Legg Mason to acquire online financial advisory...

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Legg Mason Inc. has agreed to acquire a Utah financial advisory business for an undisclosed sum. Baltimore-based Legg Mason will purchase an 82 percent stake in Financial Guard LLC, an online portfolio adviser that helps investors with allocation, fund selection and financial education. Legg Mason (NYSE: LM) says the deal comes as demand grows for technology-enabled advice. The move also furthers the money manager’s long-term strategy focused on creating more choices for investors, the company…