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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.
We are thrilled to announce Wellspring Financial Advisors has been selected as an Engage! Cleveland Generation NEXT Award Recipient in the ‘Company of the Year’ category.
Engage! Cleveland’s Generation NEXT Awards honors the companies, organizations, and individuals working diligently to attract, engage and retain up-and-coming talent to Cleveland. Winning companies and individuals are recognized for their efforts in helping transform the region into a premier community and making Cleveland a great place to live and work.
Wellspring has been involved as an employer member with Engage! Cleveland since 2022. On an individual level, Mac McLaughlin serves on the Board, Andy Siciliano serves as a member of the Leadership Council, and Laura Capuozzo is a former mentor of the mentorship program for E!C.
Wellspring is honored to earn this award as it showcases our commitment to providing opportunities for our employees to grow and thrive.
For the full announcement, click here: https://engagecleveland.org/generationnext/
May 1, 2024 – Wellspring Financial Advisors (Wellspring), a registered investment adviser and multi-family office catering to ultra-high-net-worth individuals and families, is thrilled to announce President & CEO, Michael Novak, has been named the Estate Planning Council of Cleveland’s 2024 Distinguished Estate Planner (DEP). This award honors local accountants, attorneys, financial planners, insurance professionals, philanthropic professionals, or other related professionals, for their outstanding contributions to their respective fields. The Distinguished Estate Planner Award is presented to one individual annually.
To be considered for this award, candidates must be engaged in practice or recently retired with 15 years involvement in their respective field of estate planning and must also have been a member of the Cleveland Council for at least five years. Those eligible to receive the award are required to hold one of the following certifications: Accredited Estate Planner®, Attorney (licensed to practice in State of Ohio), Certified Financial Planner®, Certified Public Accountant, Certified Trust & Financial Advisor, Certified Wealth Strategist®, Chartered Advisor in Philanthropy®, Chartered Financial Analyst, Chartered Financial Consultant®, and/or Chartered Life Underwriter®.
Recipients reflect, in practice, the goals for which The Estate Planning Council of Cleveland was created, which includes furthering the education of the members of the council and of the public, fostering a better understanding of the proper relationship among professionals of various disciplines, and providing a better understanding of estate planning. As such, the criteria for the award may include teaching, speaking, authorship, service to the Council, professional, civic or charitable service and creativity or accomplishment in development of services, products, solutions, legislation.
Past recipients of the Distinguished Estate Planner Award include: Janet L. Lowder (2023), James A. Goldsmith (2022), Lisa Roberts-Mamone (2021), Don Laubacher (2020), Ginger F. Mlakar (2019), Alan D. Gross (2018), Patrick J. Saccogna (2017), Howard B. Edelstein (2016), Joseph M. Mentrek (2015), Radd L. Riebe (2014), M. Elizabeth Monihan (2013), Matthew F. Kadish (2012), Gary A. Zwick (2011), M. Patricia Culler (2010), Stephen H. Gariepy (2009), Marcia J. Wexberg (2008), James G. Dickinson (2007), Herbert L. Braverman (2006), Roger L. Shumaker (2005), Jeffry L. Weiler (2004), Robert M. Brucken (2003), J. Donald Cairns (2002), and P. Thomas Austin (2001).
The Awards celebration will be hosted by The Estate Planning Council of Cleveland on June 10th.
Additional information on the Distinguished Estate Planner Award can be found on the Estate Planning Council of Cleveland website: https://www.epccleveland.org/members/directoryAddl.
CLEVELAND – Aug. 26, 2024 – 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 Jeff Kadlic as its new President and Chief Operating Officer. Kadlic will provide strategic and operational direction for the firm, with a particular focus on expanding the firm’s suite of services for its clients and driving operational efficiencies.Kadlic joins from Evolution Capital Partners, where he served as Founding Partner. He brings over 25 years of professional experience across disciplines, including strategic leadership, operational management, client relations, alternative investments, financial management and stakeholder engagement. His insights will support the ongoing development of Wellspring’s client-first culture, rooted in excellence and collaboration. He will report to Wellspring founder and Chief Executive Officer Michael Novak.
“We have a clear vision for Wellspring’s ongoing evolution, firmly anchored by our founding mission and core values,” said Novak. “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. We are excited to welcome him to the team and benefit from his experience and expertise.”
Novak founded Wellspring in 2007 and sought to apply an entrepreneurial and holistic philosophy to working with wealthy families, specifically providing the services and support they need in one place. Built on a culture of trust and client-first mentality, Wellspring has 25 full-time employees who serve client families across the U.S.
“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,” said Kadlic. “The leadership team is dedicated to continued innovation and evolution, all with the client’s needs and goals at the forefront. I am excited and energized to join the team and align in advancing their mission.”
Kadlic assumes the new role as of Sept. 3, 2024. He holds a Masters of Management Studies from the Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science in Finance from Miami University (Ohio).
About Wellspring Financial Advisors
Wellspring Financial Advisors is an independent, fee-only multi-family office offering comprehensive wealth management services to ultra-high-net-worth individuals and families. The firm was founded by Michael Novak in 2007 and seeks to meet the multidimensional needs of wealthy families. Its core services include investment management and oversight, integrated wealth planning and family governance and education. Headquartered in Cleveland, Ohio, Novak serves as the firm’s Chief Executive Officer.
Media Contact
Marissa Foy Comerford
Gregory FCA for Wellspring
WellspringFinancialAdvisors@GreoryFCA.com
610-228-2104
