The New York-headquartered organization, which first formed a Miami-based group in 2007, said it is also planning to establish a group in Palm Beach by the end of the year.

The Miami initiative has been led since 2011 by Charles Garcia, who, besides his role as chair, is also chief executive of Garcia Trujillo, a consulting, merchant banking and venture capital firm focused on the global Hispanic market.

“We have attracted a diverse membership in Miami that includes successful entrepreneurs and business-owners, senior executives, Wall Street professionals and money managers,” said Garcia.

Florida has attracted much attention from a host of wealth managers during the past year or so. Indeed, according to a 2012 study by WealthInsight, which looked at ultra high net worth state populations, Florida came out fourth with an UHNW population of 2,597, highlighting the prospects in the region. Ahead of Florida was Texas , New York and, in first place, California .

Members of the TIGER 21 network share their knowledge and experiences with issues relating to finance, investments, managers and advisors by attending monthly meetings, annual conferences and exchanging information via an exclusive website.

In June last year the firm added estate planning, philanthropy, business evaluation and risk management to its curriculum. Family and health are also big themes, it said.

TIGER 21, an acronym for The Investment Group for Enhanced Results in the 21st Century, now has 220 members, which collectively manage over $20 billion in total assets.

The organization has a presence in New York, Los Angeles, CA, San Francisco, CA, San Diego, CA, Miami, FL, Washington, DC, and Dallas, TX, as well as Canadian groups in Vancouver, Toronto, Calgary and Montreal. The annual investment in a membership is $30,000, according to its website.