Vermillion Wealth Management provides financial planning, portfolio management for individuals and small businesses, and pension consulting. Financial planning was provided to 101–250 clients last fiscal year.
Vermillion Wealth Management reports 706 clients. They include 691 individual clients and 15 high-net-worth individuals. Of its assets, 100.0% ($460M across 1,530 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $340M. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 98% | 66% |
| High-net-worth individuals | 2% | 34% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 691 | $305M | 66.3% | $441K |
| High-net-worth individuals | 15 | $155M | 33.7% | $10.3M |
| Total | 706 | $460M | 100% | $651K |
- Clients
- 691
- Regulatory AUM
- $305M
- AUM share
- 66.3%
- Avg. per client
- $441K
- Clients
- 15
- Regulatory AUM
- $155M
- AUM share
- 33.7%
- Avg. per client
- $10.3M
Total
- Clients
- 706
- Regulatory AUM
- $460M
- AUM share
- 100%
- Avg. per client
- $651K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Vermillion Wealth Management charges 0.75%–1.00% a year for its Asset Management. The whole portfolio is charged at the rate of its band. The fee is negotiable. The brochure also prices 3 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M and above | 0.75% |
Fee details and sources
Other fees
- ERISA Plan Services
- ERISA plan services carry a fixed annual fee of $2,000 to $8,000, negotiable and billed quarterly in arrears.
- One-Time Financial Planning
- One-time financial planning is a fixed fee of $1,000 to $5,000, due on delivery of the completed plan.
- Ongoing Financial Planning
- Ongoing financial planning is a quarterly fixed fee of $200 to $1,000, billed quarterly in arrears.
The James F Poepl Revocable Trust Dated 12/29/2016 owns 25% to 50% of Vermillion Wealth Management. The leadership team of Vermillion Wealth Management includes President James Poepl and Chief Compliance Officer Holly Ostertag. It has 5 employees, 4 of them in advisory roles.
Leadership
- James PoeplPresident
- Holly OstertagChief Compliance Officer
- Nicholas FamularoOwner
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 4 in advisory functions
- 4 state-registered reps
- 1 insurance agent
- Owns 25% to 50% of Vermillion Wealth Management Inc.
The James F Poepl Revocable Trust Dated 12/29/2016
Control person · since June 2026
James Poepl
Trustee · Control person · since December 2016
- Owns 25% to 50% of Vermillion Wealth Management Inc.
The Jacob M Poepl Revocable Trust Dated 12/29/2016
Control person · since June 2026
Jacob Poepl
Trustee · Control person · since December 2016
- Owns 25% to 50% of Vermillion Wealth Management Inc.
The Matthew J Poepl Revocable Trust Dated 4/12/2017
Control person · since June 2026
Matthew Poepl
Trustee · Control person · since April 2017
- Owns 10% to 25% of Vermillion Wealth Management Inc.
Nicholas Famularo
since June 2026
Vermillion Wealth Management’s regulatory assets grew 2.3× from $200M (January 2021) to $460M (June 2026); clients rose from 554 to 706 and employees from 3 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $460M | 706 | 5 | 1 |
| June 2025 | $340M | 1,320 | 4 | 1 |
| May 2024 | $308M | 893 | 5 | 1 |
| January 2023 | $268M | 1,186 | 5 | 1 |
| January 2022 | $242M | 850 | 3 | 1 |
| January 2021 | $200M | 554 | 3 | 6 |
Besides its headquarters, Vermillion Wealth Management has 0 offices, with 1 listed address in Minnesota.
Minnesota · 1 listed address
- 15040 Canada Ave. W, RosemountHQ
Contact and registration details
- Legal name
- Vermillion Wealth Management Inc.
- Headquarters
- 15040 Canada Ave. W, Rosemount, MN 55068
- Phone
- 651-480-4601
- SEC file
- 801-107450
- Structure
- Minnesota corporation
- Fiscal year end
- December
Vermillion Wealth Management uses Charles Schwab ($460M) as custodian for its separately managed accounts. Vermillion Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $460M100%
At year end, Vermillion Wealth Management’s separately managed accounts were mostly in funds (75%) and bonds (14%). Its reported 13F holdings for the quarter ended 30 June 2026 total $427M across 1,545 positions; the largest are Dimensional ETF Trust (13.1%), Vanguard BD Index Fds (5.5%) and Dimensional ETF Trust (4.8%).
What the accounts hold
- Stocks11%
- Funds75%
- Bonds14%
- U.S. government and agency bonds7%
- State and local bonds7%
Reported 13F holdings
- $427M
- Reported 13F value
- 1,545
- Positions
- 46.4%
- In the 10 largest
- +67.4%
- Value vs. prior quarter
- Dimensional ETF Trust · US Equi Mark ETF13.1%
- Vanguard BD Index Fds · Total Bnd Mrkt5.5%
- Dimensional ETF Trust · Core Fixe IN ETF4.8%
- Dimensional ETF Trust · Intl Cor Fix ETF4.5%
- Schwab Short-term Bond Index · Schwab Mutl Funds4.2%
- Schwab US Treasury Money Ultra · Schwab Non-sweep Mmf3.8%
- Dimensional ETF Trust · Intl Core EQT MK3.4%
- Vanguard World FD · Inf Tech ETF3.0%
- Dimensional ETF Trust · US Small Cap ETF2.3%
- Dimensional ETF Trust · Emgr Cre EQT Mng1.8%
Together, the ten largest are 46.4% of reported value.
How many clients does Vermillion Wealth Management have?
Vermillion Wealth Management has 706 clients and manages $460 million for them, as of June 2026. They include 691 individual clients and 15 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 June 2026
What services does Vermillion Wealth Management offer?
Vermillion Wealth Management provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Vermillion Wealth Management charge?
Vermillion Wealth Management charges 0.75%–1.00% a year for its Asset Management. The whole portfolio is charged at the rate of its band. The fee is negotiable.
Source: ADV2A AND 2B, filed 18 June 2026
Which custodians does Vermillion Wealth Management use?
Vermillion Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $460M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 June 2026
How many financial advisors does Vermillion Wealth Management have?
Vermillion Wealth Management has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Vermillion Wealth Management invest in?
At the end of its last fiscal year, Vermillion Wealth Management’s separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 11% exchange-traded equities, 7% U.S. government and agency bonds and 7% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Vermillion Wealth Management?
Vermillion Wealth Management’s direct owners are the James F Poepl Revocable Trust Dated 12/29/2016, the Jacob M Poepl Revocable Trust Dated 12/29/2016, the Matthew J Poepl Revocable Trust Dated 4/12/2017 and Nicholas Famularo, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 18 June 2026
How does Vermillion Wealth Management get paid?
Vermillion Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Vermillion Wealth Management?
Vermillion Wealth Management’s main office is at 15040 Canada Ave. W, Rosemount, MN 55068. Its phone number is 651-480-4601. Its website is vermillionwealthmanagement.com.