Wellspring Financial Advisors

Financial Advisor in Highland Heights, OH

Firm Info
Address: 5900 Landerbrook Dr Suite 100, Cleveland, OH 44124, USA
Phone: (216) 367-0680

Firm Size
Assets Under Management: $2.4 billion
# of Advisors: 10
# of Clients: 1,014
Client to Advisor Ratio: 101:1
Average Account Size: $2.4 million
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Selection of Others Advisors
  • Other

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Charitable Organizations

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Fixed Fees (Other than subscription)

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Wellspring Financial Advisors, LLC Overview

Wellspring Financial Advisors, LLC is a registered investment advisory firm that has been in business since 2007. The firm is headquartered in Cleveland, OH and operates using a fee-only arrangement. Their fees are transparent and clear - there are no hidden commissions or incentives. The firm is unique because it is not just a seller of additional financial products, but also provides investment advice to its clients. Their services also include financial planning and portfolio management for individuals and small businesses. They have a range of investment strategies that are tailored to fit the specific needs of each client. One of the best things about Wellspring Financial Advisors is their ability to select other advisors. If a client requires a specific type of expertise or investment strategy that isn't in-house, Wellspring can partner with other advisors to provide the best possible solution to the client. In addition to investment advice services, Wellspring Financial Advisors also provides tax planning and compliance services. This is beneficial to clients, as they can consolidate all of their financial needs with one firm. Overall, Wellspring Financial Advisors, LLC is a well-rounded firm that offers a variety of services to help clients achieve their financial goals.

Wellspring Financial Advisors, LLC caters to a broad range of clients, including individuals, high net-worth individuals, and charitable organizations. Their clients come from all walks of life, professions, and income levels. They believe that everyone deserves financial security and work closely with each client to develop a personalized financial plan that meets their unique needs and goals. Additionally, they offer tailored financial advisory services to ensure their clients have a comprehensive wealth management plan in place. Wellspring Financial Advisors, LLC offers a variety of fee structures depending on the services provided. For clients who require investment management, they offer a percentage of assets under management (AUM) fee structure. This fee is a percentage of the client's assets that the firm manages, and typically ranges between 0.5% to 1.5% of the total AUM. They also offer fixed fees for clients who require financial planning, estate planning, and tax planning services. These fees are based on the complexities of the client's individual financial situation, and are typically negotiated on a case-by-case basis. Wellspring Financial Advisors, LLC prides themselves on being transparent and offering flexible fee structures that meet the unique needs of their diverse clientele.

Typical Clients, Fee Structures & Investment Minimum

The Part 2 Brochure for Wellspring Financial Advisors, LLC mentions that the investment minimums vary depending on the program selected by the client. They state that "investment minimums may range from $50,000 to $1,000,000 depending on the program selected" (page 3). Therefore, there is no specific investment minimum mentioned in the brochure, but clients should be prepared to invest at least $50,000 if they want to work with Wellspring Financial Advisors, LLC.

How This Office Can Help Highland Heights, OH Residents

Sterling Wealth Management is a comprehensive financial planning firm that specializes in helping clients in Clark County, OH, achieve their financial goals. The firm offers a range of services, including retirement planning, investment management, tax planning, and estate planning. With a team of experienced advisors, Sterling Wealth Management can assist clients in navigating their specific financial situations, such as managing debt, building wealth, saving for retirement, and protecting assets. Living in Clark County, OH, individuals and families face unique financial challenges, such as rising healthcare costs, limited job opportunities, economic uncertainty, and unexpected life events. Sterling Wealth Management understands these challenges and can help clients address them through personalized financial planning. By developing a customized plan based on clients' individual goals, risk tolerance, and financial resources, Sterling Wealth Management aims to help clients achieve a secure financial future and peace of mind.

To view the Minimum Investment and Fee Schedule for Wellspring Financial Advisors, LLC, visit their Part 2 Brochure.

Services Offered by Wellspring Financial Advisors, LLC

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Wellspring Financial Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Fixed Fees (Other than subscription)
Unavailable
Hourly
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 5900 Landerbrook Dr Suite 100, Cleveland, OH 44124, USA
Phone (216) 367-0680
Directions
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Other Office Locations

This firm has no other locations.

State Registrations

Wellspring Financial Advisors, LLC is registered to service clients in the following states:

  • California
  • Florida
  • Louisiana
  • Montana
  • New Hampshire
  • Ohio
  • South Carolina
  • Texas

Disciplinary History

Wellspring Financial Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.

FREQUENTLY ASKED QUESTIONS

Fiduciary Financial Advisor FAQs