INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES.

9 Months Ended

Sep. 30, 2019

Information about Receivables, Revenues, and Services [Abstract]

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES

INFORMATION ABOUT RECEIVABLES, REVENUES, AND 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

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

Investors that we serve are primarily domiciled in the U.S.; investment advisory clients outside the U.S. account for 6.5% and 6.2% of our assets under management at September 30, 2019, and December 31, 2018, respectively.