An exclusive club whose members must have at least $10 million in investable assets and pay $30,000 a year, TIGER 21 is a veritable beehive of skepticism about the industry that wants to get its hands on their money.
Tiger 21′s newly-appointed president Jonathan Kempner is working to build out the firm’s portfolio defense program as well as launch an asset allocation survey for its members. Kempner told PAM that he is hoping to create an environment where the wealthy can discuss investments without feeling pressured to make them.
Tiger 21, a New York-based peer networking group for high-net-worth entrepreneurs, has added 15 new members this year and is hoping to bring on another 20-25 over the next few weeks. Michael Sonnenfeldt, founder, told PAM that many HNW investors are looking for completely objective advice, as many of them have lost trust in their wealth advisors.