CEO: Legg Mason

http://thisisthewayhome.com/real-estate-investing-an-easy-way-to-get-rich.html
“We are in the flow because we see Fetting told the audience at a conferenceJune 4. Any acquisitions would not be large enoughb tobe “transformational,” Fetting said, but would instead be smalledr deals that would add to what the compan y already does. The profitability of asset such asLegg Mason, dependxs in large part on the amount of moneg clients invest with them. One way of increasing what is referred toas “assets under management” is to acquirde other financial services companies whose customeres would then become Legg Mason customers. The company had $632.e4 billion in assets under managemenyt as ofMarch 31.
Alan a analyst who follows Legg Mason, said he doesn’ft expect the company to make anyblockbuster acquisitions. “They don’f really have the finances rightt now to dosomething transformational,” he “I don’t think they really need to change anything up, but fill in the gaps and add to what they alreadgy have.” That could include addinbg fund companies that could increase Legg’s offerings of international mutuao funds that invest in foreign and U.S. companies, he Legg Mason’s last major acquisition was in 2005 when it swappex its retail brokerage businessfor ’s asseyt management business.
That same year Legg Masonm alsobought , a British funds