Asset management firm.
100 Light St.
Baltimore, MD 21202
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.
Insurance and Health Benefits
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 is available through employee
Vision coverage is available through employee
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.
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
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.
This program, underwritten by MetLife Auto
& Home, offers competitively priced auto and homeowners insurance
with premiums payable through payroll deductions.
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
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.
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.
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.
Participants are eligible to set aside
pre-tax dollars for commuting expenses.
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
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