Tiger 21 has expanded its core curriculum for high-net-worth members, building on its highly successful peer review and assessment Portfolio Defense model.
Last week, the organization introduced new defenses for estate planning, philanthropy, business evaluation and risk management, based on the same principles that informed the original investment Portfolio Defense—that candid feedback from peers can provide insights and understanding they rarely, if ever, receive from paid advisors.
Tiger 21 comprises some 200 investors across North America who pay a hefty $30,000 in annual dues. The group’s members have investable assets totaling more than $18 billion.
In a statement, the group said its Portfolio Defense had become a major part of the membership experience, prompting it to register “Portfolio Defense” as a trademark in 2009.
During the Portfolio Defense session, one member presents his or her personal balance sheet, income statement and financial goals in context with larger life events for review and analysis by the group’s members. The group gives advice based on their knowledge of the presenting member’s likes and propensities, which is built through regular contact and discussion of issues with one another.