Profile: T. Rowe Price Group Inc (TROW.OQ)

TROW.OQ on NASDAQ Stock Exchange Global Select Market

9 Feb 2016
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T. Rowe Price Group, Inc., incorporated on February 4, 2000, is a financial services holding company. The Company provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. Its 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 United States and other countries; individual United States investors on a direct basis; the United States defined contribution retirement plans, and institutional investors globally. The assets that it manages include a range of the United States and international stock, blended asset, bond and money market mutual funds, and other investment portfolios. It offers advisory services and a distribution management service. It provides administrative services as ancillary services to its investment advisory clients.

The assets that the Company manages include a range of the United States and international stock, blended asset, bond and money market mutual funds, and other investment portfolios. The Company offers advisory services, including management of stable value investment contracts and a distribution management service for the disposition of equity securities its clients receive from third-party venture capital investment pools. The Company offers blended equity and asset allocation investment strategies, including target-date retirement investment portfolios. The Company employs fundamental and quantitative security analysis in the performance of the investment advisory function. The Company also performs industry and company research using sources, such as inspection of corporate activities, management interviews, company-published financial and other information, financial newspapers and magazines, corporate rating services and field checks with suppliers and competitors in the same industry and particular business sector. The Company also uses research provided by brokerage firms and security analysts, and information received from private economists, political observers, commentators, government experts and market analysts. Its securities selection process for some investment portfolios is based on quantitative analysis using computerized data modeling. The Company provides seed capital for the new investment portfolio to enable the portfolio manager to begin building an investment performance history.

The Company provides certain administrative services as ancillary services to its investment advisory clients. These administrative services are provided by the Company's subsidiaries and include mutual fund transfer agent, accounting, distribution and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans investing in the Company's 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 offers services to clients in 36 countries across the world.

Price funds

The Company provides investment advisory, distribution and other administrative services to the Price funds. 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. The Company's subsidiaries provide advisory-related administrative services to the Price funds and their shareholders. T. Rowe Price Services provides mutual fund transfer agency and shareholder services, including maintenance of staff, facilities, 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 both the Price funds and funds outside the Price fund complex.

The Company provides trustee services through its subsidiary, T. Rowe Price Trust Company, which offers collective investment trusts for investment by qualified retirement plans and serves as trustee for employer sponsored retirement plans and other retirement products. 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. An investment portfolio evaluation service is an integral part of these services. An ongoing checkup service is also offered by the Company to assist an investor in remaining on track to achieve their financial goals. The Company's subsidiary, T. Rowe Price Investment Services, is the distributor of the Price funds.

Other investment portfolios

The Company provides investment advisory services to the other investment portfolio clients through its subsidiaries. The Company provides these services on a separately managed or sub-advised account basis and through sponsored investment portfolios, including collective investment trusts, target-date retirement trusts, Luxembourg-based funds offered to investors outside the United States and portfolios offered through variable annuity life insurance plans in the United States. The Company's subsidiaries, T. Rowe Price (Luxembourg) Management Sarl and T. Rowe Price International provide management company and investment management services, respectively, to the Company's Luxembourg-based SICAVs (Societe d'Investissement a Capital Variable) and FCPs (Fonds Commun de Placement).

Company Address

T. Rowe Price Group Inc

100 East Pratt Street
P.O. Box 89000
BALTIMORE   MD   21289-0320
P: +1410.3452000

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