WELLSPRING WEALTH MANAGEMENT LLC
Adviser information for WELLSPRING WEALTH MANAGEMENT LLC last updated from Form ADV on March 29th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 9 |
|---|---|
| Investment Advisory/Research | 7 |
| Registered Broker-Dealer Representatives | 6 |
| Registered State Investment Advisers | 7 |
| Licensed Agents of an Insurance Company | 4 |
| No. of Firms/People that Solicit Clients | 5 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 497 | $439.8M |
| Non-Discretionary | 1 | $3 |
| Total | 498 | $439.8M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 83 | $33.3M |
| HNW Individuals | 103 | $367.6M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | <5 | $8.5M |
| Charitable organizations | 4 | $7.2M |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 16 | $23.3M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 2 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 26-50 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers) |
|---|---|
| Compensation | % of AUMHourly chargesFixed feesSHARE IN FEE CHARGED BY SUB-ADVISER. |
| Other Business Activities | Registered representative of a broker-dealerInsurance broker or agent |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 0 |
| Both for Same | 130.5M |
| Portfolio Manager to Program | Sponsor |
|---|---|
| STRATEGIC WEALTH MANAGEMENT II | WELLSPRING WEALTH MANAGEMENT LLC |
| MODEL WEALTH PORTFOLIOS | LPL FINANCIAL LLC |
Identifiers
| SEC RIA File Number | 801-64350 |
|---|---|
| SEC ERA File Number | 801-64350 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 134834 |
| Legal Entity Identifier | None |
Principal Office
11720 AMBER PARK DRIVESUITE 150
ALPHARETTA
GA
United States
Monday - Friday, 8:00 A.M. - 5:00 P.M.
Tel: 770-410-4088, Fax: 770-410-9366
Chief Compliance Officer
VALERI BISHOP
AIF, SENIOR INVESTMENT ADVISOR
11720 AMBER PARK DRIVE
SUITE 150
ATLANTA
GA
United States
Tel:
770-410-4088
Fax:
770-410-9366
V******@*******************M
(Full email address available in API data)
Regulatory Contact
J. DAVID GLOVER
CHAIRMAN AND MANAGING PARTNER
11720 AMBER PARK DRIVE
SUITE 150
ALPHARETTA
GA
United States
Tel:
770-410-4088
Fax:
770-410-9366
D******@*******************M
(Full email address available in API data)
Industry Affiliates
| WELLSPRING ASSOCIATES | Insurance company or agency |
| WELLSPRING PLANNING GROUP LLC | Other investment adviser, including financial planners |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| GLOVER, JOHN, DAVID | Individual | – | CHAIRMAN AND MANAGING PARTNER | 05/2009 | < 5% |
| GLOVER, JOHN, DAVID | Individual | WELLSPRING WEALTH, LLC | MANAGING PARTNER | 01/2017 | 50-75% |
| RAABE, GREGORY, ALLEN | Individual | JBSGBJ HOLDINGS LLC | MANAGING MEMBER | 03/2020 | 25-50% |
| WRIGHT, DENNIS, RAY | Individual | WELLSPRING WEALTH, LLC | MANAGING PARTNER | 05/2018 | 25-50% |
| WELLSPRING WEALTH, LLC | Domestic Entity | – | OWNER | 01/2017 | > 75% |
| JBSGBJ HOLDINGS LLC | Domestic Entity | WELLSPRING WEALTH, LLC | MINORITY PARTNER | 01/2017 | 25-50% |
| BISHOP, VALERI, JAN | Individual | – | CHIEF COMPLIANCE OFFICER | 03/2021 | < 5% |
| WINSTON, MARK, HOWELL | Individual | WELLSPRING WEALTH, LLC | PARTNER | 09/2021 | 25-50% |