Legg Mason Trust, a unit of the Baltimore asset management company, announced Tuesday that it had changed its name to Legg Mason Investment Counsel.
Legg Mason Investment Counsel is the wealth management fiduciary of Legg Mason Inc., which had $850 billion of assets under management at Dec. 31. The unit is headed by chief executive officer Harry O'Mealia; it offers trust advisory, administrative, and family office services along with asset management.
Mr. O'Mealia said in a press release that the name change reflects Legg Mason's "primary role as an asset manager to individuals, families, and institutions, as well as trusts. We provide customized local delivery that is national in scope and shares Legg Mason's global resources."
The name change took effect April 1. Legg Mason Investment Counsel has offices in five cities on the East Coast and in the Midwest.
