Tiger 21, BP Style....

[Kenneth E.]

Hey guys, have you ever heard of Tiger 21 (www.tiger21.com)? Here are two short articles about them if you haven’t heard of them before.

The Investment Group for Enhanced Results in the 21st Century, or TIGER 21 for short. The organization runs professionally facilitated monthly meetings for 10 to 14 peers, where each member has a chance to present to the group their portfolio strategy and allocation decisions, alongside a careful articulation of their investment criteria and long term objectives – what their risk tolerance is, for example, or whether their goal is to spend it all down before they die, or create a family legacy to last generations. The other members in the group then pick apart the portfolio, looking for disconnects between stated goals and what is actually happening in the portfolio. Members coming into TIGER 21 first have to submit to a rigorous vetting and due diligence process to show they have more than $10 million in liquid assets to invest, before signing nondisclosure agreements and paying $30,000 in annual dues.
http://blogs.barrons.com/penta/2012/05/04/tiger-21-tough-love-for-the-very-rich

TIGER 21 is a peer-to-peer learning group for high net worth individuals. TIGER 21 provides members the opportunity to build a skill set to transition from focused entrepreneurs to disciplined managers of wealth. Members participate in professionally facilitated, 10-12 person monthly meetings to harness the varied expertise and collective intelligence of their peers.[1]
TIGER 21 members come from a variety of professional and personal backgrounds. In a confidential atmosphere, members learn about investments and engage in a wide range of discussions. TIGER 21’s Presenter Program introduces members to investors, money managers and Wall Street chieftains, as well as authors and experts from beyond the world of finance.[2] Collectively, TIGER 21’s 190 members currently manage approximately $18 billion in assets.[3].
In an atmosphere of complete confidentiality, members learn about investments and engage in candid discussions about a wide range of issues relevant to high-net-worth individuals. They enhance their expertise via active collaboration with peers, participate in portfolio defense sessions, challenge themselves to better investment decisions, and along the way build business and personal relationships in a community of like-minded individuals.[4]
Founded in 1999 by Michael Sonnenfeldt, TIGER 21 is headquartered in New York City and has chapters in San Francisco, Los Angeles, San Diego, Miami, Dallas, Washington, DC, Vancouver, Toronto, Calgary and Montreal. http://en.wikipedia.org/wiki/TIGER_21

BP Should create its own group like this. Members must have at least X properties under their name to be a member…..they must have monthly conference calls through skype….whatever. Discussions could range from portfolio health, goals and strategies, to proper insurance coverage and estate planning, etc. Just a thought. :)