First Long Island Investors, LLC (Jericho)

Name: First Long Island Investors, LLC
Address: One Jericho Plaza, Jericho, NY, 11753
Telephone: 516-935-1200

First Long Island Investors, LLC is a large advisory firm based in Jericho. It manages $1 billion of regulatory assets for 641 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, New Jersey, and New York.

First Long Island Investors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and advice to private investment partnerships. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First Long Island Investors: assets under management

The assets under management (AUM) of First Long Island Investors, LLC is $1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 295% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.56 million each.

First Long Island Investors has custody of $377.79 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 83% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Long Island Investors, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients First Long Island Investors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of First Long Island Investors is pooled investment vehicles with 46 clients and $450.06 million of assets under management. Among the 5 most similar advisory firms, First Long Island Investors has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $991.16 million for 362 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

First Long Island Investors also advises several private funds. Namely, six hedge funds, three real estate funds, one other private fund, and two private equity funds. The minimum investment commitment required of non-related persons ranges from $30,000 to $250,000.

Careers at First Long Island Investors, LLC

The company employs 20 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Alan Siegel	Executive vice president general counsel, chief compliance officer	1 Aug 1998	Other	2932234
Stephen Joseph Juchem	Chief financial officer & senior vice president	1 Jan 2001	Other	4471132
Ryan Melkonian	Vice president, 5% owner	1 Jan 2001	Other	2268622
Bruce Alan Siegel	Executive vice president general counsel, chief compliance officer	1 Jan 2005	Other	2932234
Inc. First Long Island Investor Holdings	Sole shareholder	1 Jan 2013	75% - 100%	46-1701689
Inc. First Long Island Investor Holding	Sole shareholder	1 Jan 2013	75% - 100%	46-1701689
Inc. First Long Island Investor Holdings	Member class a interests	1 Jul 2019	75% - 100%	46-1701689
Robert Daniel Rosenthal	Manager, chairman, ceo and member class a interests	1 Jul 2019	Other	1439033
Llc Kudu Investment Management	Member class i interests	1 Jul 2019	Other	174350

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Daniel Rosenthal	Chief executive officer	1 Aug 1998	50% - 75%	1439033
Ralph Francis Palleschi	President and chief operating officer	1 Jun 1999	25% - 50%	1439102
Inc. Guilford Holdings	Shareholder	1 Aug 2006	75% - 100%	20-5264121
Ltd. White Mountains Insurance Group	Shareholder	1 Sep 2017	75% - 100%	94-2708455
Inc. White Mountains Capital	Member	1 Feb 2018	75% - 100%	57-1163892

Based in Jericho

The principal office where First Long Island Investors, LLC performs its advisory services is located at One Jericho Plaza, Jericho, NY 11753, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 516-935-1200 or by fax 516-935-1274. The normal business hours are 9 - 5:30 on Monday - Friday. You can find more information about the New York firm at fliinvestors.com.