Lazard Asset Management LLC
Assets Under Management
$128.9B
Number of Clients
5,668
Number of Advisors
34
Average Client AUM
$22.7M
AUM per Advisor
$3.8B
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Lazard Wealth (LW), a division of Lazard Asset Management LLC (LAM), offers wealth management services through Lazard Family Office (LFO) and Private Client Group (PCG). LFO provides strategic advice, investment management, and direct private investment opportunities. PCG specializes in LAM's proprietary investment services for high-net-worth clients. LW invests in various asset classes and geographies through third-party managers and direct securities.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $100.0M | 0.75% |
| $100.0M - $200.0M | 0.55% |
| $200.0M - $300.0M | 0.45% |
| $300.0M - $400.0M | 0.35% |
| $400.0M - $500.0M | 0.25% |
| $500M+ | 0.15% |
Incremental fee based on net asset levels. Advisory Fees may vary based on numerous factors including but not necessarily limited to the Clients’ unique circumstances, complexity of the account(s) and nature of the investment portfolio. These fees are often customized and may result in an alternative fee arrangement, including charging a flat fee or a fee based on a percentage of assets that differs from the Advisory Fee described above.
Fee Estimator
LFO Advisory Account fees cover investment advisory and wealth planning services, based on a percentage of assets under advisement. These fees may vary based on client circumstances and portfolio complexity, potentially resulting in alternative fee arrangements like flat fees or percentage-based fees differing from the standard advisory fee. Clients investing in Lazard Vehicles or Direct Private Investment Vehicles may incur separate fees. Clients investing in LAM Sponsored Funds will incur fees and expenses as set forth in the prospectus or offering memorandum. Advisory Clients generally require a minimum of $50 million in assets, but this may be waived at Lazard's discretion.
Areas of Practice
Location
30 Rockefeller Plaza, New York, NY, 10112