Two brothers who previously managed $300 million in assets at J.P. Morgan Chase launched an independent advisory firm called One Wealth Advisors. David Steele is the CEO and Jonathan Steele is the CIO. They were joined by a financial planner and two staffers from J.P. Morgan. The new firm is supported by Dynasty Financial Partners and works with high-net-worth individuals.
1. 12/12/2016 Two J.P.Morgan Advisers Launch Independent Firm WSJ
http://www.wsj.com/articles/twojpmorganadviserslaunchindependentfirm1441900704 1/1
Two financial advisers who managed about $300 million in client assets at J.P. Morgan
Chase & Co.’s brokerage unit have left to launch an independent advisory firm.
Brothers David and Jonathan Steele launched One Wealth Advisors in San Francisco on
Thursday with the support of platform provider Dynasty Financial Partners.
David Steele, who is also a restaurateur and music and entertainment entrepreneur, is
the firm’s chief executive, while Jonathan Steele is serving as chief investment officer of
the firm, which works with high-net-worth clients including corporate executives,
retirees, small-business owners and foundations.
Before launching the firm, David Steele was an executive director and financial adviser
with J.P. Morgan Securities, the wealth-management division of J.P. Morgan. He is 48
years old and worked at the firm since 1997.
Jonathan Steele, 42, was previously an executive director at J.P. Morgan Securities,
where he worked since 1998.
A financial planner and two staffers have also left J.P. Morgan and joined the brothers at
the new firm.
J.P. Morgan confirmed the departures.
Dynasty, which was started in 2010, provides independent adviser teams with access to a
platform for trading, clearing, research and other support services.
Write to Veronica Dagher at veronica.dagher@wsj.com
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MARKETS YOUR MONEY WEALTH ADVISER
Two J.P.Morgan Advisers Launch
Independent Firm
Brothers David and Jonathan Steele launch One Wealth Advisers in San Francisco
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Jonathan Steele, David Steele, Kevin Cohen, Alex Schmitz and Sam Stephens left J.P. Morgan Chase to form
independent advisory firm One Wealth Advisors in San Francisco. PHOTO: ALESSANDRO DESOGOS
Sept. 10, 2015 11:58 a.m. ET
By VERONICA DAGHER
