Wellspring Financial Advisors is looking kickstart its next leg of growth as it brings in an experienced private equity veteran to enhance its C-suite.
The firm announced Monday that it has named Jeff Kadlic as its new president and chief operating officer, a strategic move aimed at enhancing its service offerings and operational efficiencies.
Kadlic’s appointment, effective September 3, comes as the independent, fee-only multi-family office seeks to expand its comprehensive wealth management services for ultra-high-net-worth clients.
Kadlic brings over 25 years of experience to Wellspring, most recently as founding partner at Evolution Capital Partners, a private equity firm. His diverse background spans strategic leadership, financial management, client relations, and alternative investments.
In his new role, Kadlic will focus on guiding the firm’s strategic direction while reporting to Michael Novak, Wellspring’s founder and chief executive officer.
“We have a clear vision for Wellspring’s ongoing evolution, firmly anchored by our founding mission and core values,” Novak said in a statement Monday. “Jeff shares our team’s enthusiasm for our client-first philosophy and fully supports our mission of delivering quality services that help our clients achieve wellbeing throughout every aspect of their lives.”
Wellspring, established in 2007 by Novak, aims to provide a holistic, entrepreneurial approach to serving wealthy families. The firm employs 25 staff members and serves clients nationwide.
Wellspring’s service model emphasizes personalized attention, trust, and long-term relationships, key principles that Kadlic is set to further develop as he provides strategic and operational direction for the firm.
“Wellspring has designed a client-first service model that rests on a foundation of strong relationships, trust, personalized service and a deep understanding of its clients’ unique needs,” Kadlic said. “The leadership team is dedicated to continued innovation and evolution, all with the client’s needs and goals at the forefront.”
Referrals from centers of influence may open the door, but the real key to success for advisors comes from clarity about their ideal clients and where they want to show up.
Three advisor groups overseeing more than $700M in combined client assets head to new firms.
New research finds most Americans fear a US retirement crisis, while skepticism grows toward AI financial advice and crypto in retirement plans.
Getting a client into a fund has never been easier – but after that, the hardest part is yet to come.
A former NYLIFE Securities rep was permanently barred after using internet-enabled glasses to cheat on the Series 6 exam
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
