Wealthspring Capital LLC (New York)

Name: Wealthspring Capital LLC
Address: 211 East 43 Rd Street, New York, NY, 10017
Telephone: 917-327-8853

Wealthspring Capital LLC is a mid-sized advisory firm based in New York. It manages $29.81 million of regulatory assets for 27 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of New Hampshire, New York, and Texas.

Wealthspring Capital provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealthspring Capital: assets under management

The assets under management (AUM) of Wealthspring Capital LLC is $29.81 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $29.81 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.1 million each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealthspring Capital LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wealthspring Capital serves?

The firm provides services to individuals, other investment advisers, and high net worth individuals. The largest group of clients of Wealthspring Capital is high net worth individuals with 26 clients and $26.57 million of assets under management. Among the 1 most similar advisory firms, Wealthspring Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $29.81 million for 28 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Wealthspring Capital doesn't advise any private funds.

Careers at Wealthspring Capital LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Matthew A. Simpson	Member	1 Feb 2019	50% - 75%	4715223
David M. Gallers	Managing member & chief compliance officer	1 Feb 2019	50% - 75%	4467295

Based in New York

The principal office where Wealthspring Capital LLC performs its advisory services is located at 211 East 43 Rd Street, New York, NY 10017, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 917-327-8853 or by fax N/A. The normal business hours are 9:00am - 4:00pm on Monday - Friday. You can find more information about the New York firm at wealthspringcapital.com.