Fred Berens
Fred Berens is a registered investment advisor at Oppenheimer & CO. INC., based in Coral Gables, FL, with 60 years of industry experience. Their practice areas include Financial Planning & Coaching, High Net Worth, Retirement Planning. Their firm serves 37,605 clients with $32B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Oppenheimer offers several investment management programs with different fee structures:
- Fahnestock Asset Management (FAM): Fees up to 2.5% of your portfolio. Commissions are also charged on certain FAM accounts.
- Alpha: Clients pay brokerage commissions and ticket/handling charges on securities transactions.
- Preference: Fees up to 2.25% of your portfolio. Additional charges may apply based on trading activity.
Minimum account sizes vary depending on the program and the types of investments included in the account. The minimum annual fee for FAM and Preference accounts is $250, but this is waived if the account is at least $50,000 or household advisory accounts are at least $250,000.
Location
2811 Ponce De Leon Boulevard, Suite 900, Coral Gables, FL, 33134
Get directionsHistory
Regulatory History (7)
Customer Dispute
February 2014Customer Dispute
July 2009Regulatory
May 1998Customer Dispute
August 1991Customer Dispute
January 1984Customer Dispute
July 1982Regulatory
December 1975Other Business Activities
Fred is involved in several outside business activities, including owning commercial real estate, serving as president of Raber Corp (which owns a nursing home), and acting as a trustee for multiple trusts. He also serves as a trustee for the University of Miami and as Vice Chairman of the PBS Foundation, dedicating minimal time to each of these roles.
Employment History
Current Registrations
Oppenheimer & CO. INC.
Oppenheimer & CO. INC.Broker
Oppenheimer & CO. INC.
Previous Registrations
Wells Fargo Clearing Services, LLCBroker
Wells Fargo Clearing Services, LLC
Prudential Securities Incorporated
Prudential Securities IncorporatedBroker
Bache Halsey Stuart INC.Broker
Bache & CO IncorporatedBroker
Bache & CO., IncorporatedBroker
State Registrations22 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.