Comparing the current results to its competitors, Legg Mason Inc reported Revenue decrease in the 1 quarter 2020 year on year by -5.55 %, slower than the combined decrease of the LM's competitors by -9.92 %, recorded in the same quarter.
Legg Mason Inc , slower than the average decrease reported by the company's competitors of -68.9 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -68.9 %
Legg Mason Inc 's Comment on Competition and Industry Peers
We are engaged in an extremely competitive business and are subject to substantial
competition in all aspects of our business. Our competition includes, with respect
to one or more aspects of our business, numerous international and domestic asset
management firms and broker-dealers, mutual fund complexes, hedge funds, commercial
banks, insurance companies, other investment companies and other financial institutions.
Many of these organizations offer products and services that are similar to, or
compete with, those we offer, and many of these organizations have substantially
more personnel and greater financial resources than we have. Some of these competitors
have proprietary products and distribution channels that make it more difficult
for us to compete with them. In addition, many of our competitors have long-standing
and established relationships with distributors and clients. The principal competitive
factors relating to our business are the quality of advice and services provided
to investors, the performance records of that advice and service, the reputation
of the company providing the services, the price of the services, the products
and services offered and distribution relationships and compensation offered to
distributors.
despite revenue deterioration, Legg Mason Inc increased its market share in this segment. company increased its market share in this segment to approximately 0.33 %.
Simmons First National Corp's business model is centered around providing banking and financial services to individuals, businesses, and organizations.
Associated Capital Group Inc's business model is centered around providing investment management and advisory services. They aim to generate returns for their clients through asset allocation, portfolio management, and strategic investment decisions. Additionally, the company may also engage in direct investments and acquisitions to enhance their overall portfolio.
Artisan Partners Asset Management Inc is an investment management company that focuses on providing active investment strategies to institutional and individual clients.
Apollo Asset Management Inc. is a financial institution that manages investments on behalf of its clients. They offer various investment strategies, including equity, fixed income, and alternative investments, catering to individual and institutional investors. Their business model revolves around delivering consistent returns and providing personalized investment solutions to meet clients' financial goals.
Sources:
Legg Mason Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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