Oppenheimer + Close, LLC is a mid-sized advisory firm based in New York. It manages $89.24 million of regulatory assets for 163 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Connecticut, and 8 other states.
Oppenheimer + Close provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Oppenheimer + Close, LLC is $89.24 million. The firm's AUM has gone down by -68% since the beginning of its operation, and $658.52 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Oppenheimer + Close, LLC for their services and products based on a percentage of assets under management, hourly charges, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Oppenheimer + Close is high net worth individuals with 62 clients and $37.84 million of assets under management. Among the 7 most similar advisory firms, Oppenheimer + Close has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $89.24 million for 163 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Oppenheimer + Close also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Oppenheimer + Close, LLC performs its advisory services is located at 119 W 57 Th Street, New York, NY 10019 2303, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-489-7527 or by fax 212-489-1626. The normal business hours are 9:00am to 5:00pm on Monday - Friday.