Oppenheimer Investment Management LLC
Answer a few questions and
get matched with an advisor.
Learn more about Oppenheimer Investment Management LLC
Overview
Oppenheimer Investment Management LLC is a financial advisor firm that has its headquarters in New York, New York. It controls $835.4 million in assets under management across 73 accounts, placing it among the bigger financial advisory firms in the United States by assets under management (AUM). The company has a small group, including 7 financial advisors. Oppenheimer Investment Management LLC is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like options, equities and bonds.
Oppenheimer Investment Management LLC administers all of the company's client assets on a discretionary basis. Discretionary management means that a portfolio manager makes buy and sell choices without requiring the customer's approval. Oppenheimer Investment Management LLC's average account size is $11.4 million. An average advisor at Oppenheimer Investment Management LLC oversees around 10 client accounts, making it one of the more personalized advisor firms in the country.
Oppenheimer Investment Management LLC's central office is at 85 Broad St, New York, New York 10004. Oppenheimer Investment Management LLC is allowed to serve investors across 10 states, including Alabama, California, District of Columbia, Florida, Georgia, Illinois, Indiana, Michigan, New York and Pennsylvania.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Oppenheimer Investment Management LLC by the Numbers
$835.4 million
8
73
$11.4 million
Fee Structure
Financial advisory fees typically depend on which service is provided. However, fees charged by Oppenheimer Investment Management LLC typically consist of the following fee type: asset-based. The firm does not provide a wrap fee program, in which the company offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Oppenheimer Investment Management LLC works with a number of different investors. It provides services to high net worth investors, pension plans, charitable organizations, state or municipal government entities, insurance companies, corporations and other. Out of its 73 accounts, Oppenheimer Investment Management LLC's largest client group is other, although it also caters to one high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 7% of the company's accounts reside abroad.
- High-Net-Worth Individuals* - 1.37%
- Other Individuals - 0%
- Corporations - 84.93%
- Charitable Organizations - 13.7%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Disclosures
Oppenheimer Investment Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
The content in this profile was updated by SmartAsset on 4/16/2023. 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.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.