D Paterson Cope and Bobby Cope educate their clients on how to start, be proactive about managing wealth and building strong foundations set for long-term goals with dedication and lifelong planning
One of the best ways in having financial security is to have multiple streams of income to ensure that in the event one fails, there are still others to support. This foundation is built after diversification of assets to ensure that they will passively generate and increase wealth for the individual. This starts not so much with how much one makes, but how much they save and invest what they make and turn them into assets to in turn make money for them.
A fact that everyone must accept in life is that one day, we all must grow old. One day, our bodies will not be as strong or as limber as they once were, and eventually it comes to a point where we must rest after all the years spent on this world. Moreover, the work that one could’ve been able to produce in their prime can no longer be done. When thinking of preparing for these times, it is important to have a financial adviser by one’s side to guarantee a secure future not only for themselves, but for their loved ones as well.
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 specialists 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 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 merely 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.
Building an investment portfolio involves many factors. The first thing a financial advisor would do is to determine assets and allocate them accordingly. They would examine their client’s financial goals and take everything into consideration before even beginning the financial plan. Depending on the risk they are willing to take, the assets can be leaned on more towards stocks or towards bonds. Investing in the stock market D Paterson Cope Wealth can pose a higher risk because the market is very volatile, but can yield much higher returns if played right, whereas bonds are much safer as the yield is guaranteed. This is the option many people who are nearing retirement choose as their assets are protected when they retire and can be distributed for their needs and their loved ones.
Multigenerational and intergenerational planning is a crucial aspect in the legacy of Cope Private Wealth’s clients and in ensuring financial security for their descendants and future generations to come.
