PRIVATE NETWORK FOR ULTRA-WEALTHY INVESTORS OPENS ITS DOORS IN BOSTON
by Eliane Chavagnon
TIGER 21, the peer network for ultra high net worth investors, has launched a new group in Boston, MA, in a move bringing the number of North American cities with a TIGER 21 presence to 18.
Led by James Cornell, managing partner of the Boston-based private investment advisor and asset manager Fiduciary Wealth Partners, the group will focus on adding new members from across New England.
Cornell noted that the Greater Boston area in particular has its share of very successful wealth creators across an array of industries. According to the US Wealth Report 2014 – compiled by RBC Wealth Management and Capgemini – Boston experienced the third-fastest high net worth individual population growth after Dallas and Houston last year, as the state also benefited from robust growth in personal income.
Cornell is also co-founder of Into the Fog, a private peer investment group of 20 large family offices in New England. Additionally, he has previously served as managing director at The Bollard Group, a US multi-family office, and spent over ten years at Fidelity Investments as president of Fidelity Private Wealth Management, Portfolio Advisory Services, Fidelity Personal Trust Company and Fidelity Estate Planning Groups.
TIGER 21 was established in New York in 1999 to provide a secure, private environment for wealthy investors to share their investment knowledge and explore the challenging issues of wealth preservation, estate planning and family dynamics.
The organization now has over 300 members collectively investing over $30 billion in total assets. As well as several groups in New York, in the US TIGER 21 is also based in: Atlanta, GA, Austin, TX, Chicago, IL, Dallas (2), TX, Los Angeles, CA, Miami (2), FL, Palm Beach, FL, San Diego, CA, San Francisco, CA, Seattle, WA, Tysons Corner, VA, Washington, DC, and, now, Boston. In Canada, it has a presence in Toronto, Montreal, Calgary and Vancouver.
In other recent news, Laird Cagan recently replaced Julie Garella as chair of the San Francisco group.
