A New Era for Family Offices | TIGER 21 Founder Profile in Crain Currency 

Author

Debra Xu

Published On

November 4, 2024

Published In

Press Article, News

Celebrating 25 years, TIGER 21 has grown from a single peer group of six entrepreneurs in New York City to a thriving, global network of over 1,500+ ultra-high-net-worth Members. In a recent Q&A featured in Crain Currency, TIGER 21 Founder and Chairman Michael Sonnenfeldt reflects on this milestone, sharing insights into the organization’s evolution, its pioneering family office strategies, and the ways TIGER 21 has expanded to meet the unique needs of wealth creators.  

Key topics Michael discussed include: 

  • The Evolution of Family Office Groups: Why TIGER 21 launched Family Office Groups and the specific needs they address. 
  • What Makes TIGER 21’s Family Office Offering Unique: The no-solicitation, principals-only environment that sets these Groups apart. 
  • Family Office Focus Areas: Insights into core topics such as estate planning, family leadership, and multi-generational legacy building 
  • New Global Group Model: How virtual, flexible meeting options now bring together Members with shared interests globally. 

The Evolution of Family Office Groups 

Our Family Office Groups were launched to bring together Members who manage large, multi-generational assets and face distinct challenges—often far different from those of traditional investors. With family office operations becoming more complex, it became clear that Members could benefit from dedicated spaces to discuss these nuanced issues. Our Family Office Groups are for those running single-family offices, giving principals the chance to dive deeply with peers who truly understand their world. 

A Unique, No-Solicitation Space for Principals 

At TIGER 21, we take pride in offering a no-solicitation environment. Here, discussions remain strictly peer-driven and free from vendor influence, fostering candid conversations in a trusted setting. Another key aspect? These Groups are for principals only—so the insights are exchanged between those leading family offices directly. It’s the only place where Members can connect solely with other principals to navigate the specific challenges and opportunities that come with running a single family office. 

Read more about the Family Office Group Experience here. 

Core Family Office Focus Areas 

The themes we explore in Family Office Groups go beyond traditional finance, aiming to support sustainable, multi-generational legacies. Here are some of the main areas our Family Office Members focus on: 

  • Estate Planning and Legal Structures: How to transfer wealth securely and efficiently across generations. 
  • Family Governance and Decision-Making: Developing frameworks that help families align around long-term goals and unified decision-making. 
  • Philanthropy and Social Impact: Creating strategies that reflect family values and leave a meaningful legacy. 
  • Health and Well-being: Addressing the well-being of family members to maintain a balanced and healthy family dynamic. 

New Global Group Model 

Our expanding Member base inspired us to launch Global Groups that can meet virtually, offering flexibility for Members who live or travel abroad. Global Groups meet regularly, via Zoom and a few times annually in person, allowing Members who are not physically near a TIGER 21 Group location to connect meaningfully with the TIGER 21 community from anywhere. By gathering at select destinations and exclusive Member-only events—including our annual Member conference, Global Exchange—these Groups build lasting connections that help Members gain a truly global perspective. 

By focusing on these areas, TIGER 21 Family Office Members are building legacies that reflect their values and prepare future generations to steward family wealth responsibly. 

Read the full article (behind a paywall). 

About TIGER 21

TIGER 21 is an exclusive global community of ultra-high-net-worth entrepreneurs, investors, and executives.

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