Wealthspring Capital LLC
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Overview
Wealthspring Capital LLC operates as an advisory firm based in West Harrison, New York. It administers $554.6 million in assets throughout 106 accounts, making it one of the bigger investment advisory firms in the nation by assets under management (AUM). The company has a small team, including 4 financial advisors. Wealthspring Capital LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments such as bonds, equities and options.
Wealthspring Capital LLC manages more than half of the firm's client assets in a discretionary manner. Discretionary management means that a portfolio manager makes transaction decisions without needing to seek the customer's approval. Wealthspring Capital LLC also oversees 14 non-discretionary accounts with a total of $8.9 million in AUM. The company oversees about $5.2 million in assets for each account. An average financial advisor at Wealthspring Capital LLC oversees around 27 client accounts, placing it towards the middle in terms of personalization.
Wealthspring Capital LLC's main office is located at 2 Westchester Park Drive, West Harrison, New York 10604. The firm is legally permitted to serve investors across a number of states, including Colorado, Connecticut, Florida, Massachusetts, Michigan, Nebraska, New Hampshire, New Jersey, New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Wealthspring Capital LLC by the Numbers
$554.6 million
7
106
$5.2 million
Fee Structure
Fees charged by financial advisors usually are based on the services provided. Fee types charged by the company most likely include any blend of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Wealthspring Capital LLC.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to high net worth investors, other investment advisers and corporations. Out of its 106 clients, Wealthspring Capital LLC's largest client group is high net worth investors, though it also manages money for 82 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its accounts reside abroad.
- High-Net-Worth Individuals* - 95.35%
- Other Individuals - 0%
- Corporations - 4.65%
- Charitable Organizations - 0%
* 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 Capital LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Wealthspring Capital LLC
West Harrison, NY
West Harrison, NY
West Harrison, NY
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