The Institute for Private Investors (IPI) is a private membership organization that provides peer-to-peer networking and investor education for its members. The group is open to high-net-worth individuals, or families with minimum investable assets of US $30 million or more. [1]
The organization was founded in 1991[ citation needed ] by Charlotte B. Beyer [2] [3] of Charlotte Beyer Associates, Inc., and incorporated in 1997. [4] Its mission is to improve the way investors work with advisors. The association sells no investment products or consulting services, deriving its revenue solely from membership dues and educational fees.[ citation needed ]
In 1999, IPI collaborated with the Wharton School of the University of Pennsylvania to create a five-day residential program, [5] with Beyer among the faculty. [6]
IPI offers access to Memberlink, a private online social networking platform to discuss investment ideas and other issues facing wealthy families. [7] [8]
For wealth-holders under 50, the organization offers a NextGen Membership that combines online resources with special events and educational programs to help next generation principals connect with peers. [9]
In addition to individual private investors and families, professional service firms, such as registered investment advisors and wealth managers, can also join IPI as members, though they do not gain access to the investors' conversations and are not allowed to directly pitch or sell to members. [10]
In 2011, IPI was acquired by London-based Campden Media. [7]
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises.
The Canadian Securities Institute is a Canadian organization that offers licensing courses, advanced certifications, continuing education and custom training for financial services professionals in Canada and internationally.
TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American investment company. The private equity firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care.
Providence Equity Partners L.L.C. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989.
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois and was founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.
High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible wealth exceeds a given amount. Typically, these individuals are defined as holding financial assets with a value greater than US$1 million.
AllianceBernstein Holding L.P.(AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors.
Ameriprise Financial, Inc. is a diversified financial services company and bank holding company incorporated in Delaware and headquartered in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning.
Wealth management (WM) or wealth management advisory (WMA) provides services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families. It is a discipline which incorporates structuring and planning wealth to assist in growing, preserving, and protecting wealth, whilst passing it onto the family in a tax-efficient manner and in accordance with their wishes. Wealth management brings together tax planning, wealth protection, estate planning, succession planning, and family governance.
A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with $50-$100 million in investable assets, with the goal being to effectively grow and transfer wealth across generations. The company's financial capital is the family's own wealth. Family offices also may handle tasks such as managing household staff, making travel arrangements, property management, day-to-day accounting and payroll activities, management of legal affairs, family management services, family governance, financial and investor education, coordination of philanthropy and private foundations, and succession planning. A family office can cost over $1 million a year to operate, so the family's net worth usually exceeds $50-$100 million in investable assets. Some family offices accept investments from people who are not members of the owning family. It came to light during the 2021 implosion of Archegos Capital Management that family offices were reportedly "more loosely regulated than other investment vehicles, with fewer disclosure requirements." In response to these concerns, US Representative Alexandria Ocasio-Cortez introduced The Family Office Regulation Act of 2021, H.R. 4620, which would limit the use of the family office exemption from registration as an investment advisor with the SEC to offices with $750 million or less in assets under management. The bill would also prevent persons who are barred or subject to final orders for conduct constituting fraud, manipulation or deceit from being associated with a family office. This view, however, is not shared by a number of regulators and commentators, including Commissioner Hester Peirce of the Securities and Exchange Commission (SEC) and Commissioner Brian Quintenz of the Commodity Futures Trading Commission (CFTC), who published an op-ed arguing that family offices do not need new regulations.
A multi-family office (MFO) is an independent organization that supports multiple families to manage their entire wealth. Multi-family offices typically provide a variety of services including tax and estate planning, risk management, objective financial counsel, trusteeship, lifestyle management, coordination of professionals, investment advice, and philanthropic foundation management. Some multi-family offices are also known to offer personal services such as managing household staff and making travel arrangements. Because the customized services offered by a multi-family office can be costly, clients of a multi-family office typically have a net worth in excess of $50 million.
DundeeWealth Inc. was a Canadian financial services company, formerly a public company and subsidiary of Dundee Corporation.
Dominick and Dickerman is an investment and merchant banking firm, located in New York City. From 1899 through to 2015, the firm was known as Dominick and Dominick. Following the sale of the wealth management business, the firm reverted to its original name, Dominick and Dickerman.
Addepar, Inc. is an American wealth management platform for registered investment advisors specializing in data aggregation, analytics, and portfolio reporting.
The Investments and Wealth Institute (IWI), previously known as Investment Management Consultants Association (IMCA), was founded in 1985 in Colorado to provide investment consulting and wealth management credentials and educational offerings for its members. IMCA is both a certification organization and a membership association.
Grant Easterbrook is an entrepreneur. He has been cited on the topic of fintech in the media over 150 times, including in The Wall Street Journal, Reuters, The New York Times, Forbes, Investment News, Financial Times, San Francisco Chronicle, ThinkAdvisor VentureBeat, Fortune, Financial Planning, MarketWatch, Financial Advisor, Crain's New York Business, Huffington Post, MSN Money, PBS, Al Jazeera America, Main Street, U.S. News & World Report, Wealth Management and The Fiscal Times.
Sandaire Investment Office is an investment office that delivers tailored investment portfolios and solutions for wealthy families and foundations. The firm serves 45 families and manages in excess of £3bn in assets.
Cetera Financial Group is a shared service organization serving affiliates that comprise the second-largest family of independent broker-dealers in the United States. The company has nearly 8,000 financial advisors, is a leading provider of retail financial services to investment programs of banks and credit unions, and has over $224.5 billion in advisory and brokerage assets under advisement, generating approximately $1.6 billion in annual revenue for the 2016 fiscal year. “Cetera Financial Group” refers to the network of independent retail firms encompassing, among others, Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services, Cetera Financial Specialists, First Allied Securities, and Summit Brokerage Services. All firms are members FINRA/SIPC.
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