What is the brand Legg Mason? It was founded in the United States in 2007. It is one of 1843 competing brands owned by the Legg Mason company in New York. It belongs to the Asset Management business sector. Its products include financial planning, asset management, and private equity. The company has more than 1,000 employees in the Baltimore area and over 4,000 worldwide. It has its headquarters in New York. Legg Mason has a website and a Facebook page.
Activist investor Nelson Peltz purchased a 9% stake in the company and began a restructuring plan. Legg Mason shifted 550 workers from downtown Baltimore to a new office in Harbor East. It also employs 450 workers in Owings Mills. During 2010, 250 of its employees were laid off in Baltimore. However, Trian continues to hold 4.47% of the company’s equity.
After a three-year cooling-off period, Legg Mason began acquiring companies to expand its geographical footprint and circle of subsidiaries. In 1990, Legg Mason entered the commercial mortgage banking business. It purchased a company called Latimer & Buck, which later became Legg Mason Real Estate Services. James Brinkley, Chip Mason’s close friend, ran this company. By 1993, the company had acquired eighty-one firms and was operating in 83 states.
What is the brand Legg Mason?? Legg Mason was originally an investment firm, serving both individual and institutional investors. It has several subsidiaries that offer asset management services. Today, it manages $325 billion in assets through 115 mutual funds, 25 closed-end funds, and more. It is a publicly-traded firm and distributes its products through many different channels. And, the company is an iconic asset management company, whose history stretches back to 1899.