T. Rowe Price | Powers stable value investment operations with Clearwater Analytics

T. Rowe Price Group, Inc.

Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global investment management organization with $1.51 trillion in assets under management as of February 29, 2024. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries.

• Headquarters Baltimore, MD
• Assets Under Management $61B
• Website https//www.troweprice.com/en/us

With Clearwater for Stable Value, T. Rowe Price will benefit from an enhanced view of market and contract value, accounting, external manager data, crediting rate calculations, and streamlined contract issuer trade documents.

• $1.51 trillion in AUM
• 1 consolidated reporting platform
• 1937 year founded

Challenges

• Complex needs for stable value funds
• Need for custom trade tickets for investment contract issuers and other third-parties

Results:

• A comprehensive, best-in-class technology solution designed specifically for stable value investment operations
• Front-office and back-office teams have access to the same reconciled investment data each day
• Enhanced view of market and contract value, accounting, external manager data, crediting rate calculations, and streamlined contract issuer trade documents
• Accurate, timely data to grow the business

“Clearwater for Stable Value is the technology that will allow us to advance our stable value fund operations and support our continued business growth. Clearwater has an innovative solution for the stable value industry that we believe will provide accurate, timely data. We are excited to further our partnership with Clearwater.”

Antonio “Tony” Luna, Head of Stable Asset Management at T. Rowe Price