Our Firm. Wellspring Advisors, Inc. (“WSA,” “the firm,” “we,” or “us”) is a corporation headquartered in Lake Oswego, OR. The firm is owned by Craig Childress, CFP®, ChFC, CLU. He has been providing retirement, financial and tax planning since 1986. The firm was registered as an independent investment advisory firm with the State of Oregon in 2008 and transitioned to SEC registration in 2021. The information contained in this Brochure describes our investment advisory services, practices, and fees. Please refer to the description of our investment advisory services listed below for information on how we tailor our services to the needs of our clients. As used throughout this firm brochure, the words “we,” “our,” “firm,” “WSA” and “us” refer to Wellspring Advisors, Inc., and the words “you,” “your,” and “Client” refer to you as either a client or prospective client of our firm. Our Services. WSA primarily offers three types of services to clients: Investment Management and Consulting Services; Fee-based Financial Planning Services; and risk management services in the areas of life insurance, disability income insurance, annuities and long-term care insurance on a fee-based basis. This brochure describes WSA’s fee-based planning and investment advisory services. Investment Management WSA offers Investment Management and Consulting Services by providing discretionary and non- discretionary managed accounts. Portfolio Design: The most important step in the investment process is deciding how to allocate assets among broad asset classes such as stocks, bonds and cash alternatives. Research has shown that, over time, more than 90% of the differences between Portfolios’ returns will come from the asset allocation. Careful asset allocation ensures that you’re invested in a diversified portfolio designed to help you progress toward your goals in various market environments. The success of your investment plan begins by making sure your portfolio is right for your goals. As your advisor, we work with you closely to: Understand your goals and objectives, identify relevant risks, select the appropriate portfolios or allocations. Allocations are actively managed over time as market conditions and asset-class characteristics change. Allocations are constructed using carefully selected components consistent with your strategy objectives. Ongoing research results in addition of new investment sub-classes to enhance opportunity. The typical client portfolio will include a diversified mix of stocks, bonds and cash investments. The percentage devoted to each asset class will depend on your time horizon, risk tolerance and personal situation. We start by diversifying by asset classes—including equity, fixed-income and alternative-investment portfolios, and also consider what types of investment strategies work best across various phases of the economic cycle (expansion, stress, distress, recovery). Projections regarding how the portfolio may react to each phase, along with an identification of return sources, complete the analysis. Wellspring Advisors, Inc. - Form ADV Part 2A - Page 2 Taking taxes into consideration can help to improve your chances of meeting your objectives. It’s not just the money you earn that counts—it’s what you keep. If left unchecked, taxes can substantially reduce your after-tax return. Our investment process includes techniques designed to help you keep more of what you earn. With a special focus on tax management to help manage tax implications within your portfolio, together we seek to help you enhance after-tax returns. Investment Management Selection: They have found that identifying, hiring and managing specialist money managers helps to deliver more consistent performance. This process is called “managing the managers.” Money managers who specialize in a particular area of a market have the experience necessary to perfect a specific investment style. They not only know where to seek opportunity, but how to anticipate favorable and unfavorable changes. This focus may produce more consistent results than using generalist managers who tend to “roam” the markets or drift from one style to another, often outside of their firm’s core competencies. To implement the asset allocation strategies, a global network of specialist money managers is utilized whose management styles complement each other. Forward-looking expectations are developed regarding how a manager will execute a given investment assignment, and environments in which the related investment strategy should outperform or underperform. We often use multiple managers within each investment style. For example, in the small cap growth sector, using multiple managers with a highly differentiated investment process and expertise in different specialties, called styles can ensure diversification within the sector. While diversification is not a guaranteed protection against market risk it may help to manage risk and enhance returns. Research is utilized from many analysts, many of whom hold the Chartered Financial Analyst (“CFA”) and other advanced designations. This helps to oversee the selection of managers, tracking and managing consistency regarding manager performance, risk management and daily manager monitoring. If you choose to participate in this investment program, you will enter into a portfolio management agreement with WSA and the TPIA. Every client, prior to entering into a portfolio management agreement with WSA and the TPIA will receive WSA and the TPIA’s disclosure brochures, privacy notices, and a disclosure of the referral arrangement, including the compensation WSA is paid. You should review all disclosure brochures, investor profiles, and management agreements before deciding to participate in the program. WSA is compensated based on a percentage of the assets clients place with a TPIA, in exchange for monitoring the services provided by the TPIA, and recommending any changes in the client’s account. Limitations on Investments For clients participating in a third party or discretionary account, in some circumstances, WSA’s advice may be limited to certain types of securities. For example, when WSA provides services to participants in a self-directed 401(k) plan, the participant may be limited to investing in securities included in the plan’s investment options. In that case, WSA can only make recommendations to the client from among the available options, and will not recommend or invest the client’s account in other securities, even if there

may be better options elsewhere. There may also be limitations on the securities in which WSA may invest clients’ accounts. In addition, clients may hold or purchase other non- managed securities. Non-managed securities are held strictly as an accommodation and at the request of the client. Generally, all non-managed securities within your portfolio are traded and/or held solely at your request when possible. Wellspring Advisors, Inc. - Form ADV Part 2A - Page 3 Financial Planning Services We create comprehensive financial plans for our clients. These services can range from broad, comprehensive, financial planning to consultative or single subject planning. If you retain our firm for financial planning services, we will meet with you to gather information about your financial circumstances and objectives. We will also use financial planning software to determine your current financial position and to define and quantify your long-term goals and objectives. Once we clarify those long-term objectives (both financial and non-financial), we will develop shorter-term, targeted objectives. After we review and analyze the information you provide to our firm and the data derived from our financial planning software, we will deliver a written plan to you, designed to help you achieve your stated financial life goals and objectives. Examples of financial planning services we provide include:
• Income Tax Planning (strategies for investment vehicles and sales to account for tax liability)
• Asset Allocation (planning for risk and when withdrawals are needed)
• Investment Planning (planning for outcomes, without ongoing oversight)
• Retirement Planning (planning for outcomes specifically related to retirement, without ongoing oversight)
• Estate and Legacy Planning (planning for family, as well as charitable giving options)
• Insurance Planning (risk management services in the areas of life insurance, disability income insurance, and long term care insurance)
• Cash Flow Management (planning for investments to ensure positive and stable cash flow)
• Educational Planning (planning for private school tuition, as well as college financial planning)
• Executive Compensation and Benefit Analysis (strategies for understanding executive compensation and benefits)
• Business Succession Planning (strategies for ensuring continuity of business, and peace of mind with family ownership and operation)
• Other Projects (as mutually agreed) Financial plans are based on your financial situation at the time we present the plan to you, and on the financial information you provide to us. You must promptly notify our firm if your financial situation, goals, objectives, or needs change. You are under no obligation to act on our financial planning recommendations. Should you choose to act on any of our recommendations, you are not obligated to implement the financial plan through any of our other investment advisory services. However, please note that we may choose to terminate client relationships where we believe our recommendations and services are not being fully utilized and that the client may be better served by other financial professionals. Analysis and Consulting Services In addition to a comprehensive fee-based financial life planning WSA offers, Analysis and Consulting Services which may include advice on individual issues such as review of investment portfolios, tax planning services, evaluation of real estate portfolio and mortgages, retirement Wellspring Advisors, Inc. - Form ADV Part 2A - Page 4 planning, estate planning, cash flow management, college planning, and discussions about behaviors, philosophy, personality and your relationship with money. Fees charged for Analysis and Consulting Services are described below under Fees and Compensation. Tailored Services We may make recommendations to purchase or roll over current real estate-related private placements such as Tenant-In-Common (TIC) interests and Real Estate Investment Trust and Limited Liability Company shares of professionally managed assets. WSA may recommend these investments based on factors that include but are not limited to accreditation status, the level of interest clients express during meetings with WSA, and whether the program would offer diversification to the client. These investments may not have a ready market for their purchase or sale, are less liquid than market-based securities, and are therefore considered risky investments. Consequently, these securities are only available to accredited investors. WSA will recommend these securities only to clients who meet the necessary income and/or net worth requirements and where WSA believes the investment is appropriate for the client based on the client’s ability to accept the risk. Non-Advisory Services Depending on client needs and/or desire for estate planning document review, preparation, or updates, some Investment Advisor Representatives of WSA engage the services of unaffiliated, third-party scrivener service comprised of estate planning attorneys. The third-party scrivener assists with the creation and updating of estate planning related documents for clients who wish to utilize third-party scrivener’s services. (Please see Item 5 for additional information regarding additional costs associated with this service.) WSA will administratively assist the process by gathering and forwarding the necessary client related information that the third-party scrivener requires to create any client requested estate planning documents. Clients are not required to utilize the services of the third-party scrivener when working with WSA. Please note that both WSA and the third-party scrivener DO NOT provide legal advice, legal opinions, or legal recommendations and clients are advised to seek and separately retain outside legal counsel. WSA does not participate in or sponsor any wrap-fee programs. See also disclosures under Fees and Compensation (Item 5), Risks (Item 8), Registrations with Broker-Dealer (Item 10), and Other Compensation (Item 14) below. Assets Under Management We currently manage $0 of Client assets on a non-discretionary basis and $219,995,831 of Client assets on a discretionary basis. These amounts were calculated as of December of 2023. Legal and Accounting Services It is expressly understood that WSA will not provide accounting or legal advice nor prepare any accounting or legal documents for Clients.