T. Rowe Price continues to increase its AUM in the face of more volatility equity markets.
Even with the Brexit vote affecting what had been a fairly decent run of results during the second quarter, wide-moat rated T. Rowe Price closed out the period with slightly more in managed assets. Total assets under management of $776.6 billion was about $4 billion higher than our forecast and represented a record level of assets for the firm. Organic growth dipped back into negative territory, with T. Rowe Price recording $1.6 billion in outflows for its long-term mutual fund portfolios (with ...T. Rowe Price Group is a financial services holding company that provides global investment management services. The company provide a range of United States mutual funds, subadvised funds, separately managed accounts, and other T. Rowe Price products. The company also provides certain investment advisory clients with related administrative services, including distribution, mutual fund transfer agent, accounting, and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans; brokerage; and trust services. The company also provide non-discretionary advisory planning services to fund shareholders and potential investors.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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