{"url":"https://nivawealth.com/firms/vpwm-advisors-167886","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/167886","regulatoryAum":326586982,"crd":"167886","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4338830","suffix":null,"lastName":"BORTOLUSSI","firstName":"JAMES","middleName":"PATRICK"},{"crd":"3224473","suffix":null,"lastName":"BRADLEY","firstName":"TEDD","middleName":"MATTHEW"},{"crd":"7634304","suffix":null,"lastName":"BRALEY","firstName":"KIMBERLY","middleName":"JO"},{"crd":"4669409","suffix":null,"lastName":"DAVIS","firstName":"WILLIAM","middleName":"JOSEPH"},{"crd":"7133732","suffix":null,"lastName":"Erdmann","firstName":"James","middleName":"Norman"},{"crd":"5424014","suffix":null,"lastName":"HOLM","firstName":"BENJAMIN","middleName":"ALLAN"},{"crd":"5633220","suffix":null,"lastName":"Holm","firstName":"Samuel","middleName":"John"},{"crd":"6616124","suffix":null,"lastName":"Imdieke","firstName":"Ethan","middleName":"Thomas"},{"crd":"3264757","suffix":null,"lastName":"LEE","firstName":"KONG","middleName":"MENG"},{"crd":"7685025","suffix":null,"lastName":"Magnuson","firstName":"Ethan","middleName":"Francis"},{"crd":"2087535","suffix":null,"lastName":"MCRAE","firstName":"JOSEPH","middleName":"SCOTT"},{"crd":"4568390","suffix":null,"lastName":"OTTERNESS","firstName":"JON","middleName":"RICHARD"},{"crd":"2482160","suffix":null,"lastName":"Pavek","firstName":"Christopher","middleName":"J."},{"crd":"4440594","suffix":null,"lastName":"SIMONICH","firstName":"MICHAEL","middleName":"LAWRENCE"},{"crd":"6283756","suffix":null,"lastName":"SMITH","firstName":"JILL","middleName":"ELIZABETH"}],"total":15,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-05-19","regulatoryAum":402083051,"clients":1868,"employees":15,"offices":9},{"filedOn":"2022-05-20","regulatoryAum":324952893,"clients":1680,"employees":15,"offices":7},{"filedOn":"2023-04-05","regulatoryAum":303198638,"clients":1630,"employees":15,"offices":7},{"filedOn":"2024-03-21","regulatoryAum":327754067,"clients":1750,"employees":12,"offices":6},{"filedOn":"2025-04-22","regulatoryAum":277355003,"clients":932,"employees":15,"offices":8},{"filedOn":"2026-06-25","regulatoryAum":326586982,"clients":1223,"employees":17,"offices":8}],"secFileNumber":"801-99343","legalName":"VPWM Advisors, LLC","displayName":"VPWM Advisors","slug":"vpwm-advisors-167886","website":"https://vpwealthmgmt.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Minnesota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"505 North Highway 169, Suite 260","city":"Plymouth","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55441"},"tradeNames":["Boundary Waters Wealth Management LLC","FMS Financial Planning","Up North Wealth Advisors","Vantage Point Wealth Management"],"registration":{"secApproved":"3 June 2015","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":266954.1000820345,"staff":{"employees":17,"advisory":14,"brokerDealerReps":15,"insuranceAgents":14,"promoters":0},"aum":{"regulatory":326586982,"discretionary":293882917,"discretionaryAccounts":1550,"nonDiscretionary":32704065,"nonDiscretionaryAccounts":165,"wrapProgram":129209379,"nonUsClientsPct":0,"nonAumClients":241},"clientTypes":[{"label":"Individuals (other than HNW)","clients":891,"regulatoryAum":123126016},{"label":"High-net-worth individuals","clients":328,"regulatoryAum":202291032},{"label":"Pension and profit-sharing plans","clients":2,"regulatoryAum":29113},{"label":"Corporations and other businesses","clients":2,"regulatoryAum":1140821}],"feePrograms":[{"role":"main","program":"Asset Management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015828","versionId":1015828,"ratePeriod":"annual","fee_billing":null,"submittedOn":"2026-03-09","documentName":"ADV PART 2A","fee_rate_low":1.25,"fee_rate_high":2.5,"fee_negotiable":null,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning and Consulting","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015828","versionId":1015828,"submittedOn":"2026-03-09","documentName":"ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T09:50:33.044718+00:00","documents":[{"name":"ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015828","versionId":1015828,"submittedOn":"2026-03-09"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015829","versionId":1015829,"submittedOn":null}]},"custodians":[{"name":"LPL Financial LLC","shortName":"LPL Financial","location":"Boston, MA","smaAssets":313220649}],"custodyNote":"VPWM Advisors does not have custody of client assets.","leadership":[{"name":"Joseph McRae","title":"Managing Member & Chief Compliance Officer","crd":"2087535"},{"name":"James Erdmann","title":"Compliance Manager","crd":"7133732"}],"ownership":[{"label":"Joseph McRae","detail":"Managing member & chief compliance officer in the 75% or more ownership band and a control person, since September 2013."},{"label":"James Erdmann","detail":"Compliance manager in the 10% to 25% ownership band, since January 2022."}],"filedOffices":{"otherThanPrincipal":7,"privateResidences":5},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":2,"addresses":[{"street":"505 North Highway 169, Suite 260","city":"Plymouth","headquarters":true},{"street":"7101 York Ave. S.","city":"Edina"}]},{"state":"North Dakota","offices":1,"addresses":[{"street":"1830 E Century Ave","city":"Bismark"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"763-587-7120","stateRegisteredReps":15,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":9},{"label":"Non-investment grade corporate bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":79},{"label":"Cash and cash equivalents","percent":5},{"label":"Other","percent":4,"detail":"Structured Products"}],"privateFunds":0},"sources":{"adv1FilingDate":"25 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/167886/PDF/167886.pdf","brochureDate":"9 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015828","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does VPWM Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does VPWM Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does VPWM Advisors charge?","answer":"VPWM Advisors charges 1.25%–2.50% a year for its Asset Management.","source":"ADV PART 2A, filed 9 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does VPWM Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does VPWM Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does VPWM Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns VPWM Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does VPWM Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is VPWM Advisors registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact VPWM Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 25 June 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}