Lazard Asset Management LLC

Registered investment adviser · New York, NY · CRD #122836

Form ADV data as of 2026-09-01

Regulatory assets

$120.52 billion

Total accounts

5,110

Employees

532

Disclosure events

Firm details

Website: http://www.lazardassetmanagement.com
Telephone: 212-632-6000
SEC file number: 801-61701
Most recent Form ADV filing: 2026-03-30
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 1 disclosure question answered Yes, covering 1 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Another regulator found a violation of investment-related regulations or statutes

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$116.48 billion
Non-discretionary regulatory assets under management	$4.04 billion
Total regulatory assets under management	$120.52 billion
Discretionary accounts	5,083
Non-discretionary accounts	27
Total accounts	5,110
Regulatory assets under management attributable to non-U.S. persons	$33.65 billion

People

Total employees (excluding clerical)	532
Employees performing investment advisory functions (including research)	240
Employees who are registered representatives of a broker-dealer	179
Employees registered as investment adviser representatives with a state	35
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	6

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$7.67 billion
Clients for whom the firm has custody	418
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$3.85 billion
Clients for whom a related person has custody	144
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	14

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Performance-based fees

Advisory services offered

Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)

Other business activities

Commodity pool operator or commodity trading advisor

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Commodity pool operator or commodity trading advisorBanking or thrift institutionSponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys securities from or sells securities to advisory clients (principal transactions)
Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Executes agency cross transactions involving advisory client securities
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Receives soft dollar benefits
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	3,592	$1.10 billion
High net worth individuals	595	$6.01 billion
Banking or thrift institutions	216	$25.18 billion
Investment companies	30	$23.52 billion
Pooled investment vehicles (other than investment companies and BDCs)	81	$13.07 billion
Pension and profit sharing plans (not the participants or government plans)	29	$3.15 billion
Charitable organizations	141	$1.98 billion
State or municipal government entities (including government pension plans)	54	$21.50 billion
Other investment advisers	25	$14.63 billion
Insurance companies	8	$1.12 billion
Corporations or other businesses not listed above	339	$9.27 billion