Oppenheimer Holdings Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Oppenheimer Holdings Inc. has filed its annual 10-K report for the fiscal year ended December 31, 2023.</b>

AI Summary

OPPENHEIMER HOLDINGS INC (OPY) filed a Annual Report (10-K) with the SEC on March 1, 2024. Oppenheimer Holdings Inc. filed its 10-K report for the fiscal year ending December 31, 2023. The company's principal business is Security Brokers, Dealers & Flotation Companies. Oppenheimer Holdings Inc. was formerly known as FAHNESTOCK VINER HOLDINGS INC. The company is incorporated in Delaware. The filing was made on March 1, 2024.

Why It Matters

For investors and stakeholders tracking OPPENHEIMER HOLDINGS INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Oppenheimer Holdings Inc.'s financial performance and business operations for the fiscal year 2023, crucial for investors and stakeholders to assess the company's health and future prospects. The filing details the company's status as a Security Broker, Dealer & Flotation Company, indicating its core business activities and market position within the financial services industry.

Risk Assessment

Risk Level: medium — OPPENHEIMER HOLDINGS INC shows moderate risk based on this filing. The company's business is within the Security Brokers, Dealers & Flotation Companies sector, which is subject to significant regulatory oversight and market volatility, as indicated by its SIC code and the nature of financial services.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Oppenheimer Holdings Inc.'s performance and potential challenges in the current market environment.

Key Numbers

• 2023-12-31 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
• 2024-03-01 — Filing Date (FILED AS OF DATE)
• 6211 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)
• 001-12043 — SEC File Number (SEC FILE NUMBER)

Key Players & Entities

• OPPENHEIMER HOLDINGS INC (company) — COMPANY CONFORMED NAME
• 0000791963 (company) — CENTRAL INDEX KEY
• 6211 (company) — STANDARD INDUSTRIAL CLASSIFICATION
• DE (company) — STATE OF INCORPORATION
• FAHNESTOCK VINER HOLDINGS INC (company) — FORMER COMPANY
• 212-825-4331 (company) — BUSINESS PHONE
• 2023-12-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-03-01 (date) — FILED AS OF DATE

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-01: Filing Date — Date the 10-K report was officially submitted to the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document filed by Oppenheimer Holdings Inc. to disclose its financial health and operational details for the fiscal year 2023.)

SIC Code

Standard Industrial Classification code used to classify businesses based on their primary activity. (Indicates Oppenheimer Holdings Inc.'s core business as Security Brokers, Dealers & Flotation Companies, providing context for its industry operations.)

Key Financial Figures

• $40.18 — York Stock Exchange on June 30, 2023 of $40.18. The number of shares of the Company's
• $118.2 billion — d client assets under administration of $118.2 billion. Oppenheimer provides the following pri
• $43.9 billion — At December 31, 2023, the Company had $43.9 billion of client assets under management ("AUM

Filing Documents

• opy-20231231.htm (10-K) — 2843KB
• exhibit43descriptionofth.htm (EX-4.3) — 9KB
• opy10-kexx2112312023.htm (EX-21.1) — 5KB
• opy10-kexx2212312023.htm (EX-22.1) — 5KB
• opy10-kexx23112312023.htm (EX-23.1) — 2KB
• opy10-kexx31112312023.htm (EX-31.1) — 13KB
• opy10-kexx31212312023.htm (EX-31.2) — 12KB
• opy10-kexx32112312023.htm (EX-32.1) — 2KB
• opy10-kexx32212312023.htm (EX-32.2) — 2KB
• exhibit97comprecoverypol.htm (EX-97) — 11KB
• exhibit43descriptionofth001.jpg (GRAPHIC) — 221KB
• exhibit43descriptionofth002.jpg (GRAPHIC) — 280KB
• exhibit43descriptionofth003.jpg (GRAPHIC) — 93KB
• exhibit97comprecoverypol001.jpg (GRAPHIC) — 222KB
• exhibit97comprecoverypol002.jpg (GRAPHIC) — 224KB
• exhibit97comprecoverypol003.jpg (GRAPHIC) — 226KB
• exhibit97comprecoverypol004.jpg (GRAPHIC) — 85KB
• opy-20231231_g1.jpg (GRAPHIC) — 95KB
• 0000791963-24-000015.txt (&nbsp;) — 17015KB
• opy-20231231.xsd (EX-101.SCH) — 96KB
• opy-20231231_cal.xml (EX-101.CAL) — 178KB
• opy-20231231_def.xml (EX-101.DEF) — 463KB
• opy-20231231_lab.xml (EX-101.LAB) — 1133KB
• opy-20231231_pre.xml (EX-101.PRE) — 745KB
• opy-20231231_htm.xml (XML) — 2729KB

Signatures

Signatures 113 Table of Contents Throughout this annual report, we refer to Oppenheimer Holdings Inc., collectively with its subsidiaries, as the "Company." We refer to the directly and indirectly owned subsidiaries of Oppenheimer Holdings Inc. collectively as the "Operating Subsidiaries." PART I

BUSINESS

Item 1. BUSINESS OVERVIEW Oppenheimer Holdings Inc. ("OPY" or the "Parent"), through its Operating Subsidiaries (together, the "Company", "we", "our" or "us"), is a leading middle-market investment bank and full service broker-dealer. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity and fixed income research, market-making, trust services and investment advisory and asset management services. The Parent owns, through subsidiaries, Oppenheimer & Co. Inc. ("Oppenheimer"), a New York-based securities broker-dealer and investment adviser, Oppenheimer Asset Management Inc. and its subsidiary advisors ("OAM"), a New York-based investment adviser, Freedom Investments, Inc. ("Freedom"), a discount securities broker-dealer based in New Jersey, Oppenheimer Trust Company ("Oppenheimer Trust"), a Delaware limited purpose bank, and OPY Credit Corp. ("OPY Credit"), a New York corporation which conducts secondary trading activities related to the purchase and sale of loans, primarily on a riskless principal basis. We conduct our international businesses through Oppenheimer Europe Ltd. (United Kingdom with offices in the Isle of Jersey, Portugal, Germany and Switzerland), Oppenheimer Investments Asia Limited (Hong Kong), and Oppenheimer Israel (OPCO) Ltd. (Israel). Oppenheimer Holdings Inc. was originally incorporated under the laws of British Columbia. Pursuant to its Certificate and Articles of Incorporation, effective on May 11, 2005, the Company's legal existence was continued under the Canada Business Corporations Act. Effective May 11, 2009, the Company changed its jurisdiction of incorporation from the federal jurisdiction of Canada to the State of Delaware in the United States with the approval of its shareholders. PRIVATE CLIENT Through its Private Client Divisio

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View this 10-K filing on SEC EDGAR