Expert Review

Greg Onken: Hidden Fees, Disclosures, Lawsuits

Who is Greg Onken (CRD#: 1321769)?

Greg Onken is a Managing Director, Wealth Partner, and Portfolio Manager at J.P. Morgan Wealth Management. He is the founder of The OS Group, a team of highly trained investing and planning specialists who serve a select group of entrepreneurs, venture capitalists, wealthy families, and foundations. He also serves on The OS Group’s Investment Committee, where he assists in the development of customized portfolios for customers.

Greg began his financial services career as an Associate in the Institutional Fixed Income Department at J.P. Morgan’s predecessor firm Bear Stearns in 1983. He later joined Wertheim Schroeder’s Private Investment Division. He rose to the position of Partner and Director of the Private Client Group at SG Cowen Securities.

This article goes further into Greg Onken’s past, uncovering hidden disclosures and SEC litigations, as well as analyzing the implications for law.

About J.P. Morgan Wealth Management

J.P. Morgan Wealth Management is a JPMorgan Chase & Co. subsidiary that provides financial products and services through J.P. Morgan Securities LLC (JPMS), a licensed broker-dealer and investment advisor that is a member of FINRA and SIPC. Annuities are offered by Chase Insurance Agency, Inc. (CIA), a licensed insurance agency doing business in Florida as Chase Insurance Agency Services, Inc. JPMorgan Chase Bank, N.A. (JPMCB) provides some custody and other services. JPMS, CIA, and JPMCB are connected entities controlled by JPMorgan Chase & Co. Products are not available in all states.

The company looks to thought leaders and market trends to better advise their clients on everything from which mutual funds might provide the best returns to more advantageous terms for lending for businesses and individuals. One of the most appealing aspects of this company is the full spectrum of service, where individuals can choose to be completely hands-off or control their money themselves, every day.

What Accounts Does J.P. Morgan Wealth Management Offer?

J.P. Morgan Wealth Management provides a comprehensive range of accounts and services to investors and people looking to have more control over their finances. Here are some of the more popular accounts provided by the company:

Self-directed investing

This includes investing options such as Roth IRAs, standard IRAs, and general investment methods. With zero costs, thousands of investment possibilities (including popular mutual funds and ETFs), tools to help you design the right portfolio, and a complete online experience via the website or the app, this online stock trading opportunity puts you in control.

Automated investing

This is a robot-investor option that includes conservative, moderate, growth, and aggressive tracks. Portfolios are created by investing pros, and you select the one that best meets your needs. That portfolio adapts to shifting market conditions while keeping your goals in mind. The managed portfolio has a 0.35% advisory fee.

One-on-one

Connect with a real person by online video chat, in person at a J.P. Morgan office or Chase bank, or by phone to discuss what you need to make your dreams a reality. This financial checkup can assist you in finding a more personalized solution for your specific financial circumstances.

There are other options as well, such as:

  • Estate and wealth planning that takes future generations into account
  • Liquidity events that plan around tax and investment goals
  • Choosing a Path for Strategic Philanthropy
  • Executive services that focus on compensation, retirement plans, and more
  • Long-term and short-term lending
  • Real estate lending
  • Business investments and credit solutions

What is SEC?

The Securities and Exchange Commission (SEC) in the United States is a federal government regulatory agency that works independently. Its main responsibility is to safeguard investors, ensure the securities markets operate in a fair and orderly manner, and facilitate capital formation.

Greg Onken Disclosures: BrokerCheck, FINRA, And SEC

BrokerCheck report of Greg Onken includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosures events.

Financial Advisors often take down their client disputes from FINRA’s Public database through Disclosure Expungement. Even law firms provide expungement services to FAs so that they can hide or remove their client disputes and maintain a clean record. So the lack of any disclosures on BrokerCheck doesn’t necessarily mean that the broker hasn’t had any disputes in the past.
5/12/2023 Update
As of now, Greg Onken has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by his victims. Furthermore, he has only focused on propagating his fake PR.

BrokerCheck

Source: https://brokercheck.finra.org/individual/summary/1321769

SEC Litigations & Forms

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Source: https://secsearch.sec.gov/search?affiliate=secsearch&sort_by=&query=%27Greg+Onken%27

Greg Onken Lawsuits

Most court cases filed in the United States of America are archived on CourtListener, UniCourt, Law.com, Justia, Trellis, law, and Law360. If Greg Onken has been involved in any such lawsuits, then you can find the documents using the links down below:

There might be more pending lawsuits against Greg Onken which are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Greg Onken on these websites, then you can contact the local authorities and check if they have a physical copy of any lawsuits.

Greg Onken Complaints and Legal Battles

The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Greg Onken using the websites down below:

Better Alternatives To Greg Onken:

These recommendations are based on the ratings of SmartAsset.com, the biggest financial advisor review platform on the internet.
Screenshot 7

Manages Assets Worth

  • $6,427,792,177

Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Family office and consulting services
Screenshot 8

Manages Assets Worth

  • $4,465,757,285

Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
Screenshot 9

Manages Assets Worth

  • $302,000,000

Services

  • Financial planning
  • Portfolio management

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