Oppenheimer & Co. Inc. Announces Bob McCabe Joins Palm Beach Gardens Office As Branch Manager And Senior Director Of Investments

Rhea-AI Summary

Oppenheimer & Co. Inc. recently announced the appointment of Bob McCabe as Branch Manager and Senior Director of Investments at its Palm Beach Gardens office. With over 35 years of financial services experience, McCabe aims to enhance asset management and profitability. This addition strengthens the leadership team overseeing 41 advisors managing nearly $3 billion in assets. McCabe's previous roles included Managing Director at Fieldpoint Private and key positions at Morgan Stanley and Smith Barney. His extensive background positions him well to drive future growth at Oppenheimer.

Positive

• Bob McCabe's 35+ years of experience in financial services.
• Strengthening leadership at Oppenheimer's Palm Beach Gardens office.
• McCabe's proven track record in growing assets and profitability.
• The firm's East Coast Florida Complex manages nearly $3 billion in assets.

Negative

• None.

NEW YORK, Jan. 21, 2021 /PRNewswire/ -- Oppenheimer & Co. Inc. ("Oppenheimer"), a leading wealth manager, investment bank, and a subsidiary of Oppenheimer Holdings (NYSE: OPY), today announced that Bob McCabe has joined the firm as Branch Manager and Senior Director of Investments for its Palm Beach Gardens office.

With more than 35 years of financial services experience, McCabe is a seasoned industry veteran with an extensive track record of growing assets under management, boosting profitability and leading successful wealth management teams. His addition also buttresses the leadership team supporting East Coast Florida Complex Director Brian Kutsmeda, who oversees the Delray Beach, Boca Raton and Palm Beach Gardens offices. In sum, the complex includes 41 advisors who manage nearly $3 billion cumulatively. 

"Bob McCabe is exactly the type of Branch Manager that has come to define Oppenheimer, typifying the leadership, support and resources we provide to entrepreneurial-minded financial advisors," said Ed Harrington, Executive Vice President and Head of the Private Client Division at Oppenheimer. "Bob has a genuine passion for collaborating with colleagues and helping wealth management teams reach their full potential. We welcome him aboard and look forward to his future accomplishments at Oppenheimer."

McCabe joins Oppenheimer from Fieldpoint Private, a boutique wealth advisory and private banking firm, where he served as a Managing Director and Branch Manager. Prior to that, he spent nine years with Morgan Stanley, holding Complex Manager and Branch Manager positions. Mr. McCabe started his career in financial services at Smith Barney, where over the course of a successful 15-year tenure he was promoted to manage four branches throughout Palm Beach County.

"I am delighted to join Oppenheimer and lead its Palm Beach Gardens office, which I have long admired for providing outstanding service and innovative solutions to clients," McCabe said. "The team has benefited from an excellent management team, which I respect greatly. This gives me every confidence that we are in a strong position to build upon their achievements by creating positive outcomes for our advisors and their clients alike."

McCabe received his bachelor's degree from Manhattan College. He serves on the Board of Directors of the nonprofit organization Feeding South Florida and has volunteered at local nonprofits, including the Homeless Coalition of Palm Beach County, the children's organization Place of Hope, and the Vita Nova organization for homeless youth.

Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary of Oppenheimer Holdings Inc. (OPY on the New York Stock Exchange), and its affiliates provide a full range of wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses and institutions. For more information, please visit www.oppenheimer.com.

Media Contact:
Joseph Kuo / Michael Dugan
Haven Tower Group LLC
424 317 4851 or 424 317 4852
jkuo@haventower.com or mdugan@haventower.com

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SOURCE Oppenheimer & Co. Inc.

FAQ

Who is Bob McCabe and what is his role at Oppenheimer?

Bob McCabe is the newly appointed Branch Manager and Senior Director of Investments at Oppenheimer’s Palm Beach Gardens office, bringing over 35 years of experience in financial services.

What is the significance of Bob McCabe's appointment for Oppenheimer (OPY)?

McCabe's appointment is significant as it strengthens Oppenheimer's leadership, potentially enhancing asset management and profitability in the Palm Beach Gardens office.

How much do the advisors at the East Coast Florida Complex of Oppenheimer manage?

The advisors at Oppenheimer's East Coast Florida Complex manage nearly $3 billion in assets cumulatively.

What was Bob McCabe's previous position before joining Oppenheimer?

Before joining Oppenheimer, Bob McCabe was a Managing Director and Branch Manager at Fieldpoint Private.

What impact could Bob McCabe's leadership have on Oppenheimer's growth?

With his extensive background, McCabe is expected to drive growth and foster collaboration among wealth management teams at Oppenheimer.