Entrepreneur SEEN

Sidhdharth and Lipsa Sheth

November 26, 2015

Putting family first.

By Matthew Totsky
Photography by Brett Mountain

For Sidhdharth and Lipsa Sheth, family always comes first. But not just their own family — which includes daughters Surina, 14, Resha, 12, and Milani, 9 — but the many families in their community whose lives they’ve touched.

For the past 27 years, Sidhdharth has worked as a wealth adviser, most recently with UBS in Birmingham where he serves as senior vice president and works with ultra-high net worth clients.

“This may sound cliche,” he says, “but the most satisfying part about working with families in this field is helping them get where they want to go. It’s very rewarding for me to see my clients achieve success with their financial goals.”

Sidhdharth sits on the Board of Governors at Cranbrook Schools, where their daughters are students. He also serves on the school’s finance and marketing committees. “It’s an honor to give back to the institution that’s done so well for our children.”

Lipsa has also been very active within the Cranbrook community. She has volunteered for the school’s Kaleidoscope event, which funds the lower, middle and upper schools.

“In 2012, I co-chaired the event, and we raised a record amount,” she says. “It was amazing to work alongside other parents who are also committed to volunteering at the school. It was impressive how everyone pooled their talents together to take things to the next level and made the event successful.”

Lipsa co-chaired Cranbrook’s Oct. 5 fundraiser, a golf outing for the Booster Club, which supports the athletic department.

She has also worked extensively with families within the local Indian community. “I sit on the board for Michigan Asian Indian Family Services (MAIFS),” she says. “This nonprofit organization provides assistance to Asian families and individuals in need — domestic violence is an unfortunate reality that is often addressed.”

Issues within the Indian community have always been close to her heart. “I worked with similar organizations when I lived in New York City, and when I moved here, I wanted to link to similar causes,” she says. “I also helped co-found the Michigan Indian American Association (MIAA), a cultural organization that brings young families of Indian descent together. We organize an annual Diwali dinner and events to benefit charities like Gleaners Food Bank.”

When it comes to personal family time, the Sheths enjoy traveling and living life to the fullest.

“We’re an active family and love experiencing different cultures,” Sidhdharth says. “We just returned from Costa Rica where we did it all — hiking, white water rafting, scuba diving, snorkeling, kayaking, boating and zip lining. One of my favorite quotes is, ‘What are we but for our stories?’ meaning if you want to do something, go for it. That’s an approach we like to take each and every day.”
     Locally, the family likes to eat out and sample the area’s many fantastic restaurants. “We like all types of food, so it’s great that there are so many choices,” Sidhdharth says. “Bacco Ristorante in Southfield is excellent and, thankfully, Birmingham has a great restaurant scene. Café Via, The Mad Hatter and
Phoenicia are some of our favorites as a family. Beyond Juice is great also; our girls love it there.”

Back at their home on Walnut Lake, the Sheths try to stay active as much as possible.

“We love living here on the lake,” Lipsa says. “We use it all year long — boating, tubing and kayaking in the summer and snow-shoeing and ice skating in the winter months. This winter, we plan to try cross-country skiing across our lake for the first time.”

These kinds of activities are familiar for Sidhdharth, who grew up in West Bloomfield and went to Groves High School before attending the University of Michigan for a degree in mechanical engineering.

“This is a wonderful place to raise a family,” he says. “I love the Midwest, the culture and the value system. There are a lot of wholesome qualities to be found in a place like this as compared to a bigger city. Plus, I love the chance to be able to enjoy all four seasons. When one season is over, I can’t wait for the next one to come so we can venture onto different activities.”

Sidhdharth also coaches his youngest daughter’s soccer team for the Bloomfield Hills Youth Soccer League and the family enjoys golfing at Orchard Lake Country Club. “I’m on the finance committee there as well,” he says with a laugh.

Lipsa grew up in New Jersey and earned degrees in economics and accounting from Rutgers University. She later moved to New York City where she worked at Lifetime Television and CBS in financial reporting and planning for the networks. “Sidhdharth and I met at an event in New York,” she says. “We got married a little over a year later.”

Sidhdharth adds, “What she left out is that I proposed on our first date. That’s not a lie. First date. I can’t make stuff like that up.” NS


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