First Long Island Investors (FLII) is a wealth management firm offering investment and financial services to individuals, corporations, pension plans, and charities. FLII focuses on a long-term approach to wealth management through individualized asset allocation, aiming to preserve and grow client net worth. They recommend diversifying investments across equities, bonds, and private investments. FLII's principals invest alongside clients in most strategies.
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.