# Thurston Springer Advisors

> Thurston Springer Advisors is an SEC-registered investment advisory firm in Indianapolis, IN, registered since 2018, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 25, 2026.

- CRD: 299201
- Filed as: THURSTON SPRINGER ADVISORS
- 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)
- Location: Indianapolis, IN
- Filing period: October 2026
- Form ADV filing dated: September 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/299201
- AdvisorCensus page: https://advisorcensus.com/firm/thurston-springer-advisors-indianapolis-in-299201

## Quick answers

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

**Where is Thurston Springer Advisors located?**
Thurston Springer Advisors' principal office is in Indianapolis, IN, according to its Form ADV; the October 2026 filing also lists 22 other offices (Schedule D, Section 1.F).

**Is Thurston Springer Advisors registered with the SEC or a state?**
Thurston Springer Advisors is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 299201.

**How much does Thurston Springer Advisors manage?**
Thurston Springer Advisors reports $6,008,300,727 in regulatory assets under management in its Form ADV filing dated September 25, 2026 (89% discretionary).

**How have Thurston Springer Advisors' assets and staff changed since 2021?**
In the Form ADV data for Thurston Springer Advisors: 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. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Thurston Springer Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,272); high net worth individuals (1,157); pension and profit sharing plans (but not the plan participants or government pension plans) (155).

**Which custodians does Thurston Springer Advisors use?**
Thurston Springer Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Wells Fargo Clearing Services, LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Thurston Springer Advisors report any disciplinary disclosures?**
Reports 9 disclosure items on Form ADV Item 11: yes answers to 9 questions about regulatory matters (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)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/299201

**What changed in Thurston Springer Advisors' recent Form ADV filings?**
In the October 2026 filing data: 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).

## From the Form ADV filing

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

### 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.

### Regulatory assets under management (Item 5.F)
- Total: $6,008,300,727
- Discretionary: $5,368,844,279
- Non-discretionary: $639,456,448

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 3,272 | $1,121,526,077 |
| High net worth individuals | 1,157 | $4,287,768,930 |
| Banking or thrift institutions | 1 | $29,416,675 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 155 | $183,067,012 |
| Charitable organizations | 33 | $91,093,599 |
| Corporations or other businesses not listed above | 76 | $295,428,434 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2018 (7 years)
- Employees: 100 total, 86 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MI, MO, MS, MT, NC, NJ, NM, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
- Disclosures (Item 11): Reports 9 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 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. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/299201

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Annapolis, MD
- Bloomfield Hills, MI
- Brodheadsville, PA
- Campobello, SC
- Dallas, TX
- Deerfield, IL
- Duncan, OK
- Itasca, IL
- Jupiter, FL
- Lafayette, IN
- Mishawaka, IN
- Nacogdoches, TX
- Oklahoma City, OK
- Palm Beach Gardens, FL
- Richmond, VA
- Rio Rancho, NM
- Santa Cruz, CA
- Sarasota, FL
- Tulsa, OK
- Tyler, TX
- Washington, DC
- Youngstown, OH

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,022,577,412 | 55 | September 29, 2021 |
| October 2022 | $1,112,976,471 | 67 | September 28, 2022 |
| October 2023 | $1,353,974,492 | 51 | September 28, 2023 |
| October 2024 | $3,957,978,217 | 68 | September 30, 2024 |
| October 2025 | $3,957,978,217 | 68 | July 31, 2025 |
| October 2026 | $6,008,300,727 | 100 | September 25, 2026 |

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.

## Changes in the filing (last 12 months)

### 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).

### 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Thurston Springer Advisors (CRD 299201): Form ADV filing data as of October 2026.