T. Rowe Price Group Inc., a Baltimore-based financial investment firm, announced a 21 percent boost in net revenue for the first quarter of 2007.
Reporting revenue of $508 million for the quarter, T. Rowe exceeded last year?s mark of $429 million. Net income rose $26 million to $143 million.
Investment advisory revenue also jumped 20 percent from 2006 to more than $70 million, a brief indicated.
Assets hit record numbers at the end of the quarter, settling at $349.9 billion as of March 31.
