About Us
WealthSpring Partners, LLC is a registered investment adviser, offering financial planning and asset management
services to clients. WealthSpring Partners, LLC has been in business since 2016 and applied for registration as an
investment adviser with the SEC in 2022. Its principal owners are Jay Douglas and Theodore Athans.
This brochure is designed to provide detailed and clear information relating to each item noted in the table of
contents. Certain disclosures are repeated in one or more items, and/or other items are referred to in an effort
to be as comprehensive as possible on the broad subject matters discussed. Within this Brochure, certain terms
in either upper- or lowercase are used as follows:
“WealthSpring” “We,” “us,” and “our” refer to WealthSpring Partners, LLC.
“Advisor” refers to persons who provide investment recommendations or advice on behalf of
WealthSpring Partners, LLC.
“You,” “yours,” and “client” refer to clients of WealthSpring Partners, LLC and its advisors.
Description of Services Available
WealthSpring offers a suite of investment advisory services and programs to its advisors for use with their clients.
Our investment advisory services and programs are designed to accommodate a wide range of client investment
philosophies, goals, needs, and investment objectives. Through these various advisory programs and services,
clients have access to a wide range of securities products, including, but not limited to, common and preferred
stocks; municipal, corporate, and government fixed income securities; mutual funds; exchange-traded products
(“ETPs”); fixed and fixed-indexed insurance products, as well as other products and services, including a variety
of asset allocation services, financial planning, and consulting services. Our advisors also offer advice related to
direct participation programs, private placements, and other alternative investments, such as alternative energy
programs, research and development programs, private equity, real estate programs, and pooled commodities
futures programs.
WealthSpring offers the following programs:
Financial Planning Services
WealthSpring provides financial planning and advisory services on a wide range of topics, including, but not
limited to, comprehensive financial planning, budgeting and cash flow analysis, tax planning, major purchases,
education planning, retirement income/longevity planning, portfolio analysis, estate planning analysis,
investment analysis, business succession planning, employee benefits review, and executive benefit (equity
compensation) analysis. Depending on your financial situation, WealthSpring may suggest addressing some or
all of the above topics, in addition to topics that might not be listed here.
The financial planning process begins by meeting with the client(s) to gather information on their assets,
liabilities, investment objectives, risk tolerance, cash flows, occupation, family situation, values, and any
immediate goals. Using this information, we will prepare financial projections to help the client determine
whether they are on the right track and make recommendations as to any changes that might improve the
client’s overall financial situation or probability of meeting their stated goals. Financial planning is a continuous
and collaborative process, and WealthSpring encourages clients to engage in Financial Planning services on an
ongoing basis. The fees for our ongoing Financial Planning services are listed in Item 5 of this brochure.
WealthSpring strongly believes in the benefits of the financial planning process, and we encourage our clients
to utilize our Financial Planning services. WealthSpring may in some circumstances require that a client utilize
our Financial Planning services as a condition of working together. This may be required even if the client intends
on also using WealthSpring’s Asset Management services, either now or in the future. We encourage all clients
to engage with WealthSpring about our view of the importance of the financial planning process, with the
understanding that they are in no way obligated to work with our firm should there be a fundamental
disagreement about the terms of our engagement.
WealthSpring Partners, LLC has entered into an agreement with Commonwealth Financial Network
(“Commonwealth”), an SEC registered investment adviser, to offer the Retirement Plan Consulting program.
Retirement Plan Consulting
Our advisors provide a fee-for-service consulting program whereby advisors offer ongoing advisory services to
qualified retirement plans. Through the Retirement Plan Consulting Program, advisors assist plan sponsors with
their fiduciary duties and provide individualized advice based upon the needs of the plan and/or plan participants
regarding investment management matters, such as:
oInvestment policy statement support
oInvestment selection and monitoring
oOverall portfolio composition
o
Participant advice programs
o
Vendor due diligence and selection assistance
Asset Management Services
WealthSpring Partners, LLC has entered into an agreement to offer clients access to certain programs offered by
Commonwealth. Specifically, Commonwealth’s PPS Custom Program and PPS Select Program will be offered.
Our asset management programs enable you, with the guidance of our advisors, to invest in a
wide range of
securities products. These products include, but are not limited to, common and preferred stocks, corporate and
municipal bonds, mutual funds, exchange-traded products (such as exchange-traded funds). The advisor
typically acts as portfolio manager with full investment discretion although clients may elect (in very limited
instances) to have the advisor manage the account on a nondiscretionary basis.
When engaged to provide asset management services, our advisors will gather information on a client’s financial
history, income and expenses, goals and objectives and assist the client in developing an appropriate asset
allocation strategy based on the client’s unique individual needs. In general, clients will provide discretionary
authority to WealthSpring Partners, LLC which enables your advisor to place trades in your account in accordance
with the established objectives of the account, but without the need for the client to approve each trade in
advance. The account is monitored by your advisor on a regular basis, and your advisor will meet with you no
less than annually to review the account’s holdings and performance.
Fees for our asset management services are described in Item 5 of this brochure and are based on the level of
assets in your managed account.
PPS Custom Program: The PPS Custom Program enables an advisor to assist the client in
developing a personalized investment portfolio using one or more investment types, including,
but not limited to, stocks, bonds, mutual funds, exchange-traded funds (“ETFs”), UITs, variable
and fixed-indexed annuities, and alternative investments. WealthSpring’s advisor typically acts as
portfolio manager, with full investment discretion, although clients may elect to have the advisor
manage the account on a nondiscretionary basis.
PPS Select: The PPS Select Program offers a variety of model portfolios from which investors may
choose. The PPS Select model portfolios are created and managed on a discretionary basis by
Commonwealth’s Investment Management and Research team. WealthSpring’s advisors will help
the client determine which PPS Select models are best suited for the client based on his or her
risk profile, investment objectives, and preferences, leaving the actual trading decisions to
Commonwealth’s Investment Management and Research team. PPS Select offers a variety of
model portfolios with varying investment product types, including mutual fund and ETF portfolios,
equity portfolios, fixed income portfolios, and variable annuity subaccount portfolios.
Clients participating in one or more of Commonwealth’s programs will receive a copy of Commonwealth’s Form
ADV Part 2A brochure and/or Wrap Fee Brochure in addition to WealthSpring Partners Form ADV Part 2A. Clients
should refer to Commonwealth’s Form ADV Part 2A and/or Wrap Fee Brochure for detailed information about
Commonwealth and Commonwealth’s programs.
Wrap Fee Programs
The PPS Select program sponsored by Commonwealth and offered by WealthSpring Partners, LLC is considered
a “wrap fee” program in which the client pays a specified fee (known as a “wrap fee”) for portfolio management
services and trade execution. Wrap fee programs differ from non-wrap fee programs in that the asset
management fee structure for wrap programs is intended to be largely all-inclusive, whereas non-wrap fee
programs assess trade execution costs that are typically in addition to the asset management fee. The PPS Select
program is managed in accordance with the investment methodology and philosophy of Commonwealth’s
Investment Management and Research team.
For the investment advisory services provided to you by Commonwealth, WealthSpring, and your advisor,
Commonwealth, WealthSpring and your advisor receive a portion of the wrap fees you pay. Commonwealth
receives a higher portion of the wrap fees you pay when you participate in Commonwealth’s PPS Select programs
to compensate for the investment management and research services provided by the Commonwealth
Investment Management and Research team.
No Legal or Tax Advice
Investment recommendations and advice offered by WealthSpring Partners, LLC and its advisors do not
constitute legal or accounting advice. While WealthSpring Partners, LLC does offer tax return analysis as part of
our services, we do not provide tax return preparation or formal tax advice. Clients should coordinate and discuss
the impact of the financial advice they receive from their advisor with their attorney and accountant. Clients
should also inform their advisor promptly of any changes in their financial situation, investment goals, needs, or
objectives. Failure to notify the advisor of any material changes could result in investment advice not meeting
the changing needs of the client.
IRA Rollover Considerations
As part of our financial planning and advisory services, we may provide you with recommendations and advice
concerning your employer retirement plan or other qualified retirement account. When appropriate, we may
recommend that you withdraw the assets from your employer’s retirement plan or other qualified retirement
account and roll the assets over to an individual retirement account (“IRA”) to be managed by our firm. If you
elect to roll the assets to an IRA under our management, we will charge you an asset-based fee as described in