April 30 (Reuters) - Goldman-backed T. Rowe Price Group

reported a rise in first-quarter profit on Thursday,

boosted by a surge in assets under management that lifted

advisory fees.

"With the recent volatility and broadening of markets, our

active management approach positions us to take advantage of the

opportunities this climate brings," said CEO Rob Sharps.

Here are some details:

* The Baltimore, Maryland-based company's average assets

under management, which determine its investment advisory fees,

rose by 9.6% to $1.7 trillion in the quarter

* Advisory fees, the primary driver of T. Rowe Price's ( TROW )

revenue, rose 5.3% to $1.68 billion for the three months ended

March 31

* Net revenue rose to $1.86 billion compared to $1.76

billion a year ago

* Excluding one-time costs, the company earned $2.52 per

share for the quarter ended March 31, compared with $2.23 per

share a year earlier

(Reporting by Pragyan Kalita in Bengaluru; Editing by Mrigank

Dhaniwala)