In addition to using services provided by banks and global institutions, ultra-high net-worth inves-tors can now turn to their peers for advice on wealth-related issues.

TIGER 21, a peer-to-peer learning group for UHNW investors that was founded in 1999 in the U.S., arrived in the Canadian marketplace this past summer and is in the process of starting groups in Vancouver, Calgary, Toronto and Montreal.

The P2P learning groups — with up to 14 people in each — meet to discuss investment ideas and share personal experiences on a range of wealth-related issues.

To qualify for the group, prospective members must have a minumum of $10 million in liquid investment assets aside from business interests and personal real estate and pay membership fees of US$30,000 annually.

The Canadian division of TIGER 21 will have a maximum of 56 members to start with, and Canadian membership will be capped at 112 members.

Thane Stenner, founder of Vancouver-based Stenner Investment Partners and director of wealth management with Toronto-based Richardson GMP Ltd., will serve as TIGER 21’s managing director for Canada.

— CLARE O’HARA