Lazard Asset Management – PillarWM
Experienced investors usually possess large portfolios that contain a wide range of assets. This approach helps them earn income from a variety of sources. Those who would like assistance with managing their portfolios often turn to firms such as Lazard Asset Management and Pillar Wealth Management. These firms offer asset management services that can be invaluable for any investor that wishes to maintain better control of their assets. Investors with portfolios valued at $5+ million can learn about investment management by requesting a free copy of our book 7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning For Families With Liquid Investable Portfolios Between $5 Million and $500 Million.
STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION
The insights you’ll discover from our published book will help you integrate a variety of wealth management tools with financial planning, providing guidance for your future security alongside complex financial strategies, so your human and financial capital will both flourish.
Clients frequently share with us how the knowledge gained from this book helped provide them tremendous clarity, shattering industry-pitched ideologies, while offering insight and direction in making such important financial decisions.
Table of Contents
Table of Contents
What is Lazard Asset Management?
There are plenty of stand-out asset management firms in the country. Many of these provide services for high net worth and ultra-high net worth investors. You can learn more about our own asset management by speaking with one of our trusted wealth managers.
Lazard Asset Management is an asset management and financial advisory firm based in New York. The firm has existed for over a century; however, it became a public company only in 2005. Lazard Asset Management manages $235.2 billion in assets around the globe.
You may be wondering, “Why does Lazard Asset Management stand out?” The firm is known for its global perspective related to investing. They possess experience with domestic, regional, and global portfolios.
Lazard Asset Management Services
Lazard offer a wide range of services for investors and institutions. These fall under their asset management andfinancial advisory services.
Asset Management Services
Lazard’s asset management services aim to help investors and institutions in a variety of ways. The firm has been investing in emerging markets for over 20 years. They design specialized strategies to deliver returns specific to the investment approach and philosophy used for each investment.
The firm also invests in fixed income and possesses plenty of experience in this area. They follow an active management approach for assets and focus on identifying securities that are sound investments and fall in line with their clients’ portfolio goals.
Lazard also offers financial advisory services for investors and institutions. They offer advice related to retirement, company acquisition, business investments, and more.
The company also offers financial planning services such as retirement planning, estate planning, tax planning, or life-based event planning. This means clients can get assistance in a wide variety of financial areas by turning to Lazard Asset Management.
For example, you may require assistance with planning for your eventual retirement. Lazard Asset Management’s experts can study your specific retirement needs and create a plan to help you achieve your dream retirement.
Similarly, you may be interested in creating a will or setting up a trust to control how your wealth is distributed following your passing. Lazard Asset Management’s experts can help you plan for this and offer their guidance as needed.
Lazard Asset Management Employees
You may be wondering, “How many employees does Lazard Asset Management have?” The company has over 800 members spread across 17 countries. Over 300 of these staff members are investment personnel who manage the firm’s $235.2 billion in assets.
Lazard Asset Management Minimum Account Size
Lazard Asset Management has multiple minimum account size and minimum investment size requirements, so it can be difficult to get an accurate estimate for each strategy. In any case, if you have assets ranging from $25million to $500 million, you might be interested in reading our book entitled The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million.
Some of Lazard’sinvestment strategies come with minimum investment requirements within the $5 million to $100 million range. The firm’s average client balance is also around $24.9 million. This should give investors some idea of the type of net worth they need to start using services from this firm.
What are Lazard Asset Management’s Fees?
Lazard Asset Management charges a monthly or quarterly fee for its services. This fee is based on a certain percentage of their client’s assets under management.
Some estimates for their investment management fee ranges are shown below:
• Global equity strategies: 0.50% – 1.25%
• Regional equity strategies: 0.40% – 1.00%
• Convertible securities strategies: 0.55% – 0.70%
• Quantitative equity strategies: 0.25% – 0.85%
• Balanced strategies: 0.50% – 1.00%
• Country specific equity strategies: 0.18% – 0.80%
• Alternatives strategies: 0.50% – 1.50%
• Fixed-income strategies: 0.20% – 0.80%
Is it Worth Using Asset Management Services?
Some new investors may be on the fence about using asset management services. After all, why pay to have someone manage your assets when you can do it yourself? The truth is that the benefits of asset management services outweigh the costs significantly. These benefits include:
Getting Advice from an Expert
As an investor, it is always crucial to be well-informed before making any financial decisions. You can read plenty of literature on investing. However, much of this may not be applicable to you due to your specific investment goals. A professional can give you advice that takes your unique needs into account. This allows you to benefit from their investment knowledge without having to learn about it yourself. You can learn about some great ways to improve your portfolio performance by reading our special guide.
It’s no secret that large portfolios can be time-consuming to manage. Researching new assets or monitoring the performance of your existing ones can take its toll over time. The best way to get around such portfolio problems is to hire a professional to take care of them for you.
This approach saves time, which you can then devote to other wealth growth and protection activities. Please talk with one of our wealth management experts to learn how we manage assets.
Keeping Your Portfolio Safe
Asset managers can also help keep your portfolio safe by analyzing the various risks present. They can also assess the risks and benefits before recommending any additional assets that fit with your investment goals. We talk about some safe strategies for growing your portfolio in our special guide.
Choosing an Asset Management Firm
Investors that intend to use an asset management firm in the near future may have trouble finding the right one for their needs. You can use the following steps to discover the options available to you and narrow your choices.
1. Consult Your Network
If your network of professionals contains other investors, you should consider asking them about the asset management firms they use. This will give you a concrete idea of which firms are popular among investors with your background. If you come across multiple investors that use the same firm, it may indicate that the firm is reputable.
2. Check the Internet
If you would rather do your own research to find an asset management firm, the internet is a great place to look. Most asset management firms maintain websites with information about their services, experts, and fees.
A quick Google search should help you discover dozens of asset management firms that offer services to investors of your background. Consider making a list of ten firms before moving to the next step.
3. Read Reviews
After creating your asset management firm list, you should look up reviews for each one. There are many independent review sites for asset management firms or wealth management firms on the internet. These reviews tell you about the firm and some of the experiences their clients have had using their services.
When reading these reviews, you should look for any red flags related to the firm’s reliability and fees. After all, an unreliable firm that also charges hidden fees may end up doing more harm than good for your portfolio.
4. Question their Experts
The next step is to contact the firm and talk with their representatives. If possible, you should speak with their financial advisors or wealth managers directly. This could be an in-person meeting or a phone conversation.
The advisor will likely ask about your portfolio and discuss the range of services they offer. However, you can also use this chance to test their expertise. Consider asking them some of the questions we discuss in our guide to choosing a financial advisor.
The right advisor will take the time to understand your needs before recommending personalized strategies to help you meet them.
Who is Pillar Wealth Management?
Pillar Wealth Management is a premier wealth management firm based out of Illinois. They offer wealth management services for both high net worth and ultra-high net worth investors. Please speak with one of our wealth management experts to learn more about us.
Our services include:
• Portfolio analysis
• Asset management
• Retirement planning
• Estate planning
• Tax planning
Are Pillar Wealth Management a Top Investment Firm?
You may be wondering, “Is Pillar Wealth Management a top investment firm?”. Pillar Wealth Management may not be the largest wealth management firm in the country. However, our clients value us for the high-quality personalized services we provide them.
Why Choose Pillar Wealth Management?
There are plenty of asset management and wealth management firms out there. So why choose Pillar Wealth Management? Some great reasons to hire us include:
Wealth managers make important financial decisions worth millions every day. This means they need to be well-informed and confident about what they are doing. This confidence and knowledge typically come through experience. The good news is that Pillar Wealth Management possesses plenty of experience.
Our wealth managers have over six decades of experience serving clients in the financial sector. They have witnessed the many challenges their clients encounter in their wealth-building journey. They offered assistance or solutions for these challenges and have improved their expertise along the way.
There is no point in hiring an asset management firm or wealth management firm if they are not reliable. At Pillar Wealth Management, we work hard to maintain the trust of our clients.
We do this by always offering high-quality services and maintaining regular communication with our clients. In fact, we usually limit the number of clients we take on each year so that we can maintain the quality of the services we provide. You can learn about our investment approaches by requesting a free copy of our book 7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning For Families With Liquid Investable Portfolios Between $5 Million and $500 Million.
As with other wealth management firms, we charge our clients a fixed annual fee based on the value of their assets. We ensure our fees are straightforward and that clients will never have to worry about hidden charges.
Our Personalized Services
As wealth managers, we understand the diverse backgrounds of our clients. Some are mature experts with plenty of financial knowledge, while others are younger investors looking to build wealth and expand their own investment expertise.
We take your unique background and goals into account when offering our services and plans. This is to ensure you receive the best possible advice that fits your needs. Please contact our wealth managers for a free introductory meeting and get started with better asset management.
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