# Wellspring Advisors, Inc.

> 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.

- CRD: 147861
- Filed as: WELLSPRING ADVISORS, INC.
- Also doing business as: SPRINGSOURCE WEALTH ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Hillsboro, OR
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/147861
- AdvisorCensus page: https://advisorcensus.com/firm/wellspring-advisors-inc-hillsboro-or-147861

## Quick answers

**How is Wellspring Advisors, Inc. compensated?**
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).

**How much does Wellspring Advisors, Inc. charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Flat fee: $3,000 to $10,000 (Comprehensive and Modular 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.

**Where is Wellspring Advisors, Inc. located?**
Wellspring Advisors, Inc.'s principal office is in Hillsboro, OR, according to its Form ADV.

**Is Wellspring Advisors, Inc. registered with the SEC or a state?**
Wellspring Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 147861.

**How much does Wellspring Advisors, Inc. manage?**
Wellspring Advisors, Inc. reports $152,174,077 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Wellspring Advisors, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Wellspring Advisors, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (225); high net worth individuals (46).

**Which custodians does Wellspring Advisors, Inc. use?**
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.

**Does Wellspring Advisors, 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/147861

**What changed in Wellspring Advisors, Inc.'s recent Form ADV filings?**
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.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Flat fee: $3,000 to $10,000 (Comprehensive and Modular Financial Life Planning services)

> 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.

- Hourly rate: $400 an hour (work on a specific consulting project)

> 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.

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

### Custodians (Schedule D, Section 5.K(3))
- Capital Client Group, Inc.
- SEI Private Trust Company

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: $152,174,077
- Discretionary: $152,174,077
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 225 | $70,160,119 |
| High net worth individuals | 46 | $81,095,128 |
| 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) | Fewer than 5 | $29,322 |
| Charitable organizations | Fewer than 5 | $889,508 |
| 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
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 5 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- springsourcewealth.com
- Facebook @SpringSourceWealth
- LinkedIn @springsource-wealth-advisors
- LinkedIn @ceppawlowski
- LinkedIn @scott-abrahamson

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $217,801,000 | 1 | September 15, 2021 |
| October 2022 | $234,801,096 | 9 | August 17, 2022 |
| October 2023 | $213,834,376 | 9 | July 18, 2023 |
| October 2024 | $219,995,831 | 9 | March 21, 2024 |
| October 2025 | $198,176,650 | 8 | March 20, 2025 |
| October 2026 | $152,174,077 | 5 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Wellspring Advisors, Inc. (CRD 147861): Form ADV filing data as of October 2026.