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Wellspring Family Office

Wellspring Family Office. CRD 143112

Wellspring Family Office logo

CRD: 143112

Wellspring Family Office

$5.1B Total AUM
$1.6B Disc. AUM
27.4% 3Y CAGR
31 Employees
148 ADV. Clients
19 yrs Firm Age

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Firm Details

Custodian
Fidelity/NFS
Clients
Retail and Institutional
Platforms
Available
Established Date
01-01-2007
Office Locations
1

Office Locations

5900 Landerbrook Drive Suite 100 Cleveland OH

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.

Team overview

43 AVG AGE
$459.5M AVG AUM / ADVISOR
$34.2M AVG AUM / CLIENT
9 yrs AVG TENURE
31 Employees
11 Advisory Reps
4 RIA Reps
19yrs Firm Age

Insights

Available
Available
Available
Available
Available
Available
Available
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Asset Classes

Available

Client Personas

Available

Custodian

Available

Investment Themes

Available

Investment Vehicles

Available

Platform

Available

Services

Available

Technology

Available

Owner & Executives

MICHAEL THOMAS NOVAK

MICHAEL THOMAS NOVAK

Chief Executive Officer, Financial Advisor, FOUNDER, General Partner

CRD
#4343549
Ownership
25% but less than 50%
Available
Available
Available
RICHARD JOSEPH TURGEON

RICHARD JOSEPH TURGEON

Associate, Chief Investment Officer, Senior Managing Director

CRD
#2309831
Ownership
10% but less than 25%
Available
Available
Available

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Contacts

B

Bill Ambrogio

Senior Wealth Advisor, Managing Director

CRD
--
Available
Available
Available
K

Kevin Bruss

Portfolio Manager and Director

CRD
--
Available
Available
Available

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Assets Under Management

Total AUM
Discretionary
Non-Discretionary
12-02-2022
04-19-2023
09-23-2024
08-04-2025
06-23-2026
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

Total SMA Asset: Available

Locked Total SMA
Public Funds:
Available
Equity - Exchange:
Available
Cash:
Available
Corporate - Non-Investment Grade:
Available
Municipal Bonds:
Available
Asset class Assets Assets %
Public Funds Available Available
Equity - Exchange Available Available
Cash Available Available
Corporate - Non-Investment Grade Available Available
Municipal Bonds Available Available
Total Available Available

13F Holdings | Q2 2026

Issuer Class CUSIP Ticker % Value
Available Available Available Available Available Available
Available Available Available Available Available Available
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