Oppenheimer & Co. Inc

CRD#249
Investment Advisor Firm

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Learn more about Oppenheimer & Co. Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Oppenheimer & Co. Inc is located at 85 Broad Street, New York, NY. The firm employs 1,126 financial advisors to manage client portfolios and provide financial guidance. Oppenheimer & Co. Inc is a registered broker-dealer.

    Oppenheimer & Co. Inc oversees $27.5 billion in assets under management across 34,493 accounts, of which 18,159 are discretionary and 16,334 are non-discretionary. Over the past year, the firm has provided financial planning services to 3,500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. The firm caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations. Retail investors are the largest client type by accounts. The fee structure at Oppenheimer & Co. Inc includes asset-based, fixed, commission-based, and performance-based fees. The firm has 786 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, trust company, insurance company or agency, pension consultant, and commodity pool advisor.

    Oppenheimer & Co. Inc is registered in the states of Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, California, Connecticut, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $27.5 billion

    Number of Advisors

    1,126

    Disclosures

    No

    Office Location

    85 Broad Street
    New York, NY 10004

    Oppenheimer & Co. Inc by the Numbers

    Total Assets Under Management

    $27.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    2,812

    National Average: 64
    Total Number of Accounts

    34,493

    National Average: 375,227
    Average Account Size

    $795.9 thousand

    National Average: $23.0 thousand
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    Products and Services

    Oppenheimer & Co. Inc provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. In the prior fiscal year, Oppenheimer & Co. Inc provided financial planning services to 3500 of its clients. It is involved in selling products or offering services other than investment advice to its customers.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors largely vary depending on the type of services offered. Fees charged by Oppenheimer & Co. Inc can consist of some blend of the following fee types: asset-based, fixed, commission-based, or performance-based. The company participates in a wrap fee program, in which the company offers a bundle of services for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 1% of firms

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

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    Types of Clients

    The company works with a number of different investors. The firm works with retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, corporations, and other. Out of its 9 clients, Oppenheimer & Co. Inc's biggest client type by number of accounts is retail investors, although it also manages money for 786 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 2.28%
    • Other Individuals - 92.53%
    • Corporations - 4.77%
    • Charitable Organizations - 0.41%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Oppenheimer & Co. Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Oppenheimer & Co. Inc

    Lauren Lewis
    Atlanta, GA
    Ari Wald
    New York, NY
    Matthew Jaskolka
    Virginia Beach, VA
    Kole Schleimer
    New York, NY
    Tristan Ramage
    New York, NY
    Julian Natelli
    Florham Park, NJ
    William Reif
    New York, NY
    Brian Ocampo
    New York, NY
    Jonathan Gonshor
    New York, NY

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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