WIXLIB

A History of Tradition & Excellence

137Years of Experience2,990Experienced Professionals1,100Financial Advisors92Branch Offices32Research Analysts 86.9BAssets Under AdministrationAs of December 31, 20172

Our HistoryOppenheimer & Co. Inc.’s Origins in the 1800’sOppenheimer traces its roots back to Harris C. Fahnestock, a successful investmentbanker and financial advisor to President Abraham Lincoln. Oppenheimer & Co.Inc.’s original predecessor firm, Fahnestock & Co. Inc., was established in 1881.Surviving Downturns and Expandingthe Firm in the 1900’sDespite the Great Depression, Fahnestock & Co. Inc. continued to flourish, openedthree offices, and acquired another firm by 1937. In the 1940s Fahnestock & Co. Inc.expanded overseas into post-war Europe and established new branches in SouthAmerica. During the severe bear market of the 1970s, the Firm stood its groundand avoided being acquired or liquidated, unlike many other brokerages. The 1990ssaw mergers occur with Fahnestock, the Canadian Imperial Bank of Commerce,Oppenheimer & Co., Inc., Wood Gundy and the CIBC World Markets Corp.Growth Continues in the 2000sThe Firm took on its current name: Oppenheimer & Co. Inc. (Oppenheimer) in theearly 2000s. During the Great Recession, Oppenheimer acquired much of CIBCWorld Markets’ capital markets business, expanded into the Southeastern U.S. andgrew its capabilities in research, investment banking and fixed income.Making our Second CenturyStronger than our FirstOppenheimer continues to evolve as we look to the future. The Firm focuses asignificant amount of investment in its own technology , people, and culturewith goal of increasing our offerings and service–to make our second century ofoperations even stronger than our first.3

Oppenheimer is a leading nationalinvestment boutique with over acentury of tradition.Oppenheimer’s proud tradition of providing innovative, customizedsolutions to our clients sets us apart from our competitors.Oppenheimer is proud of its reputation as a Firm that helpsindividuals, families, corporate executives, foundations andendowments, charities, pension plans businesses and institutions.We occupy a unique position in the industry, thanks to thededication, expertise, and creativity of our people. OppenheimerFinancial Advisors draw on the extensive resources and expertise ofnearly 1,900 other professionals, including those in Equity Research,Capital Markets, and Investment Banking.Being responsive to our clients’ needs is paramount. And werecognize that investors’ needs change over time. We conduct ourbusiness with the view that trust, integrity, and transparency matter.These principles guide our Financial Advisors as they work withclients to identify comprehensive strategies.4

OurApproachOppenheimer Financial Advisors take clients through a four step process:1Information GatheringYour Financial Advisor will develop your plan through anunderstanding of your financial situation, objectives, risktolerance and other circumstances.2Analyzing and RecommendingWe help you examine your specific requirements andobjectives to determine what particular services andinvestments are suitable for you.3ImplementingWe guide you in applying the strategies in your plan byoffering you access to the extensive resources availablethrough Oppenheimer.4Monitoring and ReviewingWe continuously monitor your plan, reviewing your investmentobjectives and adjusting your portfolio as necessary.5

Oppenheimer Financial Advisorswork with clients to help themachieve their financial goalswhile staying one step ahead in arapidly changing world.At Oppenheimer, we understand that no two investors arealike and we appreciate and respect these differences.Our Financial Advisors take the time to understand the“whole picture” for each of their clients. That means listeningand asking questions. Investment strategies are only discussedafter the Financial Advisor thoroughly comprehends theclient’s needs and circumstances.6

PrivateClient ServicesWealth Management ServicesInvestment Products and ServicesOppenheimer Financial Advisors offer wealth managementstrategies tailored to clients’ unique financial objectives.This begins with an understanding of each investor’sfinancial goals, objectives, and tolerance for risk. Anasset allocation strategy is crafted, blending sophisticatedmodeling techniques with an assessment of a client’s uniquecircumstances. Once an investment plan is in place, a formalreview process ensures the plan is effectively meeting itsstated goals.Delivering objective advice and providing access to a widerange of traditional and non-traditional investment productsand services are the foundations of our business. OppenheimerFinancial Advisors work with clients to determine theappropriate approach for each client. Ranging from traditionalinvestments, including equity and fixed income securities,to more specialized products, such as separately managedaccounts and alternative investments such as hedge funds5.» Planning Services1» Trust Services2» Individual & Institutional Investment Consulting Services3- Portfolio & Institutional Analysis- Personal Investment Policy- Asset Allocation4- Investment Manager Recommendations- Portfolio Monitoring- Consolidated Reporting- Due Diligence» Retirement Services» Estate and Succession Strategies1Advisory Services (i.e.: Planning Services) are offered by Oppenheimer & Co. Inc. or OppenheimerAsset Management Inc.2Trust Services are offered by Oppenheimer Trust Company of Delaware.3Consulting Services are provided by the Consulting Group of Oppenheimer Asset Management Inc.4The use of an asset allocation does not guarantee a gain nor protect against a loss.5Alternative investments such as Hedge Funds and Fund of Funds are made available only to qualifiedinvestors and involve various degrees of risk. Specific standards must be met before investing;generally; individual investors must have a net worth of 2.0 million and entities must have assets ofat least 5 million to invest.»»»»»»Equity and Fixed Income SecuritiesEquity ResearchExchange Traded FundsOptionsMutual FundsHedge Funds5»»»»»»»»»»»»Portfolio ManagementSeparate Account ManagementRestricted and Control Stock StrategiesHedging and Monetization StrategiesInsurance and AnnuitiesRetirement Plan ServicesEmployee Stock Option PlansEmployee Stock Purchase PlansBuybacksDeferred Compensation PlansRule 10b5-1 Trading PlansCash Management7

Choice and access to high-qualityInvestment Managers enable FinancialAdvisors to dispense advice uniqueto each client’s financial needs, goalsand aspirations.Oppenheimer Financial Advisors partner with the extensive resourcesof Oppenheimer Asset Management Inc. (OAM), a premier providerof strategic investment management. This team offers Oppenheimer’sclients the ability to integrate traditional and non-traditionalportfolios into unified comprehensive plans with ready access tohighly-respected internal and external investment managers.OAM provides comprehensive investment management services tosupport our clients’ core investment strategies. OAM offers accessto broad asset classes, from core to non-traditional strategies,provided through an array of vehicles including separate accounts,unified managed accounts, mutual funds, and alternativeinvestments for qualified investors all integrated into the sameasset allocation program.8

AssetManagementOAM provides professional money management through threeintegrated groups: the Consulting Group, Oppenheimer InvestmentAdvisers (OIA) and the Alternative Investments Group.The Consulting GroupAlternative Investment GroupOppenheimer Investment AdvisersThere are thousands of availableindependent investment advisorsand mutual funds. Yet only someof them meet the standards of theOppenheimer Asset ManagementConsulting Group, and of those, stillfewer are suitable for addressing theneeds of specific investors.The Alternative Investments Group(AIG) offers qualified investorsaccess to non-traditional strategiesthat may create opportunities notavailable from traditional investmentplatforms. Furthermore, some of theseinvestments are exclusively availableat Oppenheimer.Investing with OppenheimerInvestment Advisers (OIA) providesaccess to a team of experiencedprofessionals with a common riskaverse investment philosophy and anuncommon commitment to service.The Consulting Group’s selectionprocess employs a rigorous duediligence process which includesextensive data gathering, on-siteinterviews, along with frequentcommunication, and ongoingqualitative and quantitative reviews.When used as a complement totraditional holdings, alternativeinvestments have the potential tomitigate risk and strengthen a portfoliothrough diversification.The Consulting Group approves onlythose investment advisors and mutualfunds with solid investment processesalong with strong organizationalstructures. Further, to be considered,an advisor or fund must have a recordof consistent performance and superiorclient service.While alternative investments, suchas hedge funds and private equity aresubject to special risks and are notsuitable for all investors, this assetclass may be a valuable componentof a well-balanced portfolio foreligible clients. Generally, alternativeinvestments are available only toindividual investors with net worth of 2.0 million or more, and entities withinvestable assets of at least 5 million.OIA builds portfolios only afterreaching a true understanding of aclient’s financial objective. By askingthe right questions, OIA determines themost appropriate investment strategies.OIA seeks:» Long-term competitive risk-adjustedand after-tax performance» Protection of principal duringdown markets through consistentinvestment process and rigorous selldiscipline» Asset allocation integratedwith “style-pure” investmentmanagement9

With deep industry experienceand broad product capabilities,the Oppenheimer Capital Marketsdivision is uniquely positioned tohelp clients achieve their strategicand financial goals through a varietyof market conditions.Clients have come to appreciate the depth of Capital Marketsresources and experience in corporate and public finance,research, and fixed income and equity sales and trading asthey work toward growing their businesses and building theircommunities. Oppenheimer Capital Markets professionalsprovide businesses, institutions, and high net-worth individualswith extraordinary research and order execution, as well assuperior origination capabilities.10