# T.ROWE Price Investment Management, Inc.

> 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.

- CRD: 314590
- Filed as: T.ROWE PRICE INVESTMENT MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Baltimore, MD
- Filing period: October 2026
- Form ADV filing dated: July 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/314590
- AdvisorCensus page: https://advisorcensus.com/firm/t-rowe-price-investment-management-inc-baltimore-md-314590

## Quick answers

**How is T.ROWE Price Investment Management, Inc. compensated?**
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.

**Where is T.ROWE Price Investment Management, Inc. located?**
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).

**Is T.ROWE Price Investment Management, Inc. registered with the SEC or a state?**
T.ROWE Price Investment Management, Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314590.

**How much does T.ROWE Price Investment Management, Inc. manage?**
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).

**How have T.ROWE Price Investment Management, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does T.ROWE Price Investment Management, Inc. serve?**
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).

**Which custodians does T.ROWE Price Investment Management, Inc. use?**
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.

**Does T.ROWE Price Investment Management, Inc. report any disciplinary disclosures?**
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

**What changed in T.ROWE Price Investment Management, Inc.'s recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Management Trust Company
- Northern Trust Corporation
- State Street Bank & Trust Company
- The Bank of New York Mellon Corporation

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.

### Regulatory assets under management (Item 5.F)
- Total: $204,178,969,692
- Discretionary: $204,178,969,692
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 36 | $172,509,965,209 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 16 | $27,018,712,599 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 7 | $3,030,009,567 |
| Charitable organizations | Fewer than 5 | $85,521,220 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $623,467,810 |
| Other investment advisers | 0 | $0 |
| Insurance companies | Fewer than 5 | $604,127,036 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 5 | $157,948,723 |
| Other | Fewer than 5 | $149,217,528 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 112 total, 105 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- New York, NY
- Philadelphia, PA
- San Francisco, CA
- Washington, DC

### Websites listed on Form ADV (Item 1.I)
- [troweprice.com](https://troweprice.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 0 | September 1, 2021 |
| October 2022 | $213,006,155,574 | 97 | May 13, 2022 |
| October 2023 | $165,475,690,648 | 114 | March 31, 2023 |
| October 2024 | $193,065,874,997 | 114 | May 24, 2024 |
| October 2025 | $207,087,332,101 | 116 | July 9, 2025 |
| October 2026 | $204,178,969,692 | 112 | July 1, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. T.ROWE Price Investment Management, Inc. (CRD 314590): Form ADV filing data as of October 2026.