Oppenheimer Enhances CAPS Platform to Cater to Growing Demand from Emerging Fund Managers

Oppenheimer Expands CAPS Platform to Serve Emerging Fund Managers

Oppenheimer & Co. Inc., a prominent player in the investment banking and wealth management sectors, has officially announced the expansion of its Custody and Prime Services (CAPS) platform. This development is a response to the increasing demands from small- and mid-sized hedge funds, investment managers, and family offices for tailored financial solutions. Following its launch in 2022, CAPS has made significant strides to become a multi-asset platform aimed at supporting global fixed income, equities, and listed options.

The growth trajectory of CAPS is indicative of the firm’s strategic commitment to enhancing the financial landscape for emerging managers. By integrating its Fixed Income custody business, Oppenheimer positions CAPS as a comprehensive platform that not only focuses on transparency but also offers customizable solutions catered to the specific needs of its clients. This initiative reflects the firm's dedication to building strong relationships and offering high-touch service, which have become vital in an increasingly competitive market.

According to Dan Weingarten, Managing Director and Head of Custody and Prime Services, the development and integration of CAPS signify a pivotal moment for Oppenheimer. He stated, “This milestone demonstrates our commitment to creating a complete, multi-asset custody and execution platform that aligns with market needs.” The firm is particularly focused on enhancing its ties with family offices, ensuring they have the flexibility and bespoke solutions required to manage risks and safeguard capital over generations. By emphasizing flexibility, transparency, and a deep understanding of client needs, Oppenheimer aims to set itself apart in a saturated marketplace.

Moreover, Oppenheimer has proactively strengthened its talent pool by adding senior professionals in client services and expanding internal teams dedicated to the CAPS initiative. This step is aimed at bolstering client acquisition and stimulating business development efforts within the platform, thereby ensuring the firm remains competitive as the custody and prime services landscape evolves.

John Hellier, Senior Managing Director and Head of Equities at Oppenheimer, reiterated the importance of the CAPS platform in the firm’s long-term institutional strategy. He remarked, “Our priority is to serve our clients’ needs with thoughtful and scalable solutions that reflect our institutional strengths and our long-standing focus on relationships.” This insight underscores Oppenheimer’s commitment to providing its clients with not only a platform but also a promise of excellence, driven by a service-oriented approach.

With its rich history of providing comprehensive financial services, including wealth management and securities brokerage, the expansion of CAPS is positioned to meet the evolving needs of an emerging market. The firm aims to deliver innovative solutions that are considerate of client demands, ultimately leading to stronger partnerships and a more resilient investment landscape.

As Oppenheimer & Co. continues to develop its CAPS platform, it stands ready to fulfill the growing requirements of its diverse clientele. The firm’s efforts are a testament to a broader trend within the financial sector, where adaptable, customer-centric solutions are becoming the norm rather than the exception, paving the way for a new era in investment management services.