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 brokerage and investment advisory firm headquartered in New York, NY. Having been in business since 1955, the company has established itself as a reputable player in the financial services industry. The firm operates on a fee-based arrangement, which means that its clients pay a certain percentage of the assets that they have under management. This model helps align the interests of the firm with those of its clients, as the company's revenues increase when the clients' portfolios perform well. The firm is registered as a broker-dealer, an insurance broker/agent, a municipal advisor, and a provider of investment advice. This means that it is authorized to carry out various financial services activities under the law. Oppenheimer & Co. Inc. offers a range of services such as financial planning, portfolio management for individuals and small businesses, management of pooled investment vehicles, and pension consulting services. The firm also provides portfolio management services for businesses or institutional clients. Oppenheimer & Co. Inc. has a history of selecting and partnering with other advisors to provide clients with the best possible investment solutions. This means that the firm has a broad network of professionals ranging from financial planners to fund managers, which it can leverage on behalf of its clients. Additionally, the company's portfolio management services are designed to help clients achieve their investment objectives, while taking into account their risk tolerance and investment preferences. Clients of Oppenheimer & Co. Inc. can be assured of receiving personalized and tailored financial advice that takes into account their unique circumstances.
Oppenheimer & Co. Inc. is well renowned for catering to a diverse range of clientele. The firm extends its services to individuals, high net worth individuals, pooled investment vehicles, and pension or profit sharing plans. Additionally, charitable organizations, state or municipal government entities, and insurance companies also benefit from Oppenheimer's wealth management expertise. The wide range of corporate types that Oppenheimer serves includes but isn't limited to banks, insurance companies, trusts, and estates. With a reputation for stellar service, Oppenheimer is open to all kinds of clients. When it comes to fee structures, Oppenheimer & Co. Inc. offers clients an array of options depending on the services provided. Oppenheimer charges fees to manage client portfolio investments, and they are usually a percentage of assets under management (AUM). Additionally, Oppenheimer may set up a schedule of fixed fees that cover general services rendered. Clients looking for specific investment recommendations by brokers will usually face commissions on every transaction. The final option available is the performance-based fee, where Oppenheimer charges clients fees as a percentage of investment gains over a certain period. With these different fee structures, Oppenheimer ensures that their clients receive value for their money, while their investments grow and flourish over time.
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 Monroeville, PA Residents
Oppenheimer & Co. Inc. provides a wide range of financial services to clients in Monroeville, PA, with solutions tailored to meet their unique needs. Clients in Monroeville may be facing a variety of financial situations, such as preparing for retirement, saving for college, managing investments, or building wealth. Oppenheimer & Co. Inc. has a team of experienced financial advisors who work closely with clients to understand their financial goals and develop personalized strategies that can help them achieve their desired outcomes. Some of the services that Oppenheimer & Co. Inc. offers to clients in Monroeville include investment management, retirement planning, estate planning, tax planning, and risk management. These services are designed to help clients grow and protect their wealth while also planning for the future. Oppenheimer & Co. Inc. works with a variety of clients, from individuals and families to businesses and institutions, to provide customized solutions that can help them achieve their financial objectives. Whether someone is just starting out or is already well-established, Oppenheimer & Co. Inc. can offer expert guidance and support to help them 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.