Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management of Pooled Investment Vehicles
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pooled Investment Vehicles
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Insurance Companies
- Corporations or Other Businesses Not Listed Above
- Other
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
- Commissions
- Performance-based Fees
Oppenheimer & Co. Inc. Overview
Oppenheimer & Co. Inc. is a fee-based registered investment advisory firm that has been in business since 1955. Based in New York, NY, the firm offers a range of investment-related services. As a broker-dealer, insurance broker/agent, and municipal advisor, Oppenheimer & Co. can provide investment advice to individuals, small businesses, and institutional clients. Oppenheimer & Co.'s services include financial planning, portfolio management for individuals & small businesses, and portfolio management of pooled investment vehicles. The firm also provides pension consulting services to businesses and institutional clients. Additionally, Oppenheimer & Co. can help clients select other advisors, providing a comprehensive suite of investment-related services. With its long history and diverse range of services, Oppenheimer & Co. is a trusted partner for those seeking customized investment solutions. The firm's fee-based structure ensures clients receive objective advice without conflict of interest, and its experienced team of professionals are dedicated to helping clients achieve their financial goals.
Oppenheimer & Co. Inc. serves a wide variety of clients with their investment needs. They cater to individuals and high net worth individuals with investable assets that exceed a certain amount. Pooled investment vehicles and pension or profit sharing plans are also part of their client base, as well as charitable organizations. The firm also provides investment solutions to state or municipal government entities, insurance companies, and other types of corporations that are not listed. They strive to provide tailored investment advice that caters to each client’s unique needs and requirements. Oppenheimer & Co. Inc. offers various fee structures, depending on the services that the clients require. Percentage of assets under management (AUM) is a common fee structure for investment firms, and Oppenheimer & Co. Inc. is no exception. This fee structure means that clients pay a percentage of the total assets that Oppenheimer manages for them. Fixed fees are also available for certain services. In some cases, commissions are paid on transactions, and this fee structure applies to specific types of products. Finally, performance-based fees are also available. This fee structure is linked to the client’s investment performance, and the firm gets paid an additional fee if the investment returns exceed a particular benchmark. Oppenheimer & Co. Inc. offers a range of fee structures that cater to different types of clients and their investment needs.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Oppenheimer & Co. Inc. does not mention an investment minimum.
How This Office Can Help Schuylkill County, PA Residents
Oppenheimer & Co. Inc. has been actively providing financial services and investment advice to clients in Schuylkill County, PA, for several years. The company's team of experienced financial advisors are committed to helping clients in the county manage their wealth and achieve their long-term financial goals. These professionals work to understand the individual needs and circumstances of each client in order to provide personalized financial solutions. Residents of Schuylkill County, PA, may face a variety of financial situations that require guidance from Oppenheimer & Co. Inc. These could include planning for retirement, strategizing for tax-efficient investing, navigating issues surrounding estate planning, and managing wealth during periods of economic uncertainty. Additionally, the firm's financial advisors can assist clients in developing a diversified portfolio that aligns with their risk tolerance and financial objectives, as well as providing access to investment opportunities and cutting-edge financial technologies.
Services Offered by Oppenheimer & Co. Inc.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Oppenheimer & Co. Inc. most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Oppenheimer & Co. Inc. is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- 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
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Virgin Islands
Disciplinary History
Oppenheimer & Co. Inc. does not have any disclosures. Please visit it's Form ADV for more details.