Roanoke Asset Management Joins First Manhattan

Seasoned investment professionals bring decades of client relationships and high-conviction portfolio management

NEW YORK--(BUSINESS WIRE)--First Manhattan, a $34B+ independently owned and operated investment advisory firm, today announced that Roanoke Asset Management (“Roanoke”), a New Jersey-based registered investment advisor with over $350 million in assets under management, has joined the Firm. Edwin Vroom and Adele Weisman will serve as Senior Managing Directors and Portfolio Managers at First Manhattan, continuing their long tradition of managing client portfolios with discipline and care.

For more than four decades, Roanoke built a reputation for consistent performance and dedicated client service. The team’s approach—grounded in fundamental research and a long-term investment lens—has earned the trust of individuals, families, and institutions.

“Ed and Adele are exceptionally thoughtful investors who have built lasting relationships grounded in trust, rigor, and results,” said Zachary Wydra, Chief Executive Officer of First Manhattan. “We are proud to welcome them to First Manhattan and look forward to building on the success they have created over many decades.”

Mr. Vroom began his investment career at Bankers Trust, where he managed employee benefit portfolios for Fortune 100 companies and high-net-worth individuals. He founded Roanoke Asset Management in 1978 and has led the firm for more than 45 years. He holds a BS from NYU’s School of Commerce and Banking.

Ms. Weisman joined Roanoke in 1981 following leadership roles as Treasurer of GAF Corporation and Vice President at Bankers Trust, where she managed more than $500 million in institutional assets. She earned her BA from Arcadia University and an MBA from NYU’s Stern School of Business.

“Joining First Manhattan is a continuation of what we’ve always believed in: putting clients first and maintaining a disciplined, long-term view,” said Mr. Vroom. “We are excited to access the Firm’s independent research capabilities while preserving the direct, personal relationships that have defined our work.”

“We have spent our careers in high-conviction, fundamentals-based investing,” said Ms. Weisman. “First Manhattan not only shares that philosophy but also brings the people and culture to support it across generations. That alignment was essential to this move.”

The Roanoke team will continue to serve clients with the same investment approach, now supported by First Manhattan’s operational scale, proprietary research, and wealth planning services.

About First Manhattan
First Manhattan is a $34B+ AUM investment advisory firm with six decades of experience in long-term wealth compounding. The Firm strives to deliver strong financial returns through a research-driven investment approach, customized wealth planning advice, and highly personalized client service. Since its founding in 1964, First Manhattan has remained independently owned and operated. The Firm and its principals were original investors in the entity that later became Berkshire Hathaway. For more information, please visit firstmanhattan.com.