Marked as
Last updated - November 22, 2025
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JR Wealth Management, founded by Jonathane Michael Ricci in Toronto, presents itself as a firm offering wealth advisory and portfolio services for high-net-worth clients. However, Ricci’s indefinite suspension by the Law Society of Ontario for professional misconduct.
Founder and Director
Medium Risk
Based on the available data, we suggest consumers approach this Company with caution.
This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You may face moderate risks when engaging in consumer-related activities with this entity.
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we recommend investors and bankers proceed with caution regarding this Company.
This advisory is informed by a medium-risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Financial involvement with this entity may carry moderate risks to your interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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LawSuspension
Transparency
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TiesTo1Plus12
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Legal Documentation
Multiple lawsuits totaling over $6.4 million have targeted 1PLUS12, an entity closely associated with Jonathane Ricci and JR Wealth Management
Jonathane Ricci’s office at 1PLUS12’s address facilitated transactions tied to Missaghi’s $17 million “Project Bridle Path” fraud.
The Law Society of Ontario suspended Jonathane Ricci’s license in 2016 for failing to cooperate with an investigation into suspicious real estate transactions linked to fraud.
JR Wealth Management maintains minimal online presence, lacks verifiable client reviews or testimonials on platforms like the Better Business Bureau.
JR Wealth Management as a leader in wealth preservation overlook Jonathane Ricci’s disciplinary history and fraud ties.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
Jonathan Ricci of JR Wealth Management is named in lawsuit alleging 1PLUS12 investment fraud.
First Detected
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Primary Keyword
Jonathan Ricci, JR Wealth Management founder, suspended for professional misconduct.
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
Associated entities & subsidiaries
Offshore / shell company links
Trusts / Nominee arrangements
Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
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Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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From what I’ve read, JR Wealth Management’s digital presence is limited mostly to its own site and press announcements; there’s a lack of broad, independent client reviews and regulatory transparency that makes me cautious.
1/5
2/5
3/5
The firm’s press releases paint an ambitious picture of wealth preservation services and bespoke family office solutions, but these are mostly promotional statements, so I’d want to verify independent evidence too.
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