FIRST LONG ISLAND INVESTORS, LLC

other names
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Adviser Profile
As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 26 4.00%
of those in investment advisory functions 8
Registration SEC, Approved, 07/13/1984
AUM* 1,545,821,993 14.62%
of that, discretionary 1,545,821,993 14.62%
Private Fund GAV* 505,216,998 15.95%
Avg Account Size 1,889,758 12.93%
% High Net Worth 54.10% 3.48%
SMA’s Yes
Private Funds 11 2
Contact Info 516 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
2B 1B 1B 997M 748M 498M 249M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count5 GAV$483,556,320
Fund TypePrivate Equity Fund Count2 GAV$1,824,870
Fund TypeReal Estate Fund Count2 GAV$216,043
Fund TypeOther Private Fund Count2 GAV$19,619,765

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Brochure Summary

Overview

First Long Island Investors, LLC (“FLII”) is a boutique wealth management firm that provides sophisticated money management services to high net worth clients. FLII is registered with the U.S. Securities and Exchange Commission as an investment adviser and was founded on a service ethic that puts clients at the center of everything we do. FLII traces its origins back more than 40 years, when Robert D. Rosenthal and Ralph F. Palleschi formally established FLII’s predecessor corporation in 1983. Bob and Ralph are FLII’s principal owners. Bob is Chairman, Chief Executive Officer, and Chief Investment Officer of FLII. Ralph is President and Chief Operating Officer and a member of FLII’s Investment Committee. FLII provides a broad range of investment and financial services to clients. Our advice is designed to provide clients with a long-term approach to wealth management that embodies a prudent, individualized asset allocation. Our goal is the preservation and growth of each client’s net worth. We recommend that clients diversify their investments among assets, including (where suitable) equities (in separately managed accounts and through
partnerships), in bonds, and in private investments. Equity investments include traditional equity investments and more defensive or hedged equity investments. Our principals invest side-by-side with our clients in every FLII strategy (other than fixed income which is personalized for each client). Where a strategy is offered through different investment vehicles, our principals invest in the vehicle suitable for them, but not in every vehicle available. We tailor our advice to client’s needs (we only provide advice to clients where our strategies are compatible with what we believe are the client’s needs). Clients may, in limited circumstances, place restrictions on our investments. We have accepted restrictions where clients hold low basis stocks they do not want to sell. Affiliates of FLII are general partners of certain partnerships in which our clients invest as limited partners. We are also a multi-family family office and provide family office services to certain clients. We manage $1,545,821,993 on a discretionary basis and we oversee $361,892,005 in assets on which we do not have discretionary authority (both as of December 31, 2023).