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INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. | 3 Months Ended
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Mar. 31, 2020
Information about Receivables, Revenues, and Services [Abstract] |
INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES | INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. Revenues earned during the first quarter of 2020 and 2019 under agreements with clients include:
| Three months ended 3/31/2020 |  | Three months ended 3/31/2019
|  |  | 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 | $ | 876.2 |  |  | $ | 77.2 |  |  | $ | 27.9 |  |  | $ | 981.3 |  |  | $ | 815.9 |  |  | $ | 76.6 |  |  | $ | 30.2 |  |  | $ | 922.7 |
Subadvised and separate accounts and other investment products | 451.6 |  |  | — |  |  | — |  |  | 451.6 |  |  | 378.3 |  |  | — |  |  | — |  |  | 378.3 |
Other clients | — |  |  | 29.7 |  |  | — |  |  | 29.7 |  |  | — |  |  | 26.3 |  |  | — |  |  | 26.3 |
| $ | 1,327.8 |  |  | $ | 106.9 |  |  | $ | 27.9 |  |  | $ | 1,462.6 |  |  | $ | 1,194.2 |  |  | $ | 102.9 |  |  | $ | 30.2 |  |  | $ | 1,327.3 |
Total net revenues earned from our related parties, specifically T. Rowe Price investment products, aggregate $1,207.7 million and $1,093.4 million for the three months ended March 31, 2020 and 2019, respectively. Accounts receivable from these products aggregate to $374.3 million at March 31, 2020, and $424.8 million at December 31, 2019. The following table details the investment advisory fees earned from clients by their underlying asset class.
| Three months ended
(in millions) | 3/31/2020 |  | 3/31/2019
U.S. mutual funds |  |  |
Equity and blended assets | $ | 749.8 |  |  | $ | 694.5 |
Fixed income, including money market | 126.4 |  |  | 121.4 |
| 876.2 |  |  | 815.9 |
Subadvised and separate accounts and other investment products |  |  |
Equity and blended assets | 385.2 |  |  | 318.8 |
Fixed income, including money market | 66.4 |  |  | 59.5 |
| 451.6 |  |  | 378.3 |
Total | $ | 1,327.8 |  |  | $ | 1,194.2 |
The following table summarizes the assets under management on which we earn investment advisory fees.
| Average during |  |
| three months ended |  | As of
(in billions) | 3/31/2020 |  | 3/31/2019 |  | 3/31/2020 |  | 12/31/2019
U.S. mutual funds |  |  |  |  |  |  |
Equity and blended assets | $ | 525.0 |  |  | $ | 487.6 |  |  | $ | 443.6 |  |  | $ | 552.4 |
Fixed income, including money market | 129.3 |  |  | 122.5 |  |  | 118.7 |  |  | 130.3 |
| 654.3 |  |  | 610.1 |  |  | 562.3 |  |  | 682.7 |
Subadvised and separate accounts and other investment products |  |  |  |  |  |  |
Equity and blended assets | 396.3 |  |  | 332.9 |  |  | 340.9 |  |  | 412.1 |
Fixed income, including money market | 112.1 |  |  | 100.5 |  |  | 105.6 |  |  | 112.0 |
| 508.4 |  |  | 433.4 |  |  | 446.5 |  |  | 524.1 |
Total | $ | 1,162.7 |  |  | $ | 1,043.5 |  |  | $ | 1,008.8 |  |  | $ | 1,206.8 |
Investors that we serve are primarily domiciled in the U.S.; investment advisory clients outside the U.S. account for 7.4% and 6.9% of our assets under management at March 31, 2020, and December 31, 2019, respectively.

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