{ "crd_number": 132698, "slug": "wellspring-capital-advisors-llc-chicago-il-132698", "primary_business_name": "WELLSPRING CAPITAL ADVISORS, LLC", "legal_name": "WELLSPRING CAPITAL ADVISORS, LLC", "dbas": [], "city": "Chicago", "state": "IL", "country": "United States", "cbsa_code": "16980", "metro": { "cbsa_code": "16980", "common_name": "Chicago", "msa_name": "Chicago-Naperville-Elgin, IL-IN", "path": "/advisors/il/chicago" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2004-10-08", "years_registered": 21, "period": "2026-10-01", "filing_date": "2026-04-09", "carried_forward": false, "raum_total": 5034342250.0, "raum_discretionary": 0.0, "raum_non_discretionary": 5034342250.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 2, "advisory_employees": 2, "client_count_bucket": null, "clients_by_type": { "insurance_companies": { "raum": 5034342250.0, "count": 14 } }, "compensation_types": [ "fixed", "percentage_of_aum" ], "advisory_activities": [ "other" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "IL" ], "websites": [ "https://wellspringcap.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/132698", "city_as_filed": "CHICAGO", "url": "https://advisorcensus.com/firm/wellspring-capital-advisors-llc-chicago-il-132698", "display_name": "Wellspring Capital Advisors, LLC", "summary": "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.", "citation": "AdvisorCensus. Wellspring Capital Advisors, LLC (CRD 132698): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Other" ], "quick_answers": [ { "q": "How is Wellspring Capital Advisors, LLC compensated?", "a": "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)." }, { "q": "Where is Wellspring Capital Advisors, LLC located?", "a": "Wellspring Capital Advisors, LLC's principal office is in Chicago, IL, according to its Form ADV." }, { "q": "Is Wellspring Capital Advisors, LLC registered with the SEC or a state?", "a": "Wellspring Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 132698." }, { "q": "How much does Wellspring Capital Advisors, LLC manage?", "a": "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)." }, { "q": "How have Wellspring Capital Advisors, LLC's assets and staff changed since 2021?", "a": "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." }, { "q": "What types of clients does Wellspring Capital Advisors, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: insurance companies (14)." }, { "q": "Does Wellspring Capital Advisors, LLC 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/132698" }, { "q": "Does Wellspring Capital Advisors, LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated April 9, 2026 says: \"While there is no minimum account size there are minimum fees.\"" }, { "q": "What changed in Wellspring Capital Advisors, LLC's recent Form ADV filings?", "a": "In the May 2026 filing data: Regulatory assets under management went from $4,231,133,460 to $5,034,342,250 (+19%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 4155000000.0, "total_employees": 3, "filing_date": "2021-03-29" }, { "period": "2022-10-01", "regulatory_assets_under_management": 4413000000.0, "total_employees": 3, "filing_date": "2022-05-03" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3146490000.0, "total_employees": 2, "filing_date": "2023-05-01" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3717966665.0, "total_employees": 2, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4231133460.0, "total_employees": 2, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 5034342250.0, "total_employees": 2, "filing_date": "2026-04-09" } ], "recent_changes": [ { "period": "2026-05-01", "period_label": "May 2026", "notes": [ "Regulatory assets under management went from $4,231,133,460 to $5,034,342,250 (+19%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated April 9, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "While there is no minimum account size there are minimum fees." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 0.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "While there is no minimum account size there are minimum fees." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/wellspring-capital-advisors-llc-chicago-il-132698.md", "clients": [ { "type": "insurance_companies", "label": "Insurance companies", "count": 14, "fewer_than_5": false, "raum": 5034342250.0 } ], "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/132698", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }