Clients
Lazard Asset Management serves 5,110 clients, 595 of them high-net-worth individuals. The average client has about $24 million with the firm, and high-net-worth clients hold 5% of its $120.5 billion in assets.
- High-net-worth individuals595 clients5%
- Banking or thrift institutions216 clients21%
- Investment companies30 clients20%
- Pooled investment vehicles81 clients11%
- Pension and profit-sharing plans29 clients3%
- OtherState or municipal government entities, Other investment advisers, Corporations and other businesses, Individuals, Charitable organizations, Insurance companies41%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 3,592 | $1,099,495,353 | 0.9% | $306K |
| High-net-worth individuals | 595 | $6,011,282,036 | 5.0% | $10.1M |
| Banking or thrift institutions | 216 | $25,181,668,885 | 20.9% | $116.6M |
| Investment companies | 30 | $23,520,031,959 | 19.5% | $784.0M |
| Pooled investment vehicles | 81 | $13,066,921,101 | 10.8% | $161.3M |
| Pension and profit-sharing plans | 29 | $3,151,884,769 | 2.6% | $108.7M |
| Charitable organizations | 141 | $1,975,589,496 | 1.6% | $14.0M |
| State or municipal government entities | 54 | $21,497,219,597 | 17.8% | $398.1M |
| Other investment advisers | 25 | $14,630,626,570 | 12.1% | $585.2M |
| Insurance companies | 8 | $1,119,442,084 | 0.9% | $139.9M |
| Corporations and other businesses | 339 | $9,265,658,420 | 7.7% | $27.3M |
| Total | 5,110 | $120,519,820,270 | 100% | $23.6M |
- Clients
- 3,592
- Regulatory AUM
- $1,099,495,353
- Share
- 0.9%
- Avg. per client
- $306K
- Clients
- 595
- Regulatory AUM
- $6,011,282,036
- Share
- 5.0%
- Avg. per client
- $10.1M
- Clients
- 216
- Regulatory AUM
- $25,181,668,885
- Share
- 20.9%
- Avg. per client
- $116.6M
- Clients
- 30
- Regulatory AUM
- $23,520,031,959
- Share
- 19.5%
- Avg. per client
- $784.0M
- Clients
- 81
- Regulatory AUM
- $13,066,921,101
- Share
- 10.8%
- Avg. per client
- $161.3M
- Clients
- 29
- Regulatory AUM
- $3,151,884,769
- Share
- 2.6%
- Avg. per client
- $108.7M
- Clients
- 141
- Regulatory AUM
- $1,975,589,496
- Share
- 1.6%
- Avg. per client
- $14.0M
- Clients
- 54
- Regulatory AUM
- $21,497,219,597
- Share
- 17.8%
- Avg. per client
- $398.1M
- Clients
- 25
- Regulatory AUM
- $14,630,626,570
- Share
- 12.1%
- Avg. per client
- $585.2M
- Clients
- 8
- Regulatory AUM
- $1,119,442,084
- Share
- 0.9%
- Avg. per client
- $139.9M
- Clients
- 339
- Regulatory AUM
- $9,265,658,420
- Share
- 7.7%
- Avg. per client
- $27.3M
Total
- Clients
- 5,110
- Regulatory AUM
- $120,519,820,270
- Share
- 100%
- Avg. per client
- $23.6M
What it does
Lazard Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, fixed fees and performance-based fees.
Lazard Asset Management advises 66 private funds.
96.6% of assets ($116.48B across 5,083 accounts) are managed with discretion; $4.04B across 27 accounts are not. $2.54B sits in a wrap fee program the firm both sponsors and manages. 2% of clients are outside the U.S., and 57 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks81%
- Funds3%
- Pooled vehicles2%
- Registered funds1%
- Bonds13%
- U.S. government and agency bonds4%
- Investment grade corporate bonds4%
- Sovereign bonds2%
- High-yield corporate bonds2%
- State and local bonds1%
- Cash3%
Custodians
Lazard Asset Management’s client accounts are held mainly at State Street Bank and Trust, with 14% of managed assets, and The Bank of New York Mellon, with 11%. Lazard Asset Management has custody of $7.67B for 418 clients.
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $16.63B14%
- The Bank of New York MellonThe Bank of New York Mellon · East Syracuse, NY · $13.54B11%
- J.P. MorganJpmorgan Chase Bank, N.A. · New York, NY · $9.99B8%
- Brown Brothers Harriman &Brown Brothers Harriman & Co. · Boston, MA · $11.08B9%
- All other custodians$69.29B57%
Ownership and leadership
Lazard Freres & Co LLC owns 75% or more of Lazard Asset Management, and Christopher Hogbin is its CEO.
- Owns 75% or more of Lazard Asset Management LLC
Lazard Freres & Co LLC
Control person · since December 2002
- Owns 75% or more of Lazard Freres & Co LLC
Lazard Group LLC
Control person · since May 2005
- Owns 50% to 75% of Lazard Group LLC
LLTD Corp II
Control person · since May 2005
- Owns 75% or more of LLTD Corp II
LLTD Corp I
Control person · since May 2005
- Owns 75% or more of LLTD Corp I
Lazard, Inc.
Control person · since May 2005
- Owns 25% to 50% of Lazard Group LLC
LLTD 2 S.A.R.L.
Control person · since May 2005
- Owns 75% or more of LLTD 2 S.A.R.L.
Lazard Holdings LLC
Control person · since May 2017
Leadership
- Christopher HogbinChief Executive Officer, Director
- Tracy FarrChief Financial Officer
- Robert MassaroniChief Financial Officer
- Rosalie BermanChief Operating Officer
- Kyle DigangiChief Compliance Officer and Counsel
- Mark AndersonGeneral Counsel
- Peter OrszagDirector
Staff
- 532 employees
- 240 in advisory functions
- 35 state-registered reps
- 179 broker-dealer reps
- 6 soliciting firms
Reported holdings
Lazard Asset Management’s reported 13F holdings total $66.06B across 1,935 positions, and the ten largest make up 25.4% of it.
- $66.06B
- Reported 13F value
- 1,935
- Positions
- 25.4%
- In the 10 largest
- +8.7%
- Value vs. prior quarter
- Nvidia Corporation3.9%
- Apple Inc.3.6%
- Microsoft3.0%
- Amazon Com Inc.2.8%
- Exelon Corp.2.3%
- Taiwan Semiconductor Manufac · Sponsored ADS2.2%
- American Tower2.1%
- Alphabet Inc. · Cap Stk CL C1.9%
- Alphabet Inc. · Cap Stk CL A1.9%
- Crown Castle Inc.1.7%
Together, the ten largest are 25.4% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $66.06B is not its $120.52B in regulatory assets and does not represent any individual client's portfolio.
Fees
Lazard Asset Management is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Lazard Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Lazard Asset Management has 2 offices, with 3 listed addresses across 3 states.
California · 1 listed address
- Four Embarcadero Center, San Francisco
Massachusetts · 1 listed address
- 222 Berkeley Street, Boston
New York · 1 listed address
- 30 Rockefeller Plaza, New YorkHQ
Registration details
- Legal name
- Lazard Asset Management LLC
- Headquarters
- 30 Rockefeller Plaza, New York, NY 10112
- Phone
- 212-632-6000
- SEC file
- 801-61701
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Lazard Asset Management have?
Lazard Asset Management has 5,110 clients and manages $120.5 billion for them, as of March 2026. They include 3,592 other individuals, 595 high-net-worth individuals and 339 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Lazard Asset Management offer?
Lazard Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Lazard Asset Management use?
Lazard Asset Management’s separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $16,628,994,604, The Bank of New York Mellon (East Syracuse, NY), with $13,535,046,038, Brown Brothers Harriman & Co. (Boston, MA), with $11,079,152,020 and Jpmorgan Chase Bank, N.A. (New York, NY), with $9,987,910,113. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Lazard Asset Management have?
Lazard Asset Management has 35 investment adviser representatives registered with state securities authorities, out of 532 employees, and 240 perform investment advisory functions. 179 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Lazard Asset Management invest in?
At the end of its last fiscal year, Lazard Asset Management’s separately managed accounts held 81% exchange-traded equities, 4% U.S. government and agency bonds, 4% investment grade corporate bonds, 3% cash and equivalents, 2% sovereign bonds, 2% high-yield corporate bonds, 2% pooled vehicles (private funds and similar), 1% state and local bonds and 1% registered funds (mutual funds, ETFs, BDCs). It advises 66 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Lazard Asset Management?
Lazard Asset Management is owned through a chain of holding companies by Lazard, Inc. and Lazard Holdings LLC. Its direct owner is Lazard Freres & Co LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Lazard Asset Management get paid?
Lazard Asset Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file