{"url":"https://nivawealth.com/firms/cedar-spring-advisors-289329","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/289329","regulatoryAum":169418524,"crd":"289329","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2057964","suffix":null,"lastName":"FLETCHER","firstName":"MICHELLE","middleName":"LACOSTE"},{"crd":"5989291","suffix":null,"lastName":"MCMASTER","firstName":"JUSTIN","middleName":"P"},{"crd":"7605105","suffix":null,"lastName":"Rago","firstName":"Robert","middleName":"Joseph"},{"crd":"7407201","suffix":null,"lastName":"Worst","firstName":"Brendon","middleName":"Christopher"}],"total":4,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2023-03-17","regulatoryAum":100783947,"clients":218,"employees":4,"offices":3},{"filedOn":"2024-07-11","regulatoryAum":115399021,"clients":242,"employees":4,"offices":3},{"filedOn":"2025-01-29","regulatoryAum":139398193,"clients":266,"employees":4,"offices":3},{"filedOn":"2026-01-27","regulatoryAum":169418524,"clients":285,"employees":4,"offices":3}],"secFileNumber":"801-127474","legalName":"Cedar Spring Advisors, LLC","displayName":"Cedar Spring Advisors","slug":"cedar-spring-advisors-289329","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Pennsylvania limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":["Fletch Financial","Halcyon Financial","McMaster Financial","Rago Financial"],"registration":{"secApproved":"16 March 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":594951.6514084507,"staff":{"employees":4,"advisory":4,"brokerDealerReps":0,"insuranceAgents":4,"promoters":0},"aum":{"regulatory":169418524,"discretionary":151035086,"discretionaryAccounts":721,"nonDiscretionary":18383438,"nonDiscretionaryAccounts":84,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":231,"regulatoryAum":67733323},{"label":"High-net-worth individuals","clients":53,"regulatoryAum":101232946},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":452255}],"feePrograms":[{"role":"other","program":"Financial Planning and Consulting","summary":"Charged an hourly fee of $175 per hour or a flat fee between $1,000 and $5,000, at the client's election.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1004217","versionId":1004217,"submittedOn":"2026-01-27","documentName":"ADV2A-2B SEC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T15:51:19.157058+00:00","documents":[{"name":"ADV2A-2B SEC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1004217","versionId":1004217,"submittedOn":"2026-01-27"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Omaha, NE","smaAssets":146045352}],"custodyNote":"Cedar Spring Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Michelle Fletcher","title":"Chief Compliance Officer","crd":"2057964"},{"name":"Justin McMaster","title":"Member","crd":"5989291"}],"ownership":[{"label":"Michelle Fletcher","detail":"Chief compliance officer in the 50% to 75% ownership band and a control person, since June 2017."},{"label":"Justin McMaster","detail":"Member in the 50% to 75% ownership band and a control person, since July 2017."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":2},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"717-224-1238","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":21},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":60},{"label":"Cash and cash equivalents","percent":18}],"privateFunds":0},"sources":{"adv1FilingDate":"27 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/289329/PDF/289329.pdf","brochureDate":"27 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1004217","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Cedar Spring Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Cedar Spring Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Cedar Spring Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Cedar Spring Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Cedar Spring Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Cedar Spring Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cedar Spring Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Cedar Spring Advisors?","answer":"Its phone number is 717-224-1238.","source":"Form ADV Part 1A, Item 1.F, filed 27 January 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}