Wellspring Financial, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Wellspring Financial serves individual clients, including high-net-worth households, by providing discretionary and non-discretionary portfolio management alongside financial planning services. The firm advises on mutual funds, exchange-traded funds, and variable annuities and implements model portfolios as the basis for client allocations.
The firm’s investment work is model-driven and grounded in modern portfolio theory, emphasizing long-term purchases, diversification, and periodic rebalancing; clients invested in model portfolios generally may not restrict specific holdings within those models. Wellspring recommends and routinely directs custody and trade execution to a single custodian through a custodial program and charges asset-based advisory fees billed on a regular basis.
A notable distinction is that the firm’s principals are licensed insurance agents who may sell insurance products and variable annuities for commission in addition to charging asset-based advisory fees, a practice the brochure identifies as a potential conflict of interest and which is uncommon among peers. The brochure also discloses a past compliance lapse involving late registration in one state and notes the firm’s participation in a custodial program that provides benefits to the adviser, which may indirectly influence custody recommendations.
Client services
Expertise
Fee options
Financial planning services fixed fees ranging from $1,000 to $5,000, negotiable based on complexity and scope.
0.75% - 1.20% annually, varying based on assets under management and complexity of services
Licensed insurance agents affiliated with the firm earn commissions on insurance products sold, which is separate from advisory fees.
Account minimum: No minimum stated; however, the firm may terminate accounts they determine are too small to manage effectively or not in the client's best interest. Fee-only: Portfolio management fees are annual fees between 0.75% and 1.20% of assets under management, billed quarterly in arrears.
Main office
See officeSouth Windsor CT
Advisors at this office
1
Offices (3)
Most active in
Connecticut · Massachusetts · New York
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.
Forms ADV
Quick links
Advisors at this firm
Brian A
CFP®, Series 65
Guilford, CT
Wellspring Financial, LLC
Brian Andrus is a CFP® with 39 years of industry experience. He has been with Wellspring Financial, LLC since 2017 and previously operated the Andrus Agency since 1995. Wellspring Financial serves individual clients, including high-net-worth households, offering discretionary and non-discretionary portfolio management alongside financial planning. The firm employs a model-driven investment approach based on modern portfolio theory, emphasizing diversification and long-term holdings.
Matthew D
ChFC®, Series 65
Simsbury, CT
Wellspring Financial, LLC
Matthew Dreier Jr. is a financial advisor at Wellspring Financial, LLC with seven years of industry experience. He holds the ChFC® designation and Series 65 license. Prior to joining Wellspring Financial in 2018, he worked at Aetna from 2012 to 2018. Wellspring Financial serves individual clients, including high-net-worth households, offering discretionary and non-discretionary portfolio management alongside financial planning. The firm uses a model-driven investment approach based on modern portfolio theory, emphasizing diversification, long-term holdings, and periodic rebalancing.
Michael P
ChFC®
South Windsor, CT
Wellspring Financial, LLC
Michael Puckly is a ChFC® with 34 years of industry experience. He has been with Wellspring Financial, LLC since 2017 and previously worked at Lifeline Financial, LLC from 2008 to 2017. Outside of his advisory role, he serves on the Executive Committee of Riverfront Recapture. Wellspring Financial serves individual clients, including high-net-worth households, offering discretionary and non-discretionary portfolio management alongside financial planning. The firm uses a model-driven investment approach grounded in modern portfolio theory, focusing on long-term purchases, diversification, and periodic rebalancing.
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