Vermillion Wealth Management Inc. (Rosemount)

Vermillion Wealth Management Inc. is a large advisory firm based in Rosemount. It manages $155.24 million of regulatory assets for 769 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Minnesota, and Wisconsin.

Vermillion Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Vermillion Wealth Management: assets under management

The assets under management (AUM) of Vermillion Wealth Management Inc. is $155.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $155.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $201.88 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 21% of the firm’s portfolio. Investments in exchange traded securities form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vermillion Wealth Management Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Vermillion Wealth Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Vermillion Wealth Management is individuals with 739 clients and $79.76 million of assets under management. Among the 9 most similar advisory firms, Vermillion Wealth Management has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $155.24 million for 769 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Vermillion Wealth Management doesn't advise any private funds.

Careers at Vermillion Wealth Management Inc.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Vermillion Wealth Management Inc. is owned by James Francis Poepl. Holly Kate Ostertag joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Francis Poepl	Owner/chief compliance officer	1 Nov 2015	75% - 100%	4789770
Andrew Michael Lucking	Chief compliance officer	1 Nov 2015	Other	4734835
Jacob Michael Poepl	Managing member	1 Jul 2016	25% - 50%	6690442
Matthew John Poepl	Managing member	1 Jul 2016	25% - 50%	6690444
Holly Kate Ostertag	Chief compliance officer	1 Jun 2018	Other	6853969

Based in Rosemount

The principal office where Vermillion Wealth Management Inc. performs its advisory services is located at 15040 Canada Ave. W, Rosemount, MN 55068, which is also the mailing address of the firm. An additional office of the firm is in Hastings, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 651-480-4601 or by fax 651-423-9213. The normal business hours are 8-5 on Monday - Friday.