Average AUM ($B) Average Fees (Bps) Financial Advisory Revenue Asset Management Revenue $274 $259 $265 $267 $262 Data in millions, except Lazard clients, average AUM and average fees 12 Premier active manager with significant diversification of investment strategies and global market reach Equity Fixed Income Global 15 CONFIDENTIAL DRAFT | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | ...