TIGER 21

TIGER 21
Private
Founded New York City, United States (1999 (1999))
Founders Michael W. Sonnenfeldt
Headquarters New York City
Number of locations
 25
Area served
 United States and Canada
Number of employees
 43


TIGER 21 (The Investment Group for Enhanced Results in the 21st Century) is a peer-to-peer learning network for high-net-worth investors founded in 1999 by Michael W. Sonnenfeldt.[1][2] The company consists of 16 full-time employees and 27 regional chairs who support the company's 400+ members in 25 cities in the United States and Canada. These members, who collectively manage approximately $40 billion in investable assets, pay annual membership dues of $30,000.

History

Michael Sonnenfeldt founded the organization in 1999 after selling his second business.[3] He and the fellow members of a CEO learning group he was involved in formed the core of the first group. The purpose was discussing ideas and concerns in an open, confidential and mutually supportive setting in order to create significant tangible value in their portfolios, and also provide a confidential forum in which to discuss family, social, and philanthropic issues that were affected by their wealth.[4] They called it The Investment Group for Enhanced Results in the 21st Century, from which the name TIGER 21 is derived.[5]

Members

Members come from all sectors of industry: entrepreneurs, CEOs, inventors, and top executives with backgrounds in financial services, real estate, industrial and consumer goods, legal services, entertainment, and medicine.[6] Some have exited their careers, while others continue to be immersed in their existing jobs and businesses.

Services

The group's experience centers on improving members' investment acumen through critique and coaching, as well as exploring common issues of wealth preservation, estate planning and family dynamics.[7] [8] The core of the activities is confidential group meetings managed by professional facilitators.[9]

A distinguishing feature of the meetings is the Portfolio Defense segment.[10] Approximately once a year, each member is required to present their personal investment portfolio for analysis in the context of their stated philosophy, investment criteria and goals. The focus of these sessions is to harness the collective intelligence of the group by identifying potential problems or opportunities [11]

Events

In addition to monthly group meetings, TIGER 21 hosts several speakers throughout the year at headliner events and an annual conference for members. [12]

Resources

The organization has a private website with past presentations and headliner audio files in addition to forums on topics ranging from private placement deal flow to strategic philanthropy to requests for assistance with personal matters. Members also have access to purchasing advisors in collectibles, family services, financial services, technology, transportation, travel and entertainment.

References

  1. ↑ Fidelman, Mark. "Tiger 21: Meet the Wealthiest, Most Powerful Social Networking Group In The World". Forbes. Retrieved 24 June 2014.
  2. ↑ Gutner, Toddi. website=BloombergBusinessweek "A Capital Crowd" Check |url= value (help). Retrieved 24 July 2014.
  3. ↑ Morais, Richard C. "TIGER 21: Tough Love For the Very Rich". Barron's. Retrieved 24 June 2014.
  4. ↑ Milburn, Robert. "The Philanthropic Defense". Barron's. Retrieved 18 July 2014.
  5. ↑ Chevreau, Jonathan. Post "Networking group for super rich coming to Canada" Check |url= value (help). Retrieved 23 July 2014.
  6. ↑ Cefalu, Christiana. "The Allure of Private Equity". Barron's. Retrieved 18 July 2014.
  7. ↑ Hawthorne, Fran. New York Times "A Club to Discuss Discreetly the Issues of Wealth" Check |url= value (help). Retrieved 23 July 2014.
  8. ↑ Senior, Jennifer (April 13, 2008). "Millionaires make their children earn their inheritances". The Sunday Times.
  9. ↑ "The few". The Economist. Retrieved 18 July 2014.
  10. ↑ Rivlin, Gary. "Where Everyone Knows Your Portfolio". The New York Times. Retrieved 24 June 2014.
  11. ↑ Sullivan, Paul. "Financial Advice Gleaned From a Day in the Hot Seat". The New York Times. Retrieved 18 July 2014.
  12. ↑ Laverty, Kathleen. "Multi-Millionaires Question Advisors’ Value". FUNDfire. Retrieved 18 July 2014.
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