Simsbury, CT Office

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.