Legg Mason.Navigate Investment Planning With Ease Managing an association's financial assets Financial assets Claims on real assets. in today's topsy-turvy market is about as easy as dog-paddling in a riptide. That's why Legg Mason Founded in 1899, Legg Mason, Inc. (NYSE: LM) is a leading Global Asset Management Firm that serves the institutional, mutual fund and wealth management markets. The firm is headquartered in Baltimore, Maryland, and is located on Lombard and Charles Streets in the Legg Mason Wood Walker, Inc. ("Legg Mason"), in consultation with ASAE ASAE American Society of Association Executives ASAE American Society of Agricultural Engineers (Society for Engineering in Agricultural, Food, and Biological Systems) ASAE Alkali-Sulfite-Anthraquinone-Ethanol , has created the Association Investment Program (AIP AIP acute intermittent porphyria. AIP Acute intermittent porphyria ), a unique service designed to help manage association reserves, foundations, scholarship funds, deferred compensation, and endowments. A three-step approach Legg Mason addresses the unique investment needs of nonprofit organizations Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. through a disciplined, three-step approach to investing and by focusing on Long-term relationships, advocating a consultative, rather than a transaction-oriented approach. "AIP consultants work closely with association executives to assist in managing the investment process," says James K. Meek, vice president and consultant within Legg Mason's ASAE AIP. "We are experienced at working with staff, committees, and boards in the investment decision-making process." Step one: writing the policy Developing an investment policy is the first step in the Association Investment Program--and it's provided free of charge. The foundation of an effective investment program is a customized, written investment policy. A sound investment policy promotes continuity of a sound investment strategy and demonstrates that you, as a fiduciary, have made an effort to choose suitable investment vehicles. A well-documented, written investment policy can also assist you in meeting your fiduciary obligations. Your association simply completes a questionnaire; the results are then used as the basis for Legg Mason's draft investment policy. Legg Mason will: * work with you to decide the asset classes appropriate for your portfolio; * provide an asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. study unique to your organization's needs; and * help you determine the appropriate risk and return level for your association. Step two: implementing the policy Once a written policy is in place, your Legg Mason AIP consultant prepares a proposal detailing the approach he or she recommends to cost-effectively implement your association's investment policy. Depending on your association's objectives and investment time horizon, the consultant may recommend one or more of the following: Individual managed portfolios. Your AIP consultant will conduct a search for independent registered investment advisors Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in to manage your portfolio. Mutual funds. Selecting from more than 7,800 no-load or load-waived mutual funds, Legg Mason identifies appropriate funds to implement your written investment policy. Legg Mason's Mutual Solutions, a customized, fee-based portfolio management program investing exclusively in mutual funds, offers time-weighed performance, consolidated monthly statements, and quarterly reports. Step three: evaluating performance To keep you involved in the investment process, the program provides performance evaluations of your association's individual manager(s) or mutual funds. This helps you stay abreast of issues such as * the actual performance of your portfolio versus relative benchmarks and your financial objectives. * the risk level of your portfolio. * whether investment guidelines are being followed. These guidelines, which provide the framework within which investments are made, may pertain to pertain to verb relate to, concern, refer to, regard, be part of, belong to, apply to, bear on, befit, be relevant to, be appropriate to, appertain to proxy voting Proxy voting is the delegation to another member of a voting body of that member's power to vote in his absence. It is essentially synonymous to delegated voting. Proxy voting is commonly used in corporations for voting by members or shareholders, because it allows members , liquidity needs, trading and executive guidelines, or socially responsible investing Socially responsible investing describes an investment strategy which combines the intentions to maximize both financial return and social good. In general, socially responsible investors favor corporate practices which are environmentally responsible, support workplace diversity, . * whether your portfolio is consistent with the current objectives of your organization. Legg Mason consultants will evaluate your investments and provide consultation services on an ongoing basis to ensure your investments are consistent with your current mission and financial status. Disclaimer ASAE and a subsidiary of ASAE have entered into an arrangement with Legg Mason Wood Walker, Inc. ("Legg Mason"), under which Legg Mason will offer investment products and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to ASAE members. Neither ASAE nor any of its subsidiaries is registered as a broker-dealer or investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , and neither of these entities may engage in the offer or sale of investment products or services. Accordingly, investment products and services under the ASAE Association Investment Program will be offered and sold solely by Legg Mason, and participants in the program will be clients of Legg Mason and not ASAE. All inquiries regarding such products and services should be directed to Legg Mason's representative, Rob Kirkconnell, at 410-454-3693. |
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