Services and clients
Oppenheimer & Co. provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Financial planning was provided to 5,500 clients last fiscal year.
Clients
Oppenheimer & Co. reports 39,036 clients. They include 35,818 other individual clients, 1,229 high-net-worth individuals and 1,214 other clients.
AUM per wealth client averages the assets reported for individuals and high-net-worth individuals over their reported client counts. It excludes institutional clients.
- Individuals (other than HNW)35,818 clients$16.85B in assets
- High-net-worth individuals1,229 clients$5.73B in assets
- Pension and profit-sharing plans267 clients$459.6M in assets
- Charitable organizations191 clients$420.9M in assets
- State or municipal government entities1 client$95K in assets
- Other client types1,530 clients$13.25B in assetsInsurance companies; Corporations and other businesses; Other
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | 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 | Fewer than 5 | $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% | — |
- Clients
- 35,818
- Regulatory AUM
- $16,849,946,908
- AUM share
- 45.9%
- Avg. per client
- $470K
- Clients
- 1,229
- Regulatory AUM
- $5,732,597,743
- AUM share
- 15.6%
- Avg. per client
- $4.66M
- Clients
- 267
- Regulatory AUM
- $459,588,809
- AUM share
- 1.3%
- Avg. per client
- $1.72M
- Clients
- 191
- Regulatory AUM
- $420,885,664
- AUM share
- 1.1%
- Avg. per client
- $2.20M
- Clients
- Fewer than 5
- Regulatory AUM
- $94,889
- AUM share
- 0.0%
- Avg. per client
- $95K
- Clients
- 12
- Regulatory AUM
- $141,814,586
- AUM share
- 0.4%
- Avg. per client
- $11.8M
- Clients
- 304
- Regulatory AUM
- $2,001,921,662
- AUM share
- 5.5%
- Avg. per client
- $6.59M
- Clients
- 1,214
- Regulatory AUM
- $11,103,855,487
- AUM share
- 30.2%
- Avg. per client
- $9.15M
Total
- Clients
- 39,036
- Regulatory AUM
- $36,710,705,748
- AUM share
- 100%
- Avg. per client
- —
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.
Additional activity details
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 5500
Fees and minimums
Oppenheimer & Co. is paid through a percentage of assets under management, fixed fees (other than subscription fees) and commissions.
Rates and terms vary by program. See the SEC brochures and fee pages for each schedule.
- OPPENHEIMER & CO. INC. PART 2A APPENDIX 1
- Submitted 30 September 2026
- OPPENHEIMER & CO. INC. PART 2A OF FORM ADV
- Submitted 30 September 2026
Oppenheimer’s wrap-program fees are negotiable and vary with account type, size, services and program. The brochure lists program-specific maximum fees and minimum accounts, with a minimum annual fee subject to account and household-size exceptions. Consult its fee table for the applicable program; this summary does not reproduce every fee entry.
Oppenheimer’s consulting and retirement-service fees depend on the account and services, with asset-based or annual dollar-payment options. Payment can be monthly, quarterly or annual, in advance or arrears, with prorated refunds of advance fees upon cancellation. Consult this brochure’s program schedules; this summary does not reproduce every fee entry.
Oppenheimer FAM, Alpha, Preference and Preference Retirement programs
FAM, Alpha, Preference and Preference Retirement use distinct advisory-fee or commission arrangements. The brochure lists program maximums and account minimums; certain FAM and high-activity Preference accounts can incur additional transaction charges. Negotiated terms and program-specific billing rules apply.
Oppenheimer Financial Planning Services
Oppenheimer financial-planning fees depend on plan complexity and may be negotiated with the Financial Advisor. A goals-based plan may have a fee, and the advisor must submit fee requests for review and approval before charging.
Fee details and sources
OPPENHEIMER & CO. INC. PART 2A OF FORM ADV, submitted 30 September 2026.
Brochure and fee pagesOPPENHEIMER & CO. INC. PART 2A APPENDIX 1, submitted 30 September 2026.
Brochure and fee pagesOwnership and people
Viner Finance Inc. owns 75% or more of Oppenheimer & Co..
- 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
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
Investments and reported holdings
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 & Co.’s named custodians for separately managed accounts include Oppenheimer & Co. ($26,337,270,635). Oppenheimer & Co. has custody of $26.34B for 38,316 clients.
- Oppenheimer & Co. Inc.New York, NY
- $26,337,270,635
Offices and registration details
Besides its headquarters, Oppenheimer & Co. 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
- SEC file
- 801-887
- Structure
- New York corporation
- Fiscal year end
- December
- State notice filings
- 53 jurisdictions, most recently 23 February 2021
Notice filing jurisdictions
- Alabama
- Notice Filed · 10 January 2003
- Alaska
- Notice Filed · 10 January 2003
- Arizona
- Notice Filed · 19 April 2002
- Arkansas
- Notice Filed · 10 January 2003
- California
- Notice Filed · 8 July 1997
- Colorado
- Notice Filed · 10 January 2003
- Connecticut
- Notice Filed · 8 December 1998
- Delaware
- Notice Filed · 5 September 2003
- District of Columbia
- Notice Filed · 10 January 2003
- Florida
- Notice Filed · 13 February 1990
- Georgia
- Notice Filed · 10 January 2003
- Hawaii
- Notice Filed · 10 January 2003
- Idaho
- Notice Filed · 10 January 2003
- Illinois
- Notice Filed · 19 January 1989
- Indiana
- Notice Filed · 10 January 2003
- Iowa
- Notice Filed · 10 January 2003
- Kansas
- Notice Filed · 10 January 2003
- Kentucky
- Notice Filed · 10 January 2003
- Louisiana
- Notice Filed · 5 October 2001
- Maine
- Notice Filed · 11 November 1994
- Maryland
- Notice Filed · 10 January 2003
- Massachusetts
- Notice Filed · 12 May 1994
- Michigan
- Notice Filed · 10 January 2003
- Minnesota
- Notice Filed · 10 January 2003
- Mississippi
- Notice Filed · 10 January 2003
- Missouri
- Notice Filed · 10 January 2003
- Montana
- Notice Filed · 10 January 2003
- Nebraska
- Notice Filed · 10 January 2003
- Nevada
- Notice Filed · 15 January 1998
- New Hampshire
- Notice Filed · 24 June 1992
- New Jersey
- Notice Filed · 10 January 2003
- New Mexico
- Notice Filed · 20 June 1994
- New York
- Notice Filed · 1 January 1984
- North Carolina
- Notice Filed · 8 January 2001
- North Dakota
- Notice Filed · 10 January 2003
- Ohio
- Notice Filed · 3 February 2003
- Oklahoma
- Notice Filed · 10 January 2003
- Oregon
- Notice Filed · 10 January 2003
- Pennsylvania
- Notice Filed · 2 January 2003
- Puerto Rico
- Notice Filed · 10 January 2003
- Rhode Island
- Notice Filed · 7 January 2003
- South Carolina
- Notice Filed · 10 January 2003
- South Dakota
- Notice Filed · 9 January 2003
- Tennessee
- Notice Filed · 10 January 2003
- Texas
- Notice Filed · 2 January 2003
- Utah
- Notice Filed · 10 January 2003
- Vermont
- Notice Filed · 31 December 1995
- Virgin Islands
- Notice Filed · 23 February 2021
- Virginia
- Notice Filed · 20 April 1994
- Washington
- Notice Filed · 10 January 2003
- West Virginia
- Notice Filed · 13 May 1994
- Wisconsin
- Notice Filed · 22 February 2000
- Wyoming
- Notice Filed · 10 March 2020
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 & Co. have?
Oppenheimer & Co. has 39,036 clients and manages $36.7 billion for them, as of September 2026. They include 35,818 other individual clients, 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 & Co. offer?
Oppenheimer & Co. 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 & Co. use?
Oppenheimer & Co.’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 & Co. have?
Oppenheimer & Co. 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 employees are registered representatives of a broker-dealer and 675 employees 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 & Co. invest in?
At the end of its last fiscal year, Oppenheimer & Co.’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% other, 2% cash and equivalents, 1% state and local bonds and 1% derivatives. The 3% other category is described as: Limited Partnerships, Equity Backed Units, CMO, MBS.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Oppenheimer & Co.?
Oppenheimer & Co. 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 & Co. get paid?
Oppenheimer & Co. 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