XML 34 R21.htm IDEA: XBRL DOCUMENT v3.20.2

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Tables)

9 Months Ended

Sep. 30, 2020

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, 2020 and 2019 under agreements with clients include: 

			Three months ended 9/30/2020																								Three months ended 9/30/2019
									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			$	939.5					$	72.4					$	28.5					$	1,040.4					$	881.0					$	69.0					$	30.1					$	980.1
Subadvised funds, separate accounts, collective investment trusts, and other investment products			529.8						—						—						529.8						422.4						—						—						422.4
Other clients			—						25.6						—						25.6						—						24.2						—						24.2
			$	1,469.3					$	98.0					$	28.5					$	1,595.8					$	1,303.4					$	93.2					$	30.1					$	1,426.7
			Nine months ended 9/30/2020																								Nine months ended 9/30/2019
									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			$	2,638.8					$	219.0					$	82.1					$	2,939.9					$	2,557.6					$	215.3					$	90.4					$	2,863.3
Subadvised funds, separate accounts, collective investment trusts, and other investment products			1,452.1						—						—						1,452.1						1,210.2						—						—						1,210.2
Other clients			—						81.8						—						81.8						—						75.7						—						75.7
			$	4,090.9					$	300.8					$	82.1					$	4,473.8					$	3,767.8					$	291.0					$	90.4					$	4,149.2

The following table details the investment advisory fees earned from clients by their underlying asset class.

			Three months ended												Nine months ended
(in millions)			9/30/2020						9/30/2019						9/30/2020						9/30/2019
U.S. mutual funds
Equity			$	636.3					$	570.2					$	1,750.6					$	1,641.4
Fixed income, including money market			66.6						70.7						205.1						208.6
Multi-asset			236.6						240.1						683.1						707.6
			939.5						881.0						2,638.8						2,557.6
Subadvised funds, separate accounts, collective investment trusts, and other investment products
Equity			339.6						259.5						924.7						751.0
Fixed income, including money market			38.4						39.7						110.3						116.0
Multi-asset			151.8						123.2						417.1						343.2
			529.8						422.4						1,452.1						1,210.2
Total			$	1,469.3					$	1,303.4					$	4,090.9					$	3,767.8

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)			9/30/2020						9/30/2019						9/30/2020						9/30/2019						9/30/2020						12/31/2019
U.S. mutual funds
Equity			$	433.4					$	384.4					$	398.9					$	371.5					$	442.3					$	407.1
Fixed income, including money market			78.1						73.3						76.0						71.3						77.6						73.7
Multi-asset			197.3						192.8						189.1						190.4						196.3						201.9
			708.8						650.5						664.0						633.2						716.2						682.7
Subadvised funds, separate accounts, collective investment trusts, and other investment products
Equity			338.8						262.4						303.3						251.1						343.5						291.7
Fixed income, including money market			82.4						80.9						80.3						78.9						83.5						74.2
Multi-asset			162.9						136.4						151.3						128.3						167.2						158.2
			584.1						479.7						534.9						458.3						594.2						524.1
Total			$	1,292.9					$	1,130.2					$	1,198.9					$	1,091.5					$	1,310.4					$	1,206.8

X

- 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

Name:	trow_ComponentsofAssetsUnderManagementTableTextBlock
Namespace Prefix:	trow_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	trow_ComponentsofInvestmentAdvisoryFeesTableTextBlock
Namespace Prefix:	trow_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Information about Receivables, Revenues, and Services

+ References

No definition available.

+ Details

Name:	trow_InformationAboutReceivablesRevenuesAndServicesAbstract
Namespace Prefix:	trow_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration