Lazard Ltd. LAZ recorded a 10.5% rise in preliminary assets under management (AUM) as of Nov 30, 2020, from the prior month. Total AUM came in at $247.6 billion, up from the October 2020 figure of $224.2 billion.Following this development, shares of the company have appreciated marginally, reflecting positive investor sentiments.The November AUM displayed a $21.6-BILLION market appreciation and a favorable foreign-exchange impact of $2.9 billion. These positives were partially offset by net outflows of $1 billion.Lazard’s equity AUM at the end of November grew 12% from the prior month to $201.1 billion. Also, other assets increased 6.6% to $4.9 billion. Further, fixed income AUM climbed 4.2% on a sequential basis to $41.6 billion.Lazard is well positioned to grow organically on strength of its Financial Advisory and Asset Management segments. However, pandemic-induced uncertainties and stringent regulations are headwinds.Shares of the company have gained 21.6% in the past three months compared with 23.1% growth registered by the industry.Currently, Lazard carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Competitive LandscapeCohen & Steers CNS reported preliminary AUM of $76.7 billion as of Nov 30, 2020, up 7.7% from the prior-month level. Net inflows of $458 million and market appreciation of $5.2 billion were partly offset by distributions of $221 million.T. Rowe Price Group, Inc. TROW announced preliminary AUM of $1.42 trillion for November. The figure underlined a 9.2% rise from the $1.3 trillion recorded as of Oct 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.4 billion in the reported month.Franklin Resources BEN recorded preliminary AUM by its subsidiaries of $1.47 trillion for November. Results displayed a 5.8% increase from the $1.39 trillion recorded as of Oct 31, 2020.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Franklin Resources, Inc. (BEN): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report To read this article on Zacks.com click here.