PRICE T ROWE GROUP INC

Overview

T. Rowe Price Group, Inc. is a global financial-services company focused on investment management. Through its subsidiaries, it provides investment advisory services and offers equity, fixed-income, multi-asset and alternative investment capabilities. Its clients include individuals, financial advisers, institutions and retirement-plan sponsors; related services include retirement-plan recordkeeping, administration, brokerage and trust services. The company describes its purpose as helping people thrive in an evolving world.[1]

The company serves clients internationally, with clients in 60 countries and 7,773 associates globally as of December 31, 2025. Its global headquarters is in Baltimore, Maryland.[2][3]

For scale, T. Rowe Price reported net revenues of $7.315 billion for 2025. Its assets under management were $1.893 trillion as of June 30, 2026.[4][5] [1]+4

Products & services

Price T. Rowe Price offers investment strategies across equity, fixed income, multi-asset and alternatives. Equity products include growth, core, value, concentrated, quantitative, impact and tax-efficient strategies spanning U.S. and international markets. Fixed-income offerings include money-market and stable-value strategies, municipal and taxable bonds, investment-grade and high-yield credit, floating-rate loans, securitized credit, government and inflation-protected securities, and global and emerging-market debt.[6]+2

Multi-asset offerings include Target Date, Custom Target Date, Global Income, Managed Volatility, Target Allocation, Real Assets, Global Allocation and Retirement Income strategies. Alternatives capabilities include private credit, stressed and distressed debt, leveraged loans, CLOs, mezzanine investments, real assets and structured products.[9][10] Investment vehicles include mutual funds, active ETFs, separately managed accounts, subadvisory accounts, model portfolios and managed accounts; these can support customized investment guidelines, tax-aware portfolios and retirement-plan allocations.[11]+2

Services include retirement-plan recordkeeping and support for plan sponsors and participants, as well as retirement advice that can combine financial planning, retirement-spending strategies, active portfolio management and advisor access.[14][15] At year-end 2025, assets under management were $1,775.6 billion: equity 49.5%, multi-asset 35.3%, fixed income including money market 11.9%, and alternatives 3.3%. For the six months ended June 30, 2026, advisory fees were $3,427.8 million, comprising equity 58.0%, multi-asset 30.3%, fixed income including money market 6.6%, and alternatives 5.2%; these are asset and fee mixes, not product-level profit shares.[16][17] [6]+15

Geographic presence

T. Rowe Price’s operations are concentrated in the Baltimore, Maryland region, Colorado Springs, Fort Worth, New York City, and London. It also identifies personnel offices in Sydney, Hong Kong, Singapore, Tokyo, and Luxembourg.[18] Its regulated entities and jurisdictions extend beyond the U.S. to the UK, Hong Kong, Singapore, Canada, Luxembourg, Australia, Japan, Switzerland, and the Isle of Man.[19]

The company reports serving clients in 60 countries, a measure of client reach rather than revenue distribution.[20] Its FY2025 filing describes revenue and net income as generated globally but does not report geographic revenue percentages or country-level revenue.[21] At December 31, 2025, it reported 7,773 associates firmwide; the filing does not provide a regional employee breakdown.[22] [18]+5

Business segments

T. Rowe Price reports one operating and reportable segment: investment management services. Its activities include investment advisory services for individual and institutional investors across equity, fixed-income, multi-asset and alternative investments, alongside related distribution, transfer agency, fund accounting, shareholder services, retirement-plan recordkeeping, brokerage and trust services.[23]

The sole segment represents approximately 100% of reported net revenues; the company reported consolidated net revenues of $3,764.4 million for the six months ended June 30, 2026. This is a company-wide segment figure, not a revenue breakdown by investment or service category.[24][25] [23]+2

Company history

Thomas Rowe Price Jr. founded the firm in Baltimore in 1937 as an investment-management business. It launched its first mutual fund, the Growth Stock Fund, in 1950, followed by the New Horizons Fund in 1960, which focused on smaller, growing companies.[26]+2 The firm began expanding internationally in 1979 through a partnership with Robert Fleming Holdings, opened offices in Tokyo in 1982 and Hong Kong in 1987, and acquired full ownership of the international venture in 2000.[29]+2

T. Rowe Price went public in 1986; in 2000, T. Rowe Price Group, Inc. was established as the publicly traded parent holding company.[32] In 2021, the company completed its acquisition of Oak Hill Advisors, expanding into alternative credit.[33] Rob Sharps became president and CEO in 2022, succeeding Bill Stromberg, and Eric Veiel became president in June 2026 while Sharps remained chair and CEO.[34][35] [33]+9

Sources

• PRICE T ROWE GROUP INC — Full financial report (2025 Y)
  12 citations

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• www.troweprice.com[2]
• www.troweprice.com[3]
• PRICE T ROWE GROUP INC — Full financial report (2026 Q 2)
  4 citations

  [5][17][23][24]
• PRICE T ROWE GROUP INC — Presentation (2025 Y)[11]
• www.troweprice.com[12]
• www.troweprice.com[13]
• www.troweprice.com[14]
• www.troweprice.com[15]
• www.troweprice.com[20]
• PRICE T ROWE GROUP INC — Press release (2026 Q 2)[25]
• www.troweprice.com[26]
• www.troweprice.com[27]
• www.troweprice.com[28]
• www.troweprice.com[29]
• www.troweprice.com[30]
• www.troweprice.com[31]
• investors.troweprice.com[32]
• PRICE T ROWE GROUP INC — Full financial report (2021 Y)[33]
• investors.troweprice.com[34]
• investors.troweprice.com[35]