United States

Profile: Oppenheimer Holdings Inc (OPY.N)

OPY.N on New York Stock Exchange

14 Dec 2017
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Oppenheimer Holdings Inc., incorporated on May 11, 2009, is a middle-market investment bank and service broker-dealer. The Company is engaged in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), research, market-making, trust services, and investment advisory and asset management services. The Company's segments are Private Client, Asset Management, Capital Markets, Commercial Mortgage Banking and Corporate/Other. The Company's subsidiaries include Oppenheimer & Co. Inc. (Oppenheimer), Oppenheimer Asset Management (OAM), Freedom Investments, Inc. (Freedom), Oppenheimer Trust Company (Oppenheimer Trust), OPY Credit Corp. and Oppenheimer Multifamily Housing & Healthcare Finance, Inc. (OMHHF). The Company's international businesses are carried on through Oppenheimer Europe Ltd. (United Kingdom), Oppenheimer Investments Asia Ltd. (Hong Kong) and Oppenheimer Israel (OPCO) Ltd. (Israel).

Private Client

The Company's Private Client segment provides an array of financial services through a network of approximately 1,230 financial advisors in over 80 offices located throughout the United States. Clients include high-net-worth individuals and families, corporate executives, and small and mid-sized businesses. Clients may choose a range of ways to establish a relationship and conduct business, including brokerage accounts with transaction-based pricing and/or investment advisory accounts with asset-based fee pricing. The Company's Private Client services include Full-Service Brokerage, Wealth Planning and Margin Lending. Full-service brokerage covers an array of investment alternatives, including exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds and unit investment trusts. Wealth planning services include asset management, individual and corporate retirement solutions, including insurance and annuity products, Individual Retirement Accounts (IRAs) and 401(k) plans, the United States stock plan services to corporate executives and businesses, education savings programs, and trust and fiduciary services to individual and corporate clients. Margin Lending includes credit to its customers, collateralized by securities and cash in the customer's account, for a portion of the purchase price, and receives income from interest charged on such extensions of credit.

Asset Management

The Company's Asset Management segment offers a range of investment advisory, portfolio management and financial planning services to its retail and institutional clients through third-party distribution channels. Clients include high-net-worth individuals and families, foundations and endowments, insurance companies, and trust and pension funds. Investment management capabilities include equity, fixed income, balanced and alternative investments, which are offered through vehicles, such as privately managed accounts, and retail and institutional separate accounts.

The Company provides clients with over three wrap fee-based programs: Investment Advisory Services, through which clients may select among those managers approved by the Company; Strategic Asset Review, through which clients may select among those managers available, and Unified Managed Account, which allows multiple investment managers, mutual funds and exchange traded funds (ETFs) to be combined in a single custodial account. The Company offers a fee-based mutual fund program, Portfolio Advisory Services, where clients may choose long-term strategic asset allocation programs among mutual funds approved by the Company.

Oppenheimer Investment Advisors offers internal portfolio managers servicing high-net-worth individuals, retirement plans, endowments, foundations and trusts using both taxable and non-taxable fixed income strategies. Through its Omega and Fahnestock Asset Management programs, the Company offers discretionary fee-based investment programs managed by Oppenheimer advisors with a client-focused approach to money management, servicing high-net-worth individuals, families, endowments and foundations, and institutions. In addition, the Alpha programs offer similar services as a commission-based program. Under Oppenheimer's Preference Program, Oppenheimer provides non-discretionary investment advisory services to high-net-worth individuals and families who pay an advisory fee on a quarterly basis. The program includes features, such as initial portfolio consultation, quarterly performance reporting and periodic consultation. Oppenheimer Investment Management, LLC (OIM) provides fixed income management and solutions to institutional investors, including Taft-Hartley funds, public pension funds, corporate pension funds, insurance companies, and foundations and endowments. The Company also offers high-net-worth and institutional investors the opportunity to participate in a range of non-traditional investment strategies. Strategies include single manager hedge funds, fund of funds and private equity vehicles.

Capital Markets

The Company's Capital Markets segment includes investment banking, institutional equities sales, trading, and research, taxable fixed income sales, trading, and research, public finance and municipal trading, as well as the Company's operations in the United Kingdom, Hong Kong and Israel. Oppenheimer's investment banking division provides advisory services and capital markets products to emerging growth and middle market businesses. The Company also advises buyers and sellers on sales, divestitures, mergers, acquisitions, tender offers, privatizations, restructurings, spin-offs and joint ventures. Oppenheimer provides capital raising solutions for corporate clients through initial public offerings, follow-on offerings, equity-linked offerings, private investments in public entities, and private placements. The Company offers a range of debt financing for emerging growth and middle market companies and financial sponsors.

Commercial Mortgage Banking

Through OMHHF, the Company is engaged in the business of originating and servicing Federal Housing Administration (FHA) insured multifamily and healthcare facility loans and securitizing these loans into Government National Mortgage Association (GNMA) mortgage-backed securities. OMHHF also offers mortgage services to developers of commercial properties, including apartments, elderly housing and nursing homes that satisfy FHA criteria. OMHHF maintains a mortgage servicing portfolio for, which it provides an array of services, including the collection of mortgage payments from mortgagors, which are passed on to the mortgage holders, construction loan management and asset management.

Company Address

Oppenheimer Holdings Inc

85 Broad St Fl 22
NEW YORK   NY   10004-2434
P: +1212.8254331
F: +1302.6365454

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