Spring Capital Management, L.L.C. is a registered investment advisor founded in 2008 and based in Amarillo, Texas. The firm provides investment advice regarding securities, insurance, and other financial services to individuals, high-net-worth individuals, businesses, trusts, and estates. Spring Capital Management manages assets primarily on a discretionary basis through its wrap fee program, utilizing Charles Schwab and Altruist Corp as custodians. Additionally, the firm may refer clients to professional third-party money managers to provide specialized portfolio management services. Spring Capital Management also offers insurance products through its representatives.
Fee Structure
Spring Capital Management manages client investments primarily through its wrap fee program, with specific fees detailed in a separate wrap fee brochure. For clients referred to third-party money managers, Spring Capital Management charges an annual fee ranging from 0.3% to 1.1% to cover reporting and monitoring, while the third-party manager charges between 0.35% and 0.7%. The total combined fee for third-party managed accounts will not exceed 1.8% per year. These fees are calculated and paid quarterly in advance based on the average daily balance of the account.