First Long Island Investors Profiled by 25A Magazine

September 15th, 2016

25A Magazine’s Sara Barry discussed the current markets, investing for the long-term, and what it takes to build a successful wealth management business with First Long Island Investors founders Robert D. Rosenthal and Ralph F. Palleschi for 25A’s most recent issue.

25A Magazine Profile of FLI


Virginia Umbreit Elected to Board of Directors of United Way of Long Island

June 2nd, 2016

United Way of Long Island recently elected Virginia Umbreit, Vice President of Portfolio Administration at First Long Island Investors, to its Board of Directors. Virginia has been at FLI for over 16 years.

“I am pleased to have the honor of serving on the board of United Way of Long Island,” said Umbreit. “It is so important that all children, teens, and young adults have the opportunity to succeed and I look forward to making a true impact in the lives of young people across the Island with this inspiring organization.”

View the complete press release:

LI Pulse Magazine Profiles Ralph F. Palleschi in its June 2016 Issue

May 26th, 2016

As part of the June 2016 issue, LI Pulse magazine profiled Ralph F. Palleschi, President and Chief Operating Officer of First Long Island Investors, in its philanthropy section.  Ralph has been involved with child-focused charities for over 20 years and believes strongly in giving back.  The complete story can be found here.

Ralph F. Palleschi honored by Viscardi Center at 50th Annual Celebrity Sports Night

May 25th, 2016

On May 19, 2016, Ralph F. Palleschi, our President and Chief Operating Officer, was the lifetime honoree at the Viscardi Center’s 50th Celebrity Sports Night.  The event raised a record-breaking $4.4 million dollars and was presented by the Ralph & Lucy Palleschi Family Foundation.  Sports Night is a premier charitable event on Long Island which raises funds to enrich the lives of children and adults with disabilities.  Headlining this year’s golden anniversary was New York Giants quarterback, Eli Manning and Bryant Gumbel, Host of HBO’s “Real Sports.”  Ralph has been involved with the Viscardi Center since 1994 and is currently a director, as well as chairman of its Investment Committee.

For a recap of the event click on the link below:


Lawrence J. Waldman to Join First Long Island Investors

April 5th, 2016

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.