07:14 AM EDT, 07/11/2025 (MT Newswires) -- Lazard ( LAZ ) reported Friday that its assets under management reached $248.36 billion at the end of June, up from $235.29 billion in May.

The monthly gain included $5.4 billion in market appreciation, $4.6 billion in net inflows, and $3.1 billion in foreign exchange appreciation, the company said.

Preliminary average AUM for the second quarter totaled $238.6 billion, Lazard ( LAZ ) said.