SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
First Manhattan Co. LLC
New York, NY
CRD 325281
Firm filing updated August 13, 2026 ·
- $38.1BAssets
- 6,294Clients
- 51Advisory staff
- 6,294Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Performance-based feesYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- High net worth individuals3,828
- Individuals2,252
- Charities108
- Pension and profit sharing plans95
- Pooled vehicles9
- and 1 more2
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 2,252 | $630.0 million |
| High net worth individuals | 3,828 | $33.3 billion |
| Investment companies | 2 | $172.8 million |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $919.2 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 95 | $1.5 billion |
| Charitable organizations | 108 | $1.6 billion |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
See all 6 services
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
Assets and accounts
- Regulatory assets$38.1 billion
- Accounts6,294
- Discretionary$35.7 billion · 6,104 accounts
- Non-discretionary$2.4 billion · 190 accounts
People
- Employees147
- Advisory staff51
- Broker-dealer reps94
- Licensed insurance agents0
- Planning clients251 to 500
Advisors
38 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 325281, SEC file 801-12411.
- Registered with the SEC as an investment advisor (status date on record: January 13, 1977).
Is First Manhattan Co. LLC a fiduciary?
Short answer: First Manhattan Co. LLC is registered with the SEC as an investment advisor. Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 94 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.