Also, administrative, distribution and servicing fees escalated 2.2% year over year to $124 million. Investment advisory revenues earned from T. Rowe Price mutual funds, distributed in the United States, were up 9.4% year over year to $894.9 million. Investment advisory revenues earned from other investment portfolios, managed by the company, increased 23% from the prior-year quarter to $449.8 million. Total adjusted operating expenses flared up 8.7% year over year to $863.5 million in the reported quarter. Rise in headcount, continued strategic investments and elevated bonus and stock-based compensation expense mainly resulted in this upsurge. Including certain one-time items, expenses were $888.4 million, up 16.5%. As of Dec 31, 2019, T. Rowe Price employed 7,365 associates, around 4.9% higher than the last year. Strong Assets Position As of Dec 31, 2019, total AUM climbed 25.4% year over year to $1.21 trillion.