T. Rowe Price

T. Rowe Price Group, Inc.
Company typePublic
IndustryInvestment Management
Founded1937; 87 years ago (1937)
FounderThomas Rowe Price Jr.
Headquarters100 East Pratt Street, ,
U.S.
Key people
Products
RevenueDecrease US$6.46 billion (2023)
Decrease US$1.99 billion (2023)
Increase US$1.79 billion (2023)
AUMIncrease US$1.44 trillion (2023)
Total assetsIncrease US$12.3 billion (2023)
Total equityIncrease US$9.51 billion (2023)
Number of employees
7,868[1] (2023)
ASN6566 Edit this at Wikidata
Websitetroweprice.com
Footnotes / references
[2][3]

T. Rowe Price Group, Inc. is an American publicly owned global investment management firm that offers funds, subadvisory services, separate account management, and retirement plans and services for individuals, institutions, and financial intermediaries.[4] The firm has assets under management of more than $1.51 trillion and annual revenues of $6.48 billion as of 2023, placing it 537 on the Fortune 1000 list of the largest U.S. companies.[1] Headquartered at 100 East Pratt Street in Baltimore, Maryland, it has 7,868 employees[1] across 17 international offices serving clients in 55 countries.[5]

The firm was founded in 1937 by Thomas Rowe Price, Jr. who is best known for developing the growth stock philosophy of investing. As of 2019, the company is focused on active management after strategically deciding against a major initiative in passive investment.[6]

Consistently ranked among the world's top asset managers, T. Rowe Price was named one of the best places to work in money management by Pensions&Investments and was one of Fortune's most admired companies in 2020.[7][8]

  1. ^ a b c "T. Rowe Price ranking". Fortune. March 26, 2024. Retrieved March 26, 2024.
  2. ^ "T. Rowe Price names new CEO as Stromberg looks to retire". Pensions&Investments. 29 July 2021. Retrieved 2022-02-13.
  3. ^ "US SEC: Form 10-K T. Rowe Price Group, Inc". U.S. Securities and Exchange Commission. 16 February 2024.
  4. ^ "T. ROWE PRICE GROUP REPORTS FIRST QUARTER 2022 RESULTS" (PDF). T. Rowe Price. Retrieved October 2, 2022.
  5. ^ "About Us". T. Rowe Price. Retrieved March 26, 2024.
  6. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  7. ^ "Awards and Recognitions". T. Rowe Price. Retrieved 2021-07-23.
  8. ^ "T. Rowe Price Named to Fortune Magazine's "World's Most Admired" List for the Twelfth Consecutive Year". 2022-03-14.