The firm reported operating revenues of $667.8 million for the fourth quarter, a decline of 1% from $673.9 million in the prior quarter.
Operating margin for the period was 6.4%, as compared to a negative margin in the prior quarter due to the non-cash impairment charges related to intangible assets.
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Overall, the money manager had $664.6 billion in assets under management as of 31 March 2013, a 3% increase from a year ago. The asset growth was largely due to $12.1 billion in market gains and $5.4 billion brought in with its $63 million March acquisition of European money manager Fauchier Partners.
Investors withdrew a net $1.8 billion from the firm last quarter even as stocks surged to record highs.
For the fiscal year 2013, in which the company had a significant write-down of certain assets, Legg lost $353.3 million, or $2.65 per share. The year before, Legg posted a $220.8 million profit.
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