T. Rowe Price reports preliminary AUM $1.61T as of December 31

T. Rowe Price (TROW) Group reported preliminary month-end assets under management of $1.61T as of December 31, 2024. Preliminary net outflows were $10.9B for December 2024, $19.3B for the quarter-ended December 31, 2024, and $43.2B for the year. Preliminary quarterly net flows include substantially all of the previously disclosed subadvisory redemption and $0.8B of Manager-driven distributions.