Oppenheimer + Close, LLC

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Client assets under management

$93,011,894

Clients

126

48% high-net worth

Advisors

of 5 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

Low

Average account size

$738,190

About

Oppenheimer + Close provides discretionary portfolio management and related financial planning to individuals, high‑net‑worth clients, trusts, and retirement plan participants. The firm also advises and manages pooled investment vehicles through an affiliated adviser and offers held‑away ERISA participant management services via a third‑party platform.

The firm follows a long‑term value investing discipline that emphasizes fundamental, internally conducted research and balance‑sheet strength, typically concentrating in exchange‑listed equities while using insured deposits and short‑term Treasuries for uninvested reserves. Portfolios are customized to client needs and restrictions, with many clients holding similar core positions and weightings adjusted for liquidity, timing, and risk tolerance.

Oppenheimer + Close is distinctive among peer team firms for sponsoring and managing multiple private partnerships that pursue more opportunistic strategies — including the use of leverage, short positions, and derivatives — which the brochure states are implemented in the pooled vehicles rather than the long‑only separately managed accounts. The firm operates an affiliated adviser under the same management and discloses conflicts tied to recommending its own pooled vehicles and incentive‑based accounts, describing policies and trade‑allocation procedures intended to mitigate those conflicts.

Client services

Financial planning Portfolio management

Expertise

Income planning Retirement income strategy Active portfolio management

Occupation focus

Retired

Fee options

Percentage

$0+: 0.25% per annum on debt and equity $0+: 0.125% per annum on cash, certificates of deposit, short-term treasury issues and money market funds

Project-based

Philip V. Oppenheimer at $450/hour, Carl K. Oppenheimer and John Koller at $325/hour

Performance-based

10% performance fee to certain individually managed accounts; 10% performance fee for P. Oppenheimer Investment Partnership, LP; 20% performance fee for other pooled investment vehicles, subject to high-water mark

Main office location

Oppenheimer + Close, LLC

119 W 57 Th Street, Suite 1515

New York NY 10019-2303, United States

Number of offices

Most active in

Arizona · California · Connecticut · District of Columbia · Florida · Massachusetts · New Hampshire · New Jersey · New York · Pennsylvania · Texas

Disclosures

Business activities & affiliations

Is active or affiliated with:

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 212-489-7527

Advisors at this firm

Carl O

Series 63, Series 65

New York, NY

Oppenheimer + Close, LLC

Carl Oppenheimer is a financial advisor at Oppenheimer + Close, LLC with 12 years of industry experience. He holds Series 63 and Series 65 licenses and has been with Oppenheimer + Close since 2013. Outside of his advisory role, he serves as managing member of Oppvest, LLC, an investment-related business, and is an unpaid board member of Malabar Investments, LLC, an India equity manager. Oppenheimer + Close serves individuals, families, retirement-plan participants, and trusts, offering discretionary portfolio management, fiduciary advice, and coordinated financial planning. The firm employs a long-term, value-oriented investment approach focused on domestic and foreign equities, with tailored portfolios and a notable use of limited partnerships and performance-based fees.

Income planning Retirement income strategy Active portfolio management Retired

Philip O

Series 63

New York, NY

Oppenheimer + Close, LLC

Philip Oppenheimer is a financial advisor at Oppenheimer + Close, LLC with 10 years of industry experience. He holds a Series 63 designation and has been with the firm since 2013. Outside of his advisory role, he serves as a managing member, analyst, and portfolio manager of Oppvest, LLC, which is the general partner of three investment partnerships. Oppenheimer + Close serves individuals, families, retirement-plan participants, trusts, and accredited investors. The firm employs a long-term, value-oriented investment approach focused on exchange-listed domestic and foreign equities, offering discretionary portfolio management, fiduciary advice, and coordinated financial planning.

Income planning Retirement income strategy Active portfolio management Retired

John K

Series 63

New York, NY

Oppenheimer + Close, LLC

John Koller is a financial advisor at Oppenheimer + Close, LLC in New York, NY, holding a Series 63 designation with four years of industry experience. He has been with Oppenheimer + Close since 2013. Oppenheimer + Close serves individuals, families, retirement-plan participants, and trusts, including high-net-worth clients and accredited investors. The firm employs a long-term, value-oriented investment approach focused on exchange-listed equities and offers discretionary portfolio management, fiduciary retirement advice, coordinated financial planning, and management of affiliated limited-partnership funds.

Income planning Retirement income strategy Active portfolio management Retired

George J

Series 65

New York, NY

Oppenheimer + Close, LLC

George Jarvinen is a financial advisor at Oppenheimer + Close, LLC in New York, NY, holding a Series 65 designation. He has been with Oppenheimer + Close since 2021 and has prior experience with TAG Financial Institutions Group and in educational roles at St. Lawrence University and Edina High School. Oppenheimer + Close serves individuals, families, retirement-plan participants, and trusts, including high-net-worth clients and accredited investors. The firm employs a long-term, value-oriented investment approach focused on exchange-listed equities, offering discretionary portfolio management and coordinated financial planning tailored to client objectives.

Income planning Retirement income strategy Active portfolio management Retired

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