# Oppenheimer + Close, LLC

> Oppenheimer + Close, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 1989, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 15168
- Filed as: OPPENHEIMER + CLOSE, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/15168
- AdvisorCensus page: https://advisorcensus.com/firm/oppenheimer-plus-close-llc-new-york-ny-15168

## Quick answers

**How is Oppenheimer + Close, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Oppenheimer + Close, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; performance-based fees.

**How much does Oppenheimer + Close, LLC charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Hourly rate: $450 an hour; Hourly rate: $325 an hour. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Oppenheimer + Close, LLC located?**
Oppenheimer + Close, LLC's principal office is in New York, NY, according to its Form ADV.

**Is Oppenheimer + Close, LLC registered with the SEC or a state?**
Oppenheimer + Close, LLC is an SEC-registered investment advisory firm, registered since 1989. Status as filed: Approved. CRD 15168.

**How much does Oppenheimer + Close, LLC manage?**
Oppenheimer + Close, LLC reports $93,012,013 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (96% discretionary).

**How have Oppenheimer + Close, LLC's assets and staff changed since 2021?**
In the Form ADV data for Oppenheimer + Close, LLC: Regulatory assets under management: $95,956,926 in the October 2021 data and $93,012,013 in the October 2026 data, down 3%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Oppenheimer + Close, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (65); high net worth individuals (61); pension and profit sharing plans (but not the plan participants or government pension plans) (1).

**Which custodians does Oppenheimer + Close, LLC use?**
Oppenheimer + Close, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Oppenheimer + Close, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/15168

**What changed in Oppenheimer + Close, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 5. Regulatory assets under management went from $78,685,080 to $93,012,013 (+18%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Hourly rate: $450 an hour

> In certain instances when the service we provide does not allow us to charge according to our normal fee schedule, we may charge hourly rates as follows: Philip V. Oppenheimer at $450/hour

- Hourly rate: $325 an hour

> In certain instances when the service we provide does not allow us to charge according to our normal fee schedule, we may charge hourly rates as follows: Philip V. Oppenheimer at $450/hour, Carl K. Oppenheimer and John Koller at $325/hour.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $93,012,013
- Discretionary: $89,622,206
- Non-discretionary: $3,389,807

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 65 | $12,589,826 |
| High net worth individuals | 61 | $80,422,068 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $119 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 1989 (37 years)
- Employees: 5 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CT, DC, FL, MA, NH, NJ, NY, PA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- oppvest.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $95,956,926 | 5 | March 30, 2021 |
| October 2022 | $87,618,011 | 6 | March 30, 2022 |
| October 2023 | $80,378,832 | 6 | March 29, 2023 |
| October 2024 | $82,133,121 | 6 | March 28, 2024 |
| October 2025 | $78,685,080 | 5 | July 30, 2025 |
| October 2026 | $93,012,013 | 5 | March 27, 2026 |

Regulatory assets under management: $95,956,926 in the October 2021 data and $93,012,013 in the October 2026 data, down 3%.
Total employees: 5 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 5.
- Regulatory assets under management went from $78,685,080 to $93,012,013 (+18%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Oppenheimer + Close, LLC (CRD 15168): Form ADV filing data as of October 2026.