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- Custodian
- Fidelity/NFS
- Clients
- Retail and Institutional
- Platforms
- Available in AdvizorPro
- Established Date
- 01-01-2007
- Office Locations
- 3
Office Locations
About Wellspring Family Office
Wellspring Financial Advisors is a Cleveland-based RIA focused on family advisory, serving as a single point of connection to simplify complex financial lives across generations. The firm provides financial and wealth planning, estate and business-succession planning, insurance, and portfolio construction. Investment management emphasizes active management, asset allocation, and fixed income using mutual funds and ETFs, with Fidelity/NFS custody and the Black Diamond platform.
Reported data analysis
What the numbers show
Between August 4, 2025 and June 23, 2026, reported AUM increased 20.0%, from $4.2B to $5.1B.
Across 5 reported observations, AUM increased 108.8% between December 2, 2022 and June 23, 2026, from $2.4B to $5.1B.
Of the latest reported AUM, 32.5% is discretionary and 67.5% is non-discretionary.
The firm reports 11 advisory representatives and 148 clients, or 13.5 clients per representative. That equates to $34.2M in reported AUM per client.
The profile lists 3 reported office locations and 19 years in operation. The source data was last updated on June 23, 2026. Figures reflect reported regulatory data and may not include subsequent changes.
Team overview
Additional firm insights
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Available data coverage
- Asset Classes
- Client Personas
- Custodian
- Investment Themes
- Investment Vehicles
- Platform
- Services
- Technology
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The full Wellspring Family Office record includes the detailed values behind these data categories, along with filters and export-ready prospecting fields.
Owner & Executives
MICHAEL THOMAS NOVAK
Chief Executive Officer, Financial Advisor, FOUNDER, General Partner
- CRD
- #4343549
- Ownership
- 25% but less than 50%
RICHARD JOSEPH TURGEON
Associate, Chief Investment Officer, Senior Managing Director
- CRD
- #2309831
- Ownership
- 10% but less than 25%
Showing 2 of 7 owners & executives
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Kevin Bruss
Portfolio Manager and Director
- CRD
- --
Andrew Scott Doepker
--
- CRD
- #7424316
Showing 2 of 18 contacts
Unlock allAssets Under Management
| Category | Assets | AVG. Account size |
|---|---|---|
| Discretionary | $1,643,488,356 | $1,728,169 |
| Non-Discretionary | $3,411,522,618 | $3,101,384 |
| Total | $5,055,010,974 | $2,464,657 |
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Separately Managed Accounts
SMA allocation detail is available
Wellspring Family Office has reported separately managed account data across 5 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.
13F Holdings | Q2 2026
Review the latest reported holdings
Wellspring Family Office's 13F holdings detail is available for Q2 2026, including issuer, security class, CUSIP, ticker, portfolio weight, and reported value.
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