Spring Capital Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$199,790,204
Clients
132
Advisors
2
of 2 employees
About
Spring Capital Management, L.L.C. provides discretionary investment management to individuals, high‑net‑worth individuals, businesses, trusts and estates, primarily through its proprietary Spring Capital ADEPT wrap‑fee program and by referring clients to third‑party money managers. The firm reports approximately $223 million in discretionary assets under management for about 132 clients and operates with two investment adviser representatives.
The firm delivers portfolio oversight via its wrap program, including model updates, aggregated trading for non‑restricted accounts, and the selection and monitoring of outside money managers when appropriate; custodial relationships are maintained with Schwab and, more recently, Altruist. Spring Capital discloses ERISA fiduciary responsibilities for plan accounts, conducts at least annual reviews, and implements discretionary trading and reallocation consistent with client objectives.
Notable differences from many peers include acting as the sponsor of its own wrap‑fee program — the ADEPT program — and disclosing that it advertises performance results in its materials, both of which are uncommon among similarly supported firms. The brochure also highlights a small, two‑adviser team managing more than $200 million, the use of third‑party manager arrangements, and disclosed outside business activities (including a registered representative role and insurance sales) that the firm monitors and requires to be disclosed as potential conflicts of interest.
Client services
Expertise
Fee options
Third party money managers charge 0.35%-0.7%; Mr. Rathbun charges 0.3%-1.1% (negotiable), total not to exceed 1.8%.
Main office
600 S. Tyler, Suite 1515
Amarillo TX 79101
Advisors at this office
2
Most active in
Texas
Also doing business as
Sage Asset Management, LLC · Spring Capital Management · Spring Capital Management, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Robert R
Series 63
Amarillo, TX
Spring Capital Management
Robert Rathbun is a financial advisor at Spring Capital Management with 44 years of industry experience. He holds a Series 63 designation and has held roles at Purshe Kaplan Sterling Investments and Argentus Advisors prior to joining Spring Capital in 2017. Rathbun is also a licensed insurance agent specializing in fixed insurance and annuities and serves on the advisory board for WTAMU College of Fine Arts and Humanities. Spring Capital Management provides discretionary investment management to individuals, high-net-worth clients, businesses, trusts, and estates primarily through its proprietary Spring Capital ADEPT wrap-fee program and referrals to third-party money managers. The firm manages approximately $223 million in assets for about 132 clients with a two-adviser team.
Richard M
Series 63, Series 66
Amarillo, TX
Spring Capital Management
Richard Mcelreath is a financial advisor at Spring Capital Management with 27 years of industry experience. He holds Series 63 and Series 66 licenses and has worked at Spring Capital Management since 2016, following ten years at Purshe Kaplan Sterling Investments and nine years at Argentus Advisors. Outside of his advisory role, Mcelreath serves as an investment committee member for Arvest Asset Management and manages operations for RJAE, LLC, a holding company unrelated to investment services. Spring Capital Management provides discretionary investment management to individuals, high-net-worth clients, businesses, trusts, and estates, primarily through its proprietary ADEPT wrap-fee program and referrals to third-party money managers. The firm manages over $200 million in assets with a two-adviser team and emphasizes portfolio oversight, regular reviews, and the use of outside money managers when appropriate.
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