Legg Mason Global Asset Allocation, LLC (New York)

Legg Mason Global Asset Allocation, LLC is a large advisory firm based in New York. It manages $7.77 billion of regulatory assets for 63 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Connecticut.

Legg Mason Global Asset Allocation provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and non-discretionary advice;portfolio implementation and trade placement services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Legg Mason Global Asset Allocation: assets under management

The assets under management (AUM) of Legg Mason Global Asset Allocation, LLC is $7.77 billion. The firm's AUM has grown by 247% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.33 billion in discretionary accounts and $3.43 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $90.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $228.85 million.

Legg Mason Global Asset Allocation has custody of $3.43 billion in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Legg Mason Global Asset Allocation, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Legg Mason Global Asset Allocation, LLC

Mark Raymond Fetting has been acting as President since 1 Jan 2007. James Hayden Norman joined the executive team most recently as the Director And President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Raymond Fetting	Chief executive officer	1 Oct 2006	Other	733409
Barbara Brooke Manning	Chief compliance officer	1 Oct 2006	Other	3198494
Steven David Bleiberg	President, chief investment officer	1 Oct 2006	Other	2060977
Inc. Legg Mason	Sole member	1 Oct 2006	75% - 100%	52-1200960
Mark Raymond Fetting	Director	1 Jan 2007	Other	733409
Theresa Mcguire	Chief financial officer	1 Jan 2007	Other	4034241
Timothy Charles Scheve	Director	1 Jan 2007	Other	1319072
Peter Lanning Bain	Director	1 Jan 2007	Other	4221890
Yuwei Wayne Lin	Chief administrative officer	1 Jan 2007	Other	4424877
Richard Daniel Levin	Chief compliance officer	1 Jun 2007	Other	4358542
Charles James Daley	Director	1 Aug 2007	Other	1808224
Fred Steven Jensen	Chief compliance officer	1 Dec 2008	Other	3203649
David Roehner Odenath	Director	1 Apr 2009	Other	872856
Ronald Richard Dewhurst	Director	1 Mar 2011	Other	1590061
Peter Hamilton Nachtwey	Director	1 Mar 2011	Other	5512176
John Duff Kenney	Chief executive officer	1 Sep 2011	Other	2387755
Joseph Patrick Larocque	Director	1 Aug 2013	Other	4363277
John Duff Kenney	Director	1 May 2014	Other	2387755
James Hayden Norman	Director and president	1 May 2014	Other	4396773
Janet Carol Campagna	Director and chief executive officer	1 May 2014	Other	3196228
Steven Ross Ducker	Chief compliance officer	1 May 2014	Other	5768002
Daniel James Holman	Chief operating officer	1 May 2014	Other	5768004
Thomas Gordon Rose	Chief financial officer	1 May 2014	Other	4339210
Jeffrey Allen Nattans	Director	1 May 2014	Other	2786221

Based in New York

The principal office where Legg Mason Global Asset Allocation, LLC performs its advisory services is located at 880 Third Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.