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"[People] don’t expect retirement to begin with social security and sit on the back deck in a lounge chair for the rest of their lives. This group really wants to remain active."

Jeff Cimini, head of personal retirement at Merrill Lynch

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TIGER 21, the peer-to-peer learning network for high net worth investors, has opened a group in Washington DC and said it is planning to open a second one very soon.

TIGER 21, an acronym for The Investment Group for Enhanced Results in the 21st Century, currently has 180 members with a combined $15 billion in investable assets. Members include entrepreneurs, investors and key executives all of whom are part of a community that meets monthly to exchange ideas on estate planning, wealth preservation and other investment concerns. Since its founding in 1999, it has grown to have groups in New York, Los Angeles, San Francisco, San Diego, Miami and Dallas, as well as in Vancouver, Toronto, Montreal and Calgary. 

"This give and take is reinforced because members know they are getting honest and credible advice on wealth preservation from their peers in a confidential environment that is free from promotion," said Jonathan Kempner, the president of TIGER 21 and a member of the first Washington DC group. 

The first Washington group is composed of various professionals from the manufacturing, telecom, Internet, real estate, investment and science industries, the company said in a statement. Leading the groups is Cal Simmons, who founded and manages The E-Media Club, The Dinner Club and the Washington Dinner Club venture funds with some $40 million in investments across a portfolio of 20 high-tech firms. 

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