Wellspring Family Office
Firm details
- Headquarters
- Cleveland, Ohio
- CRD number
- 143112
- Registered since
- March 15, 2007
- Custodians
- NATIONAL FINANCIAL SERVICES LLC
- Fee structure
- Percentage of AUM, Fixed Fees
- Client types
- HNWI97.52%
- Individuals1.61%
- Charitable Organizations0.87%
- Services
- Financial PlanningPortfolio Management for IndividualsSelection of Other Advisers
Firm profile
FINTRXOverview
Wellspring Family Office is an independent registered investment adviser that has been SEC‑registered since 2007 and operates as a limited liability company. The firm positions itself as a family-office style allocator and adviser, serving individual and family clients as well as some institutional relationships. Its service mix includes financial planning, portfolio management for individuals and small businesses, and selection of outside advisers; the firm also identifies as a capital allocator and performs other financial product sales activities. Fee arrangements combine percentage-of-AUM billing with fixed fees. Wellspring is not an active ESG investor according to its filings. The firm received an "Elite Advisors" recognition from CNBC in 2026.
Assets & Accounts
Public Holdings
Investments & Alternatives
Investment profile
FINTRXTraditional investments used
Alternative investments used
Active ESG investor
Technology & operations
FINTRXCRM & tech providers
TAMPs used
Clients
FINTRXClient base
Client personas
Asset composition
- Public Funds/Mutual Funds64%
- Exchange Traded Equities23%
- Non-Investment Grade Corp Bonds6%
- Cash & Cash Equivalents6%
- State & Local Bonds1%
Owners & executives
2 of 2Jeffrey Kadlic
President, Chief Operating OfficerCRD 4780385
Michael Novak
Founder, President and CEOCRD 4343549
Contacts
3 of 5
Richard Turgeon
Senior Managing DirectorCRD 2309831
Kathryn Madzsar
Managing Director & Senior Wealth AdvisorCRD 6896671
Laura Capuozzo
Head of OperationsCRD 5293780
Wealth teams
FINTRXNewly hired reps
FINTRXRecent M&A activity
FINTRXRecent filings
FINTRXAwards
FINTRXETF holdings
1 of 89Active vs passive
$7.9B in ETFs
91%
$7.1B
0%
$715M
| ETF | Provider | Style | Category | Value | Shares | % of portfolio |
|---|---|---|---|---|---|---|
| ISHARES CORE S&P 500 ETF (IVV) | BlackRock | Passive | Large Blend | $3.5B | 4,794,502 | 44.17% |
Location
Cleveland, OH
Cuyahoga
Location
Cleveland, OH
Headquartered in Cleveland, OH, anchoring the Cleveland-Akron-Canton, OH metro in the Midwest.
- Metro area
- Cleveland-Akron-Canton, OH
- Region
- Midwest
- County
- Cuyahoga
- Address
- 5900 Landerbrook Dr
- Time zone
- ET (UTC-5)
- Office locations
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