Separately Managed Accounts

Helping to Meet the Needs of Individual Investors

Legg Mason is the largest manager of separately managed accounts in the industry*. Our portfolios offer investors access to a broad range of U.S. and international equity and fixed-income strategies, backed by the vast resources of a world leader in money management.

Multiple Types

Single Discipline Accounts

Portfolios designed for investors who want to target a specific asset class or investment style. Balanced portfolios are also available in this program.

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Multiple Discipline Accounts® (MDAs)

Portfolios that combine two or more investment styles in a single account, while also offering the benefits of our proprietary overlay portfolio management process. The goal is to achieve disciplined diversification by reducing risk while providing more consistent returns over time.

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The Full Spectrum of Asset Classes

Our separately managed accounts provide investors with a broad range of innovative investment solutions. Select one of the categories below to learn more.

Equity — U.S. Strategies that span a broad range of investing styles and market capitalizations within U.S. markets. View Our Products >	Fixed-Income — Taxable Strategies focused on corporate, government and/or mortgage-backed securities in U.S. and international markets. View Our Products >
Equity — Global and International Strategies focused on investments in non-U.S. markets. View Our Products >	Fixed-Income — Tax-Favored Strategies that invest in tax-exempt municipal securities with a broad range of maturities. View Our Products >
Balanced Strategies that combine investments in equity and fixed-income securities. View Our Products >

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Spotlight

Custom Asset Management
A unique service for high-net-worth investors who may have complex financial needs. Working in partnership with you and your financial advisor, we can address your specialized needs within a Legg Mason separately managed account. For more information, contact your financial advisor.

Western Asset Core and Core Plus
Investors can now access Western Asset's flagship strategies in separately managed accounts.
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Core Plus Portfolios >

More on Separately Managed Accounts
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*Source: Cerulli Associates, as measured by retail assets managed by Legg Mason subsidiaries, as of December 30, 2007.

An investor cannot invest directly in an index. Click here for Index Definitions.

All investment managers mentioned are subsidiaries of Legg Mason, Inc.

All investments involve risk, including possible loss of principal.

INVESTMENT PRODUCTS: NOT FDIC INSURED / NO BANK GUARANTEE / MAY LOSE VALUE

This site is intended for U.S. investors only. The products and services described on this site are generally not available to non-U.S. investors.