The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.
T. Rowe Price added four new risk disclosures in 2025 focused on emerging threats: alternatives product exposure (private credit, real estate, and private equity), artificial intelligence risks, fiduciary liability and litigation claims, and governmental/regulatory scrutiny - reflecting the firm's evolving business model and operating environment. The company substantively modified seven existing risks, with particular emphasis on data security and intellectual property safeguarding, reputational protection, and regulatory burden in mutual funds and advisory services. No risks were eliminated from the prior year's disclosure.
Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.
🟢 New in Current Filing
Our alternatives products include investments in private credit, real estate, and equity investments in private companies, which may expose us to new or increased risks and liabilities and to reputational harm.
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🟢 New in Current Filing
The recent advancements in and increased use of artificial intelligence (AI) present risks and challenges that may adversely impact our business.
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🟢 New in Current Filing
We may be impacted adversely by claims or litigation, including claims or litigation relating to our fiduciary responsibilities.
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🟢 New in Current Filing
We may be adversely affected by increased governmental and regulatory scrutiny or negative publicity.
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🟡 Modified
We could be subject to losses if we fail to properly safeguard and maintain confidential data or our intellectual property.
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🟡 Modified
Any damage to our reputation could harm our business and lead to a loss of revenues and net income or access to capital.
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🟡 Modified
Legal and regulatory developments in the mutual fund, retirement and investment advisory industry could increase our regulatory burden, impose significant financial and strategic costs on our business, and cause a loss of, or impact the servicing of, our clients and fund shareholders.
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🟡 Modified
We may review and pursue strategic transactions in order to maintain or enhance our competitive position and these could pose risks.
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🟡 Modified
Compliance within a complex regulatory and legal environment which continues to evolve imposes significant financial and strategic costs on our business, and non-compliance could result in fines and penalties.
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🟡 Modified
Climate change-related risks could adversely affect our business, products, operations and clients, which may cause our AUM, revenues and earnings to decline.
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🟡 Modified
Our business, financial condition, and results of operation may be adversely affected by pandemics, epidemics or disease outbreaks.
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