Oppenheimer Expands Custody and Prime Services (CAPS) Platform to Meet Growing Demand from Emerging Managers

Rhea-AI Summary

Oppenheimer (NYSE: OPY) has announced a significant expansion of its Custody and Prime Services (CAPS) platform to better serve small and mid-sized hedge funds, investment managers, and family offices. The expansion integrates the firm's Fixed Income custody business, transforming CAPS into a comprehensive multi-asset platform supporting global fixed income, equities, and listed options.

Originally launched in 2022, CAPS leverages Oppenheimer's self-clearing and custody infrastructure to provide high-touch services aligned with the firm's core strengths in research, capital markets access, and execution services. The company has also strengthened its team by adding senior talent in client services and expanding internal staff dedicated to CAPS business development.

Positive

• Integration of Fixed Income custody business creates comprehensive multi-asset platform
• Strategic expansion to capture growing demand from emerging managers
• Addition of senior talent and expanded internal staff for business development
• Platform enhancement leverages existing infrastructure and core strengths

Negative

• None.

News Market Reaction

-2.56%

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-2.56% News Effect

On the day this news was published, OPY declined 2.56%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Firm strengthens multi-asset infrastructure and adds senior talent as part of next phase of strategic growth

NEW YORK, Sept. 30, 2025 /PRNewswire/ -- Oppenheimer & Co. Inc. -- a leading investment bank, wealth manager and subsidiary of Oppenheimer Holdings (NYSE: OPY) -- today announced the expansion of its Custody and Prime Services (CAPS) platform, designed to better serve the evolving needs of small- and mid-sized hedge funds, investment managers, and family offices.

As part of this expansion, the firm has integrated its Fixed Income custody business, positioning CAPS as a fully multi-asset platform supporting global fixed income, equities, and listed options. This growth underscores accelerating demand from emerging managers and reflects Oppenheimer's commitment to providing transparent, customizable, and relationship-led solutions.

Launched in 2022, CAPS was created to strategically leverage Oppenheimer's self-clearing and custody infrastructure, providing a high-touch, service-oriented offering that aligns with the firm's core strengths: fundamental research, capital markets access, and execution services. Intentionally focused and risk-conscious, the platform is designed for clients seeking high-touch custody and execution support.

"The growth and integration of CAPS marks a major milestone in our effort to build a truly comprehensive, multi-asset custody and execution platform," said Dan Weingarten, Managing Director and Head of Custody and Prime Services. "After years of deliberate internal investment and close collaboration with early clients, we're now entering an exciting phase of growth. We're particularly focused on deepening relationships with family offices -- providing the flexibility, transparency, and bespoke solutions they need to manage risk and preserve capital across generations."

With the foundational build-out complete, Oppenheimer has added senior talent in client services and expanded internal staff dedicated to the business to lead client acquisition and business development efforts within CAPS.

"The CAPS platform is a key part of our long-term institutional strategy," said John Hellier, Senior Managing Director and Head of Equities at Oppenheimer. "As the custody and prime services landscape evolves, we're committed to supporting our clients' needs with thoughtful, scalable solutions that reflect our institutional strengths and long-standing focus on relationships."

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

View original content:https://www.prnewswire.com/news-releases/oppenheimer-expands-custody-and-prime-services-caps-platform-to-meet-growing-demand-from-emerging-managers-302570420.html

SOURCE Oppenheimer & Co. Inc.

FAQ

What is Oppenheimer's CAPS platform and when was it launched?

Oppenheimer's CAPS (Custody and Prime Services) platform was launched in 2022 to provide custody and execution services to small and mid-sized hedge funds, investment managers, and family offices.

How has Oppenheimer expanded its CAPS platform in 2025?

Oppenheimer has integrated its Fixed Income custody business into CAPS, creating a multi-asset platform that supports global fixed income, equities, and listed options.

Who is the target market for Oppenheimer's expanded CAPS platform?

The platform targets small- and mid-sized hedge funds, investment managers, and family offices seeking high-touch custody and execution support.

Who leads Oppenheimer's CAPS platform?

Dan Weingarten serves as Managing Director and Head of Custody and Prime Services at Oppenheimer.

What services does Oppenheimer's CAPS platform provide?

CAPS provides transparent, customizable custody and execution services, fundamental research, capital markets access, and high-touch support for institutional clients.