PRESS RELEASE - MAY 1, 2019

LEE KOPP TO RETIRE AS CHAIRMAN OF
KOPP INVESTMENT ADVISORS
FIRM TO CLOSE IN NOVEMBER 2019


BLOOMINGTON, Minn. – Accomplished financial investor Lee Kopp announced his pending retirement as chairman of Kopp Investment Advisors today after 60 years in the investment management business. In connection with Kopp’s retirement, Kopp Investment Advisors will also be closing its doors before the end of the year.

The retirement, effective November 30, 2019, allows Kopp the opportunity to focus and further dedicate his time and resources to philanthropy through the Kopp Family Foundation, and managing family investments through his family office.

“I have always believed that you cannot get carried away with your achievements in life as there is always another hill to climb,” said Kopp in a letter to clients. “I could not be more grateful for the trust you have placed in me and the Kopp Investment Advisors team. Together, we have achieved some truly amazing results, and having reached the summit, I believe now is the right time to retire.”

Kopp’s personal and professional successes have spanned more than six decades, including as a Lieutenant in the U.S. Navy, Dain Bosworth Inc.’s senior vice president and as founder of Kopp Investment Advisors in 1990. His awards and recognitions include: Broker of the Year by Registered Representative Magazine, Ernst and Young’s Entrepreneur of the Year award for the Midwest region, appearances on CNBC, as well as being featured in the Wall Street Journal, BusinessWeek and Kiplinger’s Personal Finance magazine on numerous occasions.

Kopp Investment Advisors’ flagship Emerging Growth Strategy has posted strong performance since the firm’s inception. Since its inception date of June 30, 1990 through December 31, 2018, the Emerging Growth Strategy significantly outperformed both the benchmark Russell 2000 Growth Index and the S&P 500 Index. One dollar invested in the Emerging Growth Strategy at inception would be worth $17.84 as of December 31, 2018, more than double the benchmark Russell 2000 Growth Index of $7.90 and well ahead of the S&P 500 Index of $12.74. Recent performance of the Emerging Growth Strategy is also noteworthy. According to Morningstar, the strategy’s returns were ranked in the top 10% of small cap growth separate account strategies for the one, three and five-year periods ended December 31, 2018.

Over the years, Kopp’s laser-focus and dedication was well-known, both personally and professionally. “Lee was the most competitive man that I ever met,” said client and close friend, Thomas Crowley. “He would take out a row of fence to return a stupid tennis ball. As a result, you also knew that he took his ‘must win attitude’ to the board room table,” he continued. “You always felt comfortable with his honesty and that he was working your account with his personally devised strategy to the best of his abilities. In the long run, Lee was great for us financially for more than two and a half decades.”

While Kopp Investment Advisors continues to enjoy success, the work of the family’s charitable foundation and the family office has become a much larger focus for Kopp and his family. With Kopp’s retirement from Kopp Investment Advisors, there are even more members of the community that will benefit from what Kopp and his wife Barbara continue to give back.

“Lee and Barbara have touched so many lives within the community. We are beyond grateful for their generosity, support, and investment in higher education,” said Michelle Boe, Executive Director of Dakota County Technical College Foundation and the Inver Hills Community College Foundation.

The Kopp Family Foundation looks forward to continuing to invest in the community and achieve its primary goals to (1) help individuals achieve success by continuing education, (2) support non-profit organizations that encourage youth development, address women’s issues and provide for the care and quality of life for the elderly and (3) provide emergency assistance in the form of shelter and transportation for those in need.

 

Contact: Dena Vang or Laura Monagle
dvang@affirmagency.com lmonagle@affirmagency.com
262-650-9900



Kopp Investment Advisors 8400 Normandale Lake Boulevard Suite 1450 Bloomington, MN 55437 Tel: 952.841.0400 / 800.333.9128