A corporate employee who has worked for the same firm for more
than 20 years has developed a large concentrated position in his
company's stock. He is concerned about his lack of diversification,
and potential security overlap with other investments in his portfolio.

A separately managed account with the benefit of customization
may provide him with what he is looking for, since it will allow him to
exclude an investment such as his company stock .
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Client portfolios are managed based on investment instructions provided by one or more of the following Legg Mason-affiliated investment management firms, as indicated in portfolio names or otherwise: ClearBridge Advisors, LLC, Western Asset Management Company, Brandywine Global Investment Management, LLC and Global Currents Investment Management, LLC. Effective April 1, 2008, client portfolios are implemented by a service provider on behalf of Legg Mason Private Portfolio Group ("LMPPG") or, in the case of certain programs, by the program sponsor or its designee.


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