{
  "crd_number": 314590,
  "slug": "t-rowe-price-investment-management-inc-baltimore-md-314590",
  "primary_business_name": "T.ROWE PRICE INVESTMENT MANAGEMENT, INC.",
  "legal_name": "T.ROWE PRICE INVESTMENT MANAGEMENT, 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": "2021-06-07",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-07-01",
  "carried_forward": false,
  "raum_total": 204178969692.0,
  "raum_discretionary": 204178969692.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 112,
  "advisory_employees": 105,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 149217528.0,
      "count": null,
      "description": "SMA PROGRAM CLIENTS",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 85521220.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 623467810.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 604127036.0,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 172509965209.0,
      "count": 36
    },
    "pension_profit_sharing": {
      "raum": 3030009567.0,
      "count": 7
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 0.0,
      "count": 0
    },
    "pooled_investment_vehicles": {
      "raum": 27018712599.0,
      "count": 16
    },
    "corporations_other_businesses": {
      "raum": 157948723.0,
      "count": 5
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "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/314590",
  "city_as_filed": "BALTIMORE",
  "url": "https://advisorcensus.com/firm/t-rowe-price-investment-management-inc-baltimore-md-314590",
  "display_name": "T.ROWE Price Investment Management, Inc.",
  "summary": "T.ROWE Price Investment Management, Inc. is an SEC-registered investment advisory firm in Baltimore, MD, registered since 2021, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 1, 2026.",
  "citation": "AdvisorCensus. T.ROWE Price Investment Management, Inc. (CRD 314590): 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"
  ],
  "quick_answers": [
    {
      "q": "How is T.ROWE Price Investment Management, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), T.ROWE Price Investment Management, 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 Investment Management, Inc. located?",
      "a": "T.ROWE Price Investment Management, Inc.'s principal office is in Baltimore, MD, according to its Form ADV; the August 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is T.ROWE Price Investment Management, Inc. registered with the SEC or a state?",
      "a": "T.ROWE Price Investment Management, Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314590."
    },
    {
      "q": "How much does T.ROWE Price Investment Management, Inc. manage?",
      "a": "T.ROWE Price Investment Management, Inc. reports $204,178,969,692 in regulatory assets under management in its Form ADV filing dated July 1, 2026 (100% discretionary)."
    },
    {
      "q": "How have T.ROWE Price Investment Management, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for T.ROWE Price Investment Management, Inc.: Regulatory assets under management: $213,006,155,574 in the October 2022 data and $204,178,969,692 in the October 2026 data, down 4%. Total employees: 0 in October 2021 and 112 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 Investment Management, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (36); pooled investment vehicles (other than investment companies and business development companies) (16); pension and profit sharing plans (but not the plan participants or government pension plans) (7)."
    },
    {
      "q": "Which custodians does T.ROWE Price Investment Management, Inc. use?",
      "a": "T.ROWE Price Investment Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Management Trust Company, 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 Investment Management, 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/314590"
    },
    {
      "q": "What changed in T.ROWE Price Investment Management, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 107 to 105. Changed its office addresses in New York, NY. Changed its office addresses in Philadelphia, PA. Changed its office addresses in San Francisco, CA. Changed its office addresses in Washington, DC."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 0,
      "filing_date": "2021-09-01"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 213006155574.0,
      "total_employees": 97,
      "filing_date": "2022-05-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 165475690648.0,
      "total_employees": 114,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 193065874997.0,
      "total_employees": 114,
      "filing_date": "2024-05-24"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 207087332101.0,
      "total_employees": 116,
      "filing_date": "2025-07-09"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 204178969692.0,
      "total_employees": 112,
      "filing_date": "2026-07-01"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 107 to 105.",
        "Changed its office addresses in New York, NY.",
        "Changed its office addresses in Philadelphia, PA.",
        "Changed its office addresses in San Francisco, CA.",
        "Changed its office addresses in Washington, DC."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Fidelity Management Trust Company",
      "name_as_filed": "FIDELITY MANAGEMENT TRUST COMPANY",
      "affiliated": false
    },
    {
      "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-investment-management-inc-baltimore-md-314590.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 36,
      "fewer_than_5": false,
      "raum": 172509965209.0
    },
    {
      "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": 16,
      "fewer_than_5": false,
      "raum": 27018712599.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 3030009567.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 85521220.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 623467810.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 604127036.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 5,
      "fewer_than_5": false,
      "raum": 157948723.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 149217528.0
    }
  ],
  "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/314590",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}