Wellspring Family Office
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$5,010,848,670
Clients
139
Advisors
9
of 31 employees
About
Wellspring Family Office is an independent multi-family office that serves high-net-worth individuals, families, trusts, estates and related entities. The firm provides a broad suite of services including investment advisory, comprehensive financial and estate planning, income tax planning and preparation, risk management, strategic philanthropy, business succession planning and bill-payment services.
The firm follows an open-architecture investment approach that combines passive and active strategies, using mutual funds and ETFs as primary implementation vehicles and select outside managers for customized fixed‑income mandates; it emphasizes strategic asset allocation, periodic rebalancing, tax efficiency and a long-term horizon. Clients and Wellspring document investment constraints in an Investment Policy Guideline and Wellspring reports that a majority of its assets ($3.41B non‑discretionary vs. $1.64B discretionary as of December 31, 2025) are managed on a non‑discretionary basis, so ongoing client communication and client approvals play a central role.
Noteworthy aspects of the firm include its fee‑only model and an explicit policy that it does not accept commissions or compensation for the sale of securities or other investment products. Wellspring also integrates forward‑looking, year‑round income tax planning with tax return preparation and offers family office functions such as trustee/executor services and administration of nonprofit entities, which extend the firm’s scope beyond investment management alone.
Client services
Expertise
Occupation focus
Fee options
$0 - $3,000,000: 0.75% $3,000,000 - $5,000,000: 0.50% $5,000,000 - $10,000,000: 0.35% $10,000,000 - $20,000,000: 0.25% $20,000,000+: 0.15%
Fixed annual retainer billed quarterly in advance, fees negotiated and adjusted bi-annually.
Fee-only: Fees are billed as fixed annual retainer converted from asset-based fees and billed quarterly in advance; fees are negotiable.
Main office
See office5900 Landerbrook Drive, Suite 100
Cleveland OH 44125
Advisors at this office
9
Most active in
California · Florida · Louisiana · Montana · New Hampshire · Ohio · South Carolina · Texas
Also doing business as
Well Spring Financial, LLC · Wellspring Family Office · Wellspring Family Office, LLC · Wellspring Financial Advisors, 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 active or affiliated with:
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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.
Quick links
Advisors at this firm
Michael N
PFS™
Cleveland, OH
Wellspring Family Office
Michael Novak is a PFS™ credentialed advisor with 21 years of industry experience. He has been with Wellspring Financial Advisors, LLC since 2007. Wellspring Family Office is an independent multi-family office serving high-net-worth individuals, families, trusts, estates, and related entities. The firm offers a broad range of services including investment advisory, comprehensive financial and estate planning, income tax planning and preparation, and family office functions, employing an open-architecture investment approach that combines passive and active strategies.
Kathryn M
CFP®
Cleveland, OH
Wellspring Family Office
Kathryn Madzsar is a CFP® professional with eight years of industry experience, currently with Wellspring Family Office in Cleveland, OH. She has been with Wellspring Financial Advisors since 2014. Wellspring Family Office is an independent multi-family office serving high-net-worth individuals, families, trusts, estates, and related entities. The firm offers a comprehensive range of services including investment advisory, financial and estate planning, income tax planning, risk management, and business succession planning, using an open-architecture investment approach that emphasizes strategic asset allocation and tax efficiency.
Andrew D
CFP®
Cleveland, OH
Wellspring Family Office
Andrew Doepker is a CFP® professional currently with Wellspring Family Office, bringing four years of prior experience at Summit Financial Strategies and graduate-level education completed in 2022. He has been with Wellspring since 2026. Wellspring Family Office serves high-net-worth individuals, families, trusts, and estates with a range of services including investment advisory, financial and estate planning, income tax planning, and business succession planning. The firm employs an open-architecture investment approach that combines passive and active strategies, emphasizing tax efficiency and long-term asset allocation.
Richard T
CFA®, Series 63
Cleveland, OH
Wellspring Family Office
Richard Turgeon is a CFA® charterholder and holds a Series 63 license, with eight years of industry experience. He has worked at Wellspring Financial Advisors since 2014. Wellspring Family Office is an independent multi-family office serving high-net-worth individuals, families, trusts, estates, and related entities. The firm offers a broad range of services including investment advisory, comprehensive financial and estate planning, income tax planning and preparation, risk management, strategic philanthropy, business succession planning, and bill-payment services, utilizing an open-architecture investment approach that combines passive and active strategies.
Eric H
CFP®
Cleveland, OH
Wellspring Family Office
Eric Hanna is a CFP® affiliated with Wellspring Family Office in Cleveland, OH, where he has been employed since 2023. He is new to the financial advisory industry, having no prior experience before joining Wellspring. Wellspring Family Office is an independent multi-family office serving high-net-worth individuals, families, trusts, estates, and related entities. The firm offers a broad range of services including investment advisory, financial and estate planning, tax planning, risk management, philanthropy, business succession, and bill-payment services, utilizing an open-architecture investment approach that emphasizes strategic asset allocation and tax efficiency.
Jennifer S
CFP®
Cleveland, OH
Wellspring Family Office
Jennifer Staton is a CFP® professional with seven years of experience at Wellspring Family Office and four years previously at PNC - Hawthorn. She is based in Cleveland, OH. Wellspring Family Office is an independent multi-family office serving high-net-worth individuals, families, trusts, estates, and related entities. The firm offers investment advisory, financial and estate planning, income tax planning, risk management, philanthropy, business succession, and bill-payment services, using an open-architecture investment approach combining passive and active strategies.
Anna V
CFP®, Series 66
Cleveland, OH
Wellspring Family Office
Anna Vitale is a CFP®-certified financial advisor at Wellspring Family Office with three years of industry experience. She previously worked at Key Investment Services, LLC and Marcum Wealth, among other positions. Wellspring Family Office is an independent multi-family office serving high-net-worth individuals, families, trusts, estates, and related entities. The firm offers a broad range of services including investment advisory, financial and estate planning, income tax planning, risk management, and business succession planning, using an open-architecture investment approach that combines passive and active strategies.
Andrew S
CFP®
Cleveland, OH
Wellspring Family Office
Andrew Siciliano is a CFP® professional at Wellspring Family Office in Cleveland, OH, with five years of experience at the firm following five years as a student. He has been with Wellspring Family Office since 2021. Wellspring Family Office is an independent multi-family office serving high-net-worth individuals, families, trusts, estates, and related entities. The firm offers a comprehensive range of services including investment advisory, financial and estate planning, income tax planning, risk management, and business succession planning, employing an open-architecture investment approach that combines passive and active strategies.
William A
CFP®
Cleveland, OH
Wellspring Family Office
William Ambrogio is a CFP® professional at Wellspring Family Office in Cleveland, OH, with eight years of industry experience. He has been with Wellspring Financial Advisors since 2016. Wellspring Family Office is an independent multi-family office serving high-net-worth individuals, families, trusts, and estates. The firm offers comprehensive financial, estate, and tax planning services alongside investment advisory, employing an open-architecture approach that blends passive and active strategies with a focus on strategic asset allocation and tax efficiency.
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