Newspaper article THE JOURNAL RECORD

Cooper Applies Safe Strategies to Retirement Funds

Newspaper article THE JOURNAL RECORD

Cooper Applies Safe Strategies to Retirement Funds

Article excerpt

Safe, conservative or similar adjectives are music to the ears of most retirees looking to invest their nest egg.

Those qualifiers are exactly how Andrew Cooper III of the Cooper Network in San Francisco, which is affiliated with Shearson Lehman Hutton, describes his strategy aimed at parlaying retirement funds into future income.

"We have a very conservative investment policy," said Cooper in a telephone interview Tuesday from Tulsa before visiting with retirees from Phillips Petroleum Co. in Bartlesville.

"Our clients are retired, they don't want to go back to work and are safety-investment oriented. They are less concerned about making money than not losing it."

Cooper, whose firm manages more than $1 billion of retirement investments with more than 5,000 clients, will be in Oklahoma City in September.

Primarily, Cooper, 41, targets employees about to retire - at age 50 or older - in the petroleum, banking, aerospace, telecommunications and other mature industries. He suggests putting 75 percent of available capital into fixed-income or triple A-rated securities and 25 percent into high-quality equity stock.

But, he encourages employees to first fully participate in company retirement plans, which sometimes can offer higher rates of return.

In the case of Phillips retirees he visited with Tuesday, many have just terminated a five-year deferred profit-sharing plan with the company that drew 14.1 percent interest. If they chose to continue, the rate would drop to 9.1 percent. Cooper is offering a 9.3-9.4 percent rate.

"Conservatively, right now, you can expect a little over 9 percent; 10 percent with stocks, and that's a little low," he said.

Investing retirements funds is fairly new with the advent of profit-sharing plans, Cooper said, which often generate large disbursements of capital upon retirement. …

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