onewealth-hero

Working
as one
to secure
your future

A Singular Focus: You

About Us

One Wealth Advisors offers comprehensive financial planning and services to a diverse group of families, individuals and businesses that have attained significant levels of wealth.

As an independent firm, we are positioned to be transparent, to broaden our holistic planning options and to enhance the relationships we have with our clients. Our clients also value our commitment to proactively managing assets based on individual aspirations and values. From this foundation, One Wealth Advisors helps clients build more deeply satisfying lives based on their vision for themselves and their families.

The overarching goal of One Wealth Advisors is to be the firm that you would want to create for yourself. At One Wealth Advisors, we strive to develop a full understanding of what you want your life to be, and we create a comprehensive plan to help assure those goals are realized. Our primary objective is to help those who trust us with their wealth build more deeply satisfying lives for themselves and their families.

We believe our clients not only trust our intentions and capabilities for financial management but also trust that we engage in both their lives and with the world in a way that virtually eliminates the possibility that a detail of any consequence could be overlooked, left unattended to or forgotten. We value simplicity over complexity, are frugal with your resources, leave no detail to chance and we offer insight and creativity based on decades of experience and success. Above all, we strive to be empathetic, to understand and share your experiences and emotions regarding your life, aspirations and intentions.

Yes, you have to get us, too, to trust us with your financial resources and future, but we have to get you, on a deep level, to understand what you want, to put breath and life into our approach.

At One Wealth Advisors, we operate differently because we are, in fact, different from traditional financial management companies.
  • A Holistic Approach
    We manage portfolios with a comprehensive focus on life stages and the financial needs around them. We design all-encompassing financial plans to help you achieve your life goals rather than allow you to blindly pursue the highest relative returns.
  • Empathy and Understanding
    We provide “emotional best practices” across the financial planning and investment management spectrum. The entire team develops an intimate knowledge of your background, how you prefer to care for loved ones and how to address the full range of financial needs. Above all, we strive to share your experiences and emotions regarding your life.
  • Thorough Service Orientation
    Right from the first meeting, you receive the attention of our entire team. Throughout the partnership, we communicate regularly, execute proactively, respond rapidly, serve relentlessly.
At One Wealth Advisors, our mission is to help those who trust us with their wealth to build more deeply satisfying lives for themselves and their families. We welcome your interest in our newly independent firm and are dedicated to providing in-depth answers to any questions you may have. The following are the beginning of many conversations we look forward to enjoying with you.
  • Why did you launch an independent firm?

    We made this move to enhance our relationships with you and with all of our clients. In so doing, we have revitalized our services and reaffirmed our commitment to helping you fulfill your objectives with comprehensive wealth planning.

    As an independent entity, we broaden our holistic planning options and heighten our fiduciary role. We can now invest in areas that are specifically focused on your needs, not the unrelated needs of a large organization. On your behalf, we can now capitalize on opportunities and access resources that were previously unavailable to us. We believe open architecture provides us the latitude to make choices that are in your best interests. Both formally and legally, we reinforce our absolute fiduciary responsibilities in client relationships.

  • What are the benefits of the independent model?

    With independence, we offer a thorough and tailored approach that equips us to serve you better. We make all decisions from a multi-dimensional perspective that takes into account each and every variable in your life: your risk profile, tax situation, life objectives, lifestyle, current holdings and family makeup. We collaborate closely with your “Advisors Professional Network,” your estate attorney, accountant, tax expert and bankers as well as your executive coach, life coach, car salesman, travel agent, art consultant and any other relevant team member. It is precisely this holistic perspective that helps us ensure your goals are fulfilled in a way that reflects all aspects of your life – now and over time.

  • Does being independent change your investment strategy?

    Not at all. Our investment strategy has always been based on a profound understanding of your life and goals. That won’t change. However, our independence allows for greater flexibility, fine-tuning and agility; it also enables us to select both internal and external investment managers in our quest to meet your objectives.

    When we customize an investment platform, we begin with your financial plan and then identify the solutions and investment products that fulfill those objectives. Every recommendation we make entails rigorous due diligence in our drive to ensure it does exactly what we need it to do for you. Rather than striving to surpass short-term market benchmarks, we focus on achieving specific life goals: yours.

  • How does an independent firm provide such comprehensive services?

    Unlike traditional firms, we are not tied to a single provider. To meet both your objectives and your expectations, we now tap the diverse resources of the financial industry’s leading companies. We select and tailor the solutions that are right for you, delivering a focused, boutique-level client experience.

  • What sort of technology changes will there be?

    Independence allows us to serve you better with the latest collaborative wealth management tools. Through our new open-architecture technology platform, you have access to multiple custodial services, contact management and financial planning systems, investment analytics technologies, financial plan generation, multi-source institutional investment research, data aggregation and performance reporting systems.

  • Who are your strategic partners?

    Our independence means that we are no longer directly affiliated with JP Morgan. We now have the advantage of investing in the top-tier technologies, staff and other resources of our choice rather than the restriction of legacy systems and policies from a single firm. We are confident that this translates into more customized solutions for you.

    With the freedom to choose the strategic partners we feel meet your needs and facilitate our management most ideally, we’ve chosen those we believe are the best. If for any reason a provider no longer meets our high standards, we won’t hesitate to consider other options.

    To serve as custodian for client assets, we selected Fidelity Investments, a family managed, privately held company with more than 70 years of financial services experience. We are able to leverage the capital, resources and expertise of the Fidelity organization, one of the world’s largest financial services companies. Envestnet is a leading provider of integrated portfolio, practice management and reporting solutions. Envestnet’s open-architecture platform encompasses a broad range of institutional-quality research, investment products and advisory resources. With a mission to transform wealth management for the benefit of investors and the advisors who serve them, the firm levels the playing field by providing solutions previously available only to the institutional community.

    We use the services of Dynasty Financial Partners to automate many back-office administrative processes and free us to focus singularly on our clients. Dynasty is the industry’s leading independent advisor network and a three-time Private Asset Management Magazine Innovation Award winner. It provides fully customizable technology, end-to-end business support and unmatched access to distinctive products. Its relationships with the world’s best-in-class custodians, portfolio managers, research firms and other providers allow us to address your needs with absolute objectivity, transparency and trust.

    As the owners of our new firm, One Wealth Advisors, we are committed to forging a positive, productive, profound and long-lasting relationship so that we may help you achieve the essential goals your hold for the future.

Our Team

Kevin Cohen, David Steele, Megan Kelsey, Alexander Schmitz, Sam Stephens, and Jonathan Steele

David G. Steele

Chief Executive Officer

As Founder and CEO, David Steele sets the vision, leads strategic planning and spearheads the firm’s overall approach and business management. His career spans more than two decades of financial services experience, including portfolio management, tax planning, estate and trust planning. David has a proven track record as a successful entrepreneur and leading business owner. In addition to his role as CEO, David has a dedicated commitment to working closely with clients in order to understand their unique life stories and financial aspirations, and to hear firsthand about their experiences with One Wealth Advisors.

Prior to launching One Wealth Advisors, David founded The Steele Group, a wealth advisory practice within J.P. Morgan.

David received a Bachelor of Business Administration degree from Temple University and earned a Master of Arts degree in English Literature from San Francisco State University. He is a well-known restaurateur, having founded the Ne Timeas Restaurant Group. David is also a playwright and through his work on the board of Playground, a not-for-profit playwright incubator, he enjoys helping to provide support and opportunities to those in theatre.

Jonathan E. Steele, CFA®

Chief Investment Officer

Jonathan Steele is a certified Chartered Financial Analyst®, member of the CFA Institute1 and leads the company’s investment research and portfolio management initiatives in his role as Chief Investment Officer. Jonathan has a clear passion for serving clients and helping them achieve their financial objectives. With more than 17 years of financial services experience, he delivers a depth of investment knowledge and expertise from which clients benefit, and the ability to design a financial plan around clients’ individual life goals. As evidenced by his CFA designation, Jonathan has achieved mastery in all aspects of the financial markets, including portfolio theory, both tactical and strategic asset allocation and the growing area of behavioral finance.

Prior to launching One Wealth Advisors, he co-founded The Steele Group with his brother David at J.P. Morgan Securities.

A graduate of Temple University, Jonathan holds a Bachelor of Business Administration degree with a concentration in Economics. He resides in San Francisco with his wife, and enjoys cooking, music and cycling. Like David, Jonathan is also involved in giving back to the arts and performance community, specifically through his work as a board member for organizations that offer instruction in music and movement to Silicon Valley youth.


1 CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Alexander J. Schmitz, CFP®

Director of Financial Planning

As a CERTIFIED FINANCIAL PLANNER™1, Alex focuses on holistic financial planning for clients of One Wealth Advisors. Among other key areas, this includes planning for retirement, estate and income tax planning, reviewing insurance coverage, college education planning and ensuring that investment portfolios are optimally aligned with the specific goals of each and every client. A natural at client education and relationship building, Alex enjoys translating complex financial issues into easy-to-understand terms and answering the questions of those clients who wish to expand their knowledge within the financial arena.

Previously, Alex served as a Financial Advisor for The Steele Group at J.P. Morgan Securities. He was also a financial analyst at Schmitz Capital Partners and worked during college as an intern at Morgan Stanley.

Alex earned his Bachelor of Science degree with a concentration in Finance from the Leeds School of Business at the University of Colorado. In addition, he completed advanced coursework at New York University’s School of Continuing and Professional Studies in his pursuit to become a CFP® practitioner. A Bay Area native, Alex grew up in Mill Valley, California and is an active outdoorsman and sportsman, enjoying basketball, golf, hiking and skiing.


 1 Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial Planner™ and CFP® in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

Kevin Cohen

Director of Operations

As Director of Operations, Kevin Cohen oversees all aspects of One Wealth Advisors day-to-day operations, including client portfolio and account monitoring, new accounts and asset transfers. Client focus and satisfaction are at the heart of Kevin’s role. He is detail-oriented, with an easy-going nature that belies his dedication to anticipating client needs and to protecting clients from infrastructural or bureaucratic concerns. His colleagues refer to him as the “connective tissue” that ties their entire team together, noting that he complements their strengths, supporting their roles while expanding his own to fill in daily operational gaps whenever needed.

Prior to One Wealth Advisors, Kevin directed operations for The Steele Group at J.P. Morgan Securities and was a Margin Manager at E*Trade.

Outside of work, Kevin values time spent with his wife, son and daughter. He is actively engaged in all of his children’s’ sporting events and enjoys the outdoors with his family through hiking and visiting the coast. Kevin plays basketball and baseball and stays fit through weightlifting.

Samuel Stephens

Senior Client Associate

Sam Stephens serves as a Senior Client Associate for One Wealth Advisors, working closely with individuals and families to ensure focused attention and responsive service. Handling all aspects of account administration, research and reporting, Sam supports the investment team as he helps clients capitalize on the many additional services available to them through our firm’s resource partners.

Prior to One Wealth Advisors, Sam worked as a client service associate at J.P. Morgan Securities.  He also worked Washington Mutual and as an Assistant Branch Manager at J.P.Morgan Chase.

A graduate of the University of Oklahoma with a B.A. in Administrative Leadership, Sam currently serves as the Co-Chair for V.E.T.S (Voices for Employees That Served), a business resource group for returning veterans; he was one of the founding members of the group’s California chapter. An avid runner, Sam won his first marathon in Bahrain while serving with the U.S. Marine Corps, thereby qualifying him to run in the Boston Marathon. He and his daughter Charlotte live San Francisco, CA.

Megan Kelsey

Client Associate

Megan serves as a Client Associate for One Wealth Advisors. She supports the team by handling all account administration as well as serving as the office HR representative.
Megan also handles Corporate Communications and Marketing for One Wealth.

Prior to One Wealth, Megan worked at JP Morgan Securities as an administrative assistant.

Megan Attended Diablo Valley College and San Francisco State where she studied Biology with an emphasis in Zoology. She was actively involved in the Diablo Valley College Jazz and Chamber choirs where she traveled across the country to perform. She currently lives in Pacifica, CA with her fiancé and enjoys painting, hiking, and being outdoors.

Relentless
service and
communication

Our Approach

As an independent firm, One Wealth Advisors is optimally positioned to invest in areas that are specifically focused on your needs—not the varied, unrelated needs of a huge organization. We select the resources we believe are solely and completely in your best interests, using open-architecture technology. Both formally and legally, we uphold our absolute fiduciary responsibilities in all client relationships.
  • Client Experience
    • Deeply Personalized Service
      As an independent firm, we are free to work with any of the financial industry’s leading companies in order to provide a fully integrated plan designed to meet your specific goals—and high expectations. Unlike traditional firms, we are not tied to a single provider. We tap a broad scope of available resources, then leverage and tailor those strategies and solutions in our aim to assure a focused, boutique-level client experience.
    • Advisors Professional Network
      We make all decisions from a three-dimensional perspective, looking at each and every variable in your life and we do so from as many points of view as possible. We base decisions on a multitude of factors: top-priority considerations include your risk profile, tax situation, life objectives, lifestyle, current holdings and family makeup. We collaborate continually with what we refer to as your “Advisors Professional Network:” your estate attorney, accountant, tax expert, bankers as well as your executive coach, life coach, car salesman, travel agent, art consultant and any other relevant team member. If they are part of your Advisors Professional Network, we want to work in concert with them.
    • Innovation and Technological Sophistication

      Top-tier technology is of paramount importance in fulfilling our primary role as your trusted advisor. Our open-architecture platform equips us to provide high-touch service, tailored exclusively for you, through our close collaboration with firms such as Salesforce and Envestnet and our use of MoneyGuidePro™ and other advanced planning software.

      These wealth management tools include multiple custodial services, contact management and financial planning systems, investment analytics technologies, financial plan generation, multi-source institutional investment research, data aggregation and performance-reporting systems.

      By capitalizing on the advantages of these sophisticated financial planning innovations, we deliver broader, quicker access to investment alternatives customized to address each of your life goals.

  • Financial Planning Process
    To build a customized financial plan that will help you achieve your life goals, we begin by leading an in-depth exploration of your objectives, priorities and preferences. Based on this knowledge, we develop an appreciation of what your expected cash flows would ideally look like, either from income, inheritance or the sale of a substantial asset. We also determine what expected outflows are likely to be on a monthly, annual or short-term basis, and in terms of monumental spending decisions.
  • Investment Process & Strategy

    Understanding your life, goals and dreams in a profound way ensures that our process is driven by planning, rather than being tied to external financial considerations. We begin with the financial plan and identify strategies and solutions that meet your objectives -- not the other way around. For every recommendation, we perform exacting due diligence using Envestnet’s research and analytical tools to help ensure each vehicle does exactly what we need it to do for you.

    Our investment strategy reflects precisely a personalized, all-encompassing wealth plan tailored to your needs. To meet your objectives, we choose the appropriate blend of internal and external investment managers. Ideologically, we prefer low-cost, passive investments such as index funds over higher-cost actively managed funds, except where appropriate. When it makes sense to use active managers, we do so, but we favor low-risk investment managers over those that accept greater volatility.

    Our focus is on helping you achieve specific life goals rather than the temporal goal of beating short-term market benchmarks. We believe many traditional Wall Street financial management firms create products for marketing and profit, and although this may work for some, in our opinion this does not meet legitimate client objectives — we are a true fiduciary.

A True
Fiduciary

Resource Partners

  • Choosing the Best
    At One Wealth Advisors, we are committed to ensuring that, instead of being captive to one firm, you are “a client of Wall Street.”

    In order to select the right options for your comprehensive planning and wealth management needs, we’ve forged strategic partnerships that ensure access to many of the industry’s leading wealth management options. These include opportunities in the world’s top capital markets, advantageous lending arrangements, investment banking relationships as well as asset management, risk mitigation, estate and tax planning strategies – and much more.

    With the freedom to choose any strategic partner organizations we feel meet your needs, we’ve chosen those we believe are the best. Through them, we customize those alternatives that ensure you have an elite client experience with global-scale resources — the largest banks, financial services providers and advisory firms working for us to serve you. If for any reason, a provider no longer meets our high standards, we will consider other options.

  • Fidelity Investments

    Fidelity Investments

    We offer custodian services through Fidelity Investments, a family managed, privately held company with more than 70 years of financial services experience. Fidelity Investments is a leading provider of trading, custody and brokerage services to registered investment advisory firms, trust institutions and third-party administrators. It is able to leverage the capital, resources and expertise of the Fidelity organization, one of the world’s largest financial services companies, on behalf of our clients.

  • Envestnet

    EnvestnetEnvestnet is a leading provider of integrated portfolio, practice management and reporting solutions. Its open architecture platform encompasses a broad range of institutional-quality research, investment products and advisory resources. With a mission to transform wealth management for the benefit of investors and the advisors who serve them, the firm levels the playing field by providing solutions previously available only to the institutional community.

  • Dynasty Financial Partners

    dfp-300x128Dynasty Financial Partners is the premier integrated platform provider for the wealth management industry’s top independent advisors. We selected Dynasty because it is an established leader and innovator, assembling the operational resources, technological solutions and broad selection of products and services needed to deliver a seamless experience to our clients. As a network of independent investment firms, Dynasty enables us to leverage our collective size to secure advantageous pricing and execution. Moreover, Dynasty allows us to preserve our autonomy, flexibility and entrepreneurial vision.

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Contact Us

1145 Market St. Suite 650
San Francisco, CA 94103
(415) 729-1770
info@onewealth.net
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