Thurston Springer Advisors

• A percentage of assets under your management
• Hourly charges
• Fixed fees (other than subscription fees)

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

The brochure lists different fees for different services or strategies. See the firm's brochure (dated October 14, 2025) for its fees and any account minimum, on the SEC's IAPD site.

$6,008,300,727 as of October 2026, filing dated September 25, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Financial planning services
• 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)
• Educational seminars/workshops

Legal name

Thurston Springer Advisors, LLC

Also doing business as

ALPHA POINTE CAPITAL, ANN A. MOORE FINANCIAL MANAGEMENT, AP CAPITAL MANAGEMENT, ASCEND WEALTH, BADDERS & MOORE WEALTH MANAGEMENT OF TRINITY CAPITAL, BUCHANAN WEALTH MANAGEMENT OF TRINITY CAPITAL MANAGEMENT, CERULEAN CAPITAL MANAGEMENT, LLC, COHEN CAPITAL MANAGEMENT GROUP, CONSERVATION WEALTH MANAGEMENT, DAMER WEALTH MANAGEMENT, ELIAS FINANCIAL NETWORK LLC, FRATARCANGELI WEALTH MANAGEMENT, G & M INVESTMENT GROUP, HNS ADVISORS, J. SIMON & COMPANY, JKS INVESTMENT GROUP, JOHN KERR FINANCIAL, LANDMARK FINANCIAL SERVICES, LAVELLE FINANCIAL, MORAN WEALTH MANAGEMENT, ONTRACK CAPITAL MANAGEMENT, PRINCIPIA PRIVATE WEALTH, SMITH WEALTH, T.S. PHILLIPS INVESTMENTS, TARGETED RETIREMENT STRATEGIES, THE BALDASSARI GROUP, THE PATZER GROUP WEALTH MANAGEMENT, THORSON TAX & FINANCIAL, THURSTON SPRINGER FINANCIAL, TRINITY CAPITAL MANAGEMENT, VANTAGE WEALTH MANAGEMENT, WALKER INVESTMENTS

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2018 (7 years)

Employees

Total: 100. Performing investment advisory functions: 86.

Wrap fee program participation

Yes.

Custodians (Schedule D, Section 5.K(3))

Wells Fargo Clearing Services, LLC

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.

Other offices (Schedule D, Section 1.F)

22 other offices, as of the October 2026 filing

Annapolis, MDBloomfield Hills, MIBrodheadsville, PACampobello, SCDallas, TXDeerfield, ILDuncan, OKItasca, ILJupiter, FLLafayette, INMishawaka, INNacogdoches, TXOklahoma City, OKPalm Beach Gardens, FLRichmond, VARio Rancho, NMSanta Cruz, CASarasota, FLTulsa, OKTyler, TXWashington, DCYoungstown, OH

States registered or notice-filed

41 states or jurisdictions

AKALARAZCACOCTDCDEFLGAIAIDILINKSKYLAMDMIMOMSMTNCNJNMNYOHOKORPASCSDTNTXUTVAWAWIWVWY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

9 Reports 9 disclosure items on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

• 11.C(1) Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
• 11.C(2) Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
• 11.C(4) Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
• 11.C(5) Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
• 11.D(2) Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
• 11.D(4) In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
• 11.D(5) Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
• 11.E(2) Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
• 11.E(4) Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $1,022,577,412 in the October 2021 data and $6,008,300,727 in the October 2026 data, up 488%.

Total employees: 55 in October 2021 and 100 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. October 2026
   • No longer lists the business name Thurston Springer Retirement Services.
   • No longer lists the business name T.S. Phillips.
   • No longer lists the business name North Star Financial.
   • No longer lists the business name JKS Investment Management of Thurston Springer.
   • No longer lists the business name Holcomb Wealth Management.
   • No longer lists the business name Cohen Capital Management.
   • No longer lists the business name Baldassari Advisory.
   • No longer lists the business name American Pension Advisors.
   • Added the business name Walker Investments.
   • Added the business name Vantage Wealth Management.
   • Added the business name Trinity Capital Management.
   • Added the business name The Patzer Group Wealth Management.
   • Added the business name The Baldassari Group.
   • Added the business name T.S. Phillips Investments.
   • Added the business name Smith Wealth.
   • Added the business name Principia Private Wealth.
   • Added the business name Moran Wealth Management.
   • Added the business name Landmark Financial Services.
   • Added the business name John Kerr Financial.
   • Added the business name JKS Investment Group.
   • Added the business name HNS Advisors.
   • Added the business name G & M Investment Group.
   • Added the business name Elias Financial Network LLC.
   • Added the business name Damer Wealth Management.
   • Added the business name Cohen Capital Management Group.
   • Added the business name Buchanan Wealth Management of Trinity Capital Management.
   • Added the business name Badders & Moore Wealth Management of Trinity Capital.
   • Added the business name ANN A. Moore Financial Management.
   • Item 11 disclosure answers changed: 9 yes answers, previously 0 (now yes: 11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.D(5), 11.E(2), 11.E(4)).
   • Regulatory assets under management went from $3,675,305,852 to $6,008,300,727 (+63%).
   • Changed its office addresses in Annapolis, MD.
   • Changed its office addresses in Itasca, IL.
   • Changed its office addresses in Lafayette, IN.
   • Added an office in Bloomfield Hills, MI.
   • Added an office in Dallas, TX.
   • Added an office in Duncan, OK.
   • Added an office in Jupiter, FL.
   • Added an office in Mishawaka, IN.
   • Added an office in Nacogdoches, TX.
   • Added an office in Oklahoma City, OK.
   • Added an office in Richmond, VA.
   • Added an office in Rio Rancho, NM.
   • Added an office in Tulsa, OK.
   • Added an office in Tyler, TX.
   • No longer lists an office in Anderson, IN.
   • No longer lists an office in Bloomington, IN.
   • No longer lists an office in Franklin, IN.
   • No longer lists an office in Indianapolis, IN.
   • No longer lists an office in Louisville, KY.
   • No longer lists an office in Sun Prairie, WI.
   • No longer lists an office in Valdese, NC.
   • Updated its list of owners and control persons (Schedule A).
2. December 2025
   • Employees performing advisory functions went from 68 to 86.
   • Registered or notice-filed in AK, AL, CO, CT, GA, IA, ID, MT, SD, UT, VA, WV, WY.
   • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.