Who owns Legg Mason?

Franklin Templeton Investments
Legg Mason/Parent organizations

In July 2020, Franklin Templeton Investments acquired Legg Mason for $4.5 billion.

Is Legg Mason still in business?

While the Legg Mason name will disappear, the firm’s work, as part of Franklin, will go on. “We continue to remain committed to Baltimore and our employees there, as evidenced by our pending investment in new Franklin Templeton signage at 100 International Drive,” said Matthew Walsh, a Franklin spokesman, in an email.

Who is CEO of Legg Mason?

Since Legg Mason was acquired in February by Franklin Templeton, Sullivan remains chairman and CEO of Legg Mason and is a senior adviser working closely with leadership at Franklin Templeton to “create meaningful long-term benefits for our clients and provide our shareholders with a compelling valuation for their …

What funds does Legg Mason have?

Explore Our Mutual Funds

• Mutual Funds.
• Exchange Traded Funds.
• Closed-End Funds.
• Managed Accounts.
• Money Market Funds.
• Variable Investments.

What is going on with Legg Mason?

Legg Mason recorded net outflows for the calendar year 2019 of $700 million after net outflows of $9.2 billion in 2018. But it is exactly the expansion of existing investment capabilities that has sources questioning whether Franklin Templeton can continue to operate a multiboutique structure.

How many employees does Legg Mason have?

3,000 employees
Legg Mason has about 3,000 employees worldwide, many in offices in New York, Connecticut and California.

What happened to Legg Mason stock?

The companies announced Friday that the transaction has met all of its closing conditions, including receiving various regulatory approvals. That day, trading of Legg Mason’s shares will be suspended on the New York Stock Exchange at close of business and the stock will be delisted.

Who acquired Legg Mason very recently?

Franklin Templeton
Franklin Resources (NYSE:BEN), a holding company that operates the investment management firm Franklin Templeton, just acquired competitor Legg Mason in a $4.5 billion deal that now makes the combined firm one of the world’s largest in assets under management.

How many mutual funds does Legg Mason have?

Tap into Opportunity with Legg Mason’s Actively Managed Mutual Funds. Legg Mason offers investors an extensive, diversified choice of mutual funds across asset classes and markets worldwide. These funds are actively managed by our platform of nine specialized, independent global asset management affiliates.

Does Legg Mason own ClearBridge?

ClearBridge Investments (ClearBridge) is affiliated with Legg Mason Investments (Ireland) Limited through common control and ownership by Franklin Resources, Inc.

What type of business is Legg Mason?

global asset management company
Legg Mason, Inc. is a global asset management company. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles.

Is Legg Mason owned by Franklin Templeton?

Franklin Resources (NYSE:BEN), a holding company that operates the investment management firm Franklin Templeton, just acquired competitor Legg Mason in a $4.5 billion deal that now makes the combined firm one of the world’s largest in assets under management.

Where are the headquarters of Legg Mason investments?

Under the company’s multi-manager model, each subsidiary operates with investment autonomy, following its own investment philosophy and implementing its own process. Location: Headquartered in New York; offices in Baltimore, Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle, and Washington, D.C.

Where is the Legg Mason Building in Baltimore?

In 2010, the Legg Mason Tower achieved LEED Certified Gold for the space it occupies in Harbor East. Legg Mason’s headquarters are located in the 100 International Drive building in Baltimore, Maryland. Prior locations formerly were at Redwood Street, Pratt Street, and 100 Light Street.

Is there a Legg Mason in Stamford CT?

Legg Mason Investor Services, LLC is a subsidiary of Legg Mason, Inc. | 100 First Stamford Place | Stamford, CT | 06902 © 2017 Legg Mason Investor Services, LLC. Member FINRA, SIPC Financial advisors should check with their firms regarding internal 529 account processing procedures.

Who is Legg Mason and what are the risks?

Legg Mason takes no liability for the onward transmission of this material. All investments involve risk, including possible loss of principal. Legg Mason Investor Services, LLC is a subsidiary of Legg Mason, Inc. | 100 First Stamford Place | Stamford, CT | 06902 © 2017 Legg Mason Investor Services, LLC. Member FINRA, SIPC