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| Additional information |
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| First Long Island Investors, LLC (FLI) |
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Overview:
First Long Island Investors, LLC (FLI) is a wealth management company and multi-family “family office” which is registered with the Securities and Exchange Commission as an investment advisor and as an affiliated broker-dealer. Since 1983, we have been dedicated to providing individualized advice and counseling in the preservation, growth and administration of liquid and illiquid wealth for high-net-worth individuals, families and select institutions. Today, FLI and its principal officers provide advice on well in excess of one billion dollars in assets to clients and philanthropic organizations.
Our primary goal is to preserve and grow our clients’ net worth with a constant concern for risk. To achieve this goal, we guide our clients in the creation of an investment plan that prudently allocates their capital among time-tested asset classes that fall into categories we label as Security, Defensive Equity, Traditional Equity, and Private Investments. In addition, our clients’ assets, whether in separately managed accounts or investment partnerships, are always custodied with large, reputable, well-known, public, independent custodians.
FLI provides a broad range of investment and financial services that enables us to develop strong and enduring relationships with our clients, based on a foundation of trust and a unique level of service. First Long Island Investors’ services are best suited for those with $5 million or more to invest. |
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History:
Formally established in 1983, FLI was the first local wealth management company to provide comprehensive and sophisticated investment advisory and financial services primarily for affluent Long Island individuals, families and select institutions. Until then, these investors either sought guidance from New York City-based firms, local banks or brokerage firms, or attempted to self-direct their wealth management needs.
The evolution of FLI began in 1975 with the relationship of a small group of advisors, led by FLI Chairman and Chief Executive Officer Robert D. Rosenthal, to the well-known Entenmann bakery family. These experienced professionals developed a plan to grow the bakery business, designed and implemented an exit strategy and, subsequently, provided the appropriate wealth management services to different generations of the Entenmann family.
This plan included strategic enhancements to the business, an initial public offering and the ultimate sale of the company to the Warner-Lambert Company. The sale created significant liquid wealth, which was prudently invested and administered for the family. Mr. Rosenthal and his colleagues found that the lessons they learned operating and growing this business provided an excellent foundation for the creation of sound, long-term investment strategies.
In October 1983, Mr. Rosenthal, along with Ralph F. Palleschi (FLI President and Chief Operating Officer), established First Long Island Investors. Today, over one-quarter of a century later, our objective remains the same: to provide a practical and transparent range of investment and wealth management solutions for a select group of high net-worth individuals, families and select institutions drawn primarily from the metropolitan New York area. |
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