SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Lazard Asset Management LLC
New York, NY
CRD 122836
Firm filing updated March 30, 2026 ·
- $120.5BAssets
- 240Advisory staff
- 5,110Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Performance-based feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- Individuals3,592
- High net worth individuals595
- Corporations or other businesses339
- Banks216
- Charities141
- and 6 more227
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 3,592 | $1.1 billion |
| High net worth individuals | 595 | $6.0 billion |
| Banking or thrift institutions | 216 | $25.2 billion |
| Investment companies | 30 | $23.5 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 81 | $13.1 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 29 | $3.2 billion |
| Charitable organizations | 141 | $2.0 billion |
| State or municipal government entities (including government pension plans) | 54 | $21.5 billion |
| Other investment advisors | 25 | $14.6 billion |
| Insurance companies | 8 | $1.1 billion |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $0 |
| Corporations or other businesses not listed above | 339 | $9.3 billion |
| Other: "NOT APPLICABLE" | Fewer than 5 clients | $0 |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 5 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisors (including private fund managers)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisors (including private fund managers)
Assets and accounts
- Regulatory assets$120.5 billion
- Accounts5,110
- Discretionary$116.5 billion · 5,083 accounts
- Non-discretionary$4.0 billion · 27 accounts
People
- Employees532
- Advisory staff240
- Broker-dealer reps179
- Licensed insurance agents0
Advisors
23 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 122836, SEC file 801-61701.
- Registered with the SEC as an investment advisor (status date on record: December 31, 2002).
Is Lazard Asset Management LLC a fiduciary?
Short answer: Lazard Asset Management LLC is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 179 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.