Oppenheimer + Close focuses on long-term "value" investing, primarily in exchange-listed or over-the-counter equity securities. They use insured bank deposits and short-term Treasury issues for uninvested reserves. Oppenheimer + Close meets with clients regularly and tailors portfolios to individual needs, attempting to accommodate investment restrictions. They also provide ancillary financial planning and consultative services including asset allocation, risk management and income planning. They also manage 401(k) accounts and other assets through an arrangement with Pontera Solutions Inc.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 0.75% |
Fee is 1% per year on debt and equity and 0.5% per year on cash, certificates of deposit, short-term treasury issues and money market funds. For accounts managed through the Pontera platform (primarily 401(k)s), the fee is 0.75% per year. They also charge a 10% performance fee to certain individually managed accounts. Fees are negotiable in certain circumstances.