Wealthspring Advisors, LLC

CRD#147063
Investment Advisor Firm

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Overview

Wealthspring Advisors, LLC is a financial advisor company that has its headquarters in Minneapolis, Minnesota. The company administers $26.6 million in total assets across 139 client accounts. The firm has a small group of two employees, all of whom are financial advisors. Wealthspring Advisors, LLC does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal assets like equities, bonds and options.

Wealthspring Advisors, LLC manages 122 of the company's client assets on a discretionary basis. Discretionary management signifies that transaction decisions for the client's account are made by an investment advisor without requiring the client's consent. The company also oversees 17 non-discretionary accounts with a total of $747,625 in AUM. The company's typical account size is $191,143. $2,500,001 to $5,000,000 of its financial planning investments were in securities, with under $100,000 invested in non-securities. The average advisor at Wealthspring Advisors, LLC manages around 70 client accounts, placing it towards the middle in terms of personalization.

The company's main office is at 2116 Second Avenue South, Minneapolis, Minnesota 55404. The firm is registered to serve investors in the state of Minnesota.

Assets Under Management

$26.6 million

Number of Advisors

2

Fee Structure

Asset-based, Hourly, Fixed

Disclosures

No

Office Location

2116 Second Avenue South
Minneapolis, MN 55404

Wealthspring Advisors, LLC by the Numbers

Total Assets Under Management

$26.6 million

National Average: $3.3 billion
Total Number of Employees

2

National Average: 4,943
Total Number of Accounts

139

National Average: 2,522
Average Account Size

$191.1 thousand

National Average: $1.3 million

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Products and Services

Wealthspring Advisors, LLC offers a number of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and other services. In the past financial year, it provided 26-50 of its clients with financial planning services. It is involved in selling products or offering services different than investment advice to its clients.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Find a firm that offers this service

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors typically are based on which services the firm provides the client. Fee types charged by the company likely include the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Wealthspring Advisors, LLC. It can withdraw the fees directly from client accounts.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 37% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company works with retail investors, high net worth investors and charitable organizations. Out of its 139 customers, Wealthspring Advisors, LLC's largest client is retail investors, but it also caters to 17 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 2% of its accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 34%
  • Other Individuals - 60%
  • Corporations - 0%
  • Charitable Organizations - 6%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Wealthspring Advisors, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA