Tiedemann Wealth Management is sad to announce the passing of its Founder, Carl H. Tiedemann II, who died peacefully on April 30th at the age of 89.
Mr. Tiedemann was a highly respected Wall Street executive who helped shape the investment industry for decades. As one of the first to join a relatively new firm, Donaldson, Lufkin and Jenrette (DLJ) in 1962, Mr. Tiedemann quickly rose through the ranks to become President in 1975. During his tenure, he was instrumental in taking DLJ public as the first Wall Street research brokerage firm to do so.
He left DLJ in 1980 to start the Tiedemann Investment Group (TIG), with the purpose of investing in businesses he believed needed to fill the evolving needs of the financial services industry at the time. In operation for 36 years, TIG remains as one of the longest standing hedge fund businesses in the industry.
In 1999, Mr. Tiedemann founded Tiedemann Trust Company – now Tiedemann Wealth Management – out of his sense of frustration that families were being poorly served by institutions wrought with conflicts and inflexibility. He pioneered the concept of open architecture, investing with the best and the brightest without conflict or financial arrangement, long before it became the norm.
Throughout the years, Mr. Tiedemann utilized his global network of contacts to source investment talent and provide the financial backing and infrastructure to assist them with building their businesses. He was a mentor to many, working with them to channel their entrepreneurial energy, and instilling in them his cultural values of working hard as one team, staying positive, and treating people with respect and kindness.
Influenced by his father’s death at a young age, his stepfather (a decorated veteran of World War 1), and living through the Great Depression, Mr. Tiedemann grew up with a strong determination to be a financial success and leader. It was through his demonstrated leadership skills that he earned the respect and praise of an entire industry. His opinions were valued and, as such, he was asked to serve on many Boards including Alltel Corporation, Curtice Burns, Claremont Capital Corp., Dillon Read & Co., Nikko Securities International, Kleinwort Benson International, National Medical Care, Piedmont Management Company and Winrock International (a Winthrop Rockefeller Foundation). He was a Trustee of the Allen-Stevenson School, served as a Governor of the American Stock Exchange, and served on several committees of the Securities and Exchange Commission.
His legacy and cultural values will live on through his two businesses, Tiedemann Wealth Management and Tiedemann Investment Group, and through the generations of industry leaders he championed.
About Tiedemann Wealth Management
Tiedemann Wealth Management is an independent wealth advisor with a singular focus – working in partnership with clients to achieve their specific financial goals. Tiedemann provides high net worth individuals, wealthy families, and trusts and foundations with customized, objective investment management and wealth planning services. An owner-managed Firm, Tiedemann oversees approximately $9 billion in investable assets.
Founded in 1999, Tiedemann Wealth Management is headquartered in New York, with offices in Palm Beach and San Francisco. The Firm provides trust services through Tiedemann Trust Company, a state-chartered trust company located in Delaware.
For more information on Tiedemann Wealth Management, please call Andrew Douglass at 212-396-5900 or visit www.tiedemannwealth.com
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Contacts:
Andrew Douglass, 212-396-5900
www.tiedemannwealth.com
