Oppenheimer Asset Management
Assets Under Management
$20.0B
Number of Clients
44,391
Number of Advisors
5
Average Client AUM
$450K
AUM per Advisor
$4.0B
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Oppenheimer Asset Management Inc. (OAM) provides various advisory programs, including discretionary and non-discretionary options. These wrap fee programs offer services like investment management, trading, execution, custody, and client reporting for a single fee. OAM acts as a fiduciary, prioritizing client interests and disclosing conflicts of interest. They offer programs like OIA, UMA, STAR, and PAS, each with different features and fee structures.
Fee Structure
The fees charged are negotiable and may differ from client to client based on factors including the type and size of the account and the range of client related services to be provided. The minimum annual fee for an account in any program is $250. The minimum fee will not apply if the account is at least $50,000 or advisory accounts in a client’s household are at least $250,000.
Areas of Practice
Location
85 Broad Street, New York, NY, 10004