OPR Investment Services

The firm operates through a partnership structure where senior advisors hold equity, making investment decisions through a centralized investment committee rather than a single named CIO. The committee constructs model portfolios that are then customized for each family's tax situation and liquidity needs. The firm does not publicly list its partners or committee members.

The firm uses a direct indexing approach for equity exposure—buying individual securities to replicate an index rather than holding a fund—which allows for active tax-loss harvesting at the lot level. Fixed income is managed through laddered individual bonds, and alternatives are accessed via fund commitments and occasional direct co-investments. This structure gives the firm precise control over realized gains, a critical priority for families with large embedded capital gains in existing positions.

OPR is a registered investment advisor that functions as a multi-family office, serving several unrelated wealthy families on a fiduciary basis. Unlike a single family office serving one patriarch, OPR aggregates multiple families to share research, due diligence, and administrative costs. The firm is compensated solely through advisory fees charged to clients and does not sell proprietary products.

The firm allocates to both fund commitments and direct deals. For private equity, venture capital, and private credit, the firm typically accesses these asset classes through curated fund commitments to established managers. Where a family has specific sector expertise or a direct relationship with a sponsor, the firm will facilitate and diligence direct co-investment opportunities. The firm does not sponsor its own funds.

As a fee-only RIA, the firm does not accept commissions, placement fees, or revenue-sharing from product providers. Standard public filings indicate the firm charges a percentage of assets under management, with fees that typically decline at higher asset thresholds for large family relationships. Specific billing structures are negotiated individually and disclosed in each family's advisory agreement.

Yes, the firm advises on both donor-advised fund accounts and private foundation structures as part of its integrated family office service. Administrative support for grant-making and foundation compliance is handled separately from the core investment advisory mandate, with client families retaining legal ownership and control of their charitable vehicles.

The firm evaluates co-investment opportunities on a deal-by-deal basis, typically only when a family's existing fund manager offers a pro-rata co-investment right. OPR does not operate a formal co-investment club or pool capital across its client base for direct deals; each family makes its own allocation decision. The firm's role is to provide due diligence support and negotiate fee terms where applicable.