BALTIMORE -- Fee revenue from the investment advisory business grew during the past year at Legg Mason Inc., and now accounts for 39% of total revenue compared with 36% a year ago.
Legg Mason experienced net inflows into Legg Mason Funds of $1.2 billion, up 70% from the previous year, according to the company' first fiscal quarter earnings report. Total assets under management have grown 26% in the last year, to $93 billion.
