SEC-registered wealth management firm Broker-dealer affiliated
Oppenheimer & Co. Inc.
As of its Form ADV filed September 30, 2026, Oppenheimer & Co. Inc., an SEC-registered, broker-dealer affiliated wealth management firm in New York, New York, reported $36.7 billion in regulatory assets under management across 39,036 accounts, ranking #13 among all wealth firms in New York by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 249
- SEC file number
- 801-887
- Registered since
- February 9, 1955
- Latest Form ADV filing
- September 30, 2026
- Organized as
- Corporation
- Fiscal year ends
- December
- Other offices
- 109
Key figures
- Regulatory assets under management
- $36.7 billion
- Discretionary
- $14.2 billion (38.8%)
- Non-discretionary
- $22.5 billion
- Accounts
- 39,036 (20,471 discretionary)
- Clients
- 39,036, approximate as reported
- Employees
- 2,806
- Advisory staff
- 1,219 performing investment advisory functions
- Average account
- $940,432
- Asset growth, 1 year
- 13.2% (from $32.4 billion a year earlier)
- Asset growth, 3-year annual rate
- 17.5% (from $22.7 billion three years earlier)
- Asset growth, 5-year annual rate
- 10.1% (from $22.7 billion five years earlier)
- Client growth, 1 year
- 3.8% (from 37,605)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $4.9 billion |
| October 3, 2011 | $5.6 billion |
| October 1, 2012 | $6.0 billion |
| October 1, 2013 | $11.5 billion |
| October 1, 2014 | $8.7 billion |
| October 1, 2015 | $9.4 billion |
| October 3, 2016 | $9.1 billion |
| October 2, 2017 | $9.6 billion |
| October 1, 2018 | $11.2 billion |
| October 1, 2019 | $10.6 billion |
| October 1, 2020 | $18.9 billion |
| October 4, 2021 | $22.7 billion |
| October 3, 2022 | $27.0 billion |
| October 5, 2023 | $22.7 billion |
| October 1, 2024 | $27.5 billion |
| September 2, 2025 | $32.4 billion |
| October 2, 2026 | $36.7 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| Individuals (other than high net worth) 35,818 clients | $16.8 billion | |
| Other 1,214 clients | $11.1 billion | |
| High net worth individuals 1,229 clients | $5.7 billion | |
| Corporations or other businesses 304 clients | $2.0 billion | |
| Pension and profit sharing plans 267 clients | $459.6 million | |
| Charitable organizations 191 clients | $420.9 million | |
| Insurance companies 12 clients | $141.8 million | |
| State or municipal government entities fewer than 5 clients | $94,889 |
How the firm is paid
- A percentage of assets under management
- Fixed fees
- Commissions
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Pension consulting
- Selection of other advisers
Financial planning clients (Item 5.H): 5500.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Commodity pool operator or commodity trading advisor
- Trust company
- Insurance company or agency
- Pension consultant
- Sponsor, general partner or managing member of pooled investment vehicles
Custody (Item 9)
The firm reported custody of client cash or securities, $26.3 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 1,165
- Also registered through a broker-dealer
- 1,159
- Employees who are IARs (Form ADV 5.B(3))
- 1,135
Designations held by the firm's IARs: CFP 88, CFA 54, ChFC 4.
Between 261 and 802 of the firm's 1,165 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 17 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in New York
| Firm | City | RAUM |
|---|---|---|
| First Manhattan Co. LLC | New York | $38.1 billion |
| Advice and Planning Services | New York | $37.9 billion |
| Rockefeller Capital Management | New York | $36.8 billion |
| BBR Partners, LLC | New York | $36.5 billion |
| Wealthspire Advisors | New York | $34.3 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Oppenheimer & Co. Inc. on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.oppenheimer.com
- Wealth management firms in New York
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.