{"url":"https://nivawealth.com/firms/hillspring-financial-113938","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/113938","regulatoryAum":185998213,"crd":"113938","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5602588","suffix":null,"lastName":"COX","firstName":"ALAN","middleName":"DOUGLAS"},{"crd":"1514412","suffix":null,"lastName":"FORSEY","firstName":"KENT","middleName":"GARRY"}],"total":2,"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":"2025-03-05","regulatoryAum":154788350,"clients":368,"employees":4,"offices":1},{"filedOn":"2026-03-13","regulatoryAum":185998213,"clients":270,"employees":4,"offices":1}],"secFileNumber":"801-130993","legalName":"Hillspring Financial, Inc.","displayName":"Hillspring Financial","slug":"hillspring-financial-113938","website":"https://hillspringfinancial.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/113938/d3f2aeefb8c4c1e8-r1.webp","tone":"light","width":248,"height":200,"sourceUrl":"https://hillspringfinancial.com/","sourceLabel":"Hillspring Financial, Inc., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Utah corporation","fiscalYearEnd":"December","headquarters":{"street":"12213 W. Bell Road, Suite 209","city":"Surprise","state":"AZ","stateName":"Arizona","country":"United States","postalCode":"85378"},"tradeNames":[],"registration":{"secApproved":"11 September 2024","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":510409.71153846156,"staff":{"employees":4,"advisory":2,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":185998213,"discretionary":185998213,"discretionaryAccounts":652,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":22708133,"nonUsClientsPct":0,"nonAumClients":8},"clientTypes":[{"label":"Individuals (other than HNW)","clients":231,"regulatoryAum":74384952},{"label":"High-net-worth individuals","clients":29,"regulatoryAum":58321573},{"label":"Pension and profit-sharing plans","clients":10,"regulatoryAum":53291688}],"feePrograms":[{"role":"other","program":"Financial planning and consulting","summary":"Financial planning and consulting is billed at $195 an hour; a typical financial plan costs between $295 and $3,000.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018419","versionId":1018419,"submittedOn":"2026-03-13","documentName":"FORM ADV2A - SEC"},{"role":"other","program":"Retirement plan services","summary":"The annual 401(k) advisory fee is 0.20% to 1.1% depending on the size of the plan assets, collected by the plan custodian.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018419","versionId":1018419,"submittedOn":"2026-03-13","documentName":"FORM ADV2A - SEC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T12:16:55.356083+00:00","documents":[{"name":"FORM ADV2A - SEC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018419","versionId":1018419,"submittedOn":"2026-03-13"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":123742347}],"custodyNote":"Hillspring Financial has custody of $5.5M in client assets for 23 clients.","otherCustodians":[],"leadership":[{"name":"Kent Forsey","title":"President/Chief Compliance Officer","crd":"1514412"}],"ownership":[{"label":"Kent Forsey","detail":"President/chief compliance officer in the 75% or more ownership band and a control person, since July 2012."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Arizona","offices":1,"addresses":[{"street":"12213 W. Bell Road, Suite 209","city":"Surprise","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"623-583-6141","stateRegisteredReps":2,"otherAdviserReps":1,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":15},{"label":"U.S. government/agency bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":78},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":1,"detail":"Variable & Fixed Indexed Annuities"}],"privateFunds":0},"sources":{"adv1FilingDate":"13 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/113938/PDF/113938.pdf","brochureDate":"13 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018419","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 Hillspring Financial have?","answer":"Hillspring Financial has 270 clients and manages $186 million for them, as of March 2026. They include 231 individual clients, 29 high-net-worth individuals, and 10 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 13 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Hillspring Financial offer?","answer":"Hillspring Financial provides financial planning, portfolio management for individuals and small businesses, pension consulting, 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 Hillspring Financial use?","answer":"Hillspring Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $124M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Hillspring Financial have?","answer":"Hillspring Financial has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 Hillspring Financial invest in?","answer":"At the end of its last fiscal year, Hillspring Financial’s separately managed accounts held 78% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 3% U.S. government and agency bonds, 3% cash and equivalents and 1% other. The 1% other category is described as: Variable & Fixed Indexed Annuities.","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 Hillspring Financial?","answer":"Hillspring Financial’s direct owner is Kent Forsey (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 13 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Hillspring Financial get paid?","answer":"Hillspring Financial is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 Hillspring Financial?","answer":"Hillspring Financial’s main office is at 12213 W. Bell Road, Suite 209, Surprise, AZ 85378. Its phone number is 623-583-6141. Its website is hillspringfinancial.com.","source":"Form ADV Part 1A, Item 1.F, filed 13 March 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."}