Lazard's July AUM Rises 2.1% on Net Inflows & Market Gains, Equity Assets Up 3.4%

Lazard's July AUM rose 2.1% to $253.7 billion due to net inflows of $4.5 billion and market gains of $3.9 billion, partially offset by foreign exchange depreciation of $3.2 billion. Equity assets increased 3.4% to $198.8 billion, while fixed-income assets decreased 2.3% to $45.9 billion. Lazard's reliance on financial advisory fees may impact top-line growth, but cost-management efforts should aid the bottom line.

Lazard, Inc. (NYSE: LAZ) reported a significant increase in its assets under management (AUM) for July 2025, rising to $253.7 billion. This represents a 2.1% month-on-month increase, driven primarily by net inflows of $4.5 billion and market appreciation of $3.9 billion. However, the growth was partially offset by foreign exchange depreciation of $3.2 billion [1].

The equity assets segment saw a notable increase, rising 3.4% to $198.8 billion. Conversely, fixed-income assets decreased by 2.3% to $45.9 billion. Other assets decreased by 1.7% to $8.9 billion [2].

Lazard's performance stands in contrast to some of its peers in the asset management industry. For instance, AllianceBernstein Holding L.P. (AB) reported a stable AUM of $829 billion, while Franklin Resources, Inc. (BEN) saw a slight increase to $1.62 trillion [3].

The company's high reliance on financial advisory fees for a significant portion of its revenue may impact top-line growth. However, Lazard's cost-management efforts are expected to bolster its bottom line in the near term. Over the past year, shares of Lazard have outperformed the industry average, rising by 6.4% compared to the industry's growth of 19.9% [3].

References:
[1] https://www.marketscreener.com/news/lazard-reports-july-2025-assets-under-management-ce7c5ed3d08ef320
[2] https://seekingalpha.com/news/4483785-lazards-july-aum-rises-21-mm
[3] https://www.nasdaq.com/articles/lazards-july-aum-rises-21-net-inflows-market-gains