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Legg Mason

Asset management firm.

Headquarters:
100 Light St.
Baltimore, MD 21202
Employees: 2,900
CEO: Joseph Sullivan
Stock Symbol : LM

Legg Mason is a global asset management firm offering mutual funds and wealth management services through various subsidiaries. The company serves both institutional investors and individual clients in 190 countries and was founded in 1899.

Legg Mason’s corporate services include global retail distribution, capital management, as well as fiduciary and governance oversight. The company has 31 offices around the world.

Principal affiliates include: Western Asset Management (Fixed Income), Permal Group (Global alternative Funds of Funds), Royce and Associates (Small-cap equity), ClearBridge Investments (Quality focused equity), Brandywine Global (Global value investing), Legg Mason Global Asset Allocation (Strategic and Tactical Asset Allocation) and Batterymarch (Global quantitative equity)

Legg Mason reported $680 billion in assets under management at the end of 2013.

In fiscal 2013, Legg Mason reported revenues of $2.61 billion, down slightly from $2.66 billion the previous year, and net loss of $353.3 million.

Benefits

Insurance and Health Benefits

Medical Insurance

Legg Mason offers several medical insurance options to include Preferred Provider Organization (PPO) plans, Exclusive Provider Organization (EPO) plans and a Consumer Driven Healthcare Plan (CDHP). Premiums for health plans are shared by Legg Mason and participating employees. Health insurance premiums are deducted on a pre-tax basis. Prescription coverage is tied with medical enrollment.

Dental Insurance

Dental Insurance is available through employee paid premiums.

Vision Coverage

Vision coverage is available through employee paid premiums.

Employee Assistance Plan (EAP)

Provides free, confidential, professional assessment and referral assistance for employees and family members experiencing personal problems that may be affecting work performance, job satisfaction, one's personal life or overall quality of life. The EAP also provides a nationwide resource and referral service designed to assist employees and their immediate family members with a wide range of work/life needs including: Adoption Assistance, Elder/Adult Care, Prenatal Care and Childcare.

Life Insurance

Legg Mason provides employees with Basic life insurance at no cost to employees. Voluntary Supplemental Life Insurance is also available.

Spousal and Dependent Life Insurance

Legg Mason provides employees who select Supplemental Life Insurance also the option of coverage for spouse and dependents.

Income Continuance/Short Term Disability

Legg Mason has its own income continuance plan, which covers short-term disability conditions for up to six months, depending on length of service.

Long Term Disability

Legg Mason provides all full-time regular employees long term disability coverage equal to a specified percentage of pay for qualifying conditions. Supplemental Long Term Disability is available.

Met Pay

This program, underwritten by MetLife Auto & Home, offers competitively priced auto and homeowners insurance with premiums payable through payroll deductions.

Savings/Retirement/401k Benefits

401(k) Savings Plan/Profit-sharing Contribution

Legg Mason offers employees the opportunity to save pre-tax dollars, avoiding current taxes on amounts saved and on dividends and interest income earned on those savings. Eligibility occurs on the employee's date of hire. There is also a company match on one's contributions. The plan permits rollovers immediately upon date of hire from other qualified plans.

The company also offers a profit-sharing plan. The discretionary profit sharing contribution is paid to eligible employees.

Employee Stock Purchase Plan

Our Employee Stock Purchase Plan permits employees to invest in Legg Mason common stock through after tax payroll deductions. The Company contributes a percentage to the amount contributed by the employee.

Other Benefits

Paid Time Off

Paid Time Off (PTO) provides employees with the opportunity to manage their own time off for reasons such as vacations, personal and family needs, and illness. All time off for vacation, sick, or personal reasons is combined into one allotment.

Legal Plan

Legg Mason offers eligible employees access to a vendor that provides legal services for a small annual fee. The service entitles employees and their eligible dependents to receive certain personal legal services.

Flexible Spending Accounts

Legg Mason provides employees with the opportunity to set aside pre-tax dollars for both unreimbursed healthcare and/or dependent (child) care costs. These flexible-spending accounts can provide considerable tax savings.

Commuter Programs

Participants are eligible to set aside pre-tax dollars for commuting expenses.

Tuition Reimbursement

Tuition reimbursement is available to eligible full time and part time non-temporary employees for job-related courses taken in a degree-seeking program at an accredited educational institution. Individual, job-related courses that are not part of a degree program are eligible when approved by the employee's manager.

Employee Referral Bonus Program

Referring a former co-worker, relative, or friend can bring cash rewards. Legg Mason encourages employees to refer quality individuals that would add value to our firm.

Updated February 9, 2014