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INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Tables) | 9 Months Ended
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Sep. 30, 2019
Information about Receivables, Revenues, and Services [Abstract] |
Components of revenues from advisory services | Revenues earned during the three- and nine-month periods ended September 30, 2019 and 2018 under agreements with clients include:
| Three months ended 9/30/2019 |  | Three months ended 9/30/2018
|  |  | Administrative, distribution, and servicing fees |  |  |  |  |  | Administrative, distribution, and servicing fees |  |
(in millions) | Investment advisory fees |  | Administrative fees |  | Distribution and servicing fees |  | Net revenues |  | Investment advisory fees |  | Administrative fees |  | Distribution and servicing fees |  | Net revenues
U.S. mutual funds | $ | 881.0 |  |  | $ | 69.0 |  |  | $ | 30.1 |  |  | $ | 980.1 |  |  | $ | 877.3 |  |  | $ | 72.3 |  |  | $ | 34.6 |  |  | $ | 984.2 |
Subadvised and separate accounts and other investment products | 422.4 |  |  | — |  |  | — |  |  | 422.4 |  |  | 386.0 |  |  | — |  |  | — |  |  | 386.0 |
Other clients | — |  |  | 24.2 |  |  | — |  |  | 24.2 |  |  | — |  |  | 24.4 |  |  | — |  |  | 24.4 |
| $ | 1,303.4 |  |  | $ | 93.2 |  |  | $ | 30.1 |  |  | $ | 1,426.7 |  |  | $ | 1,263.3 |  |  | $ | 96.7 |  |  | $ | 34.6 |  |  | $ | 1,394.6 |
| Nine months ended 9/30/2019 |  | Nine months ended 9/30/2018
|  |  | Administrative, distribution, and servicing fees |  |  |  |  |  | Administrative, distribution, and servicing fees |  |
(in millions) | Investment advisory fees |  | Administrative fees |  | Distribution and servicing fees |  | Net revenues |  | Investment advisory fees |  | Administrative fees |  | Distribution and servicing fees |  | Net revenues
U.S. mutual funds | $ | 2,557.6 |  |  | $ | 215.3 |  |  | $ | 90.4 |  |  | $ | 2,863.3 |  |  | $ | 2,557.1 |  |  | $ | 228.5 |  |  | $ | 106.7 |  |  | $ | 2,892.3 |
Subadvised and separate accounts and other investment products | 1,210.2 |  |  | — |  |  | — |  |  | 1,210.2 |  |  | 1,109.8 |  |  | — |  |  | — |  |  | 1,109.8 |
Other clients | — |  |  | 75.7 |  |  | — |  |  | 75.7 |  |  | — |  |  | 65.5 |  |  | — |  |  | 65.5 |
| $ | 3,767.8 |  |  | $ | 291.0 |  |  | $ | 90.4 |  |  | $ | 4,149.2 |  |  | $ | 3,666.9 |  |  | $ | 294.0 |  |  | $ | 106.7 |  |  | $ | 4,067.6 |
Total net revenues earned from our related parties, specifically T. Rowe Price investment products, aggregate $1,180.9 million and $1,151.5 million for the three months ended September 30, 2019 and 2018, respectively. Total net revenues earned during the nine months ended September 30, 2019 and 2018 aggregate $3,421.9 million and $3,366.9 million, respectively. Accounts receivable from these products aggregate to $405.3 million at September 30, 2019, and $354.8 million at December 31, 2018. The following table details the investment advisory fees earned from clients by their underlying asset class.
| Three months ended |  | Nine months ended
(in millions) | 9/30/2019 |  | 9/30/2018 |  | 9/30/2019 |  | 9/30/2018
U.S. mutual funds |  |  |  |  |  |  |
Equity and blended assets | $ | 754.0 |  |  | $ | 745.5 |  |  | $ | 2,185.3 |  |  | $ | 2,169.0 |
Fixed income, including money market | 127.0 |  |  | 131.8 |  |  | 372.3 |  |  | 388.1 |
| 881.0 |  |  | 877.3 |  |  | 2,557.6 |  |  | 2,557.1 |
Subadvised and separate accounts and other investment products |  |  |  |  |  |  |
Equity and blended assets | 355.5 |  |  | 326.0 |  |  | 1,020.4 |  |  | 931.0 |
Fixed income, including money market | 66.9 |  |  | 60.0 |  |  | 189.8 |  |  | 178.8 |
| 422.4 |  |  | 386.0 |  |  | 1,210.2 |  |  | 1,109.8 |
Total | $ | 1,303.4 |  |  | $ | 1,263.3 |  |  | $ | 3,767.8 |  |  | $ | 3,666.9 |
Components of assets under management | The following table summarizes the assets under management on which we earn investment advisory fees.
| Average during |  | Average during |  |
| Three months ended |  | Nine months ended |  | As of
(in billions) | 9/30/2019 |  | 9/30/2018 |  | 9/30/2019 |  | 9/30/2018 |  | 9/30/2019 |  | 12/31/2018
U.S. mutual funds |  |  |  |  |  |  |  |  |  |  |
Equity and blended assets | $ | 521.3 |  |  | $ | 511.6 |  |  | $ | 507.5 |  |  | $ | 500.8 |  |  | $ | 513.0 |  |  | $ | 441.1 |
Fixed income, including money market | 129.2 |  |  | 129.9 |  |  | 125.7 |  |  | 128.6 |  |  | 129.6 |  |  | 123.4 |
| 650.5 |  |  | 641.5 |  |  | 633.2 |  |  | 629.4 |  |  | 642.6 |  |  | 564.5 |
Subadvised and separate accounts and other investment products |  |  |  |  |  |  |  |  |  |  |
Equity and blended assets | 370.2 |  |  | 331.8 |  |  | 353.3 |  |  | 318.4 |  |  | 373.4 |  |  | 299.2 |
Fixed income, including money market | 109.5 |  |  | 99.1 |  |  | 105.0 |  |  | 97.2 |  |  | 110.3 |  |  | 98.6 |
| 479.7 |  |  | 430.9 |  |  | 458.3 |  |  | 415.6 |  |  | 483.7 |  |  | 397.8 |
Total | $ | 1,130.2 |  |  | $ | 1,072.4 |  |  | $ | 1,091.5 |  |  | $ | 1,045.0 |  |  | $ | 1,126.3 |  |  | $ | 962.3 |

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- Definition Tabular disclosure of the components of average assets under management and period end assets under management. Assets under management represents the market value of assets an investment adviser manages on behalf of investors and is the basis for determining investment advisory fee revenue. + References No definition available. + Details
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- Definition Tabular disclosure of the components of revenue recognized in the period for schedule-based fees earned for management of mutual funds based on average daily net assets and other investment management and advisory fees earned on other client portfolios based on asset valuations. + References No definition available. + Details
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