VPWM Advisors provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars. Financial planning was provided to 1–10 clients last fiscal year.
VPWM Advisors reports 1,223 clients. They include 891 individual clients, 328 high-net-worth individuals, and 2 pension and profit-sharing plans. Of its assets, 90.0% ($294M across 1,550 accounts) are managed with discretion; $32.7M across 165 accounts are not. A wrap fee program the firm both sponsors and manages holds $129M. It advised 241 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 73% | 38% |
| High-net-worth individuals | 27% | 62% |
| Pension and profit-sharing plans | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 891 | $123M | 37.7% | $138K |
| High-net-worth individuals | 328 | $202M | 61.9% | $617K |
| Pension and profit-sharing plans | 2 | $29.1K | 0.0% | $14.6K |
| Corporations and other businesses | 2 | $1.14M | 0.3% | $570K |
| Total | 1,223 | $327M | 100% | $267K |
- Clients
- 891
- Regulatory AUM
- $123M
- AUM share
- 37.7%
- Avg. per client
- $138K
- Clients
- 328
- Regulatory AUM
- $202M
- AUM share
- 61.9%
- Avg. per client
- $617K
- Clients
- 2
- Regulatory AUM
- $29.1K
- AUM share
- 0.0%
- Avg. per client
- $14.6K
- Clients
- 2
- Regulatory AUM
- $1.14M
- AUM share
- 0.3%
- Avg. per client
- $570K
Total
- Clients
- 1,223
- Regulatory AUM
- $327M
- AUM share
- 100%
- Avg. per client
- $267K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 241
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
VPWM Advisors charges 1.25%–2.50% a year for its Asset Management. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning is billed at an hourly fee of $250 per hour, or at a flat fee between $500 and $5,000 set by complexity.
Joseph McRae owns 75% or more of VPWM Advisors. The leadership team of VPWM Advisors includes Chief Compliance Officer Joseph McRae. It has 17 employees, 14 of them in advisory roles.
Leadership
- Joseph McRaeManaging Member & Chief Compliance Officer
- James ErdmannCompliance Manager
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
- James Patrick Bortolussi
- Tedd Matthew Bradley
- Kimberly Jo Braley
- William Joseph Davis
- James Norman Erdmann
- Benjamin Allan Holm
- Samuel John Holm
- Ethan Thomas Imdieke
- Kong Meng Lee
- Ethan Francis Magnuson
- Joseph Scott McRae
- Jon Richard Otterness
- Christopher J. Pavek
- Michael Lawrence Simonich
- Jill Elizabeth Smith
Staff
- 17 employees
- 14 in advisory functions
- 15 state-registered reps
- 15 broker-dealer reps
- 14 insurance agents
- Owns 75% or more of VPWM Advisors, LLC
Joseph McRae
Control person · since September 2013
- Owns 10% to 25% of VPWM Advisors, LLC
James Erdmann
since January 2022
VPWM Advisors’ regulatory assets fell from $402M (May 2021) to $327M (June 2026); clients fell from 1,868 to 1,223 and employees rose from 15 to 17.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $327M | 1,223 | 17 | 8 |
| April 2025 | $277M | 932 | 15 | 8 |
| March 2024 | $328M | 1,750 | 12 | 6 |
| April 2023 | $303M | 1,630 | 15 | 7 |
| May 2022 | $325M | 1,680 | 15 | 7 |
| May 2021 | $402M | 1,868 | 15 | 9 |
Besides its headquarters, VPWM Advisors has 7 offices (5 private residences, listed without an address), with 3 listed addresses in Minnesota and North Dakota.
Minnesota · 2 listed addresses
- 505 North Highway 169, Suite 260, PlymouthHQ
- 7101 York Ave. S., Edina
North Dakota · 1 listed address
- 1830 E Century Ave, Bismark
Other business names
VPWM Advisors has reported 4 other business names to the SEC.
- Boundary Waters Wealth Management LLC
- FMS Financial Planning
- Up North Wealth Advisors
- Vantage Point Wealth Management
Contact and registration details
- Legal name
- VPWM Advisors, LLC
- Headquarters
- 505 North Highway 169, Suite 260, Plymouth, MN 55441
- Website
- vpwealthmgmt.com
- Phone
- 763-587-7120
- SEC file
- 801-99343
- Structure
- Minnesota LLC
- Fiscal year end
- December
VPWM Advisors uses LPL Financial ($313M) as custodian for its separately managed accounts. VPWM Advisors does not have custody of client assets.
- LPL FinancialLPL Financial LLC · Boston, MA · $313M100%
At year end, VPWM Advisors’ separately managed accounts were mostly in funds (79%).
What the accounts hold
- Stocks9%
- Funds79%
- Bonds3%
- Cash5%
- Other4%
- Structured products4%
How many clients does VPWM Advisors have?
VPWM Advisors has 1,223 clients and manages $327 million for them, as of June 2026. They include 891 individual clients, 328 high-net-worth individuals, and 2 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 June 2026
What services does VPWM Advisors offer?
VPWM Advisors provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does VPWM Advisors charge?
VPWM Advisors charges 1.25%–2.50% a year for its Asset Management.
Source: ADV PART 2A, filed 9 March 2026
Which custodians does VPWM Advisors use?
VPWM Advisors’ separately managed account assets are held at LPL Financial LLC (Boston, MA), with $313M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 June 2026
How many financial advisors does VPWM Advisors have?
VPWM Advisors has 15 investment adviser representatives registered with state securities authorities, out of 17 employees, and 14 perform investment advisory functions. 15 employees are registered representatives of a broker-dealer and 14 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does VPWM Advisors invest in?
At the end of its last fiscal year, VPWM Advisors’ separately managed accounts held 79% registered funds (mutual funds, ETFs, BDCs), 9% exchange-traded equities, 5% cash and equivalents, 4% other and 3% high-yield corporate bonds. The 4% other category is described as: Structured Products.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns VPWM Advisors?
VPWM Advisors’ direct owners are Joseph McRae (75% or more) and James Erdmann (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 25 June 2026
How does VPWM Advisors get paid?
VPWM Advisors is paid through a percentage of assets under management, hourly charges 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
Is VPWM Advisors registered with the SEC?
Yes, VPWM Advisors has been registered with the SEC as an investment adviser since 3 June 2015. Its CRD number is 167886 and its SEC file number is 801-99343.
Source: Form ADV Part 1A, Item 1, filed 25 June 2026; IAPD firm record
How do I contact VPWM Advisors?
VPWM Advisors’ main office is at 505 North Highway 169, Suite 260, Plymouth, MN 55441. Its phone number is 763-587-7120. Its website is vpwealthmgmt.com.