Clients
Oppenheimer & serves 39,036 clients, 35,818 of them other individuals. The average client has about $940,000 with the firm, and high-net-worth clients hold 16% of its $36.7 billion in assets.
- Individuals35,818 clients46%
- High-net-worth individuals1,229 clients16%
- Corporations and other businesses304 clients5%
- Other1,214 clients30%
- OtherPension and profit-sharing plans, Charitable organizations, State or municipal government entities, Insurance companies3%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 35,818 | $16,849,946,908 | 45.9% | $470K |
| High-net-worth individuals | 1,229 | $5,732,597,743 | 15.6% | $4.66M |
| Pension and profit-sharing plans | 267 | $459,588,809 | 1.3% | $1.72M |
| Charitable organizations | 191 | $420,885,664 | 1.1% | $2.20M |
| State or municipal government entities | 1 | $94,889 | 0.0% | $95K |
| Insurance companies | 12 | $141,814,586 | 0.4% | $11.8M |
| Corporations and other businesses | 304 | $2,001,921,662 | 5.5% | $6.59M |
| Other | 1,214 | $11,103,855,487 | 30.2% | $9.15M |
| Total | 39,036 | $36,710,705,748 | 100% | $940K |
- Clients
- 35,818
- Regulatory AUM
- $16,849,946,908
- Share
- 45.9%
- Avg. per client
- $470K
- Clients
- 1,229
- Regulatory AUM
- $5,732,597,743
- Share
- 15.6%
- Avg. per client
- $4.66M
- Clients
- 267
- Regulatory AUM
- $459,588,809
- Share
- 1.3%
- Avg. per client
- $1.72M
- Clients
- 191
- Regulatory AUM
- $420,885,664
- Share
- 1.1%
- Avg. per client
- $2.20M
- Clients
- 1
- Regulatory AUM
- $94,889
- Share
- 0.0%
- Avg. per client
- $95K
- Clients
- 12
- Regulatory AUM
- $141,814,586
- Share
- 0.4%
- Avg. per client
- $11.8M
- Clients
- 304
- Regulatory AUM
- $2,001,921,662
- Share
- 5.5%
- Avg. per client
- $6.59M
- Clients
- 1,214
- Regulatory AUM
- $11,103,855,487
- Share
- 30.2%
- Avg. per client
- $9.15M
Total
- Clients
- 39,036
- Regulatory AUM
- $36,710,705,748
- Share
- 100%
- Avg. per client
- $940K
What it does
Oppenheimer & provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting and selecting other managers. It is paid through a percentage of assets, fixed fees and commissions.
Oppenheimer & provided financial planning to 5,500 clients last fiscal year and advises no private funds.
38.8% of assets ($14.23B across 20,471 accounts) are managed with discretion; $22.48B across 18,565 accounts are not. $26.56B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks30%
- Funds57%
- Bonds7%
- U.S. government and agency bonds3%
- Investment grade corporate bonds3%
- State and local bonds1%
- Cash2%
- Other4%
- Limited partnerships, equity backed units, cmo, mbs.3%
- Derivatives1%
Custodians
Oppenheimer &’s client accounts are held mainly at Oppenheimer &, with 72% of managed assets. Oppenheimer & has custody of $26.34B for 38,316 clients.
- Oppenheimer &Oppenheimer & Co. Inc. · New York, NY · $26.34B72%
- All other custodians$10.37B28%
Ownership and leadership
Viner Finance Inc. owns 75% or more of Oppenheimer &.
- Owns 75% or more of Oppenheimer & Co. Inc.
Viner Finance Inc.
Control person · since October 1983
- Owns 75% or more of Viner Finance Inc.
E.A. Viner International Co.
Control person · since October 1983
- Owns 75% or more of E.A. Viner International Co.
Oppenheimer Holdings Inc.
Control person · since October 1983
- Owns 75% or more of Oppenheimer & Co. Inc.
Phase II Financial Inc.
Control person · since October 1985
- Owns 75% or more of Phase II Financial Inc.
Albert Grinsfelder Lowenthal
Control person · since October 1985
Leadership
- Edward Patrick HarringtonExecutive Vice President - Private Client Services
- Robert Steven LowenthalCEO-President-Director
- Leon E Molokie JRExecutive Vice President - Chief Operations Officer
- Brad Michael WatkinsDirector-Executive Vice President-CFO
- Dominic Thomas ValentinoChief Compliance Officer
- Thomas Edward CassidyManaging Director/Director
- Peter John GiordanoManaging Director-Chief Administrative Officer
- Albert Grinsfelder LowenthalExecutive Chairman-Director-Owns 100% of Phase II Fin'L
- Dennis Patrick McNamaraE.V.P./Clo/Secretary
Staff
- 2,806 employees
- 1,219 in advisory functions
- 1,135 state-registered reps
- 1,764 broker-dealer reps
- 675 insurance agents
- 201 soliciting firms
Reported holdings
Oppenheimer &’s reported 13F holdings total $9.37B across 1,759 positions, and the ten largest make up 19.5% of it.
- $9.37B
- Reported 13F value
- 1,759
- Positions
- 19.5%
- In the 10 largest
- +14.1%
- Value vs. prior quarter
- Apple Inc.3.5%
- Microsoft Corp.2.9%
- Nvidia Corporation2.7%
- Amazon Com Inc.2.1%
- Alphabet Inc. · Cap Stk CL C1.7%
- Alphabet Inc. · Cap Stk CL A1.7%
- JPMORGAN Chase & CO1.4%
- Broadcom Inc.1.2%
- Meta Platforms Inc. · CL A1.1%
- Berkshire Hathaway Inc. Del · CL B New1.1%
Together, the ten largest are 19.5% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $9.37B is not its $36.71B in regulatory assets and does not represent any individual client's portfolio.
Fees
Oppenheimer & is paid through a percentage of assets under management, fixed fees (other than subscription fees) and commissions.
Oppenheimer &’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Oppenheimer & has 109 offices, with 26 listed addresses across 14 states.
Florida · 4 listed addresses
- 4221 West Boy Scout BLVD., Tampa
- 2811 Ponce De Leon Boulevard, Coral Gables
- 100 South East 3rd Avenue, Fort Lauderdale
- 11780 U.S. Highway 1, North Palm Beach
New York · 4 listed addresses
- 85 Broad Street, 22nd Floor, New YorkHQ
- 666 3rd Avenue, New York
- 777 Third Avenue, New York
- 2 Jericho Plaza, Jericho
California · 3 listed addresses
- 10880 Wilshire Boulevard, Los Angeles
- 580 California Street, San Francisco
- 620 Newport Center Drive, Newport Beach
Michigan · 2 listed addresses
- 950 Trade Centre Way, Portage
- 385 S. Eton Street, Birmingham
New Jersey · 2 listed addresses
- 200 Park Avenue, Florham Park
- 3 Harding Road, Red Bank
Texas · 2 listed addresses
- 711 Louisiana Street, Houston
- 13455 Noel Road, Two Galleria Tower, Dallas
Washington · 2 listed addresses
- 500 108th Avenue Ne, Bellevue
- 701 Pike Street, Seattle
Connecticut · 1 listed address
- 263 Tresser BLVD, Stamford
District of Columbia · 1 listed address
- 1801 K Street NW, Washington
Georgia · 1 listed address
- Phipps Tower-3438 Peachtree RD Ne, Atlanta
Illinois · 1 listed address
- 500 West Madison, Chicago
Massachusetts · 1 listed address
- 255 State Street, Boston
Missouri · 1 listed address
- One North Brentwood Boulevard, ST. Louis
Pennsylvania · 1 listed address
- 2700 Kelly Road, Warrington
Registration details
- Legal name
- Oppenheimer & Co. Inc.
- Headquarters
- 85 Broad Street, 22nd Floor, New York, NY 10004
- Phone
- 212-668-8000
- Website
- www.oppenheimer.com
- SEC file
- 801-887
- Structure
- New York corporation
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Oppenheimer & have?
Oppenheimer & has 39,036 clients and manages $36.7 billion for them, as of September 2026. They include 35,818 other individuals, 1,229 high-net-worth individuals and 1,214 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 September 2026
What services does Oppenheimer & offer?
Oppenheimer & provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Oppenheimer & use?
Oppenheimer &’s separately managed account assets are held at Oppenheimer & Co. Inc. (New York, NY), with $26,337,270,635. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 September 2026
How many financial advisors does Oppenheimer & have?
Oppenheimer & has 1,135 investment adviser representatives registered with state securities authorities, out of 2,806 employees, and 1,219 perform investment advisory functions. 1,764 are registered representatives of a broker-dealer and 675 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Oppenheimer & invest in?
At the end of its last fiscal year, Oppenheimer &’s separately managed accounts held 57% registered funds (mutual funds, ETFs, BDCs), 30% exchange-traded equities, 3% U.S. government and agency bonds, 3% investment grade corporate bonds, 3% limited partnerships, equity backed units, cmo, mbs., 2% cash and equivalents, 1% state and local bonds and 1% derivatives. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Oppenheimer &?
Oppenheimer & is owned through a chain of holding companies by Albert Grinsfelder Lowenthal and Oppenheimer Holdings Inc. Its direct owners are Viner Finance Inc. (75% or more) and Phase II Financial Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 September 2026
How does Oppenheimer & get paid?
Oppenheimer & is paid through a percentage of assets under management, fixed fees and commissions. Its Form ADV lists no performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file