The South Group - Branch Locator - Oppenheimer & Co. Inc.
The South Group - Branch Locator - Oppenheimer & Co. Inc.
The South Group - Branch Locator - Oppenheimer & Co. Inc.
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Kenneth H <strong>South</strong><br />
Managing Director – Investments<br />
Senior Portfolio Manager – OMEGA <strong>Group</strong>
<strong>The</strong> OMEGA Program<br />
<strong>The</strong> OMEGA Program offers a highly personalized approach to investment management. In this program,<br />
Ken <strong>South</strong> is your Financial Advisor and also your Portfolio Manager. OMEGA Portfolio Managers are<br />
investment professionals who have earned the OMEGA designation through years of investment management<br />
experience and professional study.<br />
<strong>The</strong> objective of the OMEGA Program is to provide clients with long-term capital appreciation, total return or<br />
current income, as consistent with a client's stated investment objectives, through broadly diversified,<br />
professionally managed accounts of quality investments. Clients may choose among Equity, Balanced or Fixed<br />
<strong>Inc</strong>ome accounts.<br />
KENNETH H SOUTH<br />
Managing Director – Investments<br />
Senior Portfolio Manager – OMEGA <strong>Group</strong><br />
Ken <strong>South</strong> started his career in 1985 at E.F. Hutton & <strong>Co</strong>mpany.<br />
He joined <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. in 2006 as a Financial Advisor<br />
and OMEGA <strong>Group</strong> Portfolio Manager. He is also a member of<br />
<strong>Oppenheimer</strong>'s 2008 Chairman's <strong>Co</strong>uncil, a prestigious recognition<br />
awarded to our top Financial Advisors.<br />
His educational background consists of a Bachelor of Science degree<br />
in Finance and a Bachelor of Arts degree in Spanish from the<br />
University of <strong>South</strong>ern California. For the last 23 years, Ken has<br />
been a guest teacher at Newport Harbor High School, where he<br />
teaches stocks and bonds to all senior economics students every<br />
semester. <strong>Co</strong>ursework includes in-depth study on the purpose,<br />
use and management of stocks, bonds, ETFs and mutual funds.<br />
He covers all aspects of both technical and fundamental analysis as<br />
well as the interpretation of the most common economic indicators.<br />
In the 1990s, Ken was a regularly scheduled commentator on the<br />
state of the economy for GEM RADIO, the “Money Radio” station<br />
of Orange <strong>Co</strong>unty; California. In 1991, he was voted Business<br />
Person of the Year by the California chapter of Phi Beta Lambda,<br />
the National Business Fraternity. In September of that year,<br />
he was the Profiled Advisor in Registered Representative,<br />
the highly recognized periodical for the retail securities industry.<br />
Ken currently lives in Newport Beach with his wife and their two<br />
children. He has served as an ocean lifeguard for the City of<br />
Newport Beach, but now spends his spare time surfing the local<br />
beaches with his son and building custom furniture.<br />
Kenneth H <strong>South</strong> • <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. • 620 Newport Center Drive, Suite 1000 • Newport Beach, CA 92660<br />
Toll Free: (888) 876-1150 • Phone: (949) 219-1032 • Fax: (949) 219-1025 • kenneth.south@opco.com<br />
Website: http://fa.opco.com/southgroup/<br />
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<strong>The</strong> OMEGA <strong>Group</strong> joins the roles of Financial Advisor<br />
and Portfolio Manager.<br />
<strong>The</strong> OMEGA Portfolio Management Process<br />
A sound investment strategy begins with an investment plan – an important<br />
bridge to your financial success. Using a systematic investment process that is<br />
highly personalized, Ken <strong>South</strong> will help you build a customized investment plan.<br />
1. <strong>The</strong> Foundation: Developing an investment profile. <strong>The</strong> investment process<br />
begins with a meeting to discuss your current financial situation and determine<br />
your needs and objectives. Ken will explain how his investment style can help<br />
fulfill those needs. A detailed Client Questionnaire, once complete, is used to<br />
develop a customized investment program. Ken will also explain his investment<br />
philosophy, strategies and method of stock selection. Once your goals and<br />
objectives are established, a personal Investment Policy Statement is written.<br />
2. <strong>The</strong> Framework: Building an asset allocation strategy. Using the information<br />
developed in Step 1, a strategic asset allocation is created, tailored to meet<br />
your specific financial needs, investment objectives and risk tolerance. A<br />
variety of asset classes is included to help mitigate overall portfolio volatility.<br />
Alternative Investments (where appropriate) 1 may also be employed. Tax<br />
implications of the fixed income portion of your portfolio will also be<br />
considered to determine if taxable or tax-free income is most advantageous.<br />
3. Solid <strong>Co</strong>nstruction: Selecting a diversified portfolio. As a Senior Portfolio<br />
Manager, Ken <strong>South</strong> focuses in constructing portfolios utilizing a number<br />
of relative strength measures. Your money will be invested in a diversified<br />
portfolio of securities specifically designed with the goal of meeting your<br />
investment objectives. Ken will manage your portfolio by diversifying<br />
between value and growth securities when appropriate. He will also<br />
monitor whether it is appropriate to own small, medium or large<br />
capitalization companies in the relative strength asset classes that are<br />
showing the leading performance. He also maintains a global perspective to<br />
ensure that these companies are benefiting from global growth trends. This<br />
core approach serves as the foundation of your asset allocation strategy.<br />
Additional diversification is sought through <strong>Oppenheimer</strong> Asset<br />
Management <strong>Inc</strong>.'s (OAM) <strong>Co</strong>nsulting <strong>Group</strong> multi-advisor program<br />
where appropriate. This can also entail the use of Alternative Investment<br />
Strategies (proper net worth verification will be determined first). <strong>The</strong><br />
<strong>Co</strong>nsulting <strong>Group</strong> will assist in this consulting role.* <strong>The</strong> <strong>Co</strong>nsulting<br />
<strong>Group</strong> also conducts due diligence and maintains an extensive database on<br />
the performance of a large number of what OAM considers to be some of<br />
the leading investment managers in the world.<br />
4. Careful Oversight: Monitoring your progress. A formal review process is<br />
used to determine if the portfolio is meeting your investment goals. Ken<br />
actively manages this process, meeting periodically to discuss portfolio<br />
performance. He will meet with clients to understand changes in their<br />
personal situations and investment objectives and also monitor your<br />
portfolio to determine that the original asset allocation decision remains<br />
appropriate and consistent with changes in your life.<br />
1 For further information about the products/programs available and their suitability for your portfolio, please contact your <strong>Oppenheimer</strong> Financial Advisor. Any discussion of securities, including<br />
any hedge funds or other alternative investments, should not be construed as a recommendation or an offer or solicitation to buy or sell interest in any such securities. Securities products offered or<br />
sold by <strong>Oppenheimer</strong> will not be endorsed or guaranteed by <strong>Oppenheimer</strong> and will be subject to investment risks, including the possible loss of principal invested. Alternative investments are made<br />
available only to qualified investors and involve varying degrees of risk.<br />
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Approach to Equity Investing<br />
Ken employs a relative strength and Dynamic Asset Level Investing (DALI)<br />
discipline to construct a core equity portfolio of both U.S. and foreign growth<br />
and value stocks from companies included in the Standard & Poor’s 500 Index,*<br />
and other like indexes throughout both the developed and emerging markets.<br />
He will also be employing Exchange Traded Funds (ETFs) to gain exposure to<br />
currencies, commodities and specialized bonds when appropriate. He utilizes<br />
Dorsey Wright's DALI sector / market relative strength analysis coupled with<br />
Investors Business Daily's CANSLIM equities to construct the equity portion of<br />
the portfolio. By employing these two overview methods, he creates his own<br />
style that he believes has the potential for significant price appreciation over a<br />
period of twelve months or longer.<br />
Ken <strong>South</strong>'s goal is for the portfolio to benefit from the cycles in which<br />
different asset classes and markets may be in favor even if the others may not.<br />
Stocks for the portfolio are evaluated using Investors Business Daily, daily graphs<br />
and a multiple security analysis framework. <strong>The</strong>se factors, along with the stock's<br />
historical performance, are combined to create a ranking for the securities in the<br />
portfolio. Regular screening using Bloomberg's DeMark count allows Ken to<br />
measure an exhaustion move for markets, sectors, individual securities and<br />
ETFs. By regular screening and monitoring of the portfolio holdings, it can be<br />
determined if the representative holdings remain within the parameters of his<br />
buy-rated screens. Securities falling outside of these parameters are sold during<br />
these continuous reviews and are replaced only with stocks meeting the purchase<br />
criteria of the model. Ken believes that over time, through this multiple<br />
discipline approach, he may reduce the risk of under-performing the benchmark<br />
index by being overweighted to the best relative strength countries, markets,<br />
sectors and, ultimately, companies.<br />
Approach to Fixed <strong>Inc</strong>ome Investing<br />
Ken utilizes a tax-sensitive, risk-averse approach to fixed income investments.<br />
His objective is to achieve consistent long-term rates of return with reduced<br />
volatility. Through fundamental and sector analysis, he identifies securities that<br />
he believes are relatively undervalued and purchases them within a framework<br />
that seeks to control risk. He orchestrates this by using individual bonds, fixed<br />
income ETFs and mutual funds. Often, these managed types of fixed income<br />
instruments provide the ability to invest in markets where individuals cannot<br />
do so efficiently. Based on the objectives of the account being managed,<br />
considerations are made for the appropriateness of foreign, taxable and taxexempt<br />
bonds. This further adds to the customization of each portfolio.<br />
Tax Efficiency<br />
While <strong>Oppenheimer</strong> does not provide tax advice, Ken believes that tax-managed<br />
performance is important for optimal investment returns. <strong>The</strong> goal for taxable<br />
accounts is to allow unrealized gains to build over the years, thereby reducing<br />
the current tax on gains, and for realized gains to be long term, wherever<br />
possible, to take advantage of the lower tax rate. <strong>The</strong> combination of these two<br />
strategies can be applied to help lower the client's tax burden.**<br />
How Our Research Process Helps You<br />
To keep current on your investments, market conditions and economic trends,<br />
Ken <strong>South</strong> relies on the research capabilities of <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>., as<br />
well as on information from a broad range of general and special interest<br />
publications, industry contracts and business media.<br />
* <strong>The</strong> Standard & Poor’s (S&P) 500 Index is an unmanaged index that tracks the performance of 500 widely held, large capitalization U.S. stocks. Individuals cannot invest directly in an index.<br />
** <strong>Oppenheimer</strong>, nor any of its employees or affiliates, does not provide legal or tax advice. However, your <strong>Oppenheimer</strong> Financial Advisor will work with clients, their attorneys and their tax<br />
professionals to help ensure all of their needs are met and properly executed.<br />
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<strong>Co</strong>mmunicating with Clients<br />
<strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. provides all OMEGA clients with traditional trade<br />
confirmations and monthly account statements. In addition, OMEGA clients<br />
receive the Quarterly Portfolio Review (QPR) of <strong>Oppenheimer</strong> Asset<br />
Management <strong>Inc</strong>.*, a cutting-edge client portfolio reporting system that<br />
provides both absolute and relative portfolio performance across managed<br />
accounts at <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. It will assist you and your Portfolio<br />
Manager in evaluating overall investment performance and in making<br />
appropriate portfolio adjustments. In addition, your Portfolio Manager will<br />
meet with you regularly to discuss portfolio performance, as well as any<br />
changes in your personal situation or investment objectives. Ken is always<br />
available for consultation by phone.<br />
<strong>The</strong> <strong>South</strong> <strong>Group</strong>’s Marketing and Client Services Team<br />
Ken <strong>South</strong> believes that clients are served by a team of professionals backed by<br />
the support of the resources and infrastructure of <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. Ken<br />
<strong>South</strong> is the Financial Advisor and OMEGA Portfolio Manager of the <strong>South</strong><br />
<strong>Group</strong>. He is assisted by the remainder of the <strong>South</strong> <strong>Group</strong>, which is comprised<br />
of Peter Jones, Senior Financial Associate, who handles brokerage reconciliation<br />
and financial transactions; Artie Dorr, Registered Financial Associate, who assists<br />
on DALI computations; and Dena <strong>South</strong>, Client Service Associate, in charge of<br />
administrative and daily client service and record keeping.<br />
About <strong>Oppenheimer</strong><br />
<strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. is a registered broker-dealer and a registered<br />
investment adviser.<br />
<strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. offers a range of asset management, securities<br />
brokerage, investment and corporate banking, and capital markets activities to<br />
private clients, corporations, institutions and governments. It employs<br />
approximately 1,300 Financial Advisors in over 85 branch offices located<br />
throughout the United States and two foreign countries. It also has investment<br />
banking operations in the U.K., Israel, and Asia.<br />
<strong>The</strong> OMEGA <strong>Group</strong> is a program through <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. It offers<br />
a managed money program in which experienced Financial Advisors act as<br />
Portfolio Managers for their clients.<br />
* <strong>Oppenheimer</strong> Asset Management <strong>Inc</strong>., a registered investment adviser, is an affiliate of <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. and is the sponsor of the Strategic Asset Review, <strong>Oppenheimer</strong> Investment Advisers,<br />
Portfolio Advisory Service and Investment Advisory Service programs.<br />
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©2009 All rights reserved. This brochure is intended for informational purposes only. All information provided and opinions expressed are subject to change without notice. No part of this brochure may be<br />
reproduced in any manner without the written permission of <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>.<br />
<strong>Oppenheimer</strong> Asset Management <strong>Inc</strong>. (“OAM”) is an indirect wholly owned subsidiary of <strong>Oppenheimer</strong> Holdings <strong>Inc</strong>., which also is the indirect parent of <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. (“<strong>Oppenheimer</strong>”).<br />
<strong>Oppenheimer</strong> is a registered investment adviser and broker-dealer that provides brokerage and advisory services. Securities are offered through <strong>Oppenheimer</strong>. Security products offered or sold by <strong>Oppenheimer</strong><br />
will not be deposits or other obligations of <strong>Oppenheimer</strong>, will not be endorsed or guaranteed by <strong>Oppenheimer</strong>, and will be subject to investment risks, including the possible loss of principal invested.<br />
<strong>Oppenheimer</strong>, nor any of its employees or affiliates, does not provide legal or tax advice. However, your <strong>Oppenheimer</strong> Financial Advisor will work with clients, their attorneys and their tax professionals to help<br />
ensure all of their needs are met and properly executed.<br />
<strong>The</strong> OMEGA <strong>Group</strong> is a program through <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. It offers a managed money program in which experienced Financial Advisors act as Portfolio Managers for their clients. Please refer to the<br />
<strong>Oppenheimer</strong> ADV Part II for information about the advisory program described herein, including program fee schedules and other fees that may apply. <strong>The</strong> <strong>Oppenheimer</strong> ADV Part II is available from your<br />
<strong>Oppenheimer</strong> Financial Advisor.<br />
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