First Manhattan was founded in 1964 by a group of individuals led by David Gottesman, who was the managing partner for more than 40 years and remains actively involved in the firm. The firm provides professional investment management services to individuals, partnerships, trusts, retirement accounts, and institutional clients. Our clients work directly with a Portfolio Manager who has the expertise and experience needed to make unbiased investment decisions on their behalf. Our client relationships are typically long-term. For many clients, we are managing accounts that have been at First Manhattan for many decades and generations.
Today, First Manhattan manages $15+ billion* on behalf of our clients.
The firm’s primary focus is on building individual stock portfolios with the goal of capital appreciation over time. We also manage municipal and corporate bond portfolios for clients who seek income or a balanced allocation. Partners at the firm have a significant amount of their own capital invested alongside clients. We believe strongly in our approach and alignment with our clients.
For more than 50 years, First Manhattan has been managing clients’ money using a risk-averse, long-term, value-oriented investment approach. Since our founding, we have honed our research and analysis methodologies, developed talent, explored new opportunities for investment, and helped our clients thrive through many market cycles and all market conditions. Throughout it all, however, our core philosophy has remained the same. We believe in:
- Hiring the best people and challenging them to deliver.
- Performing in-house, proprietary research to identify attractive opportunities.
- Avoiding undue risks, and being rigorous in portfolio construction.
- Delivering outstanding client service.
- Building a strong organization operationally and a culture of excellence and respect.
- Remaining focused on our core competencies.
Our narrow focus, adherence to our founders’ ideals, and enduring investment discipline have helped our firm and clients thrive for over five decades—and we believe that these attributes will help us continue to succeed in the future.
A Personal Commitment
Many of our client relationships have continued over multiple generations and countless market cycles. Long-term performance is only one reason that these relationships have endured. We are committed to building meaningful relationships with clients as we believe that a deep understanding of their needs enables us to be best positioned to protect and grow their assets.
As a trusted advisor to many clients, we often act as sounding boards and confidants on a wide variety of financial and other matters. We pledge that our advice will be straightforward, unbiased, and unquestionably in the best interest of the client.
We are proud of our personal commitment to helping clients find broad financial health and security and will remain unwavering in our efforts to meet their needs.
First Manhattan Co. is registered with the U.S. Securities and Exchange Commission as an investment adviser and as a broker-dealer, and is a member of the Financial Industry Regulatory Authority (FINRA)(www.finra.org).
* Assets under management as of November 2019.