Lazard Family Office Partners: Integrating Wealth Management Solutions Through Strategic Partnership

Lazard Asset Management has expanded its wealth management capabilities by bringing together Truvvo Partners, a U.S.-based firm managing $3.8 billion in client assets, into a newly formed entity: Lazard Family Office Partners. This combined operation will oversee approximately $8 billion in assets and strengthen the firm’s ability to serve high-net-worth families across multiple investment and advisory domains.

Driving Demand in Sophisticated Wealth Solutions

The wealth management landscape continues to evolve as families seek integrated advice spanning investment strategies, tax optimization, and wealth succession planning. According to Evan Russo, Chief Executive Officer of Lazard Asset Management, the market increasingly demands comprehensive solutions that address both portfolio growth and legacy planning. “Both organizations are committed to delivering world-class investment strategies and service excellence,” Russo stated, highlighting how the combined platform positions Lazard Family Office Partners to support families in achieving their long-term financial and business objectives.

Enhanced Scale and Service Offerings

With this integration, Lazard’s global wealth management division now manages approximately $22 billion in client assets across its operations, including its European wealth management business. Lazard Family Office Partners will consolidate investment management, risk oversight, and family office services into a unified platform, enabling clients to access a broader range of capabilities.

The integration draws on Truvvo’s deep expertise in private markets and open-architecture investment approach, combined with Lazard’s established global investment platform. This synergy positions the firm to offer clients diversified strategies encompassing both public and private market opportunities, supported by operational solutions for cash flow management and liquidity planning.

Addressing Wealth Complexities

Casey Whalen, Chief Executive Officer and Chief Investment Officer of Truvvo Partners, emphasizes the value of this partnership: “We partner with our clients to help them solve and simplify the complexities of wealth, while delivering sophisticated investment solutions and advice. Leveraging Lazard’s expertise, infrastructure and resources will strengthen our platform and enable a holistic approach, allowing us to better serve our clients.”

Beyond traditional investment management, Lazard Family Office Partners will provide guidance on wealth transfer strategies, tax optimization, and philanthropic planning, addressing the multifaceted needs of affluent families navigating today’s economic environment.

Leadership and Operations

The Truvvo leadership team, including Partners Casey Whalen, Jerome Antenen, Alison Rosenzweig, Caitlin Reynolds and Danielle Roseman, will operate from the firm’s New York office, maintaining continuity while benefiting from Lazard’s broader infrastructure and resources.

Lazard Asset Management, a subsidiary of Lazard Ltd (NYSE: LAZ), manages approximately $216 billion in client assets globally across its equity, fixed income, and alternative investment divisions. The firm operates across 43 cities in 26 countries, providing strategic advisory and asset management services to corporations, institutions, and individuals worldwide.