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T. Rowe Price provides investment management and retirement solutions to individual investors, financial intermediaries, and institutions worldwide. It manages client assets through a disciplined, research-driven investment process and offers a range of strategies and products designed for long-term value. Clients pay management fees based on assets under management, with total assets under management around $1.569 trillion as of June 30, 2024. The company differentiates itself by its global research capabilities, experienced investment teams, and broad client base, enabling tailored solutions for personal accounts, retirement plans, and institutional clients. Its goal is to help clients reach their financial objectives by growing and preserving capital over the long term through diversified investment strategies.
Industries
Quantitative Finance
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Baltimore, Maryland
Founded
1937
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Total Funding
$291.3B
Above
Industry Average
Funded Over
0 Rounds
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T. Rowe Price reported second-quarter revenue of $1.91 billion, up 10.7% year-over-year, slightly missing the consensus estimate of $1.92 billion. Earnings per share reached $2.57, beating expectations of $2.52 and up from $2.24 in the prior-year quarter. Assets under management stood at $919.40 billion for equities, $690 billion for multi-asset, and $61.70 billion for alternatives, largely in line with analyst estimates. The firm experienced equity outflows of $13.50 billion, better than the estimated $16.02 billion. Investment advisory fees rose 11.3% to $1.74 billion, whilst multi-asset advisory fees climbed 16.1% to $529.5 million. Administrative and servicing fees declined 3.7% to $144.2 million.
Israeli semiconductor company Xsight Labs has raised more than $300 million at a $2.8 billion valuation, over five times its 2021 valuation of $500 million. The round was led by Fidelity Management & Research Company, with participation from Atreides Management, Artisan Partners, Battery Ventures, Intel Capital, T. Rowe Price, and Valor Equity Partners. Founded in 2017, Xsight Labs develops high-performance connectivity chips for AI and cloud computing infrastructure. Its E1 Data Processing Unit and X2 Ethernet switch have been selected by global network operators, including SpaceX's Starlink, and are being evaluated by Tier-1 hyperscalers. The company will use the funding to accelerate product development, expand teams across Israel, the US, Europe, and Asia, and scale manufacturing operations. Xsight has now raised over $450 million across four funding rounds.
T. Rowe Price hires Andrew Brickman to spearhead EMEA ETF drive. Joins from BlackRock. T. Rowe Price has appointed Andrew Brickman as its head of ETF Solutions, EMEA, as the firm continues to expand its ETF business. To continue reading this article... Join investment week today. Free for those involved in advising, managing and/or analysing investments or £1 per day for professionals outside of these roles.
Omnea triples revenue in twelve months as enterprises choose agentic operating system for procurement. PayPal, Just Eat, Riot Games, T. Rowe Price, and Unity joined the platform in a half that saw Omnea ship its industry-first procurement MCP Server, Guided Buying, and market-leading partnerships with Tropic and Dow Jones. New York, USA, July 28, 2026 (GLOBE NEWSWIRE) - Omnea, the agentic operating system for procurement and supplier management, today announced its results for the first half of 2026. The company tripled revenue in the twelve months to June, its third consecutive year of more than 3x growth. Six months, by the numbers * Revenue tripled in the twelve months to June, for the third year running * Global headcount grew 64% in H1, with the New York team growing 250% as US adoption accelerates * Enterprises including PayPal, Just Eat, Riot Games, T. Rowe Price, and Unity selected Omnea * G2 recognized Omnea as a Leader in Procurement Orchestration, based on verified customer reviews * Omnea topped the Startups 100 and was named to Fast Company's Most Innovative Companies, Future Fifty 2026, the Scaling Europe 50, the Sifted 100, and The Hackett Group's 50 To Watch * Omnea launched the Future Founders Fund with Firedrop, backing long-serving employees with $250,000 in seed funding to start their own companies Building the agentic operating system for procurement Business Formation Omnea shipped 50+ releases across the platform in H1, most notably: Industry-first MCP Server. Omnea became the first procurement platform with data directly accessible from Claude, ChatGPT, Microsoft Copilot, and more. Users can ask questions and direct agents from the AI tools they use every day. Price Intelligence powered by Tropic. Price Intelligence checks every SaaS quote against pricing data from more than 100,000 live negotiations. Omnea AI flags above-market quotes and routes them for renegotiation before they're signed. Continuous Monitoring in partnership with Dow Jones. Omnea screens suppliers daily for sanctions, politically exposed persons, and adverse media using Dow Jones' market-leading data, and filters every alert through the context of the supplier relationship. Teams act on real risk rather than noise. Guided Buying. Employees buy hardware, services, and one-off items from approved catalogs, including Amazon Business, Staples, and CDW, without leaving Omnea. "Automation is table stakes in procurement now; every platform can route a request," said Ben Freeman, Founder and CEO of Omnea. "Where we're focused is surfacing the right insight at the moment a decision gets made: what a fair price looks like, where the risk sits, which supplier you already have. That context is what lets humans and agents make better calls - and the trust of enterprises like PayPal and Just Eat tells us we're building in the right direction." Discover more Businesses Enterprise Technology Doubling down on talent density Machine Learning & Artificial Intelligence Record-breaking growth in the US. Omnea opened the year by appointing WiredScore founder Arie Barendrecht as US General Manager, and closed the half with a New York team 3.5 times its January size. Global headcount grew 64%. Reuben Sagar joins as SVP Go-to-Market. He was part of the commercial leadership team at Onfido, helping scale revenue from £1M to more than £100M, and was most recently Chief Revenue Officer at Activant and FPV Ventures-backed Aibidia. A $250,000 bet on employees as future founders. More than 10% of Omneans have founded companies of their own before - a product of the company's focus on talent density. The Future Founders Fund, launched with Firedrop, means any employee who spends five years building Omnea can pitch for $250,000 in seed funding to build their own company. Freeman's bet is that backing people beyond their tenure is what keeps Omnea attracting the most ambitious talent in the market. About Omnea Omnea is the agentic operating system for procurement and supplier management. It connects a company's systems, automates its workflows, and gives humans and agents one place to manage suppliers and control spend. Founded in London and with offices in New York City, Omnea has raised over $75M from investors including Insight Partners, Khosla Ventures, and Accel. Learn more at omnea.co Press Inquiries
T. Rowe Price faces challenges with slowing growth, according to a recent analysis. The investment management firm, founded in 1937, has posted annual revenue growth of just 2.6% over the past five years, below sector standards. More concerning, its earnings per share fell 1.4% annually whilst revenue grew, indicating declining profitability on incremental sales. The firm trades at $115.99, implying a valuation of 11.3x forward price-to-earnings. Meanwhile, Microsoft continues to stand out amongst S&P 500 companies. The technology giant benefits from its mission-critical software bundles and strong gross margins. Its dominant market position generates robust free cash flow, which it reinvests into ventures that strengthen its competitive advantages. Microsoft trades at $388.29 per share, representing 21.5x forward price-to-earnings. Brown & Brown, an insurance brokerage operating across 44 US states and 14 countries, was also highlighted as worth attention.
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Industries
Quantitative Finance
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Baltimore, Maryland
Founded
1937
Find jobs on Simplify and start your career today