Two veteran JPMorgan advisors, managing a combined $650 million in client assets don’t typically “jump ship” at this stage of their careers, but Todd Brase and Dray Henderson just did, according to an announcement from Chicago-based Genesis Wealth issued Jan. 2. The move is a signal that senior advisors who have achieved significant scale and credibility are looking for greener pastures – part of a broader shift underway in wealth management.
For decades, bank-based wealth management promised stability, scale and built-in trust. For many seasoned advisors, however, those same systems are beginning to feel restrictive. At a time when there is rising complexity among high-net-worth clients, large-bank models designed for uniformity may not be meeting all their needs.
“Many senior advisors are reassessing traditional bank models and realizing there’s a better way forward,” said Kosta Tanglis, Founder and Managing Partner at Genesis Wealth. “Our platform was designed to support that transition with dignity, flexibility and continuity for clients.”
Genesis Wealth, a non-OSJ branch office within LPL Financial, represents a growing class of “supported independence” platforms designed to remove operational friction, without sacrificing regulatory structure. The firms says it offers standard turnkey infrastructure: staff, office space, technology and fees.
For advisors like Brase and Henderson, the decision was about alignment. Brase said his move satisfies his need for advanced planning, estate strategy and portfolio construction. Henderson said Genesis Wealth supports his needs for goals-based planning and tax efficiency.
Brase has 24 years of industry experience, including 22 years at JPMorgan Chase, and has serviced approximately $350 million in client assets under management (AUM). He focuses on high-net-worth individuals and families, Genesis Wealth said. Henderson has 25 years of industry experience and is a Wealth Management Certified Professional (WMCP®) who has overseen $301 million in client AUM.
In 2025, Genesis Wealth reported it had brought in more than $2.5 billion in AUM through advisor recruitment and organic growth – surpassing its growth targets for 2025.
Founded in January 2024, Genesis Wealth now oversees nearly $3 billion in client assets, inclusive of those acquired through Bray and Henderson.
