TIGER 21 FORMS HOLDING COMPANY FOR HNW CLIENTS

ByAlex Padalka

TIGER21, a networking association for high-net-worth investors with, collectively, around $30 billion in investable assets, says it has named a new leader and launched a holding company.

Marketing executiveBarbara Goodstein, formerly ofVonage HoldingsandAXA Equitable, will serve as CEO of TIGER21 Holdings. The new holding company includes TIGER21, the peer-to-peer high-net-worth group founded in New York 16 years ago, andMagnolia Purchasing Advisors, a company TIGER21 founded in 2012 to provide members and non-members with concierge services such as help with aviation charters and with the purchase of big-ticket collectibles.

Goodstein will work with TIGER21 founder and chairmanMichael Sonnenfeldtto oversee the holding company’s operations, according to a companypress release. She will also work with TIGER21 presidentJonathan Kempnerand Magnolia presidentClay Speakmanto expand the holding company’s service offering and explore opportunities to make acquisitions.

TIGER21 was launched in New York by entrepreneurs who wanted to share knowledge and resources related to wealth management and estate planning. The company now has over 325 members in 18 North American cities.

http://financialadvisoriq.com/c/1122293/119833