{ "crd_number": 143112, "slug": "wellspring-family-office-cleveland-oh-143112", "primary_business_name": "WELLSPRING FAMILY OFFICE", "legal_name": "WELLSPRING FINANCIAL ADVISORS, LLC", "dbas": [ "WELLSPRING FAMILY OFFICE, LLC" ], "city": "Cleveland", "state": "OH", "country": "United States", "cbsa_code": "17410", "metro": { "cbsa_code": "17410", "common_name": "Cleveland", "msa_name": "Cleveland, OH", "path": "/advisors/oh/cleveland" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2007-03-15", "years_registered": 19, "period": "2026-10-01", "filing_date": "2026-06-23", "carried_forward": false, "raum_total": 5055010974.0, "raum_discretionary": 1643488356.0, "raum_non_discretionary": 3411522618.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 31, "advisory_employees": 11, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 44162304.0, "count": 9 }, "individuals": { "raum": 81329308.0, "count": 21 }, "high_net_worth_individuals": { "raum": 4929519362.0, "count": 118 } }, "compensation_types": [ "fixed", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "other", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "FL", "LA", "MT", "NH", "OH", "SC", "TX" ], "websites": [ "https://facebook.com/WELLSPRING-FINANCIAL-ADVISORS-LLC-72221762513", "https://linkedin.com/COMPANY/WELLSPRING-FINANCIAL-ADVISORS-LLC", "https://wellspringadvisorsllc.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/143112", "city_as_filed": "CLEVELAND", "url": "https://advisorcensus.com/firm/wellspring-family-office-cleveland-oh-143112", "display_name": "Wellspring Family Office", "summary": "Wellspring Family Office is an SEC-registered investment advisory firm in Cleveland, OH, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 23, 2026.", "citation": "AdvisorCensus. Wellspring Family Office (CRD 143112): 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": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Selection of other advisers (including private fund managers)", "Other" ], "quick_answers": [ { "q": "How is Wellspring Family Office compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Wellspring Family Office reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Wellspring Family Office located?", "a": "Wellspring Family Office's principal office is in Cleveland, OH, according to its Form ADV." }, { "q": "Is Wellspring Family Office registered with the SEC or a state?", "a": "Wellspring Family Office is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 143112." }, { "q": "How much does Wellspring Family Office manage?", "a": "Wellspring Family Office reports $5,055,010,974 in regulatory assets under management in its Form ADV filing dated June 23, 2026 (33% discretionary)." }, { "q": "How have Wellspring Family Office's assets and staff changed since 2021?", "a": "In the Form ADV data for Wellspring Family Office: Regulatory assets under management: $1,922,296,136 in the October 2021 data and $5,055,010,974 in the October 2026 data, up 163%. Total employees: 18 in October 2021 and 31 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Wellspring Family Office serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (118); individuals (other than high net worth individuals) (21); charitable organizations (9)." }, { "q": "Which custodians does Wellspring Family Office use?", "a": "Wellspring Family Office's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Wellspring Family Office 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/143112" }, { "q": "What changed in Wellspring Family Office's recent Form ADV filings?", "a": "In the July 2026 filing data: Added the business name Wellspring Family Office, LLC." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1922296136.0, "total_employees": 18, "filing_date": "2021-04-13" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2421171394.0, "total_employees": 19, "filing_date": "2022-03-11" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2346769355.0, "total_employees": 21, "filing_date": "2023-04-19" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3629363797.0, "total_employees": 26, "filing_date": "2024-09-23" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4211250698.0, "total_employees": 37, "filing_date": "2025-03-21" }, { "period": "2026-10-01", "regulatory_assets_under_management": 5055010974.0, "total_employees": 31, "filing_date": "2026-06-23" } ], "recent_changes": [ { "period": "2026-07-01", "period_label": "July 2026", "notes": [ "Added the business name Wellspring Family Office, LLC." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 13 to 11.", "Regulatory assets under management went from $4,211,250,698 to $5,055,010,974 (+20%)." ] }, { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "National Financial Services LLC", "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC", "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-family-office-cleveland-oh-143112.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 21, "fewer_than_5": false, "raum": 81329308.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 118, "fewer_than_5": false, "raum": 4929519362.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 9, "fewer_than_5": false, "raum": 44162304.0 } ], "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/143112", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }