{
  "crd_number": 147861,
  "slug": "wellspring-advisors-inc-hillsboro-or-147861",
  "primary_business_name": "WELLSPRING ADVISORS, INC.",
  "legal_name": "WELLSPRING ADVISORS, INC.",
  "dbas": [
    "SPRINGSOURCE WEALTH ADVISORS"
  ],
  "city": "Hillsboro",
  "state": "OR",
  "country": "United States",
  "cbsa_code": "38900",
  "metro": {
    "cbsa_code": "38900",
    "common_name": "Portland",
    "msa_name": "Portland-Vancouver-Hillsboro, OR-WA",
    "path": "/advisors/or/portland"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-02-12",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 152174077.0,
  "raum_discretionary": 152174077.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 5,
  "advisory_employees": 2,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 889508.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 70160119.0,
      "count": 225
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 29322.0,
      "count": 0,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 81095128.0,
      "count": 46
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "OR",
    "TX",
    "WA"
  ],
  "websites": [
    "https://facebook.com/SpringSourceWealth",
    "https://linkedin.com/company/springsource-wealth-advisors",
    "https://linkedin.com/in/ceppawlowski",
    "https://linkedin.com/in/scott-abrahamson",
    "https://springsourcewealth.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/147861",
  "city_as_filed": "HILLSBORO",
  "url": "https://advisorcensus.com/firm/wellspring-advisors-inc-hillsboro-or-147861",
  "display_name": "Wellspring Advisors, Inc.",
  "summary": "Wellspring Advisors, Inc. is an SEC-registered investment advisory firm in Hillsboro, OR, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Wellspring Advisors, Inc. (CRD 147861): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Wellspring Advisors, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Wellspring Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Wellspring Advisors, Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Subscription: $3,000 to $10,000 a year (Ongoing Financial Life Planning services); Hourly rate: $400 an hour (work on a specific consulting project). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Wellspring Advisors, Inc. located?",
      "a": "Wellspring Advisors, Inc.'s principal office is in Hillsboro, OR, according to its Form ADV."
    },
    {
      "q": "Is Wellspring Advisors, Inc. registered with the SEC or a state?",
      "a": "Wellspring Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 147861."
    },
    {
      "q": "How much does Wellspring Advisors, Inc. manage?",
      "a": "Wellspring Advisors, Inc. reports $152,174,077 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Wellspring Advisors, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Wellspring Advisors, Inc.: Regulatory assets under management: $217,801,000 in the October 2021 data and $152,174,077 in the October 2026 data, down 30%. Total employees: 1 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Wellspring Advisors, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (225); high net worth individuals (46)."
    },
    {
      "q": "Which custodians does Wellspring Advisors, Inc. use?",
      "a": "Wellspring Advisors, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Capital Client Group, Inc. and SEI Private Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Wellspring Advisors, Inc. report any disciplinary disclosures?",
      "a": "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/147861"
    },
    {
      "q": "What changed in Wellspring Advisors, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: No longer lists the business name Wellstone Wealth Management. Employees performing advisory functions went from 3 to 2. Regulatory assets under management went from $198,176,650 to $152,174,077 (-23%). No longer lists an office in Lake Oswego, OR."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 217801000.0,
      "total_employees": 1,
      "filing_date": "2021-09-15"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 234801096.0,
      "total_employees": 9,
      "filing_date": "2022-08-17"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 213834376.0,
      "total_employees": 9,
      "filing_date": "2023-07-18"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 219995831.0,
      "total_employees": 9,
      "filing_date": "2024-03-21"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 198176650.0,
      "total_employees": 8,
      "filing_date": "2025-03-20"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 152174077.0,
      "total_employees": 5,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name Wellstone Wealth Management.",
        "Employees performing advisory functions went from 3 to 2.",
        "Regulatory assets under management went from $198,176,650 to $152,174,077 (-23%).",
        "No longer lists an office in Lake Oswego, OR."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Subscription: $3,000 to $10,000 a year (Ongoing Financial Life Planning services)",
      "Hourly rate: $400 an hour (work on a specific consulting project)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $3,000 to $10,000 a year (Ongoing Financial Life Planning services)"
        ],
        "quotes": [
          "Ongoing Financial Life Planning services are offered on an annual fixed fee basis and charged on a monthly, quarterly, or semi-annual basis charged in advance depending on client preference. Our fixed fee charges generally range between $3,000 - $10,000."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $400 an hour (work on a specific consulting project)"
        ],
        "quotes": [
          "For clients on the hourly consulting fee structure, Client shall pay to Advisor an hourly fee of up to $400 for work on a specific consulting project."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "subscription",
          "amount": null,
          "min": 3000.0,
          "max": 10000.0,
          "period": "annual",
          "service": "Ongoing Financial Life Planning services"
        },
        {
          "kind": "hourly",
          "amount": 400.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "work on a specific consulting project"
        }
      ]
    },
    "quotes": [
      "Ongoing Financial Life Planning services are offered on an annual fixed fee basis and charged on a monthly, quarterly, or semi-annual basis charged in advance depending on client preference. Our fixed fee charges generally range between $3,000 - $10,000.",
      "For clients on the hourly consulting fee structure, Client shall pay to Advisor an hourly fee of up to $400 for work on a specific consulting project."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Capital Client Group, Inc.",
      "name_as_filed": "CAPITAL CLIENT GROUP, INC.",
      "affiliated": false
    },
    {
      "name": "SEI Private Trust Company",
      "name_as_filed": "SEI PRIVATE TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/wellspring-advisors-inc-hillsboro-or-147861.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 225,
      "fewer_than_5": false,
      "raum": 70160119.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 46,
      "fewer_than_5": false,
      "raum": 81095128.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": true,
      "raum": 29322.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 889508.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/147861",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}