Oppenheimer & Co. Inc. Opens Office In Nashville, Tennesee

Rhea-AI Summary

Oppenheimer & Co. Inc. has opened a new office in Nashville, Tennessee, as part of its growth initiative. Phil Hall has been appointed Branch Manager to lead the wealth management expansion in this rapidly growing market. Nashville's population grew over 20% in the last decade, making it an attractive location due to its robust economy and skilled workforce. The firm aims to leverage these dynamics to attract local talent and enhance its wealth management services, following a successful 2021 with record assets under management.

Positive

• Expansion into Nashville to tap into a rapidly growing market.
• Nashville's population increased over 20% in the last decade, indicating strong economic potential.
• Record assets under management in 2021, showing strong growth momentum.

Negative

• None.

NEW YORK, March 3, 2022 /PRNewswire/ -- Oppenheimer & Co. Inc. ("Oppenheimer") – a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) – today announced that it has opened an office in Nashville, Tennessee. The move is part of the firm's ongoing growth initiative and is consistent with its commitment to have a presence in the country's fastest-growing and most economically vibrant markets. Phil Hall, Executive Director, will be the office's Branch Manager and will lead the expansion of the firm's wealth management business in the area.

Ed Harrington, Executive Vice President of the Private Client Division said, "We are delighted to establish a presence in Nashville. The firm's comprehensive wealth management offerings and capital markets expertise is a perfect fit for the city's rapidly expanding population, burgeoning economy and deep pool of professional talent. I look forward to the firm becoming an established member of Nashville's business community in the years ahead and pledge to provide Phil with everything he needs to make this effort successful."

The Nashville metro region's population grew by more than 20% during the last decade* and according to one study, no large city had better economic growth last year.** Several top companies have a presence in the area, making it home to tens of thousands of highly skilled professionals, including many who work in financial services.

Oppenheimer plans to tap these dynamics to attract area talent that appreciates the firm's devotion to building an entrepreneurial, fully immersive culture that rewards success. Additionally, Oppenheimer is coming off a banner year in 2021 with the Private Client Division setting all-time marks for assets under management and administration. 

Mr. Harrington continued, "From the moment you arrive in Nashville, you can't help but feel a special energy and enthusiasm in the air, so I am overjoyed that Oppenheimer is now open for business in the city. The area's rich history, deeply rooted financial services community and robust economic growth make it a natural fit for Oppenheimer's ongoing growth plans. We're excited to invest resources in the city."

Mr. Hall said, "I'm thrilled to be a part of Oppenheimer's expansion into Nashville. This is a market I know well, and the firm is a great match for the current growth trajectory of the city, which, now more than ever before, has an acute need for our services."

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.

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

*Census data: Nashville metro area seized dominant share of Tennessee's population gains last decade – Nashville Business Journal

**U.S. Cities With the Most Economic Growth in 2021 – Stessa

View original content:https://www.prnewswire.com/news-releases/oppenheimer--co-inc-opens-office-in-nashville-tennesee-301494225.html

SOURCE Oppenheimer & Co. Inc.

FAQ

What recent development did Oppenheimer make in March 2022?

Oppenheimer opened a new office in Nashville, Tennessee, to expand its wealth management services.

Who is leading the Nashville office for Oppenheimer?

Phil Hall has been appointed as the Branch Manager for the Nashville office.

What is the significance of Nashville's population growth for Oppenheimer?

The population growth in Nashville, over 20% in the last decade, presents a strong market potential for Oppenheimer's services.

How did Oppenheimer perform in 2021?

Oppenheimer's Private Client Division set all-time records for assets under management in 2021.