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Coffee Talk
Business Observer Friday, Dec. 7, 2018 10 months ago

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Tiger 21 starts fourth group in Florida for high-wealth members.

In a city filled with exclusive clubs, there’s a new one in Naples that may be the most private of all.

The new hotspot? Tiger 21, an international organization of more than 650 members with assets in excess of $65 billion. 

The new Naples chapter was founded and is chaired by Michael Crawford, who moved to town nearly three years ago and also chairs a chapter in New York. Each chapter caps its membership at 15 high-net worth members and is a peer membership organization for wealth creators and wealth preservers that helps them navigate challenges and opportunities success creates. 

The Naples chapter is the fourth in Florida, joining Tampa, Miami and West Palm Beach. Chapter members of intentionally diverse backgrounds meet monthly to learn, share ideas and provide guidance in their areas of expertise. Membership is by invitation only. The new Naples chapter, so far, is about half filled.

“We discuss all wealth-related issues and opportunities in complete confidentiality,” Crawford tells Coffee Talk. “Members become like an outside personal board of advisors. Nobody is promoting anything, nobody is selling anything, but that doesn’t mean members don’t sometimes work together because they get to know each other very well.”

Prior to his involvement in Tiger 21, Crawford was founder and CEO of Titan Technology Group, the largest reseller of SAP software in North America. He founded that company in 1997.

“As members have sold their companies or are in the process of liquidating or monetizing their investments, there are typically some new priorities in how to take care of themselves and their families, and Tiger 21 helps provide that guidance," Crawford adds. 

Because many prospective Naples members also spend half of the year elsewhere, the new chapter allows memberships to be split among two groups. That’s important, Crawford says, not only for the continuum of knowledge and information, but also to stay abreast of varying conditions experienced by members from other parts of the country. Members are encouraged to attend meetings of other groups.

“I can’t stress this enough that it’s confidential,” says Crawford. “Members get very comfortable about discussing thorny issues such as family or partner or investment manager problems. Where else can you talk about those things?”

 

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