Wealth manager, independent · Cleveland, OH
Wellspring Family Office
Wellspring Financial Advisors, LLC · SEC-registered investment adviser · CRD 143112 · SEC 801-67630
At a glance
Wellspring Family Office is an SEC-registered investment adviser based in Cleveland, Ohio, with $5.1B in regulatory assets under management as of its Form ADV filed June 23, 2026. It reports 139 individual clients, 118 of them high-net-worth, holding an average of about $36 million each, and 31 employees. That ranks it 216th among the nation’s 5,657 independent wealth management RIAs and 12th of 226 in Ohio. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 216-367-0680wellspringadvisorsllc.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $5.1B
- Rank among independent wealth managers
- #216 of 5,657
- Rank among all SEC RIAs
- #2,086 of 17,210
- Rank in Ohio
- #12 of 226
- Individual clients
- 139
- High-net-worth clients
- 118
- Accounts
- 2,051
- Discretionary
- 33% of AUM
- Employees
- 31
- Advisory staff
- 11
- Offices
- 1
Owners and executives on its Form ADV
- Michael T. NovakFounder & CEO
- Laura A. CapuozzoHead of Operations | Managing Director | CCO
- Richard J. TurgeonCIO | Senior Managing Director
- Jennifer StatonDirector
- Jeffrey D KadlicPresident & COO
- William J. AmbrogioSR. Wealth Advisor | Managing Director
- Kathryn E MadzsarSR. Wealth Advisor | Managing Director
Custody and brokerage
Broker-dealer
No broker-dealer ties
Wellspring Family Office reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 118 | $4.9B | 98% |
| Individuals | 21 | $81M | 2% |
| Charitable organizations | 9 | $44M | <1% |
Disciplinary disclosures
Wellspring Family Office reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗wellspringadvisorsllc.com ↗
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The full record on Wellspring Family Office
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 799 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Ohio
All of Ohio →| Firm | Regulatory AUM | Clients |
|---|---|---|
| TFO Wealth PartnersMaumee | $5.7B | 1,815 |
| Constellation Wealth AdvisorsCincinnati | $5.4B | 403 |
| Venture Visionary Partners LLCSylvania | $5.2B | 2,660 |
| Daymark Wealth Partners, LLCCincinnati | $5.0B | 2,060 |
| Hamilton CapitalColumbus | $4.9B | 2,744 |
| Prosperity Capital AdvisorsWestlake | $4.4B | 7,469 |
Background
Questions
How much does Wellspring Family Office manage?
Wellspring Family Office reports $5.1B in regulatory assets under management across 2,051 accounts, 33% of it on a discretionary basis, on its Form ADV filed June 23, 2026.
How many clients does Wellspring Family Office have?
It reports 139 individual clients: 118 high-net-worth individuals and 21 other individuals. Individuals account for about 99% of its regulatory assets.
Where is Wellspring Family Office headquartered?
Its main office is in Cleveland, Ohio. It reports 1 office in total and 31 employees, 11 of whom perform investment advisory functions.
How does Wellspring Family Office charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Wellspring Family Office use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed June 23, 2026, it reports these amounts held: Fidelity ($1.9B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Wellspring Family Office a hybrid RIA with a broker-dealer?
Wellspring Family Office reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Wellspring Family Office a fiduciary?
As an SEC-registered investment adviser, Wellspring Family Office owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Wellspring Family Office’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-23), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →