GLOBAL INVESTING GROUP LAUNCHES IN SCOTTSDALE TO CAPITALIZE ON CITY’S WEALTH
An elite learning group for high net worth wealth creators has opened its 52nd group in Scottsdale and is seeking successful entrepreneurs, inventors, CEOs and executives to join.
TIGER 21 (The Investment Group for Enhanced Results in the 21st Century)is a network of more than 500 members across the country and in London who collectively manage more than $51 billion in assets.
The minimum net worth requirement of each member is $10 million in investable assets.
The former CEO and co-founder of American Residential Properties Inc.,Steve Schmitz, who sold his company last year for $1.5 billion toAmerican Homes 4 Rent, is the local chair and organizer.
“Our focus is helping our members become better wealth managers through wealth preservation, investing and estate planning,” said Schmitz, who is now the CEO of America’s Specialty Finance Co., a private boutique lender for real estate entrepreneurs. “Because of the nature of our members, each group will be between 10 to 15 people.”
With $30,000 fees in annual membership, members confidentially share market insights and discuss how others are allocating assets in response to market conditions. They are promised “trusted relationships” with others who have dealt with similar issues.
Members discuss wealth preservation by reducing portfolio risk and sharing strategies and access to favorable investments. They also discuss estate planning and philanthropy opportunities.
“Our common theme is achievement oriented. We want people who have achieved a lot of great things,” said Schmitz, who has lived in Scottsdale for almost 30 years. “We also look for people who can contribute to a group and want to learn things. Our members are lifelong learners.”
TIGER 21 CEOBarbara Goodsteinsaid the Phoenix metro area was chosen because of it’s “vibrant economy.”
“The Phoenix Valley has a vibrant economy that is fostered by robust public-private partnerships, and as such we have seen increasing demand for our peer learning model,” Goodstein said. “Steve’s own experiences as an accomplished investor and entrepreneur undoubtedly equip him to lead this group, stimulating thoughtful conversation that helps local leaders to not only further their economic prowess, but lead more fulfilling lives.”