Legg Mason

Name

Legg Mason

Legal name

Franklin Templeton

Website

https://leggmason.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282), Real Estate Investment Trusts (6798)

akta.pro primary industry

Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds) (FSAHAIAM)

akta.pro secondary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Investment management
• Asset management
• Mutual funds
• Fixed income
• Closed-end funds

Headquarters

HQ city

Baltimore

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: Legg Mason generates revenue primarily through management fees charged on assets under management across its family of mutual funds, closed-end funds, and separate accounts. Fees are typically calculated as a percentage of AUM, creating a revenue stream directly tied to assets managed and market valuations.

Go-to-market motion1 record

Distribution channels2 records

Core offering

Legg Mason is a global asset management firm that manages investment portfolios across fixed income, equities, and alternative asset classes through a family of affiliated investment managers including Western Asset, BrandywineGLOBAL, ClearBridge Investments, Benefit Street Partners, Clarion Partners, and Lexington Partners. The firm offers mutual funds, closed-end funds, ETFs, and separate accounts to institutional and retail clients, with Western Asset managing $228.9 billion in assets alone.

Product overview

Legg Mason operates as part of Franklin Templeton's diversified global asset management platform, which was expanded significantly through acquisitions including Legg Mason, Benefit Street Partners, Clarion Partners, and Lexington Partners. The current product suite encompasses fixed income funds (Western Asset Premier Bond Fund, BrandywineGLOBAL), closed-end equity/income funds (LMP Capital and Income Fund), and specialized ETFs (Franklin International Low Volatility High Dividend ETF). The platform manages approximately $270 billion in private markets and $228.9 billion in assets under management for Western Asset. Franklin Templeton is expanding into tokenized funds and retail-accessible private markets, positioning itself as a comprehensive platform amid industry consolidation trends.

Differentiator

Problem solved

Functional benefit

Brands

• Franklin Templeton: Global alternative investment platform and investment management brand under Franklin Resources, offering strategies across fixed income, equities, real estate, private equity, and alternative investments.

Products and services

• Western Asset Premier Bond Fund A closed-end bond fund managed by Western Asset (an investment group of Franklin Templeton) that focuses on fixed-income securities. The fund is part of portfolio management operations managing assets exceeding $228.9 billion in total across Western Asset's operations.
• LMP Capital and Income Fund Inc (NYSE: SCD) A closed-end investment vehicle trading on the NYSE, managed by Western Asset, providing capital appreciation and income generation through a diversified portfolio managed by both ClearBridge and Western Asset portfolio managers.
• BrandywineGLOBAL Fixed Income Fund (BWG) A fixed income fund managed by BrandywineGLOBAL, part of Franklin Templeton's global asset management platform, providing investors with income and total return through fixed income strategies. The fund's NAV per share was reported at $9.17 as of January 31, 2026.
• Franklin International Low Volatility High Dividend ETF (LVHI) An actively managed ETF offering global diversification across nearly 20 countries, focusing on international low-volatility dividend-paying stocks. The fund delivered 36.5% returns over the past 12 months, outperforming the S&P 500 and MSCI World Index.

Quantifiable outcome

• 36.5% returns over 12 months for Franklin International Low Volatility High Dividend ETF
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• ActiscoreStrategic or Co-development Partner · 7 January 2026Partnership with Actis for infrastructure investments as part of Franklin Templeton's expansion into tokenized funds and retail-accessible private markets. Actis provides infrastructure investment expertise supporting the firm's strategic growth initiatives.
• Copenhagen Infrastructure PartnerscoreStrategic or Co-development Partner · 7 January 2026Partnership with Copenhagen Infrastructure Partners for energy infrastructure investments as Franklin Templeton diversifies into infrastructure through partnerships with specialized investors.
• DigitalBridgecoreStrategic or Co-development Partner · 7 January 2026Partnership with DigitalBridge for digital infrastructure investments as part of Franklin Templeton's broader expansion into alternative investments and tokenized funds for retail accessibility.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• BlackRock: The world's largest asset manager, offering overlapping fixed-income, equity, alternatives, and ETF products to institutional and retail clients. Competes with Franklin Templeton/Legg Mason across virtually every institutional mandate and increasingly in private markets and tokenized funds.
• Nuveen (TIAA): Large-scale asset manager owned by TIAA, with substantial fixed-income, real estate (REITs), and private markets capabilities — directly overlapping with Western Asset, Clarion Partners, and Lexington Partners within the Legg Mason/FreFranklin platform.
• Vanguard: Largest passive/index asset manager whose low-cost mutual funds and ETFs are the primary structural substitute for Legg Mason's actively managed products, driving the fee compression and AUM migration risk across the platform.

Direct peers

• T. Rowe Price: Traditional publicly traded asset manager (TROW) with comparable active management focus across fixed income and equity strategies, serving institutional and retail intermediary channels. Faces the same fee compression and passive substitution pressures as Legg Mason's affiliates.
• Cohen & Steers: Specialized asset manager focused on real assets, real estate securities, and preferred income strategies. Comparable to Clarion Partners and BrandywineGLOBAL within the Legg Mason platform, particularly in real estate and income-oriented institutional products.
• Franklin Resources: The NYSE-listed parent (BEN) of Franklin Templeton and Legg Mason since the 2020 acquisition. Operates the same diversified asset management platform, including Western Asset, ClearBridge, BrandywineGLOBAL, Clarion Partners, and Lexington Partners — overlapping product suite and institutional/retail channels.
• Invesco: Global asset manager (IVZ) with overlapping fixed-income, equity, and ETF product lines including QQQ. Directly competes with Franklin Templeton/Legg Mason in institutional mandates and the active ETF category where the Franklin LVHI ETF operates.
• Federated Hermes: Asset manager with significant fixed-income and money-market capabilities, including the Federated Hermes U.S. Strategic Dividend ETF cited as a peer benchmark in the source data. Directly comparable active management product set.
• Lazard: Global asset manager and financial advisory firm with institutional asset management offerings across equities, fixed income, and alternatives. Competes with Franklin Templeton/Legg Mason for institutional and sovereign wealth fund mandates.
• Janus Henderson: Global active asset manager with comparable fixed-income, equity, and alternatives capabilities serving institutional and intermediary channels. Direct competitor for Legg Mason-affiliated Western Asset and ClearBridge mandates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/leggmason
• Facebookfacebook.com/leggmason
• LinkedInlinkedin.com/company/legg-mason

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Legg Mason