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Michael Novak

CPA, PFS, AEP®
President and CEO, Wellspring Financial Advisors

Michael T. Novak is the President and CEO of Wellspring Financial Advisors, an independent personal wealth management and multi-family office he founded in 2007. Prior to Wellspring, he was principal at another boutique wealth management firm where he advised multiple family relationships for 14 years. He has extensive experience in the areas of estate planning, charitable gift planning, business succession planning and family governance and education. As a certified public accountant (CPA), he also has experience in tax compliance and proactive tax planning.

 

In addition to his CPA, Michael holds the Personal Financial Specialist (PFS) certification from the American Institute of Certified Public Accountants and is an Accredited Estate Planner® (AEP). He received his Bachelor of Arts in Accounting from Ohio University.

 

Actively engaged in the Cleveland community, Michael serves committee or leadership positions for the Cleveland Museum of Art’s Gift Planning Advisory Committee, the Cleveland Orchestra’s Planned Giving Committee, the Jewish Community Federation’s Professional Advisory Council Steering Committee, and University Hospital’s Diamond Advisory Group. He has also served on the board of Bluecoats, the Ronald McDonald House of Cleveland’s Board of Trustees, and the Church of the Gesù Endowment Committee.

 

Emeritus board member: 2020-2023

MICHAEL'S INSIGHTS

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