# Hillspring Financial, Inc.

> Hillspring Financial, Inc. is an SEC-registered investment advisory firm in Surprise, AZ, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 13, 2026.

- CRD: 113938
- Filed as: HILLSPRING FINANCIAL, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Surprise, AZ
- Filing period: October 2026
- Form ADV filing dated: March 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/113938
- AdvisorCensus page: https://advisorcensus.com/firm/hillspring-financial-inc-surprise-az-113938

## Quick answers

**How is Hillspring Financial, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Hillspring Financial, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.

**Where is Hillspring Financial, Inc. located?**
Hillspring Financial, Inc.'s principal office is in Surprise, AZ, according to its Form ADV.

**Is Hillspring Financial, Inc. registered with the SEC or a state?**
Hillspring Financial, Inc. is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 113938.

**How much does Hillspring Financial, Inc. manage?**
Hillspring Financial, Inc. reports $185,998,213 in regulatory assets under management in its Form ADV filing dated March 13, 2026 (100% discretionary).

**How have Hillspring Financial, Inc.'s assets and staff changed since 2024?**
In the Form ADV data for Hillspring Financial, Inc.: Regulatory assets under management: $169,161,810 in the October 2024 data and $185,998,213 in the October 2026 data, up 10%. Total employees: 4 in October 2024 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Hillspring Financial, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (231); high net worth individuals (29); pension and profit sharing plans (but not the plan participants or government pension plans) (10).

**Which custodians does Hillspring Financial, Inc. use?**
Hillspring Financial, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Hillspring Financial, Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/113938

**Does Hillspring Financial, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 13, 2026 says: "Our minimum household account size is $ 100,000. HFI has the discretion to waive account minimums when the client and adviser anticipate the client will add additional funds to bring the total to the minimum within a reasonable time."

**What changed in Hillspring Financial, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $154,788,350 to $185,998,213 (+20%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 13, 2026)

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> Our minimum household account size is $ 100,000. HFI has the discretion to waive account minimums when the client and adviser anticipate the client will add additional funds to bring the total to the minimum within a reasonable time.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $185,998,213
- Discretionary: $185,998,213
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 231 | $74,384,952 |
| High net worth individuals | 29 | $58,321,573 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 10 | $53,291,688 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2024 (2 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, ID, TX, UT, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- hillspringfinancial.com
- Facebook @Hillspring-Financial-Inc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $169,161,810 | 4 | September 25, 2024 |
| October 2025 | $154,788,350 | 4 | March 5, 2025 |
| October 2026 | $185,998,213 | 4 | March 13, 2026 |

Regulatory assets under management: $169,161,810 in the October 2024 data and $185,998,213 in the October 2026 data, up 10%.
Total employees: 4 in October 2024 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $154,788,350 to $185,998,213 (+20%).

### December 2025
- Registered or notice-filed in WA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hillspring Financial, Inc. (CRD 113938): Form ADV filing data as of October 2026.