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Legg Mason's CEO Discusses Q4 2012 Results - Earnings Call Transcript

Legg Mason (LM)

Q4 2012 Earnings Call

May 01, 2012 8:30 am ET


Alan F. Magleby - Director of Investor Relations & Communications

Mark Raymond Fetting - Chairman, Chief Executive Officer, President and Member of Finance Committee

Peter H. Nachtwey - Chief Financial Officer, Principal Accounting Officer and Senior Executive Vice President


Michael Kim

Michael Carrier - Deutsche Bank AG, Research Division

Cynthia Mayer - BofA Merrill Lynch, Research Division

Daniel Thomas Fannon - Jefferies & Company, Inc., Research Division

William R. Katz - Citigroup Inc, Research Division

Matthew Kelley - Morgan Stanley, Research Division

Craig Siegenthaler - Crédit Suisse AG, Research Division

J. Jeffrey Hopson - Stifel, Nicolaus & Co., Inc., Research Division

Roger A. Freeman - Barclays Capital, Research Division

Marc S. Irizarry - Goldman Sachs Group Inc., Research Division

Robert Lee - Keefe, Bruyette, & Woods, Inc., Research Division



Greetings, and welcome to Legg Mason Fiscal Fourth Quarter and Year-End 2012 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Alan Magleby, Head of Investor Relations and Corporate Communications. Thank you. Mr. Magleby, you may begin.

Alan F. Magleby

Thank you. On behalf of Legg Mason, I would like to welcome you to our conference call to discuss operating results for the fiscal 2012 fourth quarter and the fiscal year ended March 31, 2012.

This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not statements of facts or guarantees of future performance and are subject to risks, uncertainties and other factors that may cause actual results to differ materially from those discussed in the statements. For a discussion of these risks and uncertainties, please see risk factors and Management's Discussion and Analysis of financial condition and results of operations in the company's Annual Report on Form 10-K for the fiscal year ended March 31, 2011, and in the company's quarterly reports on Form 10-Q.

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