Oppenheimer & Co. at a Glance

The Buzz

  • "Getting stronger"
  • "Don't hear about them too much since CIBC merger"
  • "Good research firm"
  • "Mid-market focus"

About Oppenheimer & Co.

Oppenheimer & Co. is a New York City-based investment bank that provides financial services and advice to high-net-worth investors, individuals, businesses and institutions.  Oppenheimer's business is organized into four divisions: capital markets, wealth management services, Oppenheimer Asset Management and Oppenheimer Trust Company. The firm is a wholly owned subsidiary of Oppenheimer Holdings, a Canadian financial services holdings company. Neither Oppenheimer nor its parent is related to well-known OppenheimerFunds, the mutual fund management subsidiary of Massachusetts Mutual Life Insurance. 

The U.S. broker-dealer is backed by over 125 years of history. The firm's roots go back to 1881, when William Fahnestock founded Fahnestock & Co. Through over a century of expansion and merger activity, Fahnestock & Co. eventually became Fahnestock Viner Holdings, which acquired Oppenheimer's U.S. private client and asset management divisions in 2003, and changed its name to Oppenheimer Holdings. When that happened, the company's principal operating subsidiary, Fahnestock & Co., was renamed Oppenheimer & Co.  In the years that followed, Oppenheimer made two big acquisitions, McDonald Investments and UBS's Fishkill, N.Y., office, further solidifying itself as a leading financial services company.

Oppenheimer's capital markets group offers investment banking, research and trading solutions to growing companies, thriving communities and institutional investors.  Oppenheimer's bankers work across a variety of industries, including consumer, energy, finance, health care, industrials, media, telecom and technology.  The firm's public finance department works closely with cities, states and public authorities to develop efficient financing plans. 

Wealth management has financial advisors that are located in more than 90 offices across the U.S. The division provides advice on a broad range of products and services to individuals, families, corporate executives, businesses and institutions. The firm's asset management arm was founded in 1985 to help individual and institutional investors build customized investment plans based on strategic asset allocation. Oppenheimer Asset Management  provides customized professional money management through the consulting group, Oppenheimer Investment Advisers and the alternative investments group of Oppenheimer Asset Management. Oppenheimer Trust Company was established as a service to longstanding, high-net-worth clients and their families. The division provides clients with access to fiduciary services. 

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Oppenheimer & Co.

125 Broad Street
New York, NY 10004
Phone: (212) 668-8000

Stats

  • Employer Type: Public
  • Senior Managing Director, Head of U.S. Investment Banking: Robert Lowenthal
  • 2017 Employees: 3,100