Wellspring Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, family office services, insurance, and philanthropic planning. Financial planning was provided to 1–10 clients last fiscal year.
Wellspring Wealth Management reports 262 clients. They include 132 high-net-worth individuals, 110 individual clients, and 13 corporations and other businesses. Nearly all assets ($585M across 643 accounts) are managed with discretion; $3 across 1 account is not. A wrap fee program the firm both sponsors and manages holds $156M. It advised 3 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 42% | 6% |
| High-net-worth individuals | 50% | 87% |
| Pension and profit-sharing plans | 0% | <1% |
| Charitable organizations | 3% | 2% |
| Corporations and other businesses | 5% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 110 | $33.4M | 5.7% | $303K |
| High-net-worth individuals | 132 | $512M | 87.5% | $3.88M |
| Pension and profit-sharing plans | Fewer than 5 | $4.53M | 0.8% | — |
| Charitable organizations | 7 | $14.2M | 2.4% | $2.03M |
| Corporations and other businesses | 13 | $21.1M | 3.6% | $1.62M |
| Total | 262 | $585M | 100% | — |
- Clients
- 110
- Regulatory AUM
- $33.4M
- AUM share
- 5.7%
- Avg. per client
- $303K
- Clients
- 132
- Regulatory AUM
- $512M
- AUM share
- 87.5%
- Avg. per client
- $3.88M
- Clients
- Fewer than 5
- Regulatory AUM
- $4.53M
- AUM share
- 0.8%
- Avg. per client
- —
- Clients
- 7
- Regulatory AUM
- $14.2M
- AUM share
- 2.4%
- Avg. per client
- $2.03M
- Clients
- 13
- Regulatory AUM
- $21.1M
- AUM share
- 3.6%
- Avg. per client
- $1.62M
Total
- Clients
- 262
- Regulatory AUM
- $585M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 3
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Wellspring Wealth Management charges 0.25%–1.50% a year for its Investment Advisory Services. The fee is billed in advance and is negotiable. The brochure also prices 5 other services, listed under fee details.
Fee details and sources
Other fees
- Consulting
- Consulting is charged hourly at $250 to $500, payable in arrears, or as a flat fee of $0 to $25,000, payable in advance.
- Financial planning
- Financial planning is a negotiable flat fee of $0 to $100,000, stated in the Financial Planning Agreement.
- Portfolio advisement service
- The annual fee for portfolio advisement ranges from 0.25% to 1.00% of account value, invoiced quarterly in advance and negotiable.
- Portfolio monitoring service
- Portfolio monitoring is a flat annual fee, typically $2,500 to $25,000, invoiced quarterly in advance or arrears and negotiable.
- Retainer services
- Retainer flat fees range from $0 to $100,000 annually, billed in advance quarterly or semi-annually.
Wellspring Wealth, LLC owns 75% or more of Wellspring Wealth Management. The leadership team of Wellspring Wealth Management includes Chief Compliance Officer Valeri Bishop. It has 8 employees, 5 of them in advisory roles.
Leadership
- Valeri BishopChief Compliance Officer
John GloverChairman and Managing Partner
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 5 in advisory functions
- 6 state-registered reps
- 6 broker-dealer reps
- 4 insurance agents
- 5 soliciting firms
- Owns 75% or more of Wellspring Wealth Management LLC
Wellspring Wealth, LLC
Control person · since January 2017
- Owns 50% to 75% of Wellspring Wealth, LLC
John Glover
Control person · since January 2017
- Owns 25% to 50% of Wellspring Wealth, LLC
Dennis Wright
Control person · since May 2018
- Owns 25% to 50% of Wellspring Wealth, LLC
JBSGBJ Holdings LLC
Control person · since January 2017
- Owns 25% to 50% of JBSGBJ Holdings LLC
Gregory Raabe
since March 2020
- Owns 25% to 50% of Wellspring Wealth, LLC
Mark Winston
since September 2021
Wellspring Wealth Management’s regulatory assets grew 1.6× from $358M (March 2021) to $585M (March 2026); clients rose from 210 to 262 and employees fell from 9 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $585M | 262 | 8 | 2 |
| March 2025 | $498M | 278 | 8 | 2 |
| April 2024 | $440M | 207 | 9 | 3 |
| March 2023 | $390M | 209 | 8 | 3 |
| June 2022 | $407M | 208 | 9 | 3 |
| March 2021 | $358M | 210 | 9 | 2 |
Besides its headquarters, Wellspring Wealth Management has 1 office, with 2 listed addresses in Georgia and South Carolina.
Georgia · 1 listed address
- 11720 Amber Park Drive, Suite 150, AlpharettaHQ
South Carolina · 1 listed address
- 1000 Main Street, Hilton Head
Other business names
Wellspring Wealth Management has reported 1 other business name to the SEC.
- Wellspring Wealth
Contact and registration details
- Legal name
- Wellspring Wealth Management LLC
- Headquarters
- 11720 Amber Park Drive, Suite 150, Alpharetta, GA 30009-2276
- Website
- wellspringwealth.com
- Phone
- 770-410-4088
- @wellspring-wealth
- SEC file
- 801-64350
- Founded
- 2005
- Structure
- Delaware LLC
- Fiscal year end
- December
Wellspring Wealth Management uses LPL Financial ($582M) as custodian for its separately managed accounts. Wellspring Wealth Management has custody of $1.65M in client assets for 3 clients.
- LPL FinancialLPL Financial LLC · Boston, MA · $582M100%
At year end, Wellspring Wealth Management’s separately managed accounts were mostly in funds (61%) and stocks (38%).
What the accounts hold
- Stocks38%
- Funds61%
- Cash1%
How many clients does Wellspring Wealth Management have?
Wellspring Wealth Management has 262 clients and manages $585 million for them, as of March 2026. They include 132 high-net-worth individuals, 110 individual clients, and 13 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Wellspring Wealth Management offer?
Wellspring Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, family office services, insurance, and philanthropic planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Wellspring Wealth Management charge?
Wellspring Wealth Management charges 0.25%–1.50% a year for its Investment Advisory Services. The fee is billed in advance and is negotiable.
Source: WELLSPRING WEALTH MANAGEMENT ADV 2A ADVISORY, filed 27 March 2026
Which custodians does Wellspring Wealth Management use?
Wellspring Wealth Management’s separately managed account assets are held at LPL Financial LLC (Boston, MA), with $582M. 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 March 2026
How many financial advisors does Wellspring Wealth Management have?
Wellspring Wealth Management has 6 investment adviser representatives registered with state securities authorities, out of 8 employees, and 5 perform investment advisory functions. 6 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 Wellspring Wealth Management invest in?
At the end of its last fiscal year, Wellspring Wealth Management’s separately managed accounts held 61% registered funds (mutual funds, ETFs, BDCs), 38% exchange-traded equities and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Wellspring Wealth Management?
Wellspring Wealth Management is owned through a chain of holding companies by John Glover, Gregory Raabe, Dennis Wright and Mark Winston. Its direct owner is Wellspring Wealth, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Wellspring Wealth Management get paid?
Wellspring Wealth Management 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
Is Wellspring Wealth Management registered with the SEC?
Yes, Wellspring Wealth Management has been registered with the SEC as an investment adviser since 20 June 2005. Its CRD number is 134834 and its SEC file number is 801-64350.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact Wellspring Wealth Management?
Wellspring Wealth Management’s main office is at 11720 Amber Park Drive, Suite 150, Alpharetta, GA 30009-2276. Its phone number is 770-410-4088. Its website is wellspringwealth.com.