First Manhattan Acquired Roanoke

INVESTMENT MANAGEMENT DEALS BLOG

August 28, 2025

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.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.