Oppenheimer & Co. Inc
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Overview
Oppenheimer & Co. Inc is a financial advisory company located in New York, New York. The firm administers $22.7 billion in assets under management over 32,333 customer accounts, making it one of the largest financial advisory firms in the nation by assets under management (AUM). Oppenheimer & Co. Inc has a very large group, including 1,073 financial advisors. Oppenheimer & Co. Inc does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as stocks, bonds and options.
Oppenheimer & Co. Inc manages 16,336 of the firm's client assets on a discretionary basis. Discretionary management means that buy and sell decisions for the client's account are made by a portfolio manager without requiring client consent. The company also oversees 15,997 non-discretionary accounts with a total of $14.2 billion in assets. Oppenheimer & Co. Inc administers about $700,552 for each client account. An average advisor at Oppenheimer & Co. Inc manages about 30 client accounts, making it about average in terms of personalization.
The company's headquarters is at 85 Broad Street, New York, New York 10004. The company is legally allowed to provide services to customers throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Oppenheimer & Co. Inc by the Numbers
$22.7 billion
2,784
32,333
$700.6 thousand
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, the firm provided financial planning services to 3000 of its accounts. The firm is engaged in selling products or offering services apart from investment advice to its clients. It is affiliated with a number of other service providers in the financial services industry, 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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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.
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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.
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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
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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.
Fee Structure
Financial advisory fees usually vary depending on which service is provided. Fees charged by Oppenheimer & Co. Inc can include the following fee types: asset-based, fixed, commission-based or performance-based. The company does participate in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 1% of firms
Commissions
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company manages money for a broad range of investors. The company caters to 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 32,333 customers, Oppenheimer & Co. Inc's biggest client type by number of accounts is retail investors, though it also manages money for 569 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 1.76%
- Other Individuals - 92.73%
- Corporations - 5.06%
- Charitable Organizations - 0.45%
* 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
Bellevue, WA
Princeton, NJ
New York, NY
Atlanta, GA
New York, NY
New York, NY
Boca Raton, FL
New York, NY
Wayne, PA
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