OPPENHEIMER & CO INC

Oppenheimer & Co Inc. is a retail brokerage hedge fund firm based out of New York City. The company can trace its history back to 1950 and operates as a subsidiary of Oppenheimer Holdings Inc., its parent holding company. Oppenheimer & Co itself was created out of a 1975 restructuring of Oppenheimer that rose out of the great period of growth during the earlier decades. The company, along with Oppenheimer Capital Corporation and Oppenheimer Management Corp., would be created as operating subsidiaries. Oppenheimer & Co currently offers a variety of mutual fund advisory, securities research, asset management, and investment banking services. The company has grown from its inception to now have over 3,100 employees of which 1280 are investment professionals. Oppenheimer & Co conducts its research internally as a subsidiary and deals in stocks, options, bonds, and commodities. The company invests most heavily in the finance sector, which alone makes up over a fifth of its total asset allocations, and also invests in the health care, information technology, consumer discretionary, energy, industrials, and utilities and telecommunications sectors, among others to a lesser degree, in order of decreasing allocation. Oppenheimer & Co’s top 10 holdings make up less than a sixth of its total allocations, and the company has a turnover rate of approximately 23%. The company holds over $9.4 billion in total assets under management spread across over 18,800 accounts. Both of Oppenheimer & Co’s total number of accounts and total assets under management have been increasing in recent years with its total assets under management growing significantly from $3 billion back in 2010 to well over 3 times that amount today. The company mainly caters to individuals and high net worth individuals, each making up over a third of its client base, and also provides services to pension and profit sharing plans, pooled investment vehicles, charities, and corporations, in order of decreasing allocation.