Oppenheimer & Co, a unit of New York-listed Oppenheimer Holdings, has opened an office in Kenedy, TX - a region which is seeing rapid wealth creation due to a new natural resource there.  

The firm said the development of the Eagle Ford Shale (a sedimentary rock formation) has resulted in an “economic boom,” producing jobs in the community and the creation of new wealth in the region.

“As a result of the sudden wealth in Kenedy and the surrounding communities within Karnes County, we believe residents may need an unprecedented level of financial advice ranging from short-term investment recommendations to long-term financial and estate planning solutions,” said Jeffrey Young, a senior director of investments at Oppenheimer & Co’s Houston office.

Oppenheimer & Co and its affiliates provide a range of wealth management, securities brokerage and investment banking services to high net worth individuals, local governments, businesses and other institutions.