Tiger 21 Expands Peer-to-Peer Feedback Program

While the Portfolio Defense on investments is mandatory, the new defenses are being phased in and are elective, the statement said. They were established as a result of expressed member interest.

“Discussions on estate planning, philanthropy, the assessment of business plans and protecting members from risks have frequently been a part of Tiger 21 meetings, whether through a specific presentation by an outside speaker or through general discussion among our members,” Michael Sonnenfeldt, the group’s founder and chairman, said in the statement.

Tiger 21 said each new defense consists of a multi-page preparation document for the participating member to fill out.

• The Estate Planning document includes questions ranging from “Projection of Estate Taxes upon Death” to ”Disposition of Assets” and queries whether potential complications from business interests exist or whether the member has specific instructions for individual bequeaths.
• The Philanthropy Defense templates and process were created to help members organize and articulate their philanthropic goals and strategies in discussion with their peer group
• The Business Evaluation Defense is intended to provide members with unbiased feedback and ideas from their peers on marketing, revenue enhancement, product design and other business strategies.

In addition, Tiger 21 is currently collaborating with risk management experts at Frank Crystal & Co. to create and beta test a new Risk Management Defense, according to the statement.  The process will take the member through a 360-degree assessment of his or her personal, family and organizational risk exposure and discuss costs and benefits of available risk reduction strategies for each. 

“As with the original Portfolio Defense, the process with the new defenses can be extremely personal, but ultimately very rewarding,” Sonnenfeldt said. “Members are encouraged to be as candid as possible about all the issues—whether family-related or financial—that could impact the decisions that go into their planning.

“Early feedback indicates that the new defenses are having a profound influence on how our members approach their estate planning, philanthropic, risk management and business assessment goals.”