T. Rowe Price Group, Inc. (TROW) Q1 2023 Earnings Call Transcript

T. Rowe Price Group, Inc. (NASDAQ:TROW) Q1 2023 Earnings Conference Call May 2, 2023 8:00 AM ET

Company Participants

Linsley Carruth - Director, Investor Relations

Rob Sharps - Chief Executive Officer & President

Jen Dardis - Chief Financial Officer

Conference Call Participants

Daniel Fannon - Jefferies LLC

Glenn Schorr - Evercore

Patrick Davitt - Autonomous Research

Brennan Hawken - UBS

Alexander Blostein - Goldman Sachs

Kenneth Worthington - JPMorgan

Bill Katz - Credit Suisse

Michael Cyprys - Morgan Stanley

Finian O'Shea - Wells Fargo Securities

Craig Siegenthaler - Bank of America

Operator

Good morning. My name is Shannon, and I will be your conference facilitator today. Welcome to T. Rowe Price's First Quarter Earnings Conference Call. All participants will be in listen-only mode until the question-and-answer period. [Operator Instructions] As a reminder, this call is being recorded and will be available for replay on T. Rowe's website shortly after the call concludes.

I will now turn the call over to Linsley Carruth, T. Rowe Price's Director of Investor Relations.

Linsley Carruth

Hello and thank you for joining us today for our first quarterly earnings call. The press release and a new supplemental materials document can be found on our IR website at investors.troweprice.com and from the download link in the upper right of the webcast platform.

Today's call will last 45 minutes. Our CEO and President, Rob Sharps and CFO, Jen Dardis, will discuss the company's results for a little over 15 minutes and then we'll open it up to your questions. We ask that you limit it to one question per participant.

I'd like to remind you that during the course of this call, we may make a number of forward-looking statements and reference certain non-GAAP financial measures. Please refer to the forward-looking statement language and the reconciliations to GAAP in the supplemental materials as well as in our press release and 10-Q.

Now, I'll turn it over to Rob.

Rob Sharps

Thank you, Linsley and welcome to everyone joining us today for our inaugural earnings call. I'd like to start by saying that in rapidly evolving market conditions like the ones we experienced this quarter, what we deliver for our clients matters more than ever.

Our clients have entrusted us with over $1.3 trillion of assets and we are deeply focused on helping them meet their long-term financial objectives. I'm pleased by how our teams have responded in these times, staying close to our clients, sharing insights, and helping them navigate uncertainty.