FIRST LONG ISLAND INVESTORS

By Edward Palleschi, Executive Managing Director

First Long Island Investors, LLC, founded in 1983, is an independent, employeecontrolled full-service wealth management company, which focuses on achieving client investment goals to develop individualized investment plans.

Most people are not taking travel for granted anymore due to the impact of the pandemic. Numerous clients at First Long Island Investors, consisting of high-net-worth individuals and families are seeking out and going on vacations that provide unique, immersive experiences such as educational travel, expedition tours, adventure travel, and personalized trips. Our clients love to travel, desire to experience life, and want to be financially responsible as well. Our team of professionals assists clients to ensure travel expenses are appropriately budgeted as it relates to their financial plan and long-term investment goals. Working alongside our clients, we develop financial plans and strategies to meet liquidity needs, plan for taxes and estates, implement legacy and philanthropic initiatives, and consider broader life goals. Each client has unique challenges and objectives, which is why we strive to understand these goals so we can help our clients accomplish them, make their lives easier, and provide financial peace of mind.

Those clients whose travel dreams have become a reality are comforted knowing they have the financial flexibility to pursue a deeper, more enriching life. Establishing a level of trust with our clients is the key to making this possible. We’ve earned that trust in a unique way, by investing our own assets alongside theirs, thus when we say we understand our client's objectives, it is because we share them ourselves. My colleagues and I at First Long Island Investors have had a fondness for travel-related experiences. We have also shared our personal satisfaction with contributing to a client’s dream destination vacation becoming a reality.

Personally, I’ve been fortunate to have completed my goal of visiting all seven continents. I’m thankful for experiences that have spanned the globe, ranging from enjoying a Yankee game in the Bronx with the family, on safari in South Africa, scuba diving the Great Barrier Reef in Australia, visiting the Colosseum in Rome, witnessing the Great Wall in China, observing the beauty of Iguazu Falls in Argentina to hanging out with penguins in Antarctica. Experiencing the different continents has enabled me to better understand and appreciate the diverse cultures in the world around me. The best part of this goal is the journey along the way as traveling opens up your world, transforming and enabling you to grow personally and professionally. I believe traveling allows you to develop empathy and understanding, travel experiences are valuable in connecting with a wide variety of friends, family, colleagues, and clients.

An empathetic, holistic approach to wealth management does indeed resonate and establish a personal connection with our clients. Our clients can experience the freedom of travel even in uncertain times knowing and believing in our long-term approach to investing and wealth management, with the goal of preserving, managing, and growing their net worth. With the proper financial planning in place, clients can better understand their ability to maintain a certain lifestyle under a wide range of market conditions. Foremost on investors’ minds are rising interest rates, inflation, a possible recession, and the pandemic that continue to impact global economies. We believe that uncertainty, whether it be economic, political, or company-specific, causes investors to shorten their time horizons and ignore the longterm fundamentals of quality companies. When company-specific fundamentals are appreciated in the market again, our portfolio companies should perform well. A prudent asset allocation and a buffer of cash is our prescription for weathering the complexity of the current investment environment. Over the long term, earnings growth and increasing dividends have led to an appreciation in assets that’s benefitted our clients for many years. We expect that this will continue to enable our clients to achieve both their investment and personal goals. website: www.fliinvestors.com