Vermillion Wealth Management (VWM) offers investment management and financial planning services. For investment management, VWM works with clients to determine their goals, risk tolerance, and time horizon, then creates a tailored investment strategy. VWM also offers one-time and ongoing financial planning services covering topics like retirement, taxes, insurance, and estate planning. James Poepl, co-owner, is also co-owner of Vermillion Insurance Agency and Vermillion State Bank, which presents a conflict of interest.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1000K | 1.00% |
| $1M+ | 0.75% |
The annual fee is negotiable based upon certain criteria (e.g., historical relationship, type of assets, anticipated future earning capacity, anticipated future additional assets, dollar amounts of assets to be managed, related accounts, account composition, negotiations with Clients, etc.).