Lazard Ltd. (LAZ) Acquires Truvvo Partners
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Lazard Asset Management Acquires Truvvo Partners, Creating Lazard Family Office Partners
March 1, 2023 12:00 PM ESTNEW YORK--(BUSINESS WIRE)-- Lazard Asset Management (LAM) today announced that it has acquired Truvvo Partners (Truvvo), a U.S.-based firm with $3.8 billion of Assets Under Management (AUM), dedicated to providing strategic advice, wealth planning, and investment management to families.
Truvvo and LAM have formed Lazard Family Office Partners, which combined will manage approximately $8 billion in assets, including LAMs existing U.S. private client business, and provide advice and investment solutions across public and private markets. Lazard Family Office Partners will integrate investment management, risk management, and family office services into one offering to help meet... More
