On August 5, 2025, First Manhattan announced that it had acquired Roanoke.
On August 5, 2025, First Manhattan announced that it had acquired Roanoke Asset Management (“Roanoke”). Edwin Vroom and Adele Weisman will serve as Senior Managing Directors and Portfolio Managers at First Manhattan. Further terms of the transaction were not disclosed.
First Manhattan, based in New York, provides investment advisory and wealth planning services to high‑net‑worth individuals, as well as to partnerships, trusts, retirement accounts, and institutional clients. As of August 2025, First Manhattan had $34 billion in assets under management.
Roanoke, based in Jersey City, New Jersey, is an investment management firm specializing in private client and institutional portfolio management, offering customized investment strategies focused on long-term growth and capital preservation. As of August 2025, Roanoke had $350 million in assets under management.
To read the press release: please click here.