Does anyone know anything on Oppenheimer and managerial roles?
what kind of managerial roles? Port. management, or leadership within the company?
where are they talking geographic wise? I have many friends there, pro's and cons.
Would you care to elaborate? THe impression they give is that they are a boutique investment firm with a focus on both advisor and client as it pertains to letting the advisors run their practice without the usual corporate interference or bias. In addition to that, they seem to indicate that they actually let managers manage instead of just being corporate mouthpieces.
THey seem to be willing to furnish their offices mroe upscale in an effort to at least provide the perception that they are an upscale firm copeting with the likes of Goldman, Lehman, etc. vs. the typical wirehouses like Merrill, Smith Barney, Morgan, Wachovia, et al.
I haven't seen their managed money platform or technology. I do know that they are only about 1500 strong in their number of advisors and less than 100 offices. More importantly, they seem content to remain close to that size so long as they continue profitability. The grids seem attractive for decent producers and the comp plan for managers also seems attractive.
WHat am I missing?
It's really Fahneschlock.
You say "low-end dreck." Why do you draw that conclusion? Smaller
firm? Yes. But low end dreck, doesn't appear correct. Granted people
like Meredith Whitney don't exactly help their cause. But, in
completing my due diligence, it appears that they are focusing on
customers with $3 million plus net worth and brokers producing over
$500k. That's not to say that they don't have some reps and customers
below those levels. But, it does say something about their focus.
If you could give me some reasons for your opinion, I would appreciated
it. However, if your contribution is limited to your initial blurb,
then I will assume you have minimal knowledge and can't be of much