Oppenheimer & Close, Inc. (New York)

Oppenheimer & Close, Inc. is a large advisory firm based in New York. It manages $280.4 million of regulatory assets for 264 client accounts. It has been registered with the SEC as an adviser since 2001 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.

Oppenheimer & Close: assets under management

The assets under management (AUM) of Oppenheimer & Close, Inc. is $280.4 million. The firm's AUM has grown by 494% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $274.92 million in discretionary accounts and $5.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.06 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.37 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oppenheimer & Close, Inc. 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.

Careers at Oppenheimer & Close, Inc.

Mark Healy Close has been acting as President since 1 Oct 1998. Gabriela Powell joined the executive team most recently as the Chief Compliance Officer, Vice President, Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Philip Victor Oppenheimer	President, treasurer	1 Apr 1984	50% - 75%	353146
Mark Healy Close	Director	1 Oct 1998	Other	2414261
Carl Kirby Oppenheimer	Shareholder	1 Oct 1998	Other	3139451
Mary Close Oppenheimer	Secretary	1 Oct 1998	Other	3139452
Michael William Malafronte	Analyst	1 Oct 1998	Other	2760182
Michael William Malafronte	Analyst	1 Jan 2001	Other	2760182
Shanda Lee Ghaffari	Manager	1 Jan 2001	Other	3155306
Shanda Lee Scibilia	Manager. secretery	1 Jan 2001	Other	3155306
Gabriela Powell	Shareholder	1 Nov 2001	Other	3220216
Carl Kirby Oppenheimer	President	1 Mar 2007	25% - 50%	3139451
John Jay Koller	Shareholder	1 Mar 2007	Other	2400754
Mark Healy Close	Shareholder	1 Jan 2008	Other	2414261
Mark Healy Close	Shareholder	1 Jan 2009	Other	2414261
Gabriela Powell	Chief compliance officer, vice president, secretary	1 Mar 2010	Other	3220216

Based in New York

The principal office where Oppenheimer & Close, Inc. 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.