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

Core Insights - Oppenheimer & Co. Inc. is expanding its Custody and Prime Services (CAPS) platform to better serve small- and mid-sized hedge funds, investment managers, and family offices, reflecting a strategic growth phase [1][2] Group 1: CAPS Platform Expansion - The CAPS platform has integrated its Fixed Income custody business, now supporting global fixed income, equities, and listed options, indicating a response to increasing demand from emerging managers [2][3] - Launched in 2022, CAPS leverages Oppenheimer's self-clearing and custody infrastructure, focusing on high-touch, service-oriented offerings that align with the firm's strengths in fundamental research, capital markets access, and execution services [3][4] Group 2: Strategic Focus and Client Relationships - The growth of CAPS is seen as a major milestone in building a comprehensive multi-asset custody and execution platform, with a particular emphasis on deepening relationships with family offices [4][5] - Oppenheimer is committed to providing flexible, transparent, and bespoke solutions to help clients manage risk and preserve capital across generations [4][5] Group 3: Institutional Strategy - The CAPS platform is integral to Oppenheimer's long-term institutional strategy, aiming to support evolving client needs with scalable solutions that reflect the firm's institutional strengths and focus on relationships [5]