BALTIMORE, Sept. 13, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.09 trillion as of August 31, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.6 billion in August 2018 and $2.1 billion for the quarter-to-date period ended August 31, 2018.  This brings total client transfers for the year-to-date period ended August 31, 2018, to $15.7 billion.

The firm's assets under management as of August 31, 2018, and for the prior month-, quarter- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:

^{(a) Preliminary - subject to adjustment}

^{(b) Includes the assets under management of the firm's target date retirement mutual funds and trusts as well as those target date retirement portfolios managed in separate accounts.}

Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The organization also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.

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SOURCE T. Rowe Price Group, Inc.