Family meetings provide structure for conversations about wealth, values, and legacy. They are just as important as financial statements because they address the human side of wealth — communication, trust, and preparing the next generation.
Should You Have a Family Meeting?
Wellspring Family Office Announces Strategic Partnership with The Pritzker Organization
Cleveland, Ohio, September 15, 2025 — Wellspring Family Office has entered a strategic partnership with The Pritzker Organization (TPO). This partnership strengthens Wellspring’s ability to serve families with expanded capacity and specialized services while preserving its independence, values, and client-first culture.
For more than 70 years, TPO has partnered with exceptional leaders and businesses, focusing on thoughtful investments with long-time horizons. Unlike private equity, which prioritizes short-term gains, TPO provides permanent capital and a shared long-term vision for the future. This approach aligns closely with Wellspring’s mission to provide guidance and support for families across generations.
“This partnership allows Wellspring to grow our service offerings, strengthen our resources, and deepen the tailored solutions we provide without changing who we are and remaining independent,” said Michael Novak, founder and CEO of Wellspring. “Our mission remains the same as we continue to deliver our one phone call personalized service, trusted relationships, and uncompromising excellence to the families we serve.”
“We’re excited to enter this long-term partnership with Wellspring based on the core values and vision we share,” said Jason Sussman, Managing Director, The Pritzker Organization. “We were drawn to the way they put people and families at the center of everything they do. We are excited to support them as they continue to innovate on the multifamily office model with that North Star.”
Wellspring’s leadership, advisory teams, and investment philosophy remain unchanged. Clients will continue to receive the same high-touch, thoughtful service they know and trust. With TPO’s support, Wellspring will expand its capabilities in investment, tax, and trust services, strengthen banking and advisory relationships, enhance technology and operations, and thoughtfully grow its team with top professionals who share the firm’s values.
About Wellspring Family Office
Wellspring Family Office is an independent, fee-only multi-family office serving ultra-high-net-worth individuals and families. Founded in 2007 by CEO Michael Novak and headquartered in Cleveland, Ohio, the firm provides integrated wealth and tax planning, investment management, family governance and education. Learn more at www.wellspringfo.com.
About The Pritzker Organization
The Pritzker Organization (“TPO”) is the family office and principal investing team for the business interests of the Tom Pritzker family. TPO focuses on partnering with exceptional leaders to create value in their companies over a long-time horizon. They believe the ability to be flexible, hold assets with an indefinite time horizon, and partner with management teams and other investors is a strategic advantage. For more information, visit www.pritzkerorg.com.
Media Contact
Monica Estrada
Gregory FCA for Wellspring
Wellspringfamilyoffice@GreoryFCA.com
267-503-4770
The One Big Beautiful Bill Act (OBBBA) was enacted into law on July 4, 2025. Many of the items included in the final legislation were a “make permanent” of items which had been previously included in the Tax Cuts and Jobs Act of 2017 during the first Trump presidential term, and which were set to expire (or “sunset”) at the end of this year. However, this new legislation both expands on some of the provisions in the 2017 Act as well as creates new tax incentives.
What If I Told You...That You Didn’t Have to Pay Taxes When You Sell This Stock?
Wellspring Financial Advisors Rebrands as Wellspring Family Office
The firm reinforces its commitment to serving the integrated planning and lifestyle needs of multi-generational, ultra-high-net-worth families
Cleveland, OH — 9/8/25 — Wellspring Financial Advisors has rebranded as Wellspring Family Office, a change that better represents the firm’s holistic approach to serving multigenerational families.
Since its founding, Wellspring has provided far more than financial advice, acting as a single point of connection for wealth management, tax planning, investment strategy, family governance, and personal well-being. The new name reflects the breadth of these services and the firm’s dedication to supporting families across generations.
“This rebrand reflects who we have always been,” said Michael Novak, Founder and Chief Executive Officer. “I founded Wellspring to offer ultra-high-net-worth individuals and families a partnership they can feel truly confident about. We manage the full scope of a family’s financial life while fostering unity, legacy, and personal fulfillment, and the name Wellspring Family Office captures our commitment to delivering personalized guidance that supports the families we serve.”
Wellspring Family Office offers a fully integrated approach that includes strategic financial and estate planning, proactive tax management, investment portfolio design and oversight, business advisory, family governance and education, and dedicated support for physical, mental, and emotional well-being.
Wellspring continues to be guided by a deeply held belief: when families Live Well, Sleep Well, and Be Well, they are empowered to thrive today and for generations to come. This purpose shapes every aspect of the firm’s work, bringing clarity and confidence to even the most complex financial decisions. Wellspring is proud to serve as a true partner to the families it supports, offering thoughtful guidance, meaningful relationships, and the comprehensive resources of a multi-family office, all in one trusted place. Wellspring has 35 full-time employees and oversees over $6.5 billion in client net worth as of June 2025.
About Wellspring Family Office
Wellspring Family Office is an independent, fee-only multi-family office serving ultra-high-net-worth individuals and families. Founded in 2007 by CEO Michael Novak and headquartered in Cleveland, Ohio, the firm provides integrated wealth and tax planning, investment management, family governance and education. Learn more at wellspringfo.com.
Media Contact
Monica Estrada
Gregory FCA for Wellspring
Wellspringfamilyoffice@GreoryFCA.com
267-503-4770
Mike Moran to provide expert guidance that supports the firm’s client-centric philosophy and growth
Wellspring Financial Advisors (Wellspring), a registered investment adviser and multi-family office catering to ultra-high-net-worth individuals and families, is pleased to announce the addition of Mike Moran to its advisory board. Mike joins current board members Scott Roulston and Larry Wolf to support and enhance the mission and vision of the firm.
Mike is the CEO and Managing Partner of Walnut Ridge, a multigenerational family office for the owners of GOJO Industries, the global leader in skin health and hygiene solutions for away-from-home markets and the inventor of PURELL® Instant Hand Sanitizer. He leads a team that manages a large portfolio of investments, oversees controlling interest in operating companies, and manages two philanthropic foundations within a fourth-generation family enterprise.
As a board member, investor, and advisor, Mike has worked closely with a range of public and private companies, startups, and non-profits.
Prior to Walnut Ridge, Mike was a Principal and Partner at Linsalata Capital Partners, a middle market private equity fund where he was responsible for sourcing, transacting and overseeing investments. During his over seven years at Linsalata, he worked closely with portfolio companies on driving organic growth, integrating add on acquisitions and improving operating performance. Mike was involved at the financial, operating and board levels on a broad array of manufacturing, distribution and consumer products companies.
Prior to Linsalata, Mike was an investment banker at KeyBanc Capital Markets, where he executed over 40 merger and acquisition transactions over ten years and led the M&A efforts of the specialty chemicals and plastics markets. He began his career at Key in the management training program with roles in corporate banking, real estate capital markets, and private equity investing.
Mike has experience with a range of corporate and non-profit boards. He is a currently a Board Member on the corporate boards of GOJO, Cowles Companies (a fourth-generation family-owned enterprise consisting of media, real estate, and forestry operations), MVP (a third-generation family-owned manufacturer of fluid control products), Lake City Plating (an industrial manufacturing company), and Sealantium (an early-stage developer of medical hemostatic sealants). Mike also serves on the board of the environmental non-profit Nature Center at Shaker Lakes.
Mike received his MBA from the Kellogg School of Management at Northwestern University and his BS in Finance from Miami University.
Wellspring’s other advisory board members include:
Scott Roulston – Scott is an Advisory Partner for both The Pritzker Organization (TPO), the merchant bank for the interests of the Tom Pritzker family, and Brownhelm Capital, a Cleveland-based single-family office. He is also a board member of Bluecoats, Inc. Formerly, Scott was CEO of Roulston & Company, Inc. (now known as Fairport Wealth) and has held management positions at MAI Capital Management (MAI) in Cleveland, and Segall Bryant & Hamill in Chicago. He has served on the boards of three public companies, several private companies, and founded the Cleveland Chapter of Private Directors Association.
Larry Wolf – Larry is CEO of Red Diamond, Ltd., a single-family office located in Rocky River, Ohio and sits on numerous boards for family-owned businesses and the family’s private foundation. Larry also serves as President of Red Diamond Management Co., the family’s Private Trust Company. He works closely with Greycourt & Co. for investment planning and is a member of their Client Advisory Council. Larry was a founding member of Forge, a national peer-to-peer networking community for single-family offices in the United States, and is a member of their Executive Committee. Larry is also a board member for Investor Diversified Realty ODCE Index Fund and serves as head of their Audit Committee. Prior to working at Red Diamond, he was a Tax Partner in the Cleveland office of Arthur Andersen & Co.
“Wellspring’s advisory board offers a breadth of industry knowledge that supports the firm’s growth and will enhance the client experience”, said Michael Novak, CEO and Founder of Wellspring. “We are thrilled to have Mike join with Scott and Larry as we continue to navigate Wellspring’s future in a strategic and meaningful way.”
Wellspring is thrilled to announce the addition of Germaine Martin to the firm as Senior Wealth Advisor, Managing Director. With over 20 years of experience in the financial services industry, Germaine brings a wealth of expertise in comprehensive wealth management, investment strategies, and client relationships.
Germaine joins Wellspring after working for RIK Enterprises, a local single-family office, for nearly a decade, most recently serving as Chief Financial Officer for over three years. Prior to RIK, she served as Managing Director at Paragon Advisors (which was acquired by Corient Private Wealth in 2024). Throughout her career, Germaine has demonstrated a passion for helping clients achieve their goals through tailored strategies and exceptional service. She has worked with ultra-high-net-worth individuals and families, offering expert guidance on retirement planning, estate planning, and tax strategies.
Germaine’s addition marks the creation of a fifth client service team at Wellspring. As Senior Wealth Advisor, Germaine will oversee her team while working closely with clients to provide personalized financial solutions, focusing on retirement planning, estate management, tax optimization, and investment strategies.
She holds a Master of Taxation degree from The University of Akron and a Bachelor of Business Administration degree in Accounting from the University of Cincinnati.
Germaine joined the firm effective March 3, 2025.
At our core, Wellspring serves to improve the lives of others. Our mission is, and always has been, to work hard everyday to make a difference. We accomplish this through our dedication to providing professional guidance to our clients, giving back to the community through donation of time, talent, and treasure, and creating a collaborative and inclusive environment for employees to thrive.
This report focuses on two of Wellspring’s core values: give back and cultivate inclusivity, outlining our commitment to serving the community on a firm and individual level and creating a workplace where differences are embraced.
We welcome you to review our 2024 accomplishments and goals as we continue to grow and evolve as a firm centered on serving others.
2024 Impact Report
Wellspring Financial Advisors is excited to announce the addition of Robert Jackson to the team as Senior Tax Advisor. With an extensive background in tax consulting and a deep understanding of tax laws, Robert’s expertise will play a key role in driving innovative solutions for the firm’s high-net-worth client families.
Robert joins Wellspring after having held various high-impact roles in the tax advisory field. Most recently, he served as a Senior Manager in Tax at both Eide Bailly and Apple Growth Partners, where he successfully managed tax strategies for a diverse portfolio of clients, providing strategic insights to ensure tax efficiency and compliance. His wealth of experience over the past 25 years spans across many aspects of income tax and tax planning.
As Senior Tax Advisor, Robert will work closely with clients to deliver customized tax strategies, focusing on maximizing savings, minimizing risk, and ensuring full compliance with ever-evolving tax regulations.
Robert holds a Master of Taxation degree from the University of Denver and a Bachelor of Business Administration degree in Accounting from Kent State University. He is also a Certified Public Accountant (CPA).
Robert joined the firm effective February 6, 2025.
Jan. 8, 2025 – Wellspring Financial Advisors (“Wellspring”), an independent, fee-only multi-family office offering comprehensive wealth management services to ultra-high-net-worth individuals and families, has appointed Johnny Sirpilla as its Chief Experience Officer. Sirpilla will be responsible for shaping and enhancing the overall experience of the firm’s clients, helping to ensure every touchpoint exceeds expectations while spearheading the firm’s new “Be Well” service line, which provides access to carefully vetted lifestyle partners. Additionally, Sirpilla is tasked with providing business development support through strategic planning and relationship building as well as leading programs to promote employee growth and engagement.
Sirpilla is well-acquainted with Wellspring, as he transitions into this role after serving as a board member for the firm since October 2023. As former President and Chief Business Development Officer for Camping World and Good Sam, he brings a depth of professional experience across disciplines, including strategic planning, operational management, and self-development practices. His experience will support the continued development of Wellspring’s client-first culture, rooted in excellence and collaboration. He will report to Wellspring founder and Chief Executive Officer Michael Novak and will serve on the firm’s leadership team alongside Novak and, President and Chief Operating Officer, Jeff Kadlic.
“At Wellspring, providing an outstanding client experience is at the heart of everything we do,” said Novak. “With Johnny’s continued leadership, we are excited to create even more meaningful, personalized, and seamless experiences for our clients and continue to deliver customized solutions to meet our clients’ unique and evolving needs.”
Novak founded Wellspring in 2007 with the mission to provide holistic wealth management solutions to wealthy families, specifically delivering services and support under one roof. The addition of a Chief Experience Officer underscores Wellspring’s commitment to providing a fully comprehensive offering as the firm seeks to innovate, grow, and build stronger connections with its clients.
“I had the pleasure of working with Wellspring in my previous role, and I am excited at the opportunity to further ingrain myself with their passionate and innovative team,” said Sirpilla. “Wellspring leadership has made strategic decisions to invest in continually improving the service and experience for their clients and I am thrilled to lead this effort.”
Sirpilla assumed the new role effective Jan. 2, 2025. He holds a Masters in Organizational Behavioral Management from the University of Phoenix and a Bachelor of Science in Accounting from Miami University (Ohio). He also earned certifications in Executive Presence and Influence & Persuasive Leadership Development as well as Neuroscience of the Brain in Business from the University of Pennsylvania Wharton School.
The Trump presidency alongside a Republican led House and Senate will likely make permanent many of the provisions listed in the TCJA. Planning techniques previously considered as a result of the anticipated TCJA sunset are likely to be adjusted according to individual circumstances.
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