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 investment advisory firm with headquarters in New York, NY. The firm has been in business since 1955 and is registered as a broker-dealer, insurance broker/agent, municipal advisor, and provides investment advice. Oppenheimer & Co. offers a wide range of financial services to its clients, including financial planning, portfolio management for individuals and small businesses, and portfolio management of pooled investment vehicles. In addition, Oppenheimer & Co. provides portfolio management for businesses or institutional clients, pension consulting services, and selection of other advisors. The firm is committed to providing quality services to its clients and helping them achieve their financial goals. With decades of experience in the financial market, Oppenheimer & Co. has established a reputation as a trustworthy and reliable advisor. Whether you're an individual, a small business owner, or an institutional investor, Oppenheimer & Co. can provide customized portfolio management tailored to your unique needs. Their team of experienced advisors are dedicated to providing the highest level of service and quality advice, backed by the resources and expertise of one of the most reputable investment firms in the industry. Contact Oppenheimer & Co. today to learn more about how they can help you achieve your financial objectives.
OPPENHEIMER & CO. INC. serves a diverse range of clients, including individuals, high net worth individuals, pooled investment vehicles, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other types of corporations. Their services are not limited to these clients and they work to cater to other types of clients as well. The firm aims to provide each client with customized and personalized attention, taking into account their unique financial needs and goals. OPPENHEIMER & CO. INC. offers different fee structures depending on the service provided. Clients can opt for a percentage of assets under management (AUM), wherein the firm charges a certain percentage of the client's total assets being managed. Fixed fees, on the other hand, entail a flat fee for the services provided, regardless of the size of the client's portfolio. Commissions are another fee structure available, where the firm earns a commission on the securities bought and sold on behalf of the client. Lastly, they provide performance-based fees, which are fees charged based on the performance of the portfolio. The fee structures available are flexible and tailored to suit the unique needs and preferences of each client.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Oppenheimer & Co. Inc. does not mention an investment minimum.
How This Office Can Help Grand Blanc, MI Residents
Oppenheimer & Co. Inc. offers a comprehensive range of services to assist clients in Grand Blanc, MI with their financial needs. These services include investment management, financial planning, estate planning, retirement planning, and risk management. People in Grand Blanc might be facing various financial situations that require assistance from Oppenheimer. For example, many individuals in the area may be planning for retirement and seeking guidance on how to invest their retirement savings. Others might be interested in building a diversified investment portfolio to earn better returns while mitigating risk. Additionally, with increasing healthcare costs, clients may need help planning for potential long-term care needs or handling medical expenses. Oppenheimer & Co. Inc. can provide guidance in all these areas and more to help clients in Grand Blanc achieve their financial goals.
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
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.