Solid Inflows and Market Gains Boost T. Rowe Price's 4Q Results; Effective Tax Rate Drops to 24%-27%
While there was little in wide-moat-rated T. Rowe Price's fourth-quarter results that would alter our long-term view, we do expect to increase our fair value estimate slightly to reflect new guidance from management about the company's effective tax rate following passage of the Tax Cuts and Jobs Act.T. Rowe Price closed 2017 with a record $991.1 billion in total assets under management, a 4.6% sequential and 22.2% year-over-year increase in managed assets. Total long-term net inflows of $4.5 ...
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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