Oppenheimer & CO. INC.
Assets Under Management
$32.4B
Number of Clients
37,605
Number of Advisors
1106
Average Client AUM
$862K
AUM per Advisor
$29.3M
Compensation
Commission-BasedFee-Only (AUM)Fixed/Hourly
About This Firm
Oppenheimer & Co. Inc. provides investment advisory, custody, and reporting services through various wrap fee programs. These programs offer both discretionary and non-discretionary advice. The firm addresses potential conflicts of interest, such as 12b-1 fees and cash sweep programs, through fee credits and disclosures.
Fee Structure
Oppenheimer's advisory fees are negotiable and vary based on account type, size, and services provided. The minimum annual fee is $250, but this is waived for accounts over $50,000 or households with at least $250,000 in advisory accounts. The fees cover investment services, trading, custody, and reporting. Clients may pay more or less in a wrap fee program compared to purchasing services separately. The table above shows the maximum fees for each program.
Areas of Practice
Location
85 Broad Street, 22nd Floor, New York, NY, 10004