AdvisorCensus / Financial advisors / Illinois / Chicago / Wellspring Capital Advisors, LLC
Wellspring Capital Advisors, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2004, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 9, 2026.
Quick answers
From the filingHow is Wellspring Capital Advisors, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Wellspring Capital Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
Where is Wellspring Capital Advisors, LLC located?
Wellspring Capital Advisors, LLC's principal office is in Chicago, IL, according to its Form ADV.
Is Wellspring Capital Advisors, LLC registered with the SEC or a state?
Wellspring Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 132698.
How much does Wellspring Capital Advisors, LLC manage?
Wellspring Capital Advisors, LLC reports $5,034,342,250 in regulatory assets under management in its Form ADV filing dated April 9, 2026 (0% discretionary).
How have Wellspring Capital Advisors, LLC's assets and staff changed since 2021?
In the Form ADV data for Wellspring Capital Advisors, LLC: Regulatory assets under management: $4,155,000,000 in the October 2021 data and $5,034,342,250 in the October 2026 data, up 21%. Total employees: 3 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 Wellspring Capital Advisors, LLC serve?
By number of clients on Form ADV Item 5.D: insurance companies (14).
Does Wellspring Capital Advisors, LLC 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/132698
Does Wellspring Capital Advisors, LLC state an account minimum?
Its Form ADV Part 2A brochure dated April 9, 2026 says: "While there is no minimum account size there are minimum fees."
What changed in Wellspring Capital Advisors, LLC's recent Form ADV filings?
In the May 2026 filing data: Regulatory assets under management went from $4,231,133,460 to $5,034,342,250 (+19%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- 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
Fees and minimums
Form ADV Part 2AAccount minimum: None
The brochure's wording
While there is no minimum account size there are minimum fees.
As stated in the firm's Form ADV Part 2A brochure dated April 9, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$5,034,342,250 as of October 2026, filing dated April 9, 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
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Other
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2004 (21 years)
- Employees
- Total: 2. Performing investment advisory functions: 2.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $5,034,342,250 | 2 | April 9, 2026 |
| October 2025 | $4,231,133,460 | 2 | March 28, 2025 |
| October 2024 | $3,717,966,665 | 2 | March 28, 2024 |
| October 2023 | $3,146,490,000 | 2 | May 1, 2023 |
| October 2022 | $4,413,000,000 | 3 | May 3, 2022 |
| October 2021 | $4,155,000,000 | 3 | March 29, 2021 |
Regulatory assets under management: $4,155,000,000 in the October 2021 data and $5,034,342,250 in the October 2026 data, up 21%.
Total employees: 3 in October 2021 and 2 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.
Changes in the filing
Last 12 months- May 2026
- Regulatory assets under management went from $4,231,133,460 to $5,034,342,250 (+19%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Wellspring Capital Advisors, LLC (CRD 132698): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/wellspring-capital-advisors-llc-chicago-il-132698