Legg Mason Wood Walker, Incorporated (Baltimore)

Name: Legg Mason Wood Walker, Incorporated
Address: 100 Light St, Baltimore, MD, 21202 1036
Telephone: 410-837-8800

Legg Mason Wood Walker, Incorporated is a large advisory firm based in Baltimore. It manages $9.05 billion of regulatory assets for 17,298 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.

Legg Mason Wood Walker, Incorporated provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 5,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Legg Mason Wood Walker, Incorporated: assets under management

The assets under management (AUM) of Legg Mason Wood Walker, Incorporated is $9.05 billion. The firm's AUM has grown by 127% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.23 billion in discretionary accounts and $4.82 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $476.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $573.27 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Legg Mason Wood Walker, Incorporated for their services and products based on a percentage of assets under management, hourly charges, subscription fees, fixed fees, and commissions. 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 Wood Walker, Incorporated

Timothy Charles Scheve has been acting as President since 1 Aug 1982. Robert Gregory Sabelhaus joined the executive team most recently as the Chief Executive Officer & President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Raymond Adams Mason	Chief executive officer, chairman of the board	1 Mar 1981	Other	322297
Inc. Legg Mason	Stockholder	1 Mar 1981	75% - 100%	52-1200960
Timothy Charles Scheve	Director	1 Aug 1982	Other	1319072
James Wellons Brinkley	President, director	1 Dec 1985	Other	30719
Robert George Donovan	Chief operations officer	1 Aug 1993	Other	2070562
Thomas Lee Souders	Chief financial officer	1 Sep 1999	Other	1162595
Robert Edward Patterson	Chief legal officer	1 Sep 1999	Other	2019453
Jonathan Mark Pearl	Senior registered option principal	1 Dec 1999	Other	839718
Thomas P Mulroy	Director	1 Nov 2000	Other	1541559
Robert Gregory Sabelhaus	Director	1 Nov 2000	Other	408581
Gregory Burns Mcshea	Compliance registered option principal	1 Mar 2001	Other	2870963
David Stuart Bowers	Chief operations officer	1 Aug 2001	Other	1129529
Charles James Jr Daley	Chief financial officer	1 Dec 2001	Other	1808224
Rocco Jr Procopio	Compliance registered option principal	1 Feb 2003	Other	2663616
Joyce Louise Ulrich	Chief operations officer	1 May 2003	Other	2726115
James Wellons Brinkley	Chief executive officer	1 Aug 2003	Other	30719
Timothy Charles Scheve	President	1 Aug 2003	Other	1319072
James Wellons Brinkley	Chairman of the board & director	1 Feb 2004	Other	30719
Timothy Charles Scheve	Chief executive officer, president & director	1 Feb 2004	Other	1319072
Joseph Andrew Sullivan	Director	1 Feb 2004	Other	872969
Richard Jay Himelfarb	Director	1 Jan 2005	Other	1213788
Robert Gregory Sabelhaus	Chief executive officer & president	1 Dec 2005	Other	408581
Barbara Little Weaver	Chief compliance officer	1 Dec 2005	Other	845541
Cliff Verron	Chief financial officer/treasurer	1 Dec 2005	Other	4332129
Laurie Ann Hesslein	Director	1 Dec 2005	Other	1158755
John Churchill Morris	Director	1 Dec 2005	Other	734315
Citigroup Global Markets Holdings Inc.	Owner	1 Dec 2005	75% - 100%	11-2418067

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Citigroup Inc.	Owner	1 Nov 1997	75% - 100%	52-1568099

Based in Baltimore

The principal office where Legg Mason Wood Walker, Incorporated performs its advisory services is located at 100 Light St, Baltimore, MD 21202 1036, which is also the mailing address of the firm. An additional office of the firm is in Washington, DC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-837-8800 or by fax 410-454-3322. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.leggmason.com.