Adviser Record

T. Rowe Price Associates, Inc.

Registered investment adviser · Baltimore, MD · CRD #105496

Form ADV data as of 2026-09-01
Regulatory assets
$2.20 trillion
Total accounts
6,889
Employees
3,760
Disclosure events
0

Firm details

Disciplinary disclosures

This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.

Assets and accounts

Provides continuous and regular supervisory or management servicesYes
Discretionary regulatory assets under management$2.20 trillion
Non-discretionary regulatory assets under management$0
Total regulatory assets under management$2.20 trillion
Discretionary accounts6,889
Non-discretionary accounts0
Total accounts6,889
Regulatory assets under management attributable to non-U.S. persons$108.25 billion

People

Total employees (excluding clerical)3,760
Employees performing investment advisory functions (including research)545
Employees who are registered representatives of a broker-dealer253
Employees registered as investment adviser representatives with a state39
Employees registered as IARs for another investment adviser0
Employees who are licensed insurance agents0
Firms or persons who solicit advisory clients on the firm's behalf0

Custody

Has custody of client cash or bank accountsYes
Has custody of client securitiesYes
Client funds and securities held in the firm's custody$182.68 billion
Clients for whom the firm has custody2,296
A related person has custody of client cash or bank accountsYes
A related person has custody of client securitiesYes
Client funds and securities held in a related person's custody$482.46 billion
Clients for whom a related person has custody1,408
The firm acts as a qualified custodianNo
A related person acts as a qualified custodianNo
Number of persons acting as qualified custodians for the firm's clients36

How the firm is compensated

A percentage of assets under managementPerformance-based fees

Advisory services offered

Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)

Other business activities

Commodity pool operator or commodity trading advisor

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Commodity pool operator or commodity trading advisorTrust companySponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Client types

Type of clientClientsAssets
Individuals (other than high net worth individuals)181$0
High net worth individuals680$5.14 billion
Banking or thrift institutionsNot reported$348.6 million
Investment companies355$1.18 trillion
Pooled investment vehicles (other than investment companies and BDCs)379$797.53 billion
Pension and profit sharing plans (not the participants or government plans)214$68.53 billion
Charitable organizations76$1.85 billion
State or municipal government entities (including government pension plans)92$53.87 billion
Other investment advisersNot reported$95.7 million
Insurance companies56$30.47 billion
Sovereign wealth funds and foreign official institutions12$26.21 billion
Corporations or other businesses not listed above88$13.59 billion
Other4,754$16.23 billion