 | 0.1% | $24.3M |
| State or municipal government entities | 92 | $53,871,472,084 | 2.5% | $585.6M |
| Other investment advisers | Not reported | $95,736,574 | 0.0% | — |
| Insurance companies | 56 | $30,472,048,038 | 1.4% | $544.1M |
| Sovereign wealth funds and foreign official institutions | 12 | $26,205,484,195 | 1.2% | $2.18B |
| Corporations and other businesses | 88 | $13,585,415,644 | 0.6% | $154.4M |
| Other | 4,754 | $16,227,880,340 | 0.7% | $3.41M |
| Total | 6,887 | $2,196,452,587,469 | 100% | $318.9M |
- Clients
- 181
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
- Clients
- 680
- Regulatory AUM
- $5,138,428,857
- Share
- 0.2%
- Avg. per client
- $7.56M
- Clients
- Not reported
- Regulatory AUM
- $348,554,965
- Share
- 0.0%
- Avg. per client
- —
- Clients
- 355
- Regulatory AUM
- $1,182,598,559,774
- Share
- 53.8%
- Avg. per client
- $3.33B
- Clients
- 379
- Regulatory AUM
- $797,526,867,381
- Share
- 36.3%
- Avg. per client
- $2.10B
- Clients
- 214
- Regulatory AUM
- $68,533,088,297
- Share
- 3.1%
- Avg. per client
- $320.2M
- Clients
- 76
- Regulatory AUM
- $1,849,051,320
- Share
- 0.1%
- Avg. per client
- $24.3M
- Clients
- 92
- Regulatory AUM
- $53,871,472,084
- Share
- 2.5%
- Avg. per client
- $585.6M
- Clients
- Not reported
- Regulatory AUM
- $95,736,574
- Share
- 0.0%
- Avg. per client
- —
- Clients
- 56
- Regulatory AUM
- $30,472,048,038
- Share
- 1.4%
- Avg. per client
- $544.1M
- Clients
- 12
- Regulatory AUM
- $26,205,484,195
- Share
- 1.2%
- Avg. per client
- $2.18B
- Clients
- 88
- Regulatory AUM
- $13,585,415,644
- Share
- 0.6%
- Avg. per client
- $154.4M
- Clients
- 4,754
- Regulatory AUM
- $16,227,880,340
- Share
- 0.7%
- Avg. per client
- $3.41M
Total
- Clients
- 6,887
- Regulatory AUM
- $2,196,452,587,469
- Share
- 100%
- Avg. per client
- $318.9M
What it does
T. Rowe Price Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets and performance-based fees.
T. Rowe Price Associates advises 7 private funds.
100.0% of assets ($2196.45B across 6,889 accounts) are managed with discretion. $2.33B sits in a wrap fee program the firm both sponsors and manages. 4% of clients are outside the U.S., and 83 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks54%
- Funds1%
- Bonds28%
- High-yield corporate bonds10%
- Investment grade corporate bonds9%
- U.S. government and agency bonds6%
- Sovereign bonds2%
- State and local bonds1%
- Cash6%
- Other11%
- Derivatives7%
- Securities that could not be captured in the designated asset types based on our system configuration4%
Custodians
T. Rowe Price Associates’ client accounts are held mainly at State Street Bank & Trust, with 4% of managed assets, and Northern Trust, with 2%. T. Rowe Price Associates has custody of $182.68B for 2,296 clients.
- The Bank of New York MellonThe Bank of New York Mellon Corporation · New York, NY · $29.90B1%
- Northern TrustNorthern Trust Corporation · Chicago, IL · $36.68B2%
- State Street Bank & TrustState Street Bank & Trust Company · Boston, MA · $91.02B4%
- All other custodians$2038.85B93%
Ownership and leadership
T. Rowe Price Group, Inc. owns 75% or more of T. Rowe Price Associates.
- Owns 75% or more of T. Rowe Price Associates, Inc.
T. Rowe Price Group, Inc.
Control person · since December 2000
Leadership
- Robert SharpsPresident/Director
- Savonne FergusonChief Compliance Officer
- Jennifer DardisDirector
- David OestreicherChief Legal Officer/Director
- Eric VeielDirector
Staff
- 3,760 employees
- 545 in advisory functions
- 39 state-registered reps
- 253 broker-dealer reps
Fees
T. Rowe Price Associates is paid through a percentage of assets under management and performance-based fees.
T. Rowe Price Associates’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, T. Rowe Price Associates has 5 offices, with 6 listed addresses across 5 states.
Maryland · 2 listed addresses
- 1307 Point Street, BaltimoreHQ
- T. Rowe Price Associates, Inc., Owings Mills
California · 1 listed address
- T. Rowe Price Associates, Inc., San Francisco
Colorado · 1 listed address
- T. Rowe Price Associates, Inc., Colorado Springs
District of Columbia · 1 listed address
- T. Rowe Price Associates, Inc., Washington
New York · 1 listed address
- T. Rowe Price Associates, Inc., New York
Registration details
- Legal name
- T. Rowe Price Associates, Inc.
- Headquarters
- 1307 Point Street, Baltimore, MD 21231
- Phone
- 410-345-2000
- Website
- www.troweprice.com
- SEC file
- 801-856
- Structure
- Maryland corporation
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does T. Rowe Price Associates have?
T. Rowe Price Associates has 6,887 clients and manages $2196.5 billion for them, as of July 2026. They include 4,754 other clients, 680 high-net-worth individuals and 379 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 July 2026
What services does T. Rowe Price Associates offer?
T. Rowe Price Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does T. Rowe Price Associates use?
T. Rowe Price Associates’ separately managed account assets are held at State Street Bank & Trust Company (Boston, MA), with $91,021,913,860, Northern Trust Corporation (Chicago, IL), with $36,677,008,248 and The Bank of New York Mellon Corporation (New York, NY), with $29,901,207,814. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 July 2026
How many financial advisors does T. Rowe Price Associates have?
T. Rowe Price Associates has 39 investment adviser representatives registered with state securities authorities, out of 3,760 employees, and 545 perform investment advisory functions. 253 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does T. Rowe Price Associates invest in?
At the end of its last fiscal year, T. Rowe Price Associates’ separately managed accounts held 54% exchange-traded equities, 10% high-yield corporate bonds, 9% investment grade corporate bonds, 7% derivatives, 6% U.S. government and agency bonds, 6% cash and equivalents, 4% securities that could not be captured in the designated asset types based on our system configuration, 2% sovereign bonds, 1% state and local bonds and 1% registered funds (mutual funds, ETFs, BDCs). It advises 7 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns T. Rowe Price Associates?
T. Rowe Price Associates’ direct owner is T. Rowe Price Group, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 6 July 2026
How does T. Rowe Price Associates get paid?
T. Rowe Price Associates is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file