DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Lazard Asset Management LLC

Other adviserNew York, New YorkCRD 122836SEC 801-61701websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 16, 2012 · 65 filings
SEC status approved since Dec 31, 2002
RAUM
$121B
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
5.9%
$7.1B individuals and HNW
Advisors
32
registered through the firm on IAPD
RAUM per advisor
$3.8B
derived; firm RAUM over IAPD count
Employees
532
240 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
66
reported on Schedule D
History
65 filings and snapshots on the tape
RAUM$121B as of Mar 30, 2026
Mar 16, 2012$107B then
HNW client RAUM$6.0B as of Mar 30, 2026
Mar 28, 2018$3.0B then
State-registered IARs (5.B.3)35 as of Mar 30, 2026
Mar 21, 201311 then
Employees (5.A)532 as of Mar 30, 2026
Mar 21, 2013370 then
Private funds66 as of Mar 30, 2026
Mar 16, 201230 then
RAUM -6.5% over the last fiscal year-3.0% a year over threeIARs 32 to 35
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
RAUM per advisor
$3.8BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
131derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$10.1MderivedHNW RAUM over HNW clients
Average account
$23.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
97%derivedof RAUM
Institutional
23%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
16.6derivedItem 5.A over advisors
Advisors per office
10.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
-6.5%derivedbetween the last two annual amendments
Advisor growth, one year
+9.4%derivedItem 5.B.3 between annual amendments
Client growth, one year
-10%derived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisersreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$7.7B, 418 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Banks and thrifts$25B21%
  • Investment companies$24B20%
  • State and municipal entities$21B18%
  • Other investment advisers$15B12%
  • Pooled investment vehicles$13B11%
  • Corporations and businesses$9.3B7.7%
  • High-net-worth individuals$6.0B5.0%
  • Pension and profit-sharing plans$3.2B2.6%
  • Charitable organizations$2.0B1.6%
  • Insurance companies$1.1B0.9%
  • Individuals$1.1B0.9%
Individual clients
3,592reported
HNW clients
595reported
Pension plan clients
29reported
Charitable clients
141reported
Accounts
5,110reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $2.5B managedreported
Custody of client assets
$7.7B for 418 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.06 fund_share=0.42 institutional_share=0.23 related_bd=true related_bank=true bd_reps=179.0derived
Advisors registered through the firm
32 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Craig William StraubNew York, NyJun 5, 200329 y0
Frank Gerard SposatoNew York, NyJun 5, 200328 y0
Adule Mike WariebiNew York, NyMar 18, 202118 y0
Emily Tilden BravermanNew York, NyJun 10, 202111 y0
Maxwell Evan BashNew York, NyJun 11, 202111 y0
William MorinNew York, NyJun 11, 202111 y1
Lauren Jo MillerNew York, NyJun 11, 202110 y0
Jonathan Christopher FloodNew York, NyJul 29, 202115 y1
Andrew James DonatelliNew York, NyOct 5, 202114 y1
David MurphyNew York, NyDec 17, 202129 y1
Ava Claire GainesNew York, NyApr 22, 202212 y1
Thomas Andrew DillmannNew York, NyAug 18, 202210 y2
Peter J HessNew York, NySep 29, 202234 y4
Thomas C HuberNew York, NyJun 8, 202310 y1
Christopher John SchumacherNew York, NyJun 22, 202314 y1
Alexandra Rose ChoinskiNew York, NyApr 30, 202411 y2
Peter Anthony BiancoNew York, NyJun 18, 202421 y3
Breanne Murphy McdonnellNew York, NySep 9, 202412 y1
Patrick Joseph LeonardNew York, NyNov 14, 202414 y1
Lauren McgrathNew York, NyJan 21, 202512 y1
Austin Mingkai ZhaoNew York, NyFeb 12, 202513 y1
Stephanie Lauren SchilsNew York, NyMar 7, 202518 y2
Abigail LangenderferNew York, NyMar 10, 202510 y1
Matthew A ChorchesNew York, NyMar 11, 202526 y1
Matthew Gerard LaquidaraNew York, NyJun 7, 202511 y1
Brandon M AndersonNew York, NyJul 2, 202519 y3
Roshan NairNew York, NyAug 5, 202510 y1
Mariana Del Carmen Colberg IturreguiNew York, NyAug 9, 202511 y1
Joseph Timothy DalyNew York, NyOct 2, 202528 y1
Scott Robert KentNew York, NyOct 10, 202518 y2
Patrick Finn ReillyNew York, NyApr 20, 202611 y1
Maxwell Caufield SkidmoreNew York, NyMay 11, 202611 y0
Advisor movement
4 left, 3 joined in 12 months
net -1 in 12 months2 left in 90 days0 joined in 90 daysdeparture rate 13% of current headcount9 left over 36 months
Left, latest
Joined, latest
Private funds
111 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Lazard International Strategic Equity (Acw Ex-US) TrustOther Private Fund$1.2B19Mar 16, 2012
Lazard Market-Neutral Equity, L.P.no longer reportedHedge Fund$646M2May 20, 2019
Lazard Emerging Markets Total Return Debt Fundno longer reportedOther Private Fund$558M41Aug 9, 2012
Lazard Global Listed Infrastructure TrustOther Private Fund$485M30Mar 16, 2012
Lazard Kp Em Solutions Fund LLCno longer reportedHedge Fund$429M2Mar 29, 2019
Lazard Converts Absolute Return, L.P.Hedge Fund$370M2Nov 24, 2015
Emerging Markets Equity Group TrustOther Private Fund$355M7Mar 16, 2012
The Emerging World Investors Limited PartnershipOther Private Fund$340M16Mar 16, 2012
Lazard Rathmore Plus Master Fund, L.P.Hedge Fund$334M3Feb 23, 2021
Lazard Emerging Markets Small Cap Equity TrustOther Private Fund$226M12Apr 22, 2013
Lazard Alternative Emerging Markets Fund, L.P.no longer reportedOther Private Fund$216M8Mar 16, 2012
Lazard Rathmore Converts, LPHedge Fund$204M6Nov 22, 2022
Lazard Fixed Income Funds LLCOther Private Fund$199M14Mar 16, 2012
Lazard Private Market Opportunities LPOther Private Fund$180M50Mar 30, 2012
Lazard International Equity Strategies LPOther Private Fund$173M52Mar 31, 2015
Lazard Hedge Strategies Offshore LPOther Private Fund$158M9Mar 30, 2012
Lazard Discounted Assets Focus Funds, LLCno longer reportedOther Private Fund$150M50Mar 16, 2012
Lazard Long/Short Equity Strategies LPOther Private Fund$137M53Mar 31, 2015
Lazard Rathmore Plus Fund, Ltd.Hedge Fund$133M3Feb 23, 2021
Lazard US Equity Strategies LPOther Private Fund$116M32Mar 30, 2016
Lazard Event Driven Strategies LPOther Private Fund$84.4M38Mar 31, 2015
Lazard Emerging Income Plus, Ltdno longer reportedHedge Fund$82.2M11Mar 16, 2012
Lazard Symbiotic Alpha Master Fund, L.P.no longer reportedHedge Fund$67.1M3May 20, 2019
Lazard Emerging Market Equity Strategies LPOther Private Fund$64.1M52Mar 30, 2016
Lazard Emerging Markets Debt Blend Fund (US), L.P.Other Private Fund$63.6M7Mar 25, 2014
Lazard Opportunities Fundno longer reportedOther Private Fund$60.1M19Nov 28, 2012
Lazard Japan Vela Fund, Plcno longer reportedHedge Fund$59.2M4Mar 16, 2012
Lazard Japan Vela Subsidiary Limitedno longer reportedHedge Fund$59.2M1Mar 16, 2012
Lazard Japan Carina Subsidiary Limitedno longer reportedHedge Fund$58.0M1Mar 16, 2012
Lazard Baylight Long/Short Equity Master Fund, L.P.Hedge Fund$54.9M2May 20, 2020
Lazard International Equity (Acw Ex-US) TrustOther Private Fund$53.0M3Mar 16, 2012
Scottish & English Investors Limited Partnershipno longer reportedOther Private Fund$43.2M10Mar 16, 2012
Lazard Mena Equity FundOther Private Fund$43.1M2Mar 23, 2016
Lazard International Discounted Assets PortfolioOther Private Fund$39.1M7Apr 14, 2020
Lazard Korea Corporate Governance Fund, Plcno longer reportedOther Private Fund$38.6M11Mar 16, 2012
Lazard Frontier Opportunities Fund, L.P.no longer reportedOther Private Fund$37.5M2Sep 25, 2017
Lazard Private Market Opportunities LP - 20-21 Pe SeriesOther Private Fund$34.7M22Mar 30, 2021
Lazard Private Market Opportunities LP - 20-21 Ic SeriesOther Private Fund$34.4M23Mar 25, 2022
Lazard Global Hexagon Master Fund, L.P.no longer reportedHedge Fund$32.4M2Mar 16, 2012
Lazard International Equity Value Fund, L.P.no longer reportedHedge Fund$31.0M6May 21, 2018
All funds of Lazard Asset Management LLC
Owners and control persons
Schedule A and B, latest filing
  • Richard Mark Anderson · General Counselcontrol
    since 04/2017 · owns less than 5%
  • Hunter Lawrence Cohen · Global Head Of Technology & Operationscontrol
    since 02/2022 · owns less than 5%
  • Ahmad Nargis Hilal · Chief Compliance Officercontrol
    since 04/2022 · owns less than 5%
  • Marc Kenneth Jacobs · Directorcontrol
    since 06/2010 · owns less than 5%
  • Malcolm Robert Massaroni · Chief Financial Officercontrol
    since 01/2022 · owns less than 5%
  • Abraham Nathan Paul · Chief Operating Officercontrol
    since 01/2023 · owns less than 5%
  • Lawrence Evan Russo · Chief Executive Officer, Directorcontrol
    since 06/2022 · owns less than 5%
  • Mary Ann Betsch · Director
    since 06/2022 · owns less than 5%
Entity owners
  • Lazard Freres & Co LLC · Parent
    direct · owns 75% or more
  • Lazard Group LLC · Sole Member
    indirect · owns 75% or more of Lazard Freres & Co LLC · public reporting company
  • Lazard, Inc. · Shareholder
    indirect · owns 75% or more of Lltd Corp I · public reporting company
  • Lazard, Inc. · Shareholder
    indirect · owns 75% or more of Lltd Holding S.A.R.L. · public reporting company
  • Lltd 2 S.A.R.L. · Managing Member
    indirect · owns 25% to 50% of Lazard Group LLC
  • Lltd Corp I · Shareholder
    indirect · owns 75% or more of Lltd Corp II
  • Lltd Corp II · Managing Member
    indirect · owns 50% to 75% of Lazard Group LLC
  • Lltd Holding S.A.R.L. · Shareholder
    indirect · owns 75% or more of Lltd 2 S.A.R.L.
Related persons
Schedule D 7.A
  • Edgewater Services, LLC
    investment advisernRAUM $2.8B
  • Lazard Asset Management (Canada) Securities, Ulc
    broker-dealery
  • Lazard Asset Management Canada Inc
    investment adviserbankpooled vehicle sponsoryRAUM $2.3B
  • Lazard Asset Management (Deutschland) Gmbh
    investment adviserpooled vehicle sponsory
  • Lazard Asset Management (Hong Kong) Limited
    investment advisery
  • Lazard Asset Management (Singapore) Pte. Ltd.
    investment advisery
  • Lazard Asset Management (Uk) Holdings Limited
    investment advisery
  • Lazard Asset Management Limited
    investment adviserpooled vehicle sponsory
  • Lazard Asset Management Pacific Co.
    investment adviserpooled vehicle sponsory
  • Lazard Asset Management Schweiz Ag
    investment advisery
  • Lazard Asset Management Securities LLC
    broker-dealery
  • Lazard Freres & Co. LLC
    broker-dealery
  • Lazard Freres Gestion
    investment adviserpooled vehicle sponsorn
  • Lazard Fund Managers (Ireland) Limited
    investment adviserpooled vehicle sponsory
  • Lazard Gulf Limited
    investment advisery
  • Lazard Japan Asset Management K.K.
    investment advisery
  • Lazard Korea Asset Management Co., Ltd.
    investment adviserpooled vehicle sponsory
  • Lazard Middle Market LLC
    broker-dealern
  • Lazard Saudi Arabia Company
    investment advisern
  • Lazard Sustainable Private Infrastructure (Europe) Gp S.A R.L.
    pooled vehicle sponsory
Advisers that list Lazard Asset Management LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
New York, Ny · principal3244
Offices
Schedule D 1.F, the 25 largest
  • Boston, MA9 employees
  • San Francisco, CA5 employees
  • Palo Alto, CA
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • business activity changedChange between filings · filing Mar 30, 2026
    selection of other advisers (Item 5.G.7): no on the filing of 2026-01-05, yes on the filing of 2026-03-30
    peers: other advisers, $20B and over (120)
What changed
consecutive filings, newest first
  • Accounts · 5,668 to 5,110
    Jan 5, 2026 to Mar 30, 2026
  • Advisory employees · 241 to 240
    Jan 5, 2026 to Mar 30, 2026
  • Advisory activities · 4 to 5
    Jan 5, 2026 to Mar 30, 2026
  • BD registered reps · 178 to 179
    Jan 5, 2026 to Mar 30, 2026
  • Charity clients · 154 to 141
    Jan 5, 2026 to Mar 30, 2026
  • Corporate clients · 377 to 339
    Jan 5, 2026 to Mar 30, 2026
  • HNW clients · 568 to 595
    Jan 5, 2026 to Mar 30, 2026
  • Individual clients · 4,091 to 3,592
    Jan 5, 2026 to Mar 30, 2026
  • Pension plan clients · 41 to 29
    Jan 5, 2026 to Mar 30, 2026
  • Pooled vehicle clients · 76 to 81
    Jan 5, 2026 to Mar 30, 2026
  • Assets in custody · $6.1B to $7.7B
    Jan 5, 2026 to Mar 30, 2026
  • Employees · 507 to 532
    Jan 5, 2026 to Mar 30, 2026
  • State-registered IARs · 32 to 35
    Jan 5, 2026 to Mar 30, 2026
  • Private funds · 65 to 66
    Jan 5, 2026 to Mar 30, 2026
  • Discretionary RAUM · $125B to $116B
    Jan 5, 2026 to Mar 30, 2026
  • HNW RAUM · $5.6B to $6.0B
    Jan 5, 2026 to Mar 30, 2026
  • Individual RAUM · $1.1B to $1.1B
    Jan 5, 2026 to Mar 30, 2026
  • Non-discretionary RAUM · $3.4B to $4.0B
    Jan 5, 2026 to Mar 30, 2026
  • Pension RAUM · $3.4B to $3.2B
    Jan 5, 2026 to Mar 30, 2026
  • Pooled vehicle RAUM · $9.3B to $13B
    Jan 5, 2026 to Mar 30, 2026
  • RAUM · $129B to $121B
    Jan 5, 2026 to Mar 30, 2026
  • Wrap assets (manager) · $2.4B to $2.5B
    Jan 5, 2026 to Mar 30, 2026
  • Financial planning clients · unset to
    Mar 28, 2025 to May 23, 2025
  • Accounts · 6,404 to 5,668
    Jul 17, 2024 to Mar 28, 2025
  • Advisory employees · 246 to 241
    Jul 17, 2024 to Mar 28, 2025
  • BD registered reps · 189 to 178
    Jul 17, 2024 to Mar 28, 2025
  • Charity clients · 201 to 154
    Jul 17, 2024 to Mar 28, 2025
  • Corporate clients · 433 to 377
    Jul 17, 2024 to Mar 28, 2025
  • HNW clients · 584 to 568
    Jul 17, 2024 to Mar 28, 2025
  • Individual clients · 4,685 to 4,091
    Jul 17, 2024 to Mar 28, 2025
  • Pension plan clients · 45 to 41
    Jul 17, 2024 to Mar 28, 2025
  • Pooled vehicle clients · 69 to 76
    Jul 17, 2024 to Mar 28, 2025
  • Assets in custody · $5.6B to $6.1B
    Jul 17, 2024 to Mar 28, 2025
  • Employees · 518 to 507
    Jul 17, 2024 to Mar 28, 2025
  • Other offices · 3 to 2
    Jul 17, 2024 to Mar 28, 2025
  • Private funds · 62 to 65
    Jul 17, 2024 to Mar 28, 2025
  • Discretionary RAUM · $147B to $125B
    Jul 17, 2024 to Mar 28, 2025
  • HNW RAUM · $5.4B to $5.6B
    Jul 17, 2024 to Mar 28, 2025
  • Individual RAUM · $1.3B to $1.1B
    Jul 17, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $3.3B to $3.4B
    Jul 17, 2024 to Mar 28, 2025
Signals
21 dated events
  • Roshun Dayananda Pai left Lazard Asset Management Llc for Sei Investments Management Corp (registered 2026-08-03)
    Aug 24, 2026 · Advisor changed firm · fact
  • Nicholas Williams Smith left Lazard Asset Management Llc for Cresset Asset Management, Llc (registered 2026-06-23)
    Jun 23, 2026 · Advisor changed firm · fact
  • Karina Baldizon left Lazard Asset Management Llc for Nerdwallet Wealth Partners, Llc (registered 2026-08-19)
    Mar 18, 2026 · Advisor changed firm · fact
  • Christopher Milbourne Sego left Lazard Asset Management Llc for Cohen & Steers Capital Management Inc. (registered 2026-04-21)
    Mar 17, 2026 · Advisor changed firm · fact
  • Michael Gagala left Lazard Asset Management Llc for Wells Fargo Advisors (registered 2025-12-18)
    May 12, 2025 · Advisor changed firm · fact
  • Thomas Allen Bush left Lazard Asset Management Llc for Neuberger Berman Bd Llc (registered 2024-12-20)
    Dec 4, 2024 · Advisor changed firm · fact
  • Michael Charles Blevis left Lazard Asset Management Llc for Cetera Investment Advisers Llc (registered 2025-01-13)
    Nov 13, 2024 · Advisor changed firm · fact
  • Dieynaba Sy left Lazard Asset Management Llc for T. Rowe Price Associates, Inc. (registered 2024-10-30)
    Aug 2, 2024 · Advisor changed firm · fact
  • James Craig Schachtel left Lazard Asset Management Llc for Pgim, Inc. (registered 2025-10-21)
    Nov 28, 2023 · Advisor changed firm · fact
  • Karim William Salazar Antoni left Lazard Asset Management Llc for Arete Wealth Advisors, Llc (registered 2023-11-17)
    Sep 6, 2023 · Advisor changed firm · fact
  • Lazard Asset Management Llc reported RAUM $132.0B, down 25% from $177.2B (2022-11-22 to 2023-03-29)
    Mar 29, 2023 · RAUM change · derived
  • Franz Alexander Stern (Director) no longer on Schedule A of Lazard Asset Management Llc (listed 2022-11-22, absent 2023-03-29)
    Mar 29, 2023 · Control person left · inference
  • Bruce William Rosenberg (Global Head Of Operations & Co-Head Of Finance) no longer on Schedule A of Lazard Asset Management Llc (listed 2022-11-22, absent 2023-03-29)
    Mar 29, 2023 · Control person left · inference
  • Hunter Lawrence Cohen (Global Head Of Technology & Operations) appeared on Schedule A of Lazard Asset Management Llc
    Mar 29, 2023 · Control person joined · fact
  • Lucas Skidmore Rameaka left Lazard Asset Management Llc for Thornburg Investment Management Inc (registered 2024-01-29)
    Feb 15, 2023 · Advisor changed firm · fact
  • Ashish Bhutani (Director, Chief Executive Officer) no longer on Schedule A of Lazard Asset Management Llc (listed 2022-04-11, absent 2022-06-13)
    Jun 13, 2022 · Control person left · inference
  • Lawrence Evan Russo (Chief Executive Officer) appeared on Schedule A of Lazard Asset Management Llc
    Jun 13, 2022 · Control person joined · fact
  • Lazard Asset Management Llc reported 29 state-registered advisory representatives, up from 9 (2021-08-23 to 2022-03-30)
    Mar 30, 2022 · Advisor headcount change · derived
  • Malcolm Robert Massaroni (Chief Financial Officer) appeared on Schedule A of Lazard Asset Management Llc
    Mar 30, 2022 · Control person joined · fact
  • Ahmad Nargis Hilal (Chief Compliance Officer) appeared on Schedule A of Lazard Asset Management Llc
    Mar 30, 2022 · Control person joined · fact
  • Lazard Asset Management Llc reported RAUM $163.9B, up 28% from $128.5B (2018-02-02 to 2018-03-28)
    Mar 28, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Firm profile
LINKEDIN.COM/COMPANY/LAZARD-ASSET-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
Website
LAZARD.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
212-632-6000reportedpublic record, Form ADV, Mar 30, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Other adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
$3.8Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026