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).