Financial services holding company that derives its revenues and income primarily from investment advisory services that its subsidiaries provide to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investments.
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Republican talking points aside, there's a recovery happening here. Baby boomers are more likely to be trying to juice their savings now that they've been reminded of how capricious market & housing assets really are. All this spells soaring profits for the best mutual fund and investment advisory companies over the next several years. T. Rowe is one of the very best that is publicly traded.