First Manhattan Co. Acquires MRJ Capital

First Manhattan Partners with Beddow Capital Management to Expand RIA Platform

March 3, 2026

Financial Services

First Manhattan, a New York-based registered investment advisor with more than $36 billion in assets under management, announced that Beddow Capital Management has joined the firm. Founder Edward Beddow will join First Manhattan as senior managing director and portfolio manager, continuing to advise clients from Jackson, Wyoming.

First Manhattan Adds Roanoke Asset Management Team

August 5, 2025

Financial Services

First Manhattan has added Roanoke Asset Management, a New Jersey–based registered investment advisor, as team members join the firm with Edwin Vroom and Adele Weisman serving as Senior Managing Directors and Portfolio Managers. The move brings Roanoke's ~$350 million AUM capabilities and client relationships into First Manhattan to expand the firm's wealth management and portfolio management capabilities while leveraging First Manhattan's operational scale and research.

Wealth Enhancement Group Acquires M&R Capital Management, Inc.

November 7, 2024

Financial Services

Wealth Enhancement Group has acquired M&R Capital Management, an independent RIA based in Summit, New Jersey that manages over $536 million in client assets. The three-advisor team (plus three support staff) will join Wealth Enhancement Group to access its centralized services and expand the firm's presence in New Jersey.

Janney Montgomery Scott Acquires TM Capital

November 8, 2023

Financial Services

Janney Montgomery Scott LLC has agreed to acquire TM Capital, a middle-market investment bank with offices in Atlanta, Boston, and New York City. The deal expands Janney's Capital Markets Group by adding M&A advisory expertise across business services, industrials, healthcare, and consumer sectors; the acquisition is expected to close by year-end subject to regulatory approval.

Wealth Enhancement Group Acquires CJM Wealth Management

September 1, 2020

Financial Services

Wealth Enhancement Group, a Minneapolis-based independent wealth management firm overseeing roughly $19.4 billion in client assets, has acquired CJM Wealth Management, a Deer Park, New York registered investment adviser with about $440–446 million in client assets. The deal (closed Sept. 1, 2020) expands Wealth Enhancement Group’s presence in the New York metro (its third NY location and fifth in the Tri-State area); financial terms were not disclosed.

MAI Capital Management Acquires Grisanti Capital Management

May 15, 2020

Financial Services

MAI Capital Management, an independent registered investment adviser based in Cleveland, acquired New York–based Grisanti Capital Management in an all‑equity transaction that closed May 15, 2020. The deal adds an experienced investment team and roughly $225 million in assets under management, supporting MAI’s geographic expansion into New York City; financial and legal terms were not disclosed.