| Legg Mason, Inc. (Legg Mason) is a holding company. Acting through its subsidiaries, the Company provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. Legg Mason offers these products and services directly and through various financial intermediaries. Legg Mason operates its business as two divisions: Americas and International. Within each division, Legg Mason provides services through a number of asset managers, each of which generally markets its products and services under its own brand name and, in many cases, distributes retail products and services through a centralized retail distribution network. Its investment advisory services include discretionary and non-discretionary management of separate investment accounts in numerous investment styles for institutional and individual investors. |