Clients
Oppenheimer Asset Management serves 43,537 clients, 39,766 of them other individuals. The average client has about $490,000 with the firm, and high-net-worth clients hold 20% of its $21.3 billion in assets.
- Individuals39,766 clients62%
- High-net-worth individuals2,034 clients20%
- Charitable organizations252 clients4%
- Corporations and other businesses765 clients7%
- Other241 clients5%
- OtherPooled investment vehicles, Pension and profit-sharing plans, State or municipal government entities2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 39,766 | $13,124,340,470 | 61.5% | $330K |
| High-net-worth individuals | 2,034 | $4,353,333,488 | 20.4% | $2.14M |
| Pooled investment vehicles | 3 | $82,615,296 | 0.4% | $27.5M |
| Pension and profit-sharing plans | 470 | $400,868,384 | 1.9% | $853K |
| Charitable organizations | 252 | $759,690,579 | 3.6% | $3.01M |
| State or municipal government entities | 6 | $7,010,206 | 0.0% | $1.17M |
| Corporations and other businesses | 765 | $1,597,967,840 | 7.5% | $2.09M |
| Other | 241 | $1,001,270,565 | 4.7% | $4.15M |
| Total | 43,537 | $21,327,096,828 | 100% | $490K |
- Clients
- 39,766
- Regulatory AUM
- $13,124,340,470
- Share
- 61.5%
- Avg. per client
- $330K
- Clients
- 2,034
- Regulatory AUM
- $4,353,333,488
- Share
- 20.4%
- Avg. per client
- $2.14M
- Clients
- 3
- Regulatory AUM
- $82,615,296
- Share
- 0.4%
- Avg. per client
- $27.5M
- Clients
- 470
- Regulatory AUM
- $400,868,384
- Share
- 1.9%
- Avg. per client
- $853K
- Clients
- 252
- Regulatory AUM
- $759,690,579
- Share
- 3.6%
- Avg. per client
- $3.01M
- Clients
- 6
- Regulatory AUM
- $7,010,206
- Share
- 0.0%
- Avg. per client
- $1.17M
- Clients
- 765
- Regulatory AUM
- $1,597,967,840
- Share
- 7.5%
- Avg. per client
- $2.09M
- Clients
- 241
- Regulatory AUM
- $1,001,270,565
- Share
- 4.7%
- Avg. per client
- $4.15M
Total
- Clients
- 43,537
- Regulatory AUM
- $21,327,096,828
- Share
- 100%
- Avg. per client
- $490K
What it does
Oppenheimer Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and publishing newsletters. It is paid through a percentage of assets and fixed fees.
Oppenheimer Asset Management advises 3 private funds.
76.6% of assets ($16.33B across 29,095 accounts) are managed with discretion; $5.00B across 14,442 accounts are not. $21.24B sits in a wrap fee program the firm both sponsors and manages. 2% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks47%
- Exchange-traded equities43%
- Non-exchange-traded equities4%
- Funds35%
- Bonds13%
- State and local bonds6%
- Investment grade corporate bonds5%
- U.S. government and agency bonds1%
- High-yield corporate bonds1%
- Cash2%
- Other3%
- Derivatives2%
- Cmo, mlp, structured products, mortgage-backed securities1%
Custodians
Oppenheimer Asset Management’s client accounts are held mainly at Oppenheimer &, with 99% of managed assets. Oppenheimer Asset Management has custody of client assets.
- Oppenheimer &Oppenheimer & Co. Inc. · New York, NY · $21.18B99%
- All other custodians$142.3M1%
Ownership and leadership
E.A. Viner International Co. owns 75% or more of Oppenheimer Asset Management.
- Owns 75% or more of Oppenheimer Asset Management Inc.
E.A. Viner International Co.
Control person · since October 1986
- Owns 75% or more of E.A. Viner International Co.
Oppenheimer Holdings Inc
Control person · since October 1983
- Owns 50% to 75% of Oppenheimer Holdings Inc
Phase II Financial LTD
Control person · since October 1985
- Owns 75% or more of Phase II Financial LTD
Albert Grinsfelder Lowenthal
Control person · since October 1985
Leadership
- Peter CadaretPresident
- Brad Michael WatkinsSenior Vice President-CFO
- Robert Steven LowenthalCEO/Director
- Albert Grinsfelder LowenthalExecutive Chairman/Director
- Bryan McKigneyDirector
- Dennis Patrick McNamaraSecretary/Director
- Svetlana MilinaChief Legal Officer
- Mark MontuschiChief Operations Officer
- Brian RothIa-CCO
- Dominic Thomas ValentinoManaging Director - Compliance
Staff
- 129 employees
- 129 in advisory functions
- 35 state-registered reps
- 53 broker-dealer reps
- 201 soliciting firms
Reported holdings
Oppenheimer Asset Management’s reported 13F holdings total $9.63B across 1,134 positions, and the ten largest make up 17.8% of it.
- $9.63B
- Reported 13F value
- 1,134
- Positions
- 17.8%
- In the 10 largest
- +9.9%
- Value vs. prior quarter
- Goldman Sachs ETF TR · Acces Treasury3.1%
- Microsoft Corp.2.5%
- SPDR Series Trust · ST Str Blo 1 ETF2.1%
- Nvidia Corporation2.0%
- Johnson & Johnson1.5%
- JPMORGAN Chase & CO1.5%
- Amazon Com Inc.1.3%
- Apple Inc.1.3%
- Broadcom Inc.1.2%
- Chevron Corporation1.2%
Together, the ten largest are 17.8% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $9.63B is not its $21.33B in regulatory assets and does not represent any individual client's portfolio.
Fees
Oppenheimer Asset Management is paid through a percentage of assets under management and fixed fees (other than subscription fees).
Oppenheimer Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Oppenheimer Asset Management has 2 offices, with 3 listed addresses across 3 states.
Indiana · 1 listed address
- 630 West Carmel Drive, Carmel
New York · 1 listed address
- 85 Broad Street, New YorkHQ
Texas · 1 listed address
- 201 Main Street, FT. Worth
Registration details
- Legal name
- Oppenheimer Asset Management Inc.
- Headquarters
- 85 Broad Street, New York, NY 10004
- Phone
- 212-668-8000
- Website
- WWW.OPPENHEIMER.COM
- SEC file
- 801-31427
- 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 Asset Management have?
Oppenheimer Asset Management has 43,537 clients and manages $21.3 billion for them, as of September 2026. They include 39,766 other individuals, 2,034 high-net-worth individuals and 765 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 September 2026
What services does Oppenheimer Asset Management offer?
Oppenheimer Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Oppenheimer Asset Management use?
Oppenheimer Asset Management’s separately managed account assets are held at Oppenheimer & Co. Inc. (New York, NY), with $21,184,838,829. 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 Asset Management have?
Oppenheimer Asset Management has 35 investment adviser representatives registered with state securities authorities, out of 129 employees, and 129 perform investment advisory functions. 53 are registered representatives of a broker-dealer and 0 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 Asset Management invest in?
At the end of its last fiscal year, Oppenheimer Asset Management’s separately managed accounts held 43% exchange-traded equities, 35% registered funds (mutual funds, ETFs, BDCs), 6% state and local bonds, 5% investment grade corporate bonds, 4% non-exchange-traded equities, 2% derivatives, 2% cash and equivalents, 1% U.S. government and agency bonds, 1% high-yield corporate bonds and 1% cmo, mlp, structured products, mortgage-backed securities. It advises 3 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Oppenheimer Asset Management?
Oppenheimer Asset Management is owned through a chain of holding companies by Albert Grinsfelder Lowenthal. Its direct owner is E.A. Viner International Co. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 September 2026
How does Oppenheimer Asset Management get paid?
Oppenheimer Asset Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or 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