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Lazard acquires Truvvo Partners, terms not disclosed
The Fly

Lazard acquires Truvvo Partners, terms not disclosed

Lazard Asset Management announced that it has acquired Truvvo Partners, a U.S.-based firm with $3.8B of Assets Under Management, 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 $8B in assets, including LAM’s 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 the evolving needs of our clients. As a result of Truvvo joining LAM, the firm’s global wealth management AUM, including assets managed across the firm’s European wealth management business, will total approximately $22B.

Published first on TheFly

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