Lee Kopp, Edina investment executive and philanthropist, dies at 86

Written by on October 18, 2020

Lee Kopp, the North Aspect son of a Minneapolis parking zone attendant who went on to a 50-year profession within the securities business, was referred to as a decisive and calm investor who made cash for purchasers and himself.

Kopp additionally acknowledged it when his picks and affected person type didn’t work out.

Kopp, who eschewed a flashy life-style and the trimmings of wealth, drove a 2007 Cadillac and lived in the identical Edina home close to his Southdale-area workplace for 50 years. He died earlier this month on the age of 86, two years after he shuttered Kopp Funding Advisors to deal with philanthropy and household investments.

Kopp needed his legacy to be the $60 million-and-growing sum he and his household donated to charitable causes, principally to scholarships for Minneapolis-area youngsters from low-income households, from preschool to school.

Kopp, a graduate of Minneapolis Henry Excessive, additionally graduated from the College of Minnesota and served as a Navy officer.

“Lee was a outstanding man who lived a outstanding life,” his widow, Barbara, and daughter Debbie stated in a ready assertion. “A person of super integrity, kindness, generosity and nice wit. He as soon as stated, there are three vital issues in life: The primary is to be type, the second is to be type, and the third is to be type.”

Lee and Barbara Kopp established the Kopp Household Basis in 1987.

“His generosity has touched the lives of hundreds,” the assertion stated. “There isn’t a higher method to pay tribute to his legacy than to proceed the charitable works of the Kopp Household Basis for a few years to return.”

Kopp’s giving centered on local people schools and state universities. It spanned college students at 132 colleges, 52 of them in Minneapolis. The inspiration additionally supported help to the needy.

Kopp and his spouse of 61 years raised 4 kids in Edina.

Kopp joined the previous Dain Bosworth in 1960, now a part of RBC Wealth Administration. He served as a monetary adviser and supervisor of the large Southdale department workplace till he established Kopp Funding Advisors in 1990.

He gained accolades within the 1990s for good efficiency centered on know-how investments.

In 2006, Kopp offered the agency’s two publicly traded mutual funds to much-larger American Century. He and a small workers centered on non-public cash administration for people till his retirement in 2019 at 84.

Kopp skilled lots of the prime brokers at Dain.

“He’s assured, however there’s not an boastful bone in his physique,” George Hallin, a Dain Bosworth dealer stated in 1995. “At poker, he’s aggressive when he’s bought the playing cards. And also you don’t bluff him out of the pot.”

Kopp didn’t like dropping cash. He was courteous and direct. He was extra long-term investor than dealer. He was not shy about inviting purchasers to seek out one other dealer reasonably than combat over technique. And he criticized administration groups he thought had been overpaid for underperformance.

Kopp credited associates and luck for a lot of the success that he invested within the much less lucky.

rn{% endblock %}”},”begin”:”https://customers.startribune.com/placement/1/surroundings/3/limit-signup-optimizely/begin”},{“id”:”limit-signup”,”rely”:12,”motion”:”ignore”,”mute”:true,”action_config”:{“template”:”{% extends “grid” %}rnrn{% block heading_text %}Youu2019ve learn your 10 free articles for this 30 day interval. Join now for native protection you wonu2019t discover anyplace else, particular sections and your favourite columnists. StarTribune places Minnesota and the world proper at your fingertips. {% endblock %}rnrn{% block final %}rn{{ mother or father() }}rn{# restrict Krux pixel from https://www.squishlist.com/strib/customshop/328/ #}rnrnrn{% endblock %}”},”begin”:”https://customers.startribune.com/placement/1/surroundings/3/limit-signup/begin”},{“id”:”meter-desktop-331″,”rely”:10,”motion”:”ignore”,”mute”:false,”action_config”:false,”begin”:”https://customers.startribune.com/placement/1/surroundings/3/meter-desktop-331/begin”},{“id”:”PDA991499decide”,”rely”:9,”motion”:”ignore”,”mute”:true,”action_config”:false,”begin”:”https://customers.startribune.com/placement/1/surroundings/3/PDA991499decide/begin”},{“id”:”restrict”,”rely”:8,”motion”:”inject”,”mute”:false,”action_config”:{“template”:”

rnrnrnrn

rn

rn

rn rn

rn t

rn SUBSCRIBErn Already a subscriber? Log in.rn

rn

All Star Tribune readers and not using a Digital Entry subscription are given a restricted variety of complimentary articles each 30 days. As soon as the article restrict is reached we ask readers to buy a subscription together with Digital Entry to proceed studying. Digital Entry is included in all multi-day paper house supply, Sunday + Digital, and Premium Digital Entry subscriptions. After the 1 month Premium Digital Entry introductory interval you can be charged at a price of $14.99 per 30 days. You may see all subscription choices or login to an current subscription herern

rn rn

rn

rn

rn

rn

rn”},”begin”:”https://customers.startribune.com/placement/1/surroundings/3/restrict/begin”},{“id”:”nag”,”rely”:7,”motion”:”lightbox”,”mute”:true,”action_config”:{“top”:null,”width”:”630px”,”redirect_on_close”:null,”template”:”{% extends “shell” %}rnrn{% block substyles %}rn

rn{% endblock %}rnrn{% block web page %}rn{#rnrn{{ restrict – rely – 1 }}rnrn{{ kind.flow_form_open({nextAction: ‘firstSlide’}, null, null, ‘_top’) }}rn {{ kind.btn(‘Save Now’) }}rn{{ kind.flow_form_close() }}rnrn

rnrnrnu2022 rnrnrnrn#}rn

rn

rn

You may have {{ restrict – rely – 1 }} articles left

rn

rn rn u00a0u00a0u2022u00a0u00a0rn rn

rn

rn

rn

rn Save More Todayrn

rn

rn

rn

rn

99u00a2 for first Four weeks

rn {{ kind.flow_form_open({nextAction: ‘firstSlide’}, null, null, ‘_top’) }}rn {{ kind.button(‘Save Now’, ‘btn nag-btn’) }}rn {{ kind.flow_form_close() }}rn

rn

rn{% endblock %}rnrn{% block final %}rn{{ mother or father() }}rnrn{% endblock %}”},”begin”:”https://customers.startribune.com/placement/1/surroundings/3/nag/begin”},{“id”:”x”,”rely”:4,”motion”:”ignore”,”mute”:true,”action_config”:false,”begin”:”https://customers.startribune.com/placement/1/surroundings/3/x/begin”},{“id”:”multi-start”,”rely”:3,”motion”:”fly_in”,”mute”:true,”action_config”:{“location”:”bottom_left”,”slide_direction”:”backside”,”group_id”:null,”display_delay”:”0″,”collapse_delay”:”10″,”template”:”

rn

rn

rn

rn

From simply

rn

$3.79 99u00a2 every week

rn Save nowrn

rn

rn

“},”begin”:”https://customers.startribune.com/placement/1/surroundings/3/multi-start/begin”}]};
— to www.startribune.com

rn{% endblock %}"},"begin":"https://customers.startribune.com/placement/1/surroundings/3/limit-signup-optimizely/begin"},{"id":"limit-signup","rely":12,"motion":"ignore","mute":true,"action_config":{"template":"{% extends "grid" %}rnrn{% block heading_text %}Youu2019ve learn your 10 free articles for this 30 day interval. Join now for native protection you wonu2019t discover anyplace else, particular sections and your favourite columnists. StarTribune places Minnesota and the world proper at your fingertips. {% endblock %}rnrn{% block final %}rn{{ mother or father() }}rn{# restrict Krux pixel from https://www.squishlist.com/strib/customshop/328/ #}rnrnrn{% endblock %}"},"begin":"https://customers.startribune.com/placement/1/surroundings/3/limit-signup/begin"},{"id":"meter-desktop-331","rely":10,"motion":"ignore","mute":false,"action_config":false,"begin":"https://customers.startribune.com/placement/1/surroundings/3/meter-desktop-331/begin"},{"id":"PDA991499decide","rely":9,"motion":"ignore","mute":true,"action_config":false,"begin":"https://customers.startribune.com/placement/1/surroundings/3/PDA991499decide/begin"},{"id":"restrict","rely":8,"motion":"inject","mute":false,"action_config":{"template":"

rnrnrnrn

rn

rn

rn rn

rn t

rn SUBSCRIBErn Already a subscriber? Log in.rn

rn

All Star Tribune readers and not using a Digital Entry subscription are given a restricted variety of complimentary articles each 30 days. As soon as the article restrict is reached we ask readers to buy a subscription together with Digital Entry to proceed studying. Digital Entry is included in all multi-day paper house supply, Sunday + Digital, and Premium Digital Entry subscriptions. After the 1 month Premium Digital Entry introductory interval you can be charged at a price of $14.99 per 30 days. You may see all subscription choices or login to an current subscription herern

rn rn

rn

rn

rn

rn

rn"},"begin":"https://customers.startribune.com/placement/1/surroundings/3/restrict/begin"},{"id":"nag","rely":7,"motion":"lightbox","mute":true,"action_config":{"top":null,"width":"630px","redirect_on_close":null,"template":"{% extends "shell" %}rnrn{% block substyles %}rn

rn{% endblock %}rnrn{% block web page %}rn{#rnrn{{ restrict - rely - 1 }}rnrn{{ kind.flow_form_open({nextAction: 'firstSlide'}, null, null, '_top') }}rn {{ kind.btn('Save Now') }}rn{{ kind.flow_form_close() }}rnrn

rnrnrnu2022 rnrnrnrn#}rn

rn

rn

You may have {{ restrict - rely - 1 }} articles left

rn

rn rn u00a0u00a0u2022u00a0u00a0rn rn

rn

rn

rn

rn Save More Todayrn

Over 70% off!

rn

rn

rn

rn

99u00a2 for first Four weeks

rn {{ kind.flow_form_open({nextAction: 'firstSlide'}, null, null, '_top') }}rn {{ kind.button('Save Now', 'btn nag-btn') }}rn {{ kind.flow_form_close() }}rn

rn

rn{% endblock %}rnrn{% block final %}rn{{ mother or father() }}rnrn{% endblock %}"},"begin":"https://customers.startribune.com/placement/1/surroundings/3/nag/begin"},{"id":"x","rely":4,"motion":"ignore","mute":true,"action_config":false,"begin":"https://customers.startribune.com/placement/1/surroundings/3/x/begin"},{"id":"multi-start","rely":3,"motion":"fly_in","mute":true,"action_config":{"location":"bottom_left","slide_direction":"backside","group_id":null,"display_delay":"0","collapse_delay":"10","template":"

rn

rn

rn

rn u00d7rn

rn

rn

From simply

rn

$3.79 99u00a2 every week

rn Save nowrn

rn

rn

"},"begin":"https://customers.startribune.com/placement/1/surroundings/3/multi-start/begin"}]};n -- to www.startribune.com ","author":{"@type":"Person","name":"Sheldon Wills","url":"https://correctsuccess.com/author/sheldon/"},"articleSection":["Investment"],"image":{"@type":"ImageObject","url":"https://correctsuccess.com/wp-content/uploads/2020/10/Lee-Kopp-Edina-investment-executive-and-philanthropist-dies-at-86.jpg","width":1200,"height":630},"publisher":{"@type":"Organization","name":"Studio 12","url":"https://correctsuccess.com","logo":{"@type":"ImageObject","url":"https://correctsuccess.com/wp-content/uploads/2020/10/Correct-Success-Logo-Design-PNG-3.png"},"sameAs":["https://www.facebook.com/TheCorrectSuccess/","https://twitter.com/correctsuccess","https://correctsuccess.tumblr.com/","https://in.pinterest.com/thecorrectsuccess/_saved/"]}}

for more about Finance latest updates click hear Finance news
Correct Success


Reader's opinions

Leave a Reply

This site uses Antispam to reduce spam. Learn how your comment data is processed.


Current track

Title

Artist