The IPI and Loedstar allow each other's members to attend exclusive events. The Institute for Private Investors (IPI), a New York-based education and networking resource for ultra-high-net-worth families, and Loedstar, a Geneva-based training-program provider to family offices, have initiated a program to foster the exchange of ideas between wealthy families with similar or complementary education goals.

Safe harbor norms

The idea came to IPI founder and CEO Charlotte Beyer while attending Loedstar's Family Business Forum in Dubai last month. "I was struck by how the peer-to-peer exchange among the families attending was exactly what families so enjoy at IPI forums in the U.S.," she says.

The IPI will permit three regular attendees of Loedstar's private-member forums to attend IPI programs and Loedstar will do they same for IPI private members. "These guests will be warmly welcomed into the programs wherever they may be, and the 'safe harbor' norms will apply as always in the respective gatherings," according to an IPI press release.

"Loedstar President Ian Partridge and I felt that certain families might like an opportunity to sample a program in another part of the world -- if they could be assured their privacy would be respected and protected," says Beyer. "Because Loedstar and IPI embrace a similar philosophy, and just as private clubs often have reciprocal clubs around the world, we launched this exchange program to encourage a dynamic exchange of ideas among global families."

The IPI's "safe harbor" provision stipulates that members not solicit other members for investments or services. By the same token, the IPI doesn't publish or distribute private-member information. Similarly members are enjoined to respect the privacy of other private members and to treat communications made at IPI forums as confidential. -FWR

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