# Lazard Asset Management Canada Inc

> Lazard Asset Management Canada Inc is an SEC-registered investment advisory firm in New York, NY, registered since 1995, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 106340
- Filed as: LAZARD ASSET MANAGEMENT CANADA INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106340
- AdvisorCensus page: https://advisorcensus.com/firm/lazard-asset-management-canada-inc-new-york-ny-106340

## Quick answers

**How is Lazard Asset Management Canada Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Lazard Asset Management Canada Inc reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Lazard Asset Management Canada Inc located?**
Lazard Asset Management Canada Inc's principal office is in New York, NY, according to its Form ADV.

**Is Lazard Asset Management Canada Inc registered with the SEC or a state?**
Lazard Asset Management Canada Inc is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 106340.

**How much does Lazard Asset Management Canada Inc manage?**
Lazard Asset Management Canada Inc reports $2,282,810,629 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Lazard Asset Management Canada Inc's assets and staff changed since 2021?**
In the Form ADV data for Lazard Asset Management Canada Inc: Regulatory assets under management: $3,077,750,644 in the October 2021 data and $2,282,810,629 in the October 2026 data, down 26%. Total employees: 0 in October 2021 and 0 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lazard Asset Management Canada Inc serve?**
By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (6); pooled investment vehicles (other than investment companies and business development companies) (4); charitable organizations (1).

**Which custodians does Lazard Asset Management Canada Inc use?**
Lazard Asset Management Canada Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists RBC Investor & Treasury Services (Formerly RBC Dexia), State Street Bank and Trust Company and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets.

**Does Lazard Asset Management Canada Inc report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106340

**What changed in Lazard Asset Management Canada Inc's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $2,683,333,477 to $2,282,810,629 (-15%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- RBC Investor & Treasury Services (Formerly RBC Dexia)
- State Street Bank and Trust Company
- The Bank of New York Mellon

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $2,282,810,629
- Discretionary: $2,282,810,629
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | Not reported |
| High net worth individuals | Fewer than 5 | Not reported |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $988,289,859 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | Not reported |
| Charitable organizations | 1 | $2,375,057 |
| State or municipal government entities (including government pension plans) | 1 | $317,773,134 |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | 6 | $974,372,579 |
| Other | Fewer than 5 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1995 (30 years)
- Employees: 0 total, 0 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106340

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,077,750,644 | 0 | March 29, 2021 |
| October 2022 | $4,792,110,330 | 0 | March 30, 2022 |
| October 2023 | $3,370,538,195 | 0 | July 11, 2023 |
| October 2024 | $3,060,646,421 | 0 | July 22, 2024 |
| October 2025 | $2,683,333,477 | 0 | March 27, 2025 |
| October 2026 | $2,282,810,629 | 0 | March 31, 2026 |

Regulatory assets under management: $3,077,750,644 in the October 2021 data and $2,282,810,629 in the October 2026 data, down 26%.
Total employees: 0 in October 2021 and 0 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $2,683,333,477 to $2,282,810,629 (-15%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lazard Asset Management Canada Inc (CRD 106340): Form ADV filing data as of October 2026.