Tiedemann Advisors is a financial advisor firm based in New York City. It is on our list of New York City's top financial advisors. It also has locations in Texas, California, Florida, Washington, Colorado, Delaware and Maryland. The firm has billions in assets under management and a huge team of financial advisors on staff. The firm was recently recognized as a top registered investment advisor by the Financial Times.
Among the firm's advisors are certified financial planners (CFPs), chartered financial analysts (CFAs), certified public accountants (CPAs), chartered alternative investment analysts (CAIAs) and certified investment management analysts (CIMAs).
Tiedemann Advisors Background
While Tiedemann Advisors, LLC began doing business in 2008, the LLC of which it is a subsidiary - the wealth advisory firm Tiedemann Wealth Management Holdings, LLC - was founded in 1999. The firm is headquartered in New York City. The firm was founded by the late Carl Tiedemann (who had previously had decades of experience and leadership expertise on Wall Street), his son Michael Tiedemann (who continues as CEO) and Craig Smith (who continues as president).
Over recent years, Tiedemann Advisors has earned a number of accolades, including:
- Recognized by the Financial Times as a leading independent advisory firm (fourth consecutive year, and sixth year overall on the the FT300 list)
- Named best outsourced CIO and best multi-family office (MFO) (with more than $15 billion in AUM) by Family Wealth Report Awards
- Named best estate planning advisory by Private Asset Management (PAM)
- Recognized by Barron’s as a top 20 independent advisory firm (2018)
Tiedemann Advisors Client Types and Minimum Account Sizes
Tiedemann Advisors primarily offers financial advisory services to high-net-worth individuals and families. The SEC defines high-net-worth investors as individuals who have at least $1 million in investable assets. Additionally, Tiedemann works with trusts, foundations, endowments, charitable organizations and other business or family-related entities.
There is no hard-and-fast minimum account size requirement at Tiedemann Advisors. Each individual fund that investors choose to invest in may have a minimum investment requirement.
Services Offered by Tiedemann Advisors
Services available at Tiedemann Advisors for individual investors include:
- Financial planning
- Financial education
- Investment management
- Impact investing
- Trust planning
- Estate planning
- Tiedemann Advisors Investment Philosophy
Tiedemann Advisors provides both discretionary and non-discretionary investment advisory services, investment consulting and other services. The firm customizes services and portfolios based on a thorough understanding of each client's particular situation (including risk tolerance and liquidity) and objectives. The firm also selects investment advisors to offer guidance to private investment fund commingled vehicles, or pooled investment funds
Tiedemann Advisors employs a “manager-of-managers” approach to financial advising, finding and selecting the third-party investment advisors, portfolio managers and investment funds with which to invest their clients’ money. Advisors at Tiedemann look for managers who invest in diverse asset classes and who invest globally.
The firm still looks to manage risk and continually monitor the managers with whom they invest. It considers performance, personnel turnover and any strategy deviation when selecting managers. The firm typically invests its clients’ assets in mutual funds and exchange-traded funds, though other options, like individual equities and real estate, may be used.
Fees Under Tiedemann Advisors
Tiedemann Advisors’ fees vary based on the type of account, the asset classes under management and each client’s total assets under management. Fees are generally based on a percentage of assets under management, though the advisor can choose to charge a flat or minimum fee.
The top rate for Tiedemann’s advisory fee tends to be 0.85%. Though Tiedemann does not earn any commissions, clients may also be responsible for management fees or other charges from mutual funds or other investment vehicles in which they choose to invest their money.
The chart below compares fees at Tiedemann with the national median. Tiedemann’s fee estimates are based on the maximum rate of 0.85%.
|Estimated Fee Comparison*|
|Your Assets||Tiedemann Advisors|
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.|
Learn more about advisors' typical costs here.
What to Watch Out For
There are no legal or regulatory disclosures present on Tiedemann Advisors' latest SEC-filed Form ADV.
Tiedemann Advisors specializes in serving high-net-worth investors and families. If you are an investor who is just starting out or who is still building wealth, it likely won’t be the right option for you.
Also of note is that the firm mostly uses third-party investment management options, considering itself a “manager of managers” that picks active managers to invest their clients’ money. Tiedemann may not meet your needs if you are looking for a manager who actively manages your portfolio themselves. Clients should also note that the firm primarily invests clients’ asset in funds, which may incur additional costs.
Opening an Account With Tiedemann Advisors
To open an account with Tiedemann Advisors, a potential client can call or visit one of the firm’s eight offices. Another option is to fill out a form on the company’s website. The form asks for your contact information, details on why you are getting in touch and a brief comment.
All information is accurate as of the writing of this article.
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