Oppenheimer Holdings Enhances CAPS Platform for Emerging Managers and Tailored Financial Solutions
- Oppenheimer expands its Custody and Prime Services platform to support small
- and mid-sized hedge funds and family offices.
- CAPS integrates Oppenheimer's Fixed Income custody, offering a multi-asset platform for enhanced client service and customization.
- The firm bolsters its client services team, reflecting a commitment to meet evolving demands in custody and prime services.
Oppenheimer Expands Custody and Prime Services Platform to Meet Emerging Manager Needs
Oppenheimer & Co. Inc., a prominent investment bank and subsidiary of Oppenheimer Holdings, announces a significant expansion of its Custody and Prime Services (CAPS) platform, targeting small- and mid-sized hedge funds, investment managers, and family offices. This strategic enhancement integrates Oppenheimer's Fixed Income custody business, transforming CAPS into a comprehensive multi-asset platform that supports global fixed income, equities, and listed options. The decision reflects a growing demand from emerging managers for transparent and customizable solutions, indicating a shift towards more personalized financial services in the investment landscape.
Launched in 2022, the CAPS platform was built on Oppenheimer's robust self-clearing and custody infrastructure, designed to deliver high-touch, service-oriented offerings. Dan Weingarten, Managing Director and Head of Custody and Prime Services, underscores the significance of this expansion as a major milestone in developing a multifaceted custody and execution platform. This initiative particularly focuses on serving family offices with tailored solutions that emphasize risk management and capital preservation. The integration of various assets into the CAPS platform positions Oppenheimer to better cater to the nuanced needs of its clients, providing them with a comprehensive suite of services that aligns with the firm's strengths in fundamental research and capital markets access.
To further bolster its capabilities, Oppenheimer enhances its client services team and increases internal staff dedicated to CAPS, aiming to drive client acquisition and business development. John Hellier, Senior Managing Director and Head of Equities, highlights that the CAPS platform is crucial to Oppenheimer's long-term institutional strategy. The firm’s commitment to scaling solutions reflects the evolving needs of clients in the custody and prime services sector, particularly as the investment landscape becomes increasingly competitive. This expansion positions Oppenheimer as a key player in meeting the demands of a diverse clientele that seeks innovative and adaptable financial solutions.
In addition to the CAPS expansion, Oppenheimer is also enhancing its internal resources, ensuring that its team is well-equipped to meet the growing demands of its client base. This strategic focus on service-oriented solutions mirrors broader trends in the financial sector, where firms are increasingly prioritizing client relationships and tailored offerings. Oppenheimer's proactive approach not only strengthens its market position but also emphasizes its commitment to understanding and responding to the unique requirements of its clients in an evolving financial environment.
Overall, Oppenheimer's development of its CAPS platform signifies a bold step toward addressing the complex needs of smaller investment entities, reinforcing its reputation as a forward-thinking institution in a competitive marketplace.