August 1, 2022
Wellspring Announces Creation of Strategic Advisory Board
Wellspring Financial Advisors Announces Creation of Strategic Advisory Board
Scott Roulston and Larry Wolf 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 formation of its advisory board to support and enhance the mission and vision of the firm. The advisory board brings together two industry experts, each with over 30 years of wealth management experience.
Wellspring’s advisory board members include:
- 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 Investment Expert Trustee of the $100B State Teachers Retirement System of Ohio and 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 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, Managing Director at Wellspring. “We are thrilled to work with Scott and Larry as we continue to navigate Wellspring’s future in a strategic and meaningful way.”
The advisory board was established on June 29, 2022.