Vancouver’s ultra-rich will soon have a peer networking group to help them learn how to manage challenges such as philanthropy, estate planning, asset allocation and wealth preservation.
Thane Stenner, who is Tiger 21’s managing director for Canada, told Business in Vancouver that a Vancouver chapter of his New York-based organization will launch in April. So will a Toronto chapter.
By June, Vancouver-based Stenner expects Tiger 21 to also have chapters in Calgary and Montreal.
Stenner named Nancy MacKay as the chair of the Vancouver chapter in mid-December.
“The response has been phenomenal,” Stenner told BIV on December 23. “I would say that half my business days are now in meetings with potential candidates and chairs for each of the cities across Canada.”
Stenner spends the rest of his time as director of wealth management at Stenner Investment Partners, which is part of Richardson GMP Ltd.
MacKay was named one of the 100 most powerful women in Canada in 2008 by the Women’s Executive Network. She is a business coach and principal of MacKay and Associates.
Membership in Tiger 21 is highly selective, Stenner said. Original members of the American organization needed at least $10 million in investable assets. There is no longer an official minimum but members should be wealthy enough not to be concerned with the US$30,000 annual fee.
“It’s different from the Young Presidents’ Organization, the World Presidents’ Organization or The Executive Committee. Those organizations are excellent but they tend to focus more on business maximization,” Stenner said. “Tiger 21 touches on business maximization, but it’s mostly about personal wealth stewardship and, in essense, being a good CEO of your investment capital.”