Tiedemann Advisors and its affiliated brands focus on investment management, wealth planning, trusts and estates and impact investing for wealthy individuals and families, as well as other entities including foundations and endowments. The firm is independently owned and operates on a fee-only basis, meaning it has no financial incentive to push affiliated products or services.
The bottom line: Tidemann Advisors is a New-York based wealth management firm that caters to high net worth investors.
|Assets under management: $18,414,999,076|
|Minimum investment: Varies depending on the fund|
|Individual investor to advisor ratio: 4:1|
|Fee structure: A percentage of AUM, fixed fees|
|Headquarters: 520 Madison Avenue
New York, NY, 10022
All information included in this profile is accurate as of August 13, 2021. For more information, please consult Tiedemann Advisors’ website.
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Tiedemann Advisors LLC, a subsidiary of Tiedemann Wealth Management Holdings LLC, is a privately owned wealth management firm that caters to the wealthy. In 2016 and 2017, respectively, the firm combined with Presidio Capital Advisors and Threshold Group, which increased its footprint as well as its expertise around impact investing and multi-generational families.
Today, Tiedemann Advisors has a staff of close to 130, around 85 of whom are investment advisors. The team includes specialists in law, trusts, accounting and taxes.
The late Carl Tiedemann spent decades on Wall Street in the research, investment banking and hedge fund businesses, and founded Tiedemann Investment Group in 1980. But he found himself unsatisfied with the services available at the time to manage his own family money.
In 1999, Tiedemann teamed up with his son, Michael, and Craig Smith, a trust and estates attorney turned wealth advisor, to launch Tiedemann Advisors. The advisory firm was originally founded as a trust company and later rebranded into a wealth management firm. The founders’ aim was to invest client money with outside independent managers, instead of peddling their own products or proprietary funds.
Carl Tiedemann died in 2016, at the age of 89.
The firm mainly works with high net worth individuals and families, which the SEC generally defines as investors with at least $750,000 in assets under management or a net worth of at least $1.5 million. It does not currently serve any individual clients who do not meet this definition.
In addition, the team provides advice to private investment funds, which are only available to Tiedemann clients. The minimum needed to invest in those funds varies, but the requirement can be waived or modified by the managers. That said, investors in the funds must generally be accredited investors, meaning they must have meet one of the following requirements:
Wealthy clients can enlist Tiedemann Advisors for comprehensive wealth management services, which includes managing their investments and planning their financial lives, including their estate, philanthropy, tax, insurance, succession and cash needs. For clients who want their money to work toward specific causes close to their heart, they can find a broad list of impact investing options.
The firm handles client investment accounts through both a discretionary relationship, meaning clients turn over the day-to-day decision making and control of their accounts to the firm, and non-discretionary management, where the client maintains control.
In addition to the above services, Tiedemann provides some family office services, including administrative tasks such as bill paying, although additional charges may apply.
Here is a full list of services offered:
As an independent firm, unaffiliated with any big banks or brokerages, the firm has flexibility around its recommended investments. It uses a “manager-of-managers” approach, meaning client money is generally placed with outside managers that the firm sources and monitors.
These unaffiliated managers include investment advisors, portfolio managers and investment funds that invest globally across all asset classes. Investments can be made directly with these outside managers, or indirectly through commingled funds managed by Tiedemann.
With managed account clients, the firm combines third-party manager exposure/investment themes with shorter-term (around 12 to 24 months) investments in asset classes or regions that the advisor believes will offer a good risk-adjusted return. In general, tactical investment choices typically consist of mutual funds or ETFs, but may also include:
Clients interested in impact investing can choose from two broad themes: environmental sustainability and socio-economic development.
Clients generally pay an advisory fee calculated as a percentage of assets under management. The fee varies based on a number of factors, including how much money the client invests, the asset classes in which they invest and the strategies being used. The maximum asset-based fee paid to the firm is 0.85%.
In addition to this advisory fee paid to Tiedemann, clients also owe fees to the third-party managers used. Clients are also responsible for custodian and brokerage fees, as well as other internal fees for underlying investments, such as mutual fund or ETF fees.
The fees are typically paid quarterly and can be deducted from client accounts.
Tiedemann discloses no disciplinary events over the last 10 years, meaning it has a clean track record.The SEC requires all registered investment advisors to disclose in their Form ADV any legal or disciplinary actions including criminal, civil or regulatory issues that may be material to a client evaluating the advisor or the integrity of its management team.
For more on the firm, you can go to its IAPD page.
Tiedemann Advisors has offices in the U.S. in the following locations:
Tiedemann Advisors targets a niche clientele: high net worth individuals, families, institutions or businesses. Wealthy investors looking for financial planning, investment management and trust and estate services grouped together in one place could consider the firm. Philanthropists particularly interested in using their investments to contribute to certain causes close to their hearts, such as diversity or the environment, should inquire about the firm’s impact investing resources. Clients worried about potential conflicts of interest with advisors may appreciate that the firm is independently owned and earns money through a transparent annual fee.
That said, clients with more modest net worths will need to look elsewhere, as will investors who want an in-person relationship with their advisor but do not live near one of Tiedemann Advisors’ nine offices. Before you make your decision, be sure to research multiple firms to ensure you find the right advisor for you.
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