Legg Mason reported a total of $656 billion in assets under management as of Sept. 30, up 2% from June 30 and up 1% from Sept. 30, 2012.
Net outflows for the quarter were $1.4 billion, compared with outflows of $8.5 billion during the previous quarter. Fixed-income inflows were $300 million, compared with inflows of $900 million during the prior quarter.
Net income for Legg Mason for the quarter ended Sept. 30 totaled $86.3 million, up 44.6% from the previous quarter and up 6.4% from the same quarter a year ago. Revenue, at $669.9 million, was unchanged from the prior quarter and up 4.4% from the year-earlier quarter.
Legg Mason’s NAPA Partner page is here.
