First Manhattan, an independent investment advisory firm, has added a New Jersey-based registered investment advisor that oversees $350 million in assets under management. 

Jersey City, NJ-based Roanoke Asset Management, founded in 1978, offers portfolio management and investment management to high-net-worth individuals across 119 accounts, according to the firm’s latest Form ADV in March. 

Following the acquisition, Roanoke’s president Edwin Vroom and SVP Adele Weisman will serve as senior managing directors and portfolio managers at First Manhattan, the firm said. 

Additionally, portfolio associate Sofia Bianculli will be transitioning to First Manhattan from Roanoke, a company spokesperson confirmed to Connect Money. 

As part of the transaction, Roanoke will gain access to First Manhattan’s wealth management services and proprietary research. 

All Roanoke members joined First Manhattan as personnel on August 1, and the transaction closed on July 31, a spokesperson said. 

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

In April, First Manhattan acquired San Francisco-based Grand-Jean Capital Management, which manages more than $500 million in client assets.