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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

SPRING CAPITAL MANAGEMENT

SPRING CAPITAL MANAGEMENT, LLC, CRD 282842

AMARILLO, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:1ce28a1f-b190-86fc-d981-bebbab25badf

Data as of Feb 24, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 1:06 AM UTC and rebuilt at most every 15 minutes.

Relationships: 6
Dated events: 1
On other graphs: 0
Observed: Sep 22, 2020 to Feb 24, 2026
15 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=0.9 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=1.0
Regulatory AUM: $223MItem 5.F on the latest filing (2026-02-24); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $223M
Private client RAUM: $200MderivedItem 5.D individuals plus high net worth individuals
Private client share: 90%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 2
RAUM per advisor: $112Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 2
Advisory employees: 2
Offices: 2Schedule D 1.F, beyond the principal office
Accounts: 316
Individual clients: 54
High net worth clients: 78
SEC number: 801-119676
CIK: 1899146
CRD: 282842
Filings on the tape: 15
First filed: Sep 22, 2020
Latest filed: Feb 24, 2026
Organised: Limited Liability Company, TX
Website: springcapitalmanagement.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
RICHARD EARL MCELREATH	n/a	AMARILLO, TX	10	28	3	no
ROBERT PAUL RATHBUN	n/a	AMARILLO, TX	9	44	3	yes

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
MCELREATH, RICHARD, EARL	PRESIDENT, DIRECTOR AND CCO	E	yes	08/2008	Sep 22, 2020	Apr 25, 2024
McElreath, Jennifer	Secretary	A	no	08/2008	Sep 22, 2020	Apr 25, 2024

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
n/a	n/a	n/a	1	yes

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Feb 24, 2026	$223M	$223M	2	2	2	n/a	n/a
2024	Jan 14, 2025	$214M	$214M	2	2	2	n/a	n/a
2023	Jan 30, 2024	$157M	$157M	2	2	1	n/a	n/a
2022	Jan 24, 2023	$139M	$137M	2	2	0	n/a	n/a
2021	Jan 26, 2022	$153M	$152M	2	2	0	n/a	n/a
2020	Jan 25, 2021	$127M	$126M	2	2	0	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$223M	$214M	4.0%	$139M	17.2%	2	2	2	2

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
FORTITUDE ADVISORY GROUP L.L.C.	2	May 31, 2017	Feb 18, 2017	GIG HARBOR, WA	Team lift out	Other	15.4%

Relationships

Registered with (3)

← ROBERT PAUL RATHBUNAdvisorregistration: current employment
Feb 18, 2017 to presentfactForm ADV
← RICHARD EARL MCELREATHAdvisorregistration: current employment
Apr 19, 2016 to presentfactForm ADV
← WALTER WAYNE MCNEERAdvisorregistration: previous registration
Jan 30, 2020 to Oct 19, 2020factForm ADV

Controls (1)

← MCELREATH, RICHARD, EARLOwnerPRESIDENT, DIRECTOR AND CCO, ownership code E, individual
Sep 22, 2020 to Apr 25, 2024factForm ADV

Owns (1)

← McElreath, JenniferOwnerSECRETARY, ownership code A, individual
Sep 22, 2020 to Apr 25, 2024factForm ADV

Moved with (1)

← FORTITUDE ADVISORY GROUP L.L.C.Registered adviser2 advisors, team lift out
May 31, 2017 to Feb 18, 2017factForm ADV

Dated events

Occurred
Sep 22, 2020
First Form ADV filing
Spring Capital Management filed its initial SEC registration (Form ADV)
Form ADVobserved 3 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:1ce28a1f-b190-86fc-d981-bebbab25badf
First observed: Sep 22, 2020
Last observed: Feb 24, 2026 6 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

SPRING CAPITAL MANAGEMENT

SPRING CAPITAL MANAGEMENT, LLC, CRD 282842

AMARILLO, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:1ce28a1f-b190-86fc-d981-bebbab25badf

Data as of Feb 24, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 1:06 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

RICHARD EARL MCELREATH

n/a

AMARILLO, TX

ROBERT PAUL RATHBUN

n/a

AMARILLO, TX

yes

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

MCELREATH, RICHARD, EARL

PRESIDENT, DIRECTOR AND CCO

yes

08/2008

Sep 22, 2020

Apr 25, 2024

McElreath, Jennifer

Secretary

08/2008

Sep 22, 2020

Apr 25, 2024

City

State

Country

Employees

Also broker-dealer

n/a

yes

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Feb 24, 2026

$223M

n/a

2024

Jan 14, 2025

$214M

n/a

2023

Jan 30, 2024

$157M

n/a

2022

Jan 24, 2023

$139M

$137M

n/a

2021

Jan 26, 2022

$153M

$152M

n/a

2020

Jan 25, 2021

$127M

$126M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$223M

$214M

4.0%

$139M

17.2%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

FORTITUDE ADVISORY GROUP L.L.C.

May 31, 2017

Feb 18, 2017

GIG HARBOR, WA

Team lift out

Other

15.4%