GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » T. Rowe Price Group Inc (LTS:0KNY) » Definitions » Accounts Payable & Accrued Expense for Financial Companies

T. Rowe Price Group (LTS:0KNY) Accounts Payable & Accrued Expense for Financial Companies


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What is T. Rowe Price Group Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


T. Rowe Price Group Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » T. Rowe Price Group Inc (LTS:0KNY) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
Address
100 East Pratt Street, Baltimore, MD, USA, 21202
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of April 2025, the firm had $1.563 trillion in managed assets, composed of equity (49%), balanced (35%), fixed-income and money market (13%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a US-based asset manager, deriving less than 10% of its AUM from overseas.