Truvvo Partners LLC

Truvvo Partners LLC, operating as Lazard Family Office Partners, was founded in 2007 as a private wealth management firm for sophisticated families. In March 2023, Lazard Asset Management LLC acquired Truvvo, making it a wholly owned subsidiary. Truvvo offers strategic advice, investment management, and direct private investment opportunities to clients, acting as an outsourced investment office. The firm's investment strategies focus on global, multi-asset, and multi-manager platforms, blending institutional and family best practices. Truvvo provides customized solutions and access to direct investments alongside other investors. The firm's investment team has experience working with top endowments and foundations, enhancing due diligence and portfolio management for clients. Truvvo primarily serves sophisticated families, foundations, endowments, and select institutions, with a minimum asset requirement of $100 million for new managed account relationships. The firm offers advisory services on a discretionary or non-discretionary basis, tailored to each client's goals, risk tolerance, and liquidity needs. Truvvo's fee structure is based on a percentage of assets under advisement, with fees varying based on asset levels. The firm does not charge performance-based fees for managed accounts but may charge such fees for direct private investment vehicles. Truvvo has custody over certain client accounts and complies with the Custody Rule by arranging annual surprise examinations by independent accountants. The firm exercises investment discretion for certain clients and has established proxy voting policies to maximize client value. Truvvo has not been involved in any legal or disciplinary events in the past decade and maintains financial stability.