Legg Mason Focus Capital, Inc. (Philadelphia)

Legg Mason Focus Capital, Inc. is a large advisory firm based in Philadelphia. It manages $742.5 million of regulatory assets for 1,148 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Delaware, Florida, and 8 other states.

Legg Mason Focus Capital provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. 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 Focus Capital: assets under management

The assets under management (AUM) of Legg Mason Focus Capital, Inc. is $742.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $742.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $646.78 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Legg Mason Focus Capital, Inc. for their services and products based on a percentage of assets under management and fixed fees. 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 Focus Capital, Inc.

Peter Lanning Bain has been acting as President since 1 Feb 2001. Ericka Merluzzi Peterson joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Lanning Bain	Director	1 Feb 2001	Other	4221890
Inc. Legg Mason	Sole shareholder	1 May 2001	75% - 100%	52-1200960
Arthur Sheldon Karafin	Chairman and director	1 Jul 2001	Other	4346916
Robert George Hagstrom	President, chief investment officer & director	1 Jul 2001	Other	1175438
Deepak Chowdhury	Director	1 Jul 2004	Other	1770083
Mark Raymond Fetting	Director	1 Jul 2004	Other	733409
Ericka Merluzzi Peterson	Chief compliance officer	1 Oct 2004	Other	3126885

Based in Philadelphia

The principal office where Legg Mason Focus Capital, Inc. performs its advisory services is located at Two Logan Square, Suite 1850, Philadelphia, PA 19103, which is also the mailing address of the firm. An additional office of the firm is in Bala Cynwyd, PA. It doesn’t run an office outside of the United States.