Lazard is a global financial advisory and asset management firm that serves corporate, institutional, government, and individual clients across the world. In Financial Advisory, the firm provides mergers and acquisitions counsel, capital solutions, shareholder advisory, restructuring services, and sovereign advisory, emphasizing senior-level relationship management and deep contextual expertise across industries and geographies. In Asset Management, the firm offers investment solutions and wealth management across equity, fixed income, alternatives, and private equity strategies to institutional investors and private wealth clients through institutional channels, mutual funds, and separately managed accounts. The firm generates revenue from advisory fees negotiated on a per-engagement basis and from asset management fees based on assets under management, competing primarily on client relationships, industry expertise, investment performance, and brand reputation.