# Spring Capital Management

> Spring Capital Management is an SEC-registered investment advisory firm in Amarillo, TX, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 24, 2026.

- CRD: 282842
- Filed as: SPRING CAPITAL MANAGEMENT
- Legal name: Spring Capital Management, LLC
- Also doing business as: SAGE ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Amarillo, TX
- Filing period: October 2026
- Form ADV filing dated: February 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/282842
- AdvisorCensus page: https://advisorcensus.com/firm/spring-capital-management-amarillo-tx-282842

## Quick answers

**How is Spring Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Spring Capital Management reports these compensation arrangements: a percentage of assets under its management.

**Where is Spring Capital Management located?**
Spring Capital Management's principal office is in Amarillo, TX, according to its Form ADV.

**Is Spring Capital Management registered with the SEC or a state?**
Spring Capital Management is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 282842.

**How much does Spring Capital Management manage?**
Spring Capital Management reports $223,042,193 in regulatory assets under management in its Form ADV filing dated February 24, 2026 (100% discretionary).

**How have Spring Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Spring Capital Management: Regulatory assets under management: $127,190,252 in the October 2021 data and $223,042,193 in the October 2026 data, up 75%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Spring Capital Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (78); individuals (other than high net worth individuals) (54); corporations or other businesses not listed above (7).

**Which custodians does Spring Capital Management use?**
Spring Capital Management'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 Spring Capital Management 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/282842

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### 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: $223,042,193
- Discretionary: $223,042,193
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 54 | $1,134,732 |
| High net worth individuals | 78 | $198,655,472 |
| 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) | 0 | $0 |
| Charitable organizations | Fewer than 5 | $3,944,441 |
| 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 | 7 | $19,307,548 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2020 (5 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- springcapitalmanagement.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $127,190,252 | 2 | March 10, 2021 |
| October 2022 | $153,253,117 | 2 | January 26, 2022 |
| October 2023 | $138,573,762 | 2 | January 24, 2023 |
| October 2024 | $157,005,050 | 2 | April 25, 2024 |
| October 2025 | $214,379,993 | 2 | January 14, 2025 |
| October 2026 | $223,042,193 | 2 | February 24, 2026 |

Regulatory assets under management: $127,190,252 in the October 2021 data and $223,042,193 in the October 2026 data, up 75%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Spring Capital Management (CRD 282842): Form ADV filing data as of October 2026.