Oppenheimer + Close, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$93,011,894
Clients
126
Advisors
5
of 5 employees
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
Expertise
Occupation focus
Fee options
$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
Philip V. Oppenheimer at $450/hour, Carl K. Oppenheimer and John Koller at $325/hour
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
119 W 57th Street, Suite 1515
New York NY 10019-2303
Advisors at this office
5
Most active in
Arizona · California · Connecticut · District of Columbia · Florida · Massachusetts · New Hampshire · New Jersey · New York · Pennsylvania · Texas
Also doing business as
Oppenheimer & Associates, Inc. · Oppenheimer & Close, Inc. · Oppenheimer + Close, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
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:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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.
Philip O
Series 63
New York, NY
Oppenheimer + Close, LLC
Philip Oppenheimer is a financial advisor at Oppenheimer + Close, LLC in New York, NY, with 11 years of industry experience and a Series 63 designation. He has worked at Oppenheimer + Close since 2006. In addition to his advisory role, he is a managing member of OppVest, LLC, which serves as the general partner of three investment partnerships. Oppenheimer + Close provides discretionary portfolio management and financial planning to individuals, high-net-worth clients, trusts, and retirement plan participants. The firm employs a long-term value investing approach focused on fundamental research and balance-sheet strength, while also managing multiple private partnerships that pursue opportunistic strategies through affiliated pooled investment vehicles.
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.
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.
Stephen F
New York, NY
Oppenheimer + Close, LLC
Stephen Farrell Jr. is a financial advisor at Oppenheimer + Close, LLC with five years of industry experience. He has been with Oppenheimer + Close since 2016. Oppenheimer + Close provides discretionary portfolio management and financial planning to individuals, high-net-worth clients, trusts, and retirement plan participants. The firm employs a long-term value investing approach focused on fundamental research and balance-sheet strength, while also sponsoring private partnerships that pursue opportunistic strategies through affiliated pooled investment vehicles.
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