Separately Managed Accounts (SMAs) are investment services provided Legg Mason Private Portfolio Group, LLC, ("LMPPG") a federally registered investment adviser. LMPPG serves as the coordinating portfolio manager and in this role, manages client portfolios based on investment instructions provided by one or more Legg Mason affiliated sub-advisers. SMAs are designed for high net worth individuals who are able to meet specific minimum balances. SMAs are not sold through Legg Mason Investor Services, LLC., a registered broker dealer.Diversification does not assure a profit or protect against market loss.
Please see the individual portfolios overview screens for important information about the management of the portfolios, including risks involved.Client portfolios are managed based on investment instructions provided by one or more of the following Legg Mason-affiliated investment management firms, as indicated in portfolio names or otherwise: ClearBridge Advisors, LLC, Western Asset Management Company, Brandywine Global Investment Management, LLC and Global Currents Investment Management, LLC . Effective April 1, 2008, client portfolios are implemented by a service provider on behalf of Legg Mason Private Portfolio Group ("LMPPG") or, in the case of certain programs, by the program sponsor or its designee.
MULTIPLE DISCIPLINE ACCOUNT is a registered service mark of Citigroup Global Markets Inc. ("CGMI") and is used under license by Legg Mason Private Portfolio Group ("LMPPG"). LMPPG is not affiliated with CGMI.
All investments involve risk, including possible loss of principal.INVESTMENT PRODUCTS: NOT FDIC INSURED / NO BANK GUARANTEE / MAY LOSE VALUE
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