T. Rowe Price results boosted by inflows

|About: T. Rowe Price Group, Inc. (TROW)|By:, SA News Editor

Investment advisory revenues of $574.8M up 22% Y/Y. Average mutual fund AUM of $420.7B up 23%.

Low interest rates remain a weight around the asset managers: Money market fees waived of $14.4M compares to $4.9M a year ago, and total quarterly income of $287.7M. For all 2013, the firm waived $51.2M in fees and expects the waivers to continue this year.

Mutual fund assets up $31.5B during Q, with inflows of $3.8B and market appreciation and dividends making up the rest.

Operating expenses of $489.7M up $63.6M from a year ago, with compensation and related accounting for $36.6M of that boost. Average staff size is up 5.2% from a year ago.

TROW +3.5%