Royce & Associates
Specializing in small-cap investing, managing both U.S. and international portfolios for individual investors, financial advisors
and institutions. The firm is generally regarded as a pioneer in small-cap investing and has focused on this distinctive asset
class for more than 40 years, leading to unparalleled domain knowledge of the smaller-company investment universe. 
Unparalleled Knowledge & Experience [in Small-Cap Companies]
Small-cap investment management has been our specialty for 40+ years.
Independent Thinking that Sets Us Apart
Our team has the confidence to go against consensus, the insight to uncover opportunities others might miss, and the tenacity to stay the course through market cycles.
A Commitment to Investing with You
Our team of 17 portfolio managers have significant personal investments in the strategies they manage.
Royce & Associates (Royce) is affiliated with Legg Mason Investments (Ireland) Limited through common control and ownership by Legg Mason, Inc. Legg Mason Investments (Ireland) Limited provides its clients with access to Royce primarily through its UK and Ireland domiciled funds, in which Royce serves as investment manager.