What if the way you think about money today traces back to something that happened when you were twelve or thirteen? On this episode of Wealth B-Hers, Dr. Felecia Froe sits down with Jonathan Steele, founder and chief investment officer of One Wealth Advisors, a firm managing $1.4 billion for roughly 400 families. Jonathan traces his money story back to eighth grade, watching his mom pay off a department store credit card the second they got home, and then walks through his own winding path from a restaurant kitchen to cold calling at Bear Stearns to building an independent firm with his brother.
Along the way, he and Dr. Froe get into what behavioral finance actually means, delegating vs abdicating financial decisions, and the difference between a fiduciary and a financial advisor/dealer-broker. It’s a conversation about the psychology behind the numbers and why staying engaged with your advisor (even when it feels like you’re bothering them) is what actually protects you.
00:00 – Meet Jonathan Steele: A Money Story from Eighth Grade
09:45 – From the Kitchen to Cold Calling: Jonathan’s Path to Finance
18:17 – What Is Behavioral Finance, Really?
23:12 – Delegating vs. Abdicating Your Financial Life
32:09 – Fiduciary vs. Agent: Know Who You’re Paying
35:57 – Behind the Advisor: Podcast, Peanut Butter, and Senior Dogs
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Connect with Jonathan!
Website: https://onewealth.net/
LinkedIn: https://www.linkedin.com/in/jonathan-steele-cfa%C2%AE-3549718/?isSelfProfile=false
Podcast: https://podcasts.apple.com/ch/podcast/human-success-stories/id1890285835
Key Quotes:
“What happens early on in our lives plays a significant role in how we develop a healthy relationship with money.” – Jonathan Steele
“You can delegate the decisions. You cannot abdicate the understanding.” – Jonathan Steele
