Lawrence J. Waldman will join First Long Island Investors, LLC, a wealth management company established in 1983, as a Managing Director on May 2, 2016. At FLII, Larry will focus his time on being part of the team which advises current and prospective high net worth individuals, families, and select institutions on the benefits and value of FLII’s investment and wealth management services. He will also play a key role in creating as well as furthering strategic relationships with professional services firms on Long Island. FLII, which was founded in 1983, oversees in excess of $1.3 billion dollars in assets.
“I have been associated with FLII for many years and am delighted to join it in a full time capacity. I hope to use my breadth of experiences to help FLII grow its client base and advise its investment committee utilizing my extensive financial background” said Mr. Waldman. “This is a natural progression for me that builds upon my career in public accounting, serving public and private companies across various industries as well as my relationships with and knowledge of the Long Island business community. I look forward to this challenge and hope to contribute to the growth of FLII in the New York metropolitan area.”
Until 2006, Larry was the Managing Partner of the Long Island office of KPMG, the international accounting firm, where he began his career in 1972 and was responsible for the direction and operating of its Long Island practice. Larry currently serves as an advisor to the accounting firm EisnerAmper LLP, and as a board member and audit committee chairman for several public and private companies.
Robert D. Rosenthal, FLII’s Chairman, CEO and Chief Investment Officer, said: “Throughout his distinguished career, Larry has continuously worked with and been a trusted colleague of the firm and our clients. We are proud to add such a prominent and well-respected member of the Long Island business community to our team.”
Larry is an active leader in the Long Island business community, currently serving as Chairman of the Board of the Long Island Association, which is the region’s leading business organization. Kevin Law, President and CEO of the Long Island Association said “We are fortunate to have Larry as our Chairman and congratulate him on his new role at First Long Island Investors. He is a respected business leader who has served on the LIA Board for more than two decades and helps support our efforts to grow Long Island’s economy, create jobs, and improve the business climate for our region.”
Additionally, Governor Andrew Cuomo appointed Larry to serve as Chairman of the Long Island Power Authority in the wake of Hurricane Sandy, a position he held for more than a year following the devastating storm where he oversaw what was at the time the second largest public power utility in the nation. He currently serves on the Board of Trustees for the State University of New York and serves as Treasurer and Board Member of the Long Island Angel Network. He also serves on the Board of Directors and as the Treasurer of the Advanced Energy Research and Technology Center at Stony Brook University. Larry also serves on the Dean’s Advisory Council of the Zarb School of Business at Hofstra University, where he is an adjunct professor in the graduate program.