Oppenheimer & Co. Inc.

Registered investment adviser · New York, NY · CRD #249

Form ADV data as of 2026-09-01

Regulatory assets

$36.71 billion

Total accounts

39,036

Employees

2,806

Disclosure events

104

Firm details

Website: http://www.oppenheimer.com
Telephone: 212-668-8000
SEC file number: 801-887
Most recent Form ADV filing: 2026-06-23
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 17 disclosure questions answered Yes, covering 104 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Convicted of or pled guilty/no contest to a felony (past 10 years)
Charged with a felony (past 10 years)
Convicted of or pled guilty/no contest to an investment-related misdemeanor (past 10 years)
Charged with an investment-related misdemeanor (past 10 years)
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a violation of investment-related regulations or statutes
Another regulator found the firm caused a business to lose or have its authorization restricted
Another regulator entered an order in connection with investment-related activity (past 10 years)
Another regulator denied, suspended, or revoked a registration or restricted activity
A self-regulatory organization found a false statement or omission
A self-regulatory organization found a violation of its rules
A self-regulatory organization expelled, suspended, barred, or restricted the firm
Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.
A court enjoined the firm in connection with investment-related activity (past 10 years)
A court found involvement in a violation of investment-related statutes or regulations

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$14.23 billion
Non-discretionary regulatory assets under management	$22.48 billion
Total regulatory assets under management	$36.71 billion
Discretionary accounts	20,471
Non-discretionary accounts	18,565
Total accounts	39,036
Regulatory assets under management attributable to non-U.S. persons	$2.29 billion

People

Total employees (excluding clerical)	2,806
Employees performing investment advisory functions (including research)	1,219
Employees who are registered representatives of a broker-dealer	1,764
Employees registered as investment adviser representatives with a state	1,135
Employees registered as IARs for another investment adviser	5
Employees who are licensed insurance agents	675
Firms or persons who solicit advisory clients on the firm's behalf	201

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$26.34 billion
Clients for whom the firm has custody	38,316
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	Yes
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	1

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Commissions

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)

Other business activities

Broker-dealer (registered or unregistered)Insurance broker or agent

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Commodity pool operator or commodity trading advisorTrust companyInsurance company or agencyPension consultantSponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys securities from or sells securities to advisory clients (principal transactions)
Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Executes agency cross transactions involving advisory client securities
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	35,818	$16.85 billion
High net worth individuals	1,229	$5.73 billion
Pension and profit sharing plans (not the participants or government plans)	267	$459.6 million
Charitable organizations	191	$420.9 million
State or municipal government entities (including government pension plans)	1	$94,889
Insurance companies	12	$141.8 million
Corporations or other businesses not listed above	304	$2.00 billion
Other	1,214	$11.10 billion