T. Rowe Price Advisory Services, Inc. (Baltimore)


T. Rowe Price Advisory Services, Inc. is a large advisory firm based in Baltimore. It manages $381.51 million of regulatory assets for 2,288 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

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T. Rowe Price Advisory Services provides portfolio management for individuals and small businesses and retirement income estimates. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

T. Rowe Price Advisory Services: assets under management

The assets under management (AUM) of T. Rowe Price Advisory Services, Inc. is $381.51 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 10430% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $381.51 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $166.74 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay T. Rowe Price Advisory Services, Inc. for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wayne Park serves?

The firm provides services to individuals and corporations or other businesses. The largest group of clients of Wayne Park is individuals with 2,287 clients and $379.29 million of assets under management. Among the 10 most similar advisory firms, T. Rowe Price Advisory Services has the highest percentage of individuals out of all clients.


The amount of regulatory assets under management is $381.51 million for 2,288 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

T. Rowe Price Advisory Services doesn't advise any private funds.

Careers at T. Rowe Price Advisory Services, Inc.

The company employs 44 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 41 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Wayne Park has been acting as President since 1 Jan 2017. Kevin Collins joined the executive team most recently as the Director.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Henry Holt Hopkins Chief legal officer 1 Nov 1990 Other 721195
Edward Cage Bernard Director/president 1 Sep 2000 Other 2743171
T. Rowe Price Group Direct owner 1 Sep 2000 75% - 100% 52-2264646
Joseph Paul Croteau Treasurer 1 Sep 2000 Other 1924501
Wayne David Omelia Director 1 Sep 2000 Other 2130392
James Sellers Riepe Director 1 Sep 2000 Other 376471
Barbara A. Vanhorn Secretary 1 Sep 2000 Other 4333501
Barbara Ann Vanhorn Secretary 1 Sep 2000 Other 4333501
John Raymond Gilner Chief compliance officer 1 Jul 2004 Other 1909214
David Nmn Oestreicher Director/chief legal officer/secretary 1 Mar 2008 Other 4594569
David Oestreicher Chief legal officer (effective 3/31/2008) 1 Mar 2008 Other 4594569
Timothy Scott Dignan Treasurer/controller 1 Mar 2010 Other 4723631
Todd Michael Cleary Director 1 Jul 2010 Other 1181184
Timothy Scott Dignan Treasurer/controller 1 Oct 2010 Other 4723631
Wayne Park Director 1 Jan 2017 Other 2560860
Scott Bishop David Director/president 1 Jan 2017 Other 1852214
Aimee Rochelle Decamillo Director 1 Jan 2017 Other 4893969
Stephanie Peters Mumford Chief compliance officer 1 Mar 2018 Other 2725261
Kevin Collins Director 1 May 2019 Other 4930435
Dorothy C Sawyer Director 1 May 2019 Other 2366560

Based in Baltimore

The principal office where T. Rowe Price Advisory Services, Inc. performs its advisory services is located at 100 East Pratt Street, Baltimore, MD 21202, which is also the mailing address of the firm. An additional office of the firm is in Owings Mills, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-345-2000 or by fax 410-345-6575. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at troweprice.com.