T. Rowe Price Group Inc was incorporated in 1937 in Maryland. It is a financial services holding company. The Company, through its subsidiaries, provides investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investment portfolios. The Company manages U.S. and international stock, blended asset, bond, money market mutual funds and other investment portfolios that are designed to meet the needs and objectives of individual and institutional investors. It also introduces new funds and other investment portfolios to complement and expand its investment offerings, respond to developments in the financial marketplace and meet the changing needs of its investment advisory clients. The Company also provides administrative services as ancillary services to its investment advisory clients. These administrative services are provided by several of its subsidiary companies and include mutual fund transfer agent, accounting, and shareholder services; participant record keeping and transfer agent services for defined contribution retirement plans investing in its sponsored mutual funds, discount brokerage and trust services. The Company business is subject to extensive federal, state and foreign laws and regulations.
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