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Legg Mason Management Discusses Q1 2013 Results - Earnings Call Transcript

Legg Mason (LM)

Q1 2013 Earnings Call

July 27, 2012 8:00 am ET

Executives

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

Analysts

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

William R. Katz - Citigroup Inc, Research Division

Michael S. Kim - Sandler O'Neill + Partners, L.P., Research Division

Roger A. Freeman - Barclays Capital, Research Division

Cynthia Mayer - BofA Merrill Lynch, Research Division

Glenn Schorr - Nomura Securities Co. Ltd., Research Division

Craig Siegenthaler - Crédit Suisse AG, Research Division

Matthew Kelley - Morgan Stanley, Research Division

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

Eric N. Berg - RBC Capital Markets, LLC, Research Division

Douglas Sipkin - Susquehanna Financial Group, LLLP, Research Division

Presentation

Operator

Greetings, and welcome to the Legg Mason First Quarter Fiscal Year 2013 Earnings Call. [Operator Instructions] As a reminder, this teleconference is being recorded. It is now my pleasure to introduce your host, Alan Magleby, Head of Investor Relations and Corporate Communications. 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 first fiscal quarter 2013 ended June 30, 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, 2012, and in the company's quarterly reports on Form 10-Q.

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