Legg Mason, Inc. (Legg Mason), incorporated in 1981, is a global asset management company. Acting through its subsidiaries, the Company provides investment management and related services to institutional and individual clients, Company-sponsored mutual funds and other investment vehicles. The Company offers these products and services directly and through various financial intermediaries. It divides its business into three divisions: Managed Investments, Institutional and Wealth Management. Within each of its divisions, the Company provides its services through a number of asset managers, each of which is an individual business that generally markets its products and services under its own brand name.