Vermillion Wealth Management Inc
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Overview
Vermillion Wealth Management Inc is located at 15040 Canada Ave. W, Rosemount, MN. The firm employs 4 financial advisors to manage client portfolios and provide financial guidance. Vermillion Wealth Management Inc is not a registered broker-dealer.
Vermillion Wealth Management Inc oversees $307.9 million in assets under management across 1,267 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 51 and 100 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and pension consulting services. The firm caters to retail investors, high net worth investors, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at Vermillion Wealth Management Inc includes asset-based and fixed fees. The firm has 63 high net worth clients and maintains affiliations with a banking or thrift institution and an insurance company or agency.
Vermillion Wealth Management Inc is registered in the states of Arizona, Florida, Minnesota, and Wisconsin.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Vermillion Wealth Management Inc by the Numbers
$307.9 million
5
1,267
$243.0 thousand
Products and Services
Vermillion Wealth Management Inc provides a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, and pension consulting services. In the prior financial year, Vermillion Wealth Management Inc provided 51-100 of its accounts with financial planning services. The Company is not engaged in selling products or offering services other than investment advice to its investment advisory clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management usually are based on the services provided. Fees charged by Vermillion Wealth Management Inc likely include any combination of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Vermillion Wealth Management Inc.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company works with retail investors, high net worth investors, charitable organizations, and corporations. Out of its 4 clients, Vermillion Wealth Management Inc's biggest client type by number of accounts is high net worth investors, although it also serves 63 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).
- High-Net-Worth Individuals* - 7.05%
- Other Individuals - 92.61%
- Corporations - 0.11%
- Charitable Organizations - 0.22%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Vermillion Wealth Management Inc does not have any disclosures.
Please visit its Form ADV for more details.
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