Legg Mason Real Estate Services Inc (Philadelphia)

Name: Legg Mason Real Estate Services Inc
Address: 1600 Market Street, Philadelphia, PA, 19103
Telephone: 215-446-8100

Legg Mason Real Estate Services Inc is a large advisory firm based in Philadelphia. It manages $1.62 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Pennsylvania.

Legg Mason Real Estate Services provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. 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 Real Estate Services: assets under management

The assets under management (AUM) of Legg Mason Real Estate Services Inc is $1.62 billion. The firm's AUM has gone down by -15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $392.21 million in discretionary accounts and $1.23 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $130.74 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $112.06 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Legg Mason Real Estate Services Inc for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Legg Mason Real Estate Services Inc

Richard Jay Himelfarb has been acting as President since 1 Oct 1990. William Abelmann joined the executive team most recently as the Member Board Of Directors.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Elliott Joseph Huesken	Executive v.p. & cfo	1 May 1974	Other	4389177
M Walter Dalessio	Director, president & ceo	1 Jan 1982	Other	2369838
Eugene John Veneziale	Director, executive v.p. & coo	1 Mar 1982	Other	4389181
Robert Craig Butchenhart	Executive v.p.	1 Mar 1983	Other	4389161
Richard Jay Himelfarb	Director	1 Oct 1990	Other	1213788
Raymond Adams Mason	Director	1 Oct 1990	Other	322297
Inc. Legg Mason	Sole shareholder of applicant	1 Oct 1990	75% - 100%	52-1200960
Douglas Scott Callantine	Executive v.p.	1 Sep 1994	Other	4389163
Michael J. Mcpaul	Director of asset management and client accounting	1 Sep 1994	Other	4390331
Kathleen Margaret Hands	Director of equity	1 Sep 1997	Other	4389171
Richard Keith Layman	Managing director	1 Sep 1997	Other	4389179
Robert Craig Butchenhart	President mortgage banking	1 May 2001	Other	4389161
Douglas Scott Callantine	President investment advisory group	1 May 2001	Other	4389163
M Walter Dalessio	Chairman and ceo	1 May 2001	Other	2369838
Kathleen Margaret Hands	Managing director	1 May 2002	Other	4389171
Richard Keith Layman	Senior managing director	1 May 2002	Other	4389179
Enda Joseph Bracken	Director asset management	1 May 2002	Other	4554703
Douglas Scott Callantine	President,	1 Oct 2003	Other	4389163
M Walter Dalessio	Chairman	1 Oct 2003	Other	2369838
Richard Keith Layman	Senior managing director, director	1 Oct 2003	Other	4389179
Michael J. Mcpaul	Senior director, accounting & finance	1 Oct 2003	Other	4390331
Peter Lanning Bain	Director	1 Oct 2003	Other	4221890
Grosvenor Fund Management Usa Inc.	Sole shareholder	1 Mar 2006	75% - 100%	201918095
William Abelmann	Member- board of directors	1 Apr 2006	Other	5138474
Stuart Robert Beevor	Chairman	1 Apr 2006	Other	5138494

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jeremy Henry Newsum	Trustee	1 May 1994	Other	5138674
Robin Shedden Broadhurst	Trustee	1 Jan 1999	Other	5138679
Mark Antony Loveday	Trustee	1 Nov 1999	Other	5138678
Grosvenor Fund Management (Usa) Inc	Owner	1 Mar 2006	75% - 100%	201918095
Grosvenor International Fund Management Limited	Sole shareholder	1 Mar 2006	75% - 100%	foreign
Grosvenor Fund Management Limited	Sole shareholder	1 Mar 2006	75% - 100%	foreign
Grosvenor Group Limited	Sole shareholder	1 Mar 2006	75% - 100%	foreign

Based in Philadelphia

The principal office where Legg Mason Real Estate Services Inc performs its advisory services is located at 1600 Market Street, Philadelphia, PA 19103, which is also the mailing address of the firm. An additional office of the firm is in King Of Prussia, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-446-8100 or by fax 215-446-8101. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.lmres.com.