Cedar Spring Advisors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Cedar Spring Advisors reports 285 clients. They include 231 individual clients, 53 high-net-worth individuals and 1 charitable organization. Of its assets, 89.1% ($151M across 721 accounts) are managed with discretion; $18.4M across 84 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 40% |
| High-net-worth individuals | 19% | 60% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 231 | $67.7M | 40.0% | $293K |
| High-net-worth individuals | 53 | $101M | 59.8% | $1.91M |
| Charitable organizations | Fewer than 5 | $452K | 0.3% | $452K |
| Total | 285 | $169M | 100% | — |
- Clients
- 231
- Regulatory AUM
- $67.7M
- AUM share
- 40.0%
- Avg. per client
- $293K
- Clients
- 53
- Regulatory AUM
- $101M
- AUM share
- 59.8%
- Avg. per client
- $1.91M
- Clients
- Fewer than 5
- Regulatory AUM
- $452K
- AUM share
- 0.3%
- Avg. per client
- $452K
Total
- Clients
- 285
- Regulatory AUM
- $169M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Cedar Spring Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Charged an hourly fee of $175 per hour or a flat fee between $1,000 and $5,000, at the client's election.
Michelle Fletcher owns 50% to 75% of Cedar Spring Advisors. The leadership team of Cedar Spring Advisors includes Chief Compliance Officer Michelle Fletcher. It has 4 employees.
Staff
- 4 employees
- 4 in advisory functions
- 4 state-registered reps
- 4 insurance agents
- Owns 50% to 75% of Cedar Spring Advisors, LLC
Michelle Fletcher
Control person · since June 2017
- Owns 50% to 75% of Cedar Spring Advisors, LLC
Justin McMaster
Control person · since July 2017
Cedar Spring Advisors’ regulatory assets grew 1.7× from $101M (March 2023) to $169M (January 2026); clients rose from 218 to 285 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jan 2026January 2026 | $169M | 285 | 4 | 3 |
| Jan 2025January 2025 | $139M | 266 | 4 | 3 |
| Jul 2024July 2024 | $115M | 242 | 4 | 3 |
| Mar 2023March 2023 | $101M | 218 | 4 | 3 |
Besides its headquarters, Cedar Spring Advisors has 2 offices (2 private residences, listed without an address), with 1 listed address with no US state reported.
Other business names
Cedar Spring Advisors has reported 4 other business names to the SEC.
- Fletch Financial
- Halcyon Financial
- McMaster Financial
- Rago Financial
Contact and registration details
- Legal name
- Cedar Spring Advisors, LLC
- Headquarters
- Not reported
- Website
- Not reported
- Phone
- 717-224-1238
- SEC file
- 801-127474
- Structure
- Pennsylvania LLC
- Fiscal year end
- December
Cedar Spring Advisors’ named custodian for separately managed accounts is Charles Schwab ($146M). Cedar Spring Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Omaha, NE · $146M100%
At year end, Cedar Spring Advisors’ separately managed accounts were mostly in funds (60%) and stocks (21%).
What the accounts hold
- Stocks21%
- Funds60%
- Bonds1%
- Cash18%
How many clients does Cedar Spring Advisors have?
Cedar Spring Advisors has 285 clients and manages $169 million for them, as of January 2026. They include 231 individual clients, 53 high-net-worth individuals and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 January 2026
What services does Cedar Spring Advisors offer?
Cedar Spring Advisors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Cedar Spring Advisors use?
Cedar Spring Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Omaha, NE), with $146M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 January 2026
How many financial advisors does Cedar Spring Advisors have?
Cedar Spring Advisors has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cedar Spring Advisors invest in?
At the end of its last fiscal year, Cedar Spring Advisors’ separately managed accounts held 60% registered funds (mutual funds, ETFs, BDCs), 21% exchange-traded equities, 18% cash and equivalents and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cedar Spring Advisors?
Cedar Spring Advisors’ direct owners are Michelle Fletcher (50% to 75%) and Justin McMaster (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 January 2026
How does Cedar Spring Advisors get paid?
Cedar Spring Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Cedar Spring Advisors?
Its phone number is 717-224-1238.