Oppvest, LLC (New York)

Name: Oppvest, LLC
Address: 119 West 57 Th Street, New York, NY, 10019
Telephone: 2124897527

Oppvest, LLC is a large advisory firm based in New York. It manages $154.18 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2018.

Oppvest provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Oppvest: assets under management

The assets under management (AUM) of Oppvest, LLC is $154.18 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $154.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $51.39 million each.

Oppvest has custody of $154.18 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oppvest, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Oppvest serves?

The only and largest group of clients of Oppvest is pooled investment vehicles with 3 clients and $154.18 million of assets under management. Among the 10 most similar advisory firms, Oppvest has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $154.18 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Oppvest also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Oppvest, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Philip Victor Oppenheimer	Managing member	1 Apr 1984	Other	353146
Mary Close Oppenheimer	Member	1 Oct 1998	Other	3139452
Carl Kirby Oppenheimer	Managing member	1 Mar 2007	50% - 75%	3139451
John Jay Koller	Member	1 Mar 2007	Other	2400754
Gabriela Powell	Chief compliance officer, member	1 Mar 2010	Other	3220216

Based in New York

The principal office where Oppvest, LLC performs its advisory services is located at 119 West 57 Th Street, New York, NY 10019, 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 2124897527 or by fax 2124891626. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at oppvest.com.