For the current quarter period, its adjusted income stood at $123.6m or $0.88 per diluted share, versus $76.8m or $0.55 per diluted share during the third quarter this year.
For the full year period ended, the wealth manager net income was $220.8m or $1.54 per diluted share, against a net income of $253.9m, or $1.63 per diluted share during the same period of 2011.
Adjusted income for the year 2012 was registered at $397m, or $2.77 per diluted share, versus adjusted income of $439.2m, or $2.83 per diluted share during the corresponding period a year ago.
Total operating revenues declined by 4% to $2.7bn for 2012 compared to operating revenues of $2.8bn during the same period previous year.
As of the quarter ended 31 March 2012, its assets under management (AUM) stood at $643.3bn, up by 3% from $627bn compared to the quarter ended on 31 December 2011, and down 5% from $677.6bn at fiscal year-end 2011.
Legg Mason chairman and CEO Mark Fetting said with the close of fiscal year 2012, Legg Mason completed its streamlining plan, generating over $140m in annual cost savings, and returned over $440m to shareholders through share repurchases and dividends.
The efforts of both our global distribution team and our affiliates have resulted in significantly reduced long-term outflows and our client facing teams are building momentum in new product categories. Legg Mason enters fiscal year 2013 with a strong and flexible balance sheet," Fetting said.
