Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Anyone Have Knowledge About Cooper Network?
Old 04-29-2008, 10:05 AM   #1
Dryer sheet wannabe
 
Join Date: Mar 2007
Posts: 11
Anyone Have Knowledge About Cooper Network?

I know most of you guys handle your own investments, but I'm wondering if anyone has any experience (good/bad) with the Cooper Network run by Andy Cooper and his family?
__________________

__________________
SSQQ is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-29-2008, 07:54 PM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,138
I've never heard of Andy Cooper and judging by the lack of response to your question it would appear he's not well known. Who is he? What do you know about his investment track record?
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 04-29-2008, 08:25 PM   #3
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,620
For a minute there I thought it was astroturfing. And then I wondered if one of the Coopers is posting here.

Quote:
The Cooper Network is a group of 80 financial consultants inside Smith Barney, headed by Andy Cooper in San Francisco, California, who specialize in retirement planning.
For example, these guys:
David P. Cooper - Eileen A. Murray, CFP® - Andrew Cooper IV 'Chip' - Smith Barney Financial Advisors - San Francisco, CA
... who for some reason also seem proud to have a Citi logo on their website.

I don't know squat about them, but here's a couple questions for you:
- Have you done the reading that was recommended in your other thread? The reason I'm asking is because when other posters have done the reading, they've asked questions about the reading. The posters who have not done the reading, however, have almost all asked questions like this one.

- The typical ER math question on financial advisers goes like this: "If my portfolio will only support a SWR of 4%, do I really want to give 1-2% of that to a financial advisor?" In other words, is the financial security so good that it's worth giving them 25-50% of your annual expenses? Your situation is different and your expenses may be less, but put it in terms of dollars to them divided by dollars you spend each year and ask yourself if it's worth it to you.

If you're going to hire someone to manage your money for you, eventually you're going to wonder if they're doing a good job. To determine the answer to that concern, you're either going to have to pay more money to someone else for their opinion (which may or may not be worth what you pay for it), or you're going to have to educate yourself enough to answer your own questions about their performance. By the time you know enough to determine if they're doing a good job, you will also know enough to not only manage your own portfolio but you will also have the confidence that you know how to manage it.

Or you could just solicit the opinions of a bunch of anonymous Internet strangers, which is worth almost as much as what you're paying for it. If there are over 6000 members on this board, most of whom manage their own finances, how difficult could it be?

Taylor Larimore on the Vanguard Diehards board is managing his own portfolio in his 80s, and he prides himself on spending just a few minutes per year doing it. He even wrote a book about it: "The Boglehead's Guide".
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 04-29-2008, 09:12 PM   #4
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Quote:
Originally Posted by SSQQ View Post
I know most of you guys handle your own investments, but I'm wondering if anyone has any experience (good/bad) with the Cooper Network run by Andy Cooper and his family?
SSQQ, if the premise is that you already decided to let an adviser handle your investments, my only further suggestion is to do your homework and be comfortable that it is worth 1.5% of your assets (comparable to about 30% of your annual withdrawals when that time comes). Especially remembering that few advisors beat the indexes over the long haul.

Can't help on your specific question. I fired my advisers two books into my financial education.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Old 04-30-2008, 01:54 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by Rich_in_Tampa View Post
SSQQ, if the premise is that you already decided to let an adviser handle your investments, my only further suggestion is to do your homework and be comfortable that it is worth 1.5% of your assets (comparable to about 30% of your annual withdrawals when that time comes). Especially remembering that few advisors beat the indexes over the long haul.

Can't help on your specific question. I fired my advisers two books into my financial education.
Every advisor charges a different rate. For instance, NONE of my partner's managed accounts is over 1%, and a fair number are around .75%...........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 04-30-2008, 02:22 PM   #6
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Quote:
Originally Posted by FinanceDude View Post
Every advisor charges a different rate. For instance, NONE of my partner's managed accounts is over 1%, and a fair number are around .75%...........
It's variable for sure. My former adviser had a sliding scale depending on amount under management. My "marginal" rate (below the first bracket) at the time we terminated was 1.6%, with the overall rate about 1.4%.

Point stands. You need to be aware of the costs and what you are receiving for them.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Old 04-30-2008, 02:28 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by Rich_in_Tampa View Post
It's variable for sure. My former adviser had a sliding scale depending on amount under management. My "marginal" rate (below the first bracket) at the time we terminated was 1.6%, with the overall rate about 1.4%.

Point stands. You need to be aware of the costs and what you are receiving for them.
Agreed. Sometimes "wealth management suites"like the Cooper Network are expensive to deal with, because they have a LOT of support staff to pay. Their attitude is: "we charge a lot, because you get a lot",not always the case..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 04-30-2008, 07:44 PM   #8
Dryer sheet wannabe
 
Join Date: Mar 2007
Posts: 11
Nords,
You are correct. I haven't read the material yet. I will get the suggested books. But I want to retire in one or two months and I know I will not be prepared to handle my own investments by that time. I do hope that I can learn quickly and handle my own portfolio at some point, but that won't happen by July.

So I do need to start out with a financial adviser and I would like to know that I'm selecting a reputable one. So, that's the reason for the post.

Everyone,
Thanks for the feedback. And I hope to keep learning more from you guys.
__________________

__________________
SSQQ is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Siegel interview on Knowledge@Wharton Nords FIRE and Money 4 03-08-2008 10:14 AM
Interview with economist Sherry Cooper on Retirement Meadbh FIRE and Money 4 01-16-2008 11:16 AM
Anyone have a Mini Cooper? JustMeUC Other topics 14 11-13-2007 02:33 PM
Sharing Your Knowledge as a Financial Professional PsyopRanger Life after FIRE 27 08-15-2006 10:08 AM
ER knowledge database dory36 Other topics 6 04-02-2006 01:09 PM

 

 
All times are GMT -6. The time now is 10:13 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.