Oppenheimer’s first major foray into digital place-based advertising kicked off in 2010. Partnering with office media network Captivate, the brand deployed a series of messages on flat-panel elevator displays in commercial office buildings. Srikant called the Captivate campaign a “good partnership” that helped the brand build the case for more dollars in digital place-based executions as part of its overall media budget.
The caveat was “we could not take [budget] away from digital,” she said. “As advertising executives, we have to be better at educating [our own] executives.” In other words, you can’t necessarily rob Peter to pay Paul “because it’ll water down your efficiencies.”
The Captivate full-screen campaign culminated in a number of new campaigns that all bleed together in OppenheimerFunds’ brand advertising plan.
In September 2013, digital place-based media network Office Media Network (commonly referred to as The Wall Street Journal Office Network or “WSJON,” acquired by competitor Captivate Network in April) and B2B audience-targeting platform Bizo (now owned by LinkedIn) formed a partnership to connect WSJ Office Network LCD screens to digital display ads. OppenheimerFunds was among a select handful of beta launch partners.
OppenheimerFunds sponsored a full-screen integration on WSJON, which incorporated investment factoid videos and newsbytes onto a digital signage network estimated to reach 1 million executives in their Class-A (that’s real estate lingo for “premium”) office environment.
Although an advertiser can’t retarget the executive in a traditional sense, WSJON and Bizo created a way to link LED screens in high-traffic office locales to digital display ads served on desktops in the same location via standard IP address and geofences.
“We were able to embed unique tags onsite so we were able to attribute views [to this] campaign,” Srikant said. “We pour a lot of ad dollars into online, but we found that digital ad recall was really aligned with out-of-home [WSJON ad recall was 25% to online’s 26%].” Retargeting users through Bizo’s Audience Network yielded more than 1.3 million impressions.
So far, a focus on content-centric campaigns appears to be working for the asset manager. Overall, Oppenheimer found a correlation between product engagement and financial planners who came into contact with investment insights messaging.
About 28% who engage go on to view Oppenheimer sites and properties, higher than the 12% average. The asset manager will continue to test more traditional, digital place-based and online integrations, along with custom content.