Legg Mason Issues 2018 Annual Report With Focus on Corporate Responsibility
Legg Mason today issued its Annual Report for the fiscal year 2018 1, highlighting our strategy for achieving the Company’s mission of Investing to Improve Lives™ with a focus on responsible investing. How quickly Legg Mason adapts to the changing industry dynamics will drive our ability to serve investors and reward shareholders.
“Most every force reshaping our industry in 2018—more empowered clients, growing regulatory burdens, the globalization of investing and preeminence of technology—requires asset managers to have the scale, skillset, capacity for innovation and track record possessed by precious few companies. Legg Mason has it,” said Joe Sullivan, Chairman and Chief Executive Officer of Legg Mason. “Several developments—in the markets, in our industry and within Legg Mason—provide our company with unique opportunity to deliver significant growth for years to come. We are positioning Legg Mason to thrive in the face of these changes, particularly as they relate to technology and changing client expectations.”
Integral to our mission of Investing to Improve Lives™ is ensuring that our clients can be confident that we have their best interests at heart. One of the ways we fulfill that mission is in finding high-quality, long-term investments that have the potential to positively impact society. We also believe those investments can provide superior clients outcomes over the long term.
More than ever, investors are seeking the use of environmental, social and governance (ESG) factors to identify strong, sustainable companies. As part of our CSR efforts, we are proud to announce that this year’s annual report will only be published digitally. This reflects our commitment to have a positive impact on the world in ways both large and small, and something Legg Mason will continue to do in the following years.
Prominent highlights from fiscal year 2018 include:
$754 Billion Assets Under Management (AUM).
$3.1 Billion Operating revenue for fiscal year 2018.
Eight of nine affiliates are signatories to the United Nations-sponsored PRI.
As of March 31, 2018, approximately $183 billion of long-term AUM is in investment strategies that utilize ESG factors, up 15 percent over the previous year.
To view the full Annual Report for the fiscal year 2018, visit https://www.leggmason.com/annualreport.
About Legg Mason
Guided by a mission of Investing to Improve LivesTM, Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason’s assets under management are $747 billion as of May 31, 2018. To learn more, visit our web site, our newsroom, or follow us on LinkedIn, Twitter, or Facebook.
©2018 Legg Mason Investor Services, LLC, member FINRA, SIPC. Legg Mason Investor Services, LLC is a subsidiary of Legg Mason, Inc.
All investing involves risk. Any information, statement or opinion set forth herein is general in nature, is not directed to or based on the financial situation or needs of any particular investor, and does not constitute, and should not be construed as, investment advice, forecast of future events, a guarantee of future results, or a recommendation with respect to any particular security or investment strategy or type of retirement account. Investors seeking financial advice regarding the appropriateness of investing in any securities or investment strategies should consult their financial professional.
1 For the period April 1—March 31, 2018