Philip Malakoff
Philip Malakoff is a registered investment advisor at First Long Island Investors, LLC, based in Jericho, NY, with 35 years of industry experience. Philip operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, High Net Worth, Investment Management, Retirement Planning, and 1 more. Their firm serves 542 clients with $1.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $5.0M | 1.50% |
| $5.0M - $10.0M | 1.20% |
| $10.0M - $25.0M | 1.00% |
| $25M+ | 1.00% |
Schedule shown is for Core accounts. Advisory fees for core accounts are negotiable for clients with FLII relationships in excess of $30 million. For Dividend Growth accounts: First $5 million: 1.0%, Next $5 million: 0.85%, Next $15 million: 0.75%. Advisory fees for Dividend Growth accounts totaling more than $25 million are negotiable. For Fixed Income accounts, fees are 0.4% annually (0.3% for amounts in excess of $2.5 million, and negotiable for clients with FLII relationships in excess of $50 million). For accounts managed with low-basis legacy positions, fees are generally 1.0% annually or such lower fees as FLII may negotiate in its discretion on a case-by-case basis.
Fee Estimator
Location
One Jericho Plaza, Suite 201, Jericho, NY, 11753-1673
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Learn about disclosures →Other Business Activities
Philip acts as trustee for two trusts and is the owner and Senior Vice President-Wealth Management of First Long Island Investors, LLC (FLI). He has been employed full-time at FLI since 2007 and is a member of its investment committee.
Employment History
Current Registrations
First Long Island Investors, LLC
Fli Investors, LLCBroker
Previous Registrations
Westport Resources Management INC
Westport Resources Investment Services, INC.Broker
Axiom Capital Management, INC.Broker
Ladenburg, Thalmann & CO., INC.Broker
Schonfeld Securities INC.Broker
Sperber Adams & Company, INC.Broker
Shearson Lehman Hutton INC.Broker
State Registrations2 states
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