T. Rowe Price (Canada) Inc. (Baltimore)


T. Rowe Price (Canada) Inc. is a large advisory firm based in Baltimore. It manages $3.39 billion of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Maryland.

T. Rowe Price (Canada) provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

T. Rowe Price (Canada): assets under management

The assets under management (AUM) of T. Rowe Price (Canada) Inc. is $3.39 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6666% since the beginning of its operation, and $3.37 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.39 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $188.37 million each.
T. Rowe Price (Canada) has custody of $2.56 billion in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in other assets form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay T. Rowe Price (Canada) Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Edward Cage Bernard serves?

The firm provides services to pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Edward Cage Bernard is pooled investment vehicles with 12 clients and $2.66 billion of assets under management. Among the 10 most similar advisory firms, T. Rowe Price (Canada) has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.39 billion for 18 clients. 89% of the firm’s clients are foreign persons or businesses.

T. Rowe Price (Canada) also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $3,728,421 for each fund.

Careers at T. Rowe Price (Canada) Inc.

The company employs 5 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 7 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Edward Cage Bernard has been acting as President since 1 Jan 2006. Robert Charles Trant Higginbotham joined the executive team most recently as the Director And President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. T. Rowe Price Associates Direct owner 1 Nov 1988 75% - 100% 52-0556948
Henry Holt Hopkins Chief legal counsel, chief compliance officer, vice president, director 1 Nov 1988 Other 721195
James Sellers Riepe Director/chairman of the board 1 Nov 1988 Other 376471
Michael David Testa Director/president 1 Nov 1988 Other 1778863
Joseph Paul Croteau Treasurer/controller 1 Feb 2000 Other 1924501
Barbara A. Vanhorn Secretary 1 Apr 2000 Other 4333501
Kimberly Anne Haker Treasurer 1 Apr 2000 Other 2476815
Barbara Ann Vanhorn Secretary 1 Apr 2000 Other 4333501
T. Rowe Price Group Indirect shareholder 1 Dec 2000 75% - 100% 52-2264646
Larry Joseph Puglia Advising officer 1 Jul 2004 Other 4333496
John Raymond Gilner Chief compliance officer 1 Jul 2004 Other 1909214
Edward Cage Bernard President/director 1 Jan 2006 Other 2743171
Susanne Piccirillo Voelker Controller 1 May 2006 Other 2529479
Susanne Marie Piccirillo Controller 1 May 2006 Other 2529479
David Nmn Oestreicher Director/chief legal officer/secretary 1 Mar 2008 Other 4594569
David Oestreicher Chief legal officer (effective 03/31/2008) 1 Mar 2008 Other 4594569
Timothy Scott Dignan Treasurer 1 Mar 2013 Other 4723631
Ryan Paul Nolan Chief compliance officer 1 Jun 2016 Other 3212870
Robert Charles Trant Higginbotham Director and president 1 Jan 2017 Other 6130846
Lisa Maria Hanes Director 1 Jan 2017 Other 2972287
Matthew Elisha Belski Director 1 Jan 2017 Other 2667367
Keith Wayne Lewis Director 1 Jan 2017 Other 860216
Christine Marie Morgan Director 1 Jan 2017 Other 3182489

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Inc. T. Rowe Price Group Indirect owner 1 Dec 2000 75% - 100% 52-2264646

Based in Baltimore

The principal office where T. Rowe Price (Canada) Inc. performs its advisory services is located at 100 East Pratt Street, Baltimore, MD 21202, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-345-2000 or by fax 410-345-6575. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at troweprice.com.