Asset manager · New York, NY
Lazard Asset Management LLC
SEC-registered investment adviser · CRD 122836 · SEC 801-61701
At a glance
Lazard Asset Management LLC is an SEC-registered investment adviser based in New York, New York, with $120.5 billion in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is banking or thrift institutions, and it reports 4,187 individual clients. By Form ADV it is a asset manager, ranked 121st of 3,218 asset managers and 227th of 17,210 SEC-registered advisers by assets.
Main office 212-632-6000lazard.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $121B
- Rank among asset managers
- #121 of 3,218
- Rank among all SEC RIAs
- #227 of 17,210
- Rank in New York
- #55 of 2,591
- Individual clients
- 4,187
- High-net-worth clients
- 595
- Accounts
- 5,110
- Discretionary
- 97% of AUM
- Employees
- 532
- Advisory staff
- 240
- Offices
- 3
Owners and executives on its Form ADV
- Mark R. AndersonGeneral Counsel
- Robert M. MassaroniChief Financial Officer
- Kyle C. DigangiChief Compliance Officer and Counsel
- Peter R OrszagDirector
- Christopher HogbinChief Executive Officer, Director
- Rosalie F. BermanChief Operating Officer
- Tracy L. FarrChief Financial Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Lazard Asset Management LLC is a hybrid RIA: 179 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Lazard Asset Management (canada) Securities, ULC, Lazard Asset Management Securities LLC, Lazard Freres & Co. LLC and Lazard Middle Market LLC.
- Lazard Asset Management (canada) Securities, ULC
- Lazard Asset Management Securities LLC ↗CRD 129119
An introducing broker-dealer: its trades clear through Pershing, which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
- Lazard Freres & Co. LLC ↗CRD 2528
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
- Lazard Middle Market LLC ↗CRD 146092
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Banking or thrift institutions | 216 | $25B | 21% |
| Investment companies | 30 | $24B | 20% |
| State or municipal government entities | 54 | $21B | 18% |
| Other investment advisers | 25 | $15B | 12% |
| Pooled investment vehicles | 81 | $13B | 11% |
| Corporations or other businesses | 339 | $9.3B | 8% |
| High-net-worth individuals | 595 | $6.0B | 5% |
| Pension and profit sharing plans | 29 | $3.2B | 3% |
| Charitable organizations | 141 | $2.0B | 2% |
| Insurance companies | 8 | $1.1B | <1% |
| Individuals | 3,592 | $1.1B | <1% |
Private funds
Lazard Asset Management LLC reports 66 private funds with $8.5B in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Lazard Asset Management LLC answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗lazard.com ↗
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The full record on Lazard Asset Management LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Lazard Asset Management LLC manage?
Lazard Asset Management LLC reports $120.5 billion in regulatory assets under management across 5,110 accounts, 97% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is Lazard Asset Management LLC?
Lazard Asset Management LLC is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are Lazard Asset Management LLC’s clients?
By assets, its largest client types are banking or thrift institutions ($25.2 billion, 216 clients); investment companies ($23.5 billion, 30 clients); state or municipal government entities ($21.5 billion, 54 clients).
Does Lazard Asset Management LLC manage private funds?
Yes. It reports 66 private funds with $8.5 billion in gross assets, including hedge funds, other private funds.
Does Lazard Asset Management LLC have any disciplinary history?
Lazard Asset Management LLC answers yes to 1 disclosure item in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Lazard Asset Management LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →