Legg Mason Company Description
Legg Mason's feats include wealth management and mutual fund management. The financial services firm has several subsidiaries that offer asset management, trust services, and annuities to retail and institutional investors. The company manages more than 150 mutual funds under the Legg Mason, Legg Mason Partners, Western Asset, and The Royce Funds banners. Other offerings include closed-end funds and separately managed accounts. Legg Mason distributes its products through its own offices, retirement plans, and financial intermediaries, as well as through an agreement with Citigroup. The company operates primarily in North America and the UK, but sells its funds in about two dozen other countries.
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The Company Description provides a historical perspective of Legg Mason's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Legg Mason's evolution in the marketplace.
