{
  "crd_number": 105496,
  "slug": "t-rowe-price-associates-inc-baltimore-md-105496",
  "primary_business_name": "T. ROWE PRICE ASSOCIATES, INC.",
  "legal_name": "T. ROWE PRICE ASSOCIATES, INC.",
  "dbas": [],
  "city": "Baltimore",
  "state": "MD",
  "country": "United States",
  "cbsa_code": "12580",
  "metro": {
    "cbsa_code": "12580",
    "common_name": "Baltimore",
    "msa_name": "Baltimore-Columbia-Towson, MD",
    "path": "/advisors/md/baltimore"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1947-03-29",
  "years_registered": 79,
  "period": "2026-10-01",
  "filing_date": "2026-07-06",
  "carried_forward": false,
  "raum_total": 2196452587469.0,
  "raum_discretionary": 2196452587469.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 3760,
  "advisory_employees": 545,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 16227880340.0,
      "count": 4754,
      "description": "SMA PROGRAM CLIENTS"
    },
    "charitable": {
      "raum": 1849051320.0,
      "count": 76
    },
    "individuals": {
      "raum": 0.0,
      "count": 181
    },
    "banking_thrift": {
      "raum": 348554965.0,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 53871472084.0,
      "count": 92
    },
    "insurance_companies": {
      "raum": 30472048038.0,
      "count": 56
    },
    "investment_companies": {
      "raum": 1182598559774.0,
      "count": 355
    },
    "pension_profit_sharing": {
      "raum": 68533088297.0,
      "count": 214
    },
    "other_investment_advisers": {
      "raum": 95736574.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 5138428857.0,
      "count": 680
    },
    "pooled_investment_vehicles": {
      "raum": 797526867381.0,
      "count": 379
    },
    "corporations_other_businesses": {
      "raum": 13585415644.0,
      "count": 88
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 26205484195.0,
      "count": 12
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://troweprice.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105496",
  "city_as_filed": "BALTIMORE",
  "url": "https://advisorcensus.com/firm/t-rowe-price-associates-inc-baltimore-md-105496",
  "display_name": "T. Rowe Price Associates, Inc.",
  "summary": "T. Rowe Price Associates, Inc. is an SEC-registered investment advisory firm in Baltimore, MD, registered since 1947, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 6, 2026.",
  "citation": "AdvisorCensus. T. Rowe Price Associates, Inc. (CRD 105496): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is T. Rowe Price Associates, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), T. Rowe Price Associates, Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is T. Rowe Price Associates, Inc. located?",
      "a": "T. Rowe Price Associates, Inc.'s principal office is in Baltimore, MD, according to its Form ADV; the August 2026 filing also lists 5 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is T. Rowe Price Associates, Inc. registered with the SEC or a state?",
      "a": "T. Rowe Price Associates, Inc. is an SEC-registered investment advisory firm, registered since 1947. Status as filed: Approved. CRD 105496."
    },
    {
      "q": "How much does T. Rowe Price Associates, Inc. manage?",
      "a": "T. Rowe Price Associates, Inc. reports $2,196,452,587,469 in regulatory assets under management in its Form ADV filing dated July 6, 2026 (100% discretionary)."
    },
    {
      "q": "How have T. Rowe Price Associates, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for T. Rowe Price Associates, Inc.: Regulatory assets under management: $1,817,230,190,842 in the October 2021 data and $2,196,452,587,469 in the October 2026 data, up 21%. Total employees: 3,746 in October 2021 and 3,760 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does T. Rowe Price Associates, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: other (4,754); high net worth individuals (680); pooled investment vehicles (other than investment companies and business development companies) (379)."
    },
    {
      "q": "Which custodians does T. Rowe Price Associates, Inc. use?",
      "a": "T. Rowe Price Associates, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Northern Trust Corporation, State Street Bank & Trust Company and The Bank of New York Mellon Corporation as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does T. Rowe Price Associates, Inc. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105496"
    },
    {
      "q": "What changed in T. Rowe Price Associates, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 533 to 545. Regulatory assets under management went from $1,934,233,243,730 to $2,196,452,587,469 (+14%). Changed its office addresses in San Francisco, CA. No longer lists an office in New York, NY. No longer lists an office in Owings Mills, MD."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1817230190842.0,
      "total_employees": 3746,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2010431989852.0,
      "total_employees": 3707,
      "filing_date": "2022-05-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1506538334571.0,
      "total_employees": 3722,
      "filing_date": "2023-05-19"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1752267028988.0,
      "total_employees": 3814,
      "filing_date": "2024-08-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1934233243730.0,
      "total_employees": 3947,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2196452587469.0,
      "total_employees": 3760,
      "filing_date": "2026-07-06"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 533 to 545.",
        "Regulatory assets under management went from $1,934,233,243,730 to $2,196,452,587,469 (+14%).",
        "Changed its office addresses in San Francisco, CA.",
        "No longer lists an office in New York, NY.",
        "No longer lists an office in Owings Mills, MD."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Northern Trust Corporation",
      "name_as_filed": "NORTHERN TRUST CORPORATION",
      "affiliated": false
    },
    {
      "name": "State Street Bank & Trust Company",
      "name_as_filed": "STATE STREET BANK & TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "The Bank of New York Mellon Corporation",
      "name_as_filed": "THE BANK OF NEW YORK MELLON CORPORATION",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/t-rowe-price-associates-inc-baltimore-md-105496.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 181,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 680,
      "fewer_than_5": false,
      "raum": 5138428857.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 348554965.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 355,
      "fewer_than_5": false,
      "raum": 1182598559774.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 379,
      "fewer_than_5": false,
      "raum": 797526867381.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 214,
      "fewer_than_5": false,
      "raum": 68533088297.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 76,
      "fewer_than_5": false,
      "raum": 1849051320.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 92,
      "fewer_than_5": false,
      "raum": 53871472084.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 95736574.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 56,
      "fewer_than_5": false,
      "raum": 30472048038.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 12,
      "fewer_than_5": false,
      "raum": 26205484195.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 88,
      "fewer_than_5": false,
      "raum": 13585415644.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 4754,
      "fewer_than_5": false,
      "raum": 16227880340.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105496",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}