Oppenheimer Alternative Investment Management, LLC

CRD#140485
Investment Advisor Firm

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Learn more about Oppenheimer Alternative Investment Management, LLC

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

    • Overview

    Oppenheimer Alternative Investment Management, LLC operates as a financial advisor firm headquartered in New York, New York. It has $269.8 million in assets over six customer accounts, placing it in the mid-tier of financial advisory firms in the United States by assets under management (AUM). The firm has a small group, including 0 financial advisor. Oppenheimer Alternative Investment Management, LLC is not a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets such as options, equities and bonds.

    Oppenheimer Alternative Investment Management, LLC oversees all of the company's accounts in a discretionary manner. Discretionary management means that transaction choices for the client's account are made by a portfolio manager without needing the customer's permission. The firm's average account size is $45.0 million.

    Oppenheimer Alternative Investment Management, LLC's central office is at 85 Broad Street, 24Th Floor, New York, New York 10004.

    Assets Under Management

    $269.8 million

    Disclosures

    No

    Office Location

    85 Broad Street, 24Th Floor
    New York, NY 10004

    Oppenheimer Alternative Investment Management, LLC by the Numbers

    Total Assets Under Management

    $269.8 million

    National Average: $8.6 billion
    Total Number of Employees

    8

    National Average: 64
    Total Number of Accounts

    6

    National Average: 375,227
    Average Account Size

    $45.0 million

    National Average: $23.0 thousand
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    Products and Services

    Financial services that Oppenheimer Alternative Investment Management, LLC offers include portfolio management for pooled investment vehicles and selection of other advisers. Oppenheimer Alternative Investment Management, LLC does not sell products or offer services apart from investment advice to its investment advisory customers. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, trust company, insurance company or agency, pension consultant and commodity pool advisor.

    Core Advisor Services

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      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.

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      Portfolio Management

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

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      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.

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      Educational Seminars/Workshops

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

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    Fee Structure

    Fees for financial management largely vary depending on the services offered. Fees billed by the firm most likely include any blend of the following fee structures: asset-based or performance-based. Oppenheimer Alternative Investment Management, LLC does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive 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 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.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      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.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      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.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company works with pooled investment vehicles. Out of its six accounts, Oppenheimer Alternative Investment Management, LLC's biggest client is pooled investment vehicles. None of its customers reside abroad.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * 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 Alternative Investment Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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