{
  "crd_number": 122836,
  "slug": "lazard-asset-management-llc-new-york-ny-122836",
  "primary_business_name": "LAZARD ASSET MANAGEMENT LLC",
  "legal_name": "LAZARD ASSET MANAGEMENT LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2002-12-31",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 120519820270.0,
  "raum_discretionary": 116480931796.0,
  "raum_non_discretionary": 4038888474.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 532,
  "advisory_employees": 240,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0,
      "description": "NOT APPLICABLE",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 1975589496.0,
      "count": 141
    },
    "individuals": {
      "raum": 1099495353.0,
      "count": 3592
    },
    "banking_thrift": {
      "raum": 25181668885.0,
      "count": 216
    },
    "state_municipal": {
      "raum": 21497219597.0,
      "count": 54
    },
    "insurance_companies": {
      "raum": 1119442084.0,
      "count": 8
    },
    "investment_companies": {
      "raum": 23520031959.0,
      "count": 30
    },
    "pension_profit_sharing": {
      "raum": 3151884769.0,
      "count": 29
    },
    "other_investment_advisers": {
      "raum": 14630626570.0,
      "count": 25
    },
    "high_net_worth_individuals": {
      "raum": 6011282036.0,
      "count": 595
    },
    "pooled_investment_vehicles": {
      "raum": 13066921101.0,
      "count": 81
    },
    "corporations_other_businesses": {
      "raum": 9265658420.0,
      "count": 339
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 1,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV"
  ],
  "websites": [
    "https://facebook.com/LazardAssetManagement",
    "https://lazard.com",
    "https://lazardassetmanagement.com",
    "https://linkedin.com/COMPANY/LAZARD-ASSET-MANAGEMENT",
    "https://x.com/LazardAsset",
    "https://youtube.com/c/LazardAssetManagement"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/122836",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "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?"
    }
  ],
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/lazard-asset-management-llc-new-york-ny-122836",
  "display_name": "Lazard Asset Management LLC",
  "summary": "Lazard Asset Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2002, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Lazard Asset Management LLC (CRD 122836): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Lazard Asset Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Lazard Asset Management LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Lazard Asset Management LLC located?",
      "a": "Lazard Asset Management LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Lazard Asset Management LLC registered with the SEC or a state?",
      "a": "Lazard Asset Management LLC is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 122836."
    },
    {
      "q": "How much does Lazard Asset Management LLC manage?",
      "a": "Lazard Asset Management LLC reports $120,519,820,270 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (97% discretionary)."
    },
    {
      "q": "How have Lazard Asset Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Lazard Asset Management LLC: Regulatory assets under management: $168,016,320,214 in the October 2021 data and $120,519,820,270 in the October 2026 data, down 28%. Total employees: 478 in October 2021 and 532 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Lazard Asset Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,592); high net worth individuals (595); corporations or other businesses not listed above (339)."
    },
    {
      "q": "Which custodians does Lazard Asset Management LLC use?",
      "a": "Lazard Asset Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Brown Brothers Harriman & Co., JPMorgan Chase Bank, N.A., 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."
    },
    {
      "q": "Does Lazard Asset Management LLC report any disciplinary disclosures?",
      "a": "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/122836"
    },
    {
      "q": "What changed in Lazard Asset Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 241 to 240. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 168016320214.0,
      "total_employees": 478,
      "filing_date": "2021-08-23"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 177174701119.0,
      "total_employees": 532,
      "filing_date": "2022-06-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 132049654380.0,
      "total_employees": 532,
      "filing_date": "2023-05-23"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 150331817279.0,
      "total_employees": 518,
      "filing_date": "2024-07-17"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 128878312897.0,
      "total_employees": 507,
      "filing_date": "2025-05-23"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 120519820270.0,
      "total_employees": 532,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 241 to 240.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Brown Brothers Harriman & Co.",
      "name_as_filed": "BROWN BROTHERS HARRIMAN & CO.",
      "affiliated": false
    },
    {
      "name": "JPMorgan Chase Bank, N.A.",
      "name_as_filed": "JPMORGAN CHASE BANK, N.A.",
      "affiliated": false
    },
    {
      "name": "State Street Bank and Trust Company",
      "name_as_filed": "STATE STREET BANK AND TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "The Bank of New York Mellon",
      "name_as_filed": "THE BANK OF NEW YORK MELLON",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/lazard-asset-management-llc-new-york-ny-122836.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 3592,
      "fewer_than_5": false,
      "raum": 1099495353.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 595,
      "fewer_than_5": false,
      "raum": 6011282036.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 216,
      "fewer_than_5": false,
      "raum": 25181668885.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 30,
      "fewer_than_5": false,
      "raum": 23520031959.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 81,
      "fewer_than_5": false,
      "raum": 13066921101.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 29,
      "fewer_than_5": false,
      "raum": 3151884769.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 141,
      "fewer_than_5": false,
      "raum": 1975589496.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 54,
      "fewer_than_5": false,
      "raum": 21497219597.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 25,
      "fewer_than_5": false,
      "raum": 14630626570.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 8,
      "fewer_than_5": false,
      "raum": 1119442084.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 339,
      "fewer_than_5": false,
      "raum": 9265658420.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/122836",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}