D. Paterson Cope and Bobby Cope of Cope Private Wealth are no strangers to the wealth industry and have helped dozens of groups and individuals attain their financial goals, from those who have grown their wealth to those who are on their way to high growth. Pat Cope has been a financial advisor for over 30 years with multiple degrees including a Certified FInancial Planner qualification to his name. He has license to practice in multiple states and has done so in the course of his career. He resides in Alabama with his wife. Jennifer Miree Cope and his two sons, with his eldest son Bobby Cope also being a financial advisor and a partner at the firm.
Wealth accumulation is not about the money one makes but about how exactly it is saved and invested to generate more income. Cope Private Wealth helps their clients reach their financial goals by building their wealth to turn into accumulated wealth
Many factors are considered when planning for one’s retirement, from how old they are to what age they hopefully want to retire, the amount of money and assets they currently hold and the income they are currently generating. In addition to this, current financial plans are also factored in, such as a client’s 401(k) and where their assets are sitting at the present time. Depending on the age of their clients, Cope Private Wealth knows how to handle the assets they hold and where to diversify them. For instance, when planning for retirement at a young age, risk management is substantially higher and assets can be diversified into the stock market, where the market is very volatile and is prone to higher risks but can yield even higher rewards. Especially in the budding market today, where industries everywhere are thriving, the stock market is one of the better places to invest one’s savings particularly when planning for retirement and for the long-term. Whereas, if their clients are on the verge of retirement and have accumulated enough wealth for their lifetimes and are thinking about investing for the future of their children and their children’s children, the financial advisors at Cope Private Wealth might diversify their assets into plans more ideal for their needs such as bonds where there is minimal risk and where their wealth will be accumulated for decades to come.
Cope Private Wealth is a financial investment firm that specializes in managing assets for affluent citizens. Located in Alabama, wealth advisors D. Paterson Cope and his son Bob Cope are experts at financial planning and advising. Armed with years of experience and knowledge, they specialize in diversifying investments and creating portfolios that are tailored to their clients income and needs. CEO and founder Pat Cope has found Cope Birmingham Financial Planning many success in his life with the support of his wife, Jennifer Miree Cope and was lucky enough to have his son follow in his profession. He has worked with companies all over the country and very well-known individuals and companies, from the Lehman Brothers, NYC to JC Bradford and Co., NYC. He also has two sons, Charlie and Bob, who have had great success in their lives as well. Bob Cope is one of the wealth advisors at Cope Private Wealth and is just as competent as his father. Having graduated summa cum laude at the University of Alabama in a dual degree, he also took up his Masters Degree in Human Environmental Science and eventually got his license as a Certified Financial Planner.
In the world we are in today, access has never been more convenient. Millions of transactions are done online around the world every day, and it is even more rampant with the global pandemic shifting the economy. According to the NBER, the average U.S. investor holds around 90% of their wealth in domestic stocks which in turn leaves very little room for global diversification. A global portfolio can be far more stable and yield better results. Having assets allocated outside the national economy is one of the easiest ways to keep wealth secure and sustainable in the event something might go wrong. How a financial advisor usually goes about this is through international exchange trade funds or ETFs. Identifying which ETFs are best in the market is imperative in how the investment would go over time to follow. And with international exchange-trade-funds or ETFs being more accessible than they were a decade ago, tapping into the global market is now getting increasingly rampant and booming. A good financial advisor will strategically distribute their clients’ assets in the domestic and the international markets to have the best yield.
Father and son D. Paterson Cope and Bob Cope at Cope Private Wealth have been wealth advisors for years and have always known to give importance to multigenerational and intergenerational estate planning when handling their clients finances. They are well-aware that a lot of their affluent clients have big families and extended families, even loved ones that they want to pass their inheritance to when they are gone. D. Paterson Cope and Bob Cope are equipped with knowledge to build comprehensive plans for these clients in order that they or their family don’t have to worry about anything at all. Build a plan now through their website at https://copepw.com/.
