Michael Novak is a PFS-designated registered investment advisor at Wellspring Financial Advisors, LLC, based in Cleveland, OH, with 20 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Charitable Giving, Estate Planning, High Net Worth, and 3 more. Their firm serves 144 clients with $4.2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $3.0M | 0.75% |
| $3.0M - $5.0M | 0.50% |
| $5.0M - $10.0M | 0.35% |
| $10.0M - $20.0M | 0.25% |
| $20M+ | 0.15% |
Fees are negotiable. Some clients may pay different fees than those currently in effect.
Fee Estimator
Location
5900 Landerbrook Drive, Suite 100, Cleveland, OH, 44125
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Wellspring Financial Advisors, LLC is a holistic wealth management firm that provides investment, financial, and tax management services. This description does not indicate any outside business activities for Michael.
Employment History
Current Registrations
Wellspring Financial Advisors, LLC
Previous Registrations
Chess Financial CORP
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.