The History of Donnelly-Steen & Company

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COMPANY HISTORY

Donnelly Steen & Company was established in 1997 as Donnelly Financial Services (DFS) outside of Philadelphia by Michael Donnelly. Then DFS was an independent financial services company and an affiliate of independent broker/dealers which were merged and sold throughout the following 8 years bringing about affiliation changes. Donnelly was determined to break the shackles and inherent conflicts that plague the brokerage industry. By reacquainting with former colleague Robert (Bob) Steen, a resolution was determined that in order for them to be the most above board and transparent to society, their clients and the industry, in general, registering the company as a Registered Investment Advisor was the proper path for the entity now known as Donnelly Steen and Company. As such this organization did so in April 2005. The rest is, as they say, history.

Michael and Bob have both been in the financial services industry since 1990. Michael's background includes insurance, investment banking and independent brokerage. After a very successful career in business, Bob joined the investment business with major brokerage wirehouses and succeeded there for 15 years before fully embracing the concept of the RIA.

Working together, today, Donnelly Steen & Company has grown exponentially. It continues to thrive and is one of the fastest growing firms on the Registered Investment Advisor side of the business, according to a 2006 Charles Schwab survey. Still headquartered outside of Philadelphia, in Marlton, NJ, Donnelly Steen & Company has affiliations and members throughout the world and continues to look for relationships that can benefit from the knowledge, experience and, most importantly, integrity that the founders of Donnelly Steen & Company ensure each day.

® 2011 Donnelly Steen & Co. US SEC Registered Investment Advisor.

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