OMEGA Management Fundamentals - Oppenheimer & Co. Inc.
OMEGA Management Fundamentals - Oppenheimer & Co. Inc.
OMEGA Management Fundamentals - Oppenheimer & Co. Inc.
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Joseph J. TiedemannSenior Director – InvestmentsSenior Portfolio Manager – <strong>OMEGA</strong> Group<strong>OMEGA</strong> <strong>Management</strong> <strong>Fundamentals</strong>
Why <strong>OMEGA</strong>Portfolio <strong>Management</strong>?
<strong>OMEGA</strong> Portfolio <strong>Management</strong> OverviewΩ The <strong>OMEGA</strong> Group is a program through <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>., thatoffers a managed money program in which experienced FinancialAdvisers act as a portfolio manager for their clients.Ω <strong>OMEGA</strong> is a personalized investment management service designed tomatch an investor’s objectives at a comfortable level of risk by workingwith an <strong>OMEGA</strong> portfolio manager.
<strong>OMEGA</strong> Portfolio Managers OverviewΩ <strong>OMEGA</strong> managers develop a client’s investment profile to identifyinvestment objectives and expectations regarding the capital markets.Ω <strong>OMEGA</strong> managers develop a target asset allocation strategy thatmatches a client’s risk/return preference to pre-established assetallocation guidelines.Ω <strong>OMEGA</strong> managers construct an investment portfolio that is activelymanaged in line with developments in the capital markets.Ω <strong>OMEGA</strong> managers review the performance of a client’s portfolio on aquarterly basis.Ω <strong>OMEGA</strong> wrap-fee arrangement is cost effective and all-inclusive.**Adopting a fee-based account program may not be suitable for all investors; anticipated individualcommission costs should be compared to anticipated annual fees.
<strong>OMEGA</strong> Portfolio ManagersClient Investment ProfileΩ Identifies investment objectives.Ω Identifies expectations/understanding of capital markets.Ω Identifies circumstances unique to the client that mayinfluence management of the portfolio.
<strong>OMEGA</strong> Portfolio ManagersTarget Asset AllocationΩ Identifies client’s risk/return preference.Ω Link’s client’s risk/return preference to appropriatelong-term asset allocation guideline
<strong>OMEGA</strong> Portfolio ManagersInvestment PortfolioΩ Reflects long-term asset allocation strategy.Ω Actively managed in line with developments inthe capital markets.
<strong>OMEGA</strong> Portfolio ManagersQuarterly Performance ReportΩΩ<strong>Co</strong>mpares investment performance of the portfolioto previously established investment objectives.Allows for any changes in the client’s situation to beincorporated into the ongoing investmentmanagement process.
The <strong>OMEGA</strong> Group Selection ProcessStep-by-Step Review ofInvestment ManagerΩStep 1: Gather Initial InformationΩStep 2: <strong>Co</strong>mmittee ReviewΩStep 3: Investment Manager InterviewΩStep 4: Review Assets Under <strong>Management</strong>ΩStep 5: Final Approval
The <strong>OMEGA</strong> Group Selection ProcessInvestment ProcessΩΩΩΩΩResearch process.Decision making processBuy and sell disciplines<strong>Co</strong>nsistent application of investment processWell articulated
The <strong>OMEGA</strong> Group Selection ProcessClient ServiceΩΩΩΩAccess<strong>Co</strong>mmunicationChemistryAverage fee and account size
The <strong>OMEGA</strong> Group Selection ProcessPerformanceΩΩΩΩ<strong>Co</strong>nsistent with stated processPeer group comparisonRisk adjusted returns<strong>Co</strong>mposite analysis
The <strong>OMEGA</strong> Group Selection ProcessOn-Going MonitoringΩΩΩΩSecurity ReviewMonthly reportAnnual committee reviewPerformance analysis
<strong>OMEGA</strong> Portfolio ManagerWrap-Fee ArrangementΩ All-inclusive.Ω Fully discloses all costs associatedwith managing the portfolio.Ω <strong>Co</strong>st effective and convenient.
<strong>OMEGA</strong> Portfolio ManagersTypes of Accounts ManagedΩ TrustsΩ FoundationsΩ <strong>Co</strong>rporationsΩ Retirement PlansΩ Individual Accounts
Investment <strong>Management</strong> Process SummaryClient’sNeeds & GoalsPerformanceMonitoring<strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>.Financial Adviser &Portfolio <strong>Management</strong>ProcessAssetMix<strong>OMEGA</strong>Manager
Important InformationThis information is intended for informational purposes only. The information provided herein is general in nature and should not be construed as arecommendation or an offer or solicitation to buy or sell any securities nor does it represent legal or tax advice. <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>., nor any ofits employees or affiliates, does not provide legal or tax advice. However, your <strong>Oppenheimer</strong> Financial Adviser will work with clients, their attorneysand their tax professionals to help ensure all of their needs are met and properly executed.The <strong>OMEGA</strong> Group is a program through <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. It offers a managed money program in which experienced Financial Advisers actas portfolio managers for their clients. Please refer to the <strong>Oppenheimer</strong> ADV Part II for information about the advisory program described herein,including program fee schedules and other fees that may apply. The <strong>Oppenheimer</strong> ADV Part II is available from your <strong>Oppenheimer</strong> FinancialAdviser.Adopting a fee-based account program may not be suitable for all investors; anticipated individual commission costs should be compared toanticipated annual fees.For further information about the products/programs available and their suitability for your portfolio, please contact your <strong>Oppenheimer</strong> FinancialAdviser. Any discussion of securities, including any hedge funds or other alternative investments should not be construed as a recommendation oran offer or solicitation to buy or sell interest in any such securities. Securities products offered or sold by <strong>Oppenheimer</strong> will not be endorsed orguaranteed by <strong>Oppenheimer</strong> and will be subject to investment risks, including the possible loss of principal invested. Alternative investments aremade available only to qualified investors and involve varying degrees of risk.<strong>Oppenheimer</strong> Asset <strong>Management</strong> <strong>Inc</strong>. (OAM) and the <strong>Oppenheimer</strong> Trust <strong>Co</strong>mpany are wholly owned subsidiaries of <strong>Oppenheimer</strong> Holdings <strong>Inc</strong>.,which also wholly owns <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong> (<strong>Oppenheimer</strong>), a registered broker/dealer and investment adviser. Securities are offered through<strong>Oppenheimer</strong>.© 2010 <strong>Oppenheimer</strong> & <strong>Co</strong>. <strong>Inc</strong>. Member of All Principal Exchanges and Member SIPC.G33092109RM210-PITCH-09