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.

You can reach the main office by calling the phone number 212-489-7527 or by fax 212-489-1626. The normal business hours are 9:00am to 5:00pm on Monday - Friday.