E. Magnus Oppenheim & Co. Inc. (New York)


E. Magnus Oppenheim & Co. Inc. is a mid-sized advisory firm based in New York. It manages $33.14 million of regulatory assets for 54 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Jersey and New York.

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E. Magnus Oppenheim & provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and general investment and financial advice. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

E. Magnus Oppenheim &: assets under management

The assets under management (AUM) of E. Magnus Oppenheim & Co. Inc. is $33.14 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $33.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $613.75 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay E. Magnus Oppenheim & Co. Inc. for their services and products based on a percentage of assets under management and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients E Magnus Oppenheim serves?

The only and largest group of clients of E Magnus Oppenheim is high net worth individuals with 54 clients and $33.14 million of assets under management. Among the 2 most similar advisory firms, E. Magnus Oppenheim & has the highest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $33.14 million for 54 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

E. Magnus Oppenheim & also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $150,000 for each fund.

Careers at E. Magnus Oppenheim & Co. Inc.

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

E Magnus Oppenheim has been acting as President since 1 Nov 2004. Michael Leonard Callahan joined the executive team most recently as the Interim Cco``.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
E Magnus Oppenheim President 1 Jan 1987 75% - 100% 353111
E. Magnus Oppenheim & Co. Inc. President 100% stockholder 1 Jan 1987 75% - 100% 14268
E Magnus Oppenheim President/chief compliance officer/chief executive officer 1 Nov 2004 75% - 100% 353111
Michael Leonard Callahan Interim cco`` 1 Jul 2019 Other 2533887
Paul Francis Ebert Financial and operations principal/principal operations officer 1 Jul 2019 Other 1121231

Based in New York

The principal office where E. Magnus Oppenheim & Co. Inc. performs its advisory services is located at 261 Madison Avenue / 9 Th Floor, New York, NY 10016 2303, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-983-1818. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at emagnus.com.