Legg Mason

Firm Profile

Legg Mason is a leading global investment company committed to helping clients reach their financial goals through long-term, actively managed investment strategies.

• Assets invested worldwide in a broad mix of equities, fixed income, alternatives and cash strategies
• A diverse family of specialized investment managers, each with its own independent approach to research and analysis
• Over a century of experience in identifying opportunities and delivering astute investment solutions to clients

KEY CONTACTS
Gary Kleinschmidt, (215) 872-1317
gkleinschmidt@leggmason.com

Ursula Henry, (203) 703-7567
uhenry@leggmason.com

WEBSITE www.leggmason.com

PRIMARY MARKET(S) SERVED
Micro <$1 million
Small $1 million – $10 million
Mid $10 million – $100 million
Large $100 million – $250 million

TOTAL AUM ($B)
As of 03/31/17: $728B
As of 12/31/16: $710B
As of 12/31/15: $671B

TOTAL DCIO ASSETS ($MM)
As of 3/31/17: $25.3B
As of 12/31/16: $23.5B
As of 12/31/15: $23.5B

DCIO ASSET BREAKDOWN (BY %)
Mutual funds: 74%
Collective trusts: 4%
Separate accounts: 21%
Money market: 1%

DCIO ASSET BREAKDOWN: ASSET ALLOCATION FUNDS ($)
Target-date: $64M
Target-risk: $88M

ASSET ALLOCATION FUNDS
• QS Legg Mason Asset Allocation Funds (Defensive Growth, Conservative Growth, Moderate Growth, Growth)
• Hand Composite Employee Benefit Trust 401(k) Roadmap Funds (Target Retirement Date Funds)

TOP 5 FUNDS BY DC ASSETS
1. Western Asset Core Plus Bond Fund
Total Assets: $5.1 billion

2. Western Asset Core Bond Fund
Total Assets: $2.1 billion

3. ClearBridge Aggressive Growth Fund
Total Assets: $1.8 billion

4. ClearBridge Large Cap Growth Fund
Total Assets: $1.5 billion

5. ClearBridge Small Cap Growth Fund
Total Assets: $1.4 billion

ADVISOR SUPPORT SERVICES
• External wholesalers focused on advisors
• External wholesalers focused on institutional
• Plan benchmarking
• Compliance support
• Target-date evaluation tools
• Training for DC plan sales/service
• Investment committee meetings

NO. OF EXTERNAL WHOLESALERS
DC: 8
Retail: 40

Legg Mason Whitepapers

Retirement Focus Funds Summary
A complete listing of the Legg Mason funds available on our partner platforms

Plan Sponsor Q&A – Helpful Tips to Prepare for a Retirement Plan Audit
Developed in partnership with Maria Hurd of Belfint, Lyons & Shuman, this white paper offers insights to help plan sponsors and advisors prepare for a plan audit by providing a road map to help determine:
• Whether an audit is required
• Whether it can be limited in scope, and what that means for the plan
• How to select an auditor with the proper expertise

What is Reasonable? Practical Tips for Evaluating Fees and Expenses of Plan Investments
Offers practical tips and suggestions that are designed to help 401(k) plan sponsors demonstrate that they are evaluating the reasonableness of the plan’s investment fees in a proper manner. Plan sponsors may be able to significantly reduce and mitigate their fiduciary risk by considering the following in their fiduciary deliberations:
• The importance of share class selection and the availability of alternative share classes;
• The increasing availability of collective investment trusts (“CITs”); and
• How the structure and form of target date funds (“TDFs”) may have cost implications.

Expanding your Plan’s Fixed Income Options: Is Your IPS Ready
The addition of an unconstrained fixed income strategy to a plan’s investment menu may be beneficial to participants and plan fiduciaries. But before moving ahead, plan sponsors should review the plan’s investment policy statement (IPS) for any potential restrictions. In this paper, we discuss how a plan’s IPS may be revised to accommodate non-traditional fixed income strategies and provide desired flexibility.

Don’t Take Your Plan for Granted – Clearing Up Misconceptions About Fiduciary Risk and Plan Investments
Because of the large amount of work required to establish a defined contribution retirement plan, plan sponsors may mistakenly feel that their job is finished once the plan is up and running. In actuality, they have a duty to proactively monitor the plan’s investments on an ongoing basis, and should be mindful of the fiduciary risks associated with mishandling the plan’s investments. The rules governing a fiduciary’s ongoing duties are not always intuitive so it is important for plan sponsors to have an accurate understanding of their continuing obligations to their plans and participants, and to avoid misconceptions about their duties as plan fiduciaries.

What’s the Plan for Your Plan? Promoting and Evaluating Success
This white paper provides insights to help financial advisors and plan sponsors evaluate the success of their retirement plans by highlighting voluntary goals that can help:
• Assess a plan’s performance,
• Address legal risks, and
• Provide economic rewards for employers