{
  "crd_number": 119239,
  "slug": "vermillion-financial-advisors-inc-south-barrington-il-119239",
  "primary_business_name": "VERMILLION FINANCIAL ADVISORS, INC.",
  "legal_name": "VERMILLION FINANCIAL ADVISORS, INC.",
  "dbas": [],
  "city": "South Barrington",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2008-05-12",
  "years_registered": 18,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 386742517.0,
  "raum_discretionary": 0.0,
  "raum_non_discretionary": 386742517.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 10,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 8118487.0,
      "count": 3,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 59225323.0,
      "count": 162
    },
    "pension_profit_sharing": {
      "raum": 18372904.0,
      "count": 11
    },
    "high_net_worth_individuals": {
      "raum": 301025803.0,
      "count": 103
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "FL",
    "IL",
    "TX"
  ],
  "websites": [
    "https://buzzsprout.com/2098839",
    "https://facebook.com/people/Vermillion-Financial-Advisors-Inc/100091761394808",
    "https://instagram.com/vermillionfinancial",
    "https://linkedin.com/company/vermillion-financial-advisors/about",
    "https://nextdoor.com/pages/vermillion-financial-advisors-barrington-il",
    "https://open.spotify.com/user/31jp3kcs7cqwjupv4xdjazkw6vpq",
    "https://vermillionfinancial.com",
    "https://x.com/VERMILLIONFA",
    "https://yelp.com/biz/vermillion-financial-advisors-south-barrington",
    "https://youtube.com/@vermillionfinancialadvisors"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/119239",
  "city_as_filed": "SOUTH BARRINGTON",
  "url": "https://advisorcensus.com/firm/vermillion-financial-advisors-inc-south-barrington-il-119239",
  "display_name": "Vermillion Financial Advisors, Inc.",
  "summary": "Vermillion Financial Advisors, Inc. is an SEC-registered investment advisory firm in South Barrington, IL, registered since 2008, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. Vermillion Financial Advisors, Inc. (CRD 119239): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Vermillion Financial Advisors, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Vermillion Financial Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Vermillion Financial Advisors, Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 states: Flat fee: $3,500 (Personal Financial Inventory — Personal Financial Counselor); Flat fee: $4,500 (Personal Financial Inventory — Personal Financial Advisor); Flat fee: $6,000 (Personal Financial Inventory — Senior Financial Advisor); Flat fee: $7,750 (Personal Financial Inventory — Managing Advisor). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Vermillion Financial Advisors, Inc. located?",
      "a": "Vermillion Financial Advisors, Inc.'s principal office is in South Barrington, IL, according to its Form ADV."
    },
    {
      "q": "Is Vermillion Financial Advisors, Inc. registered with the SEC or a state?",
      "a": "Vermillion Financial Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 119239."
    },
    {
      "q": "How much does Vermillion Financial Advisors, Inc. manage?",
      "a": "Vermillion Financial Advisors, Inc. reports $386,742,517 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (0% discretionary)."
    },
    {
      "q": "How have Vermillion Financial Advisors, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Vermillion Financial Advisors, Inc.: Regulatory assets under management: $258,603,734 in the October 2021 data and $386,742,517 in the October 2026 data, up 50%. Total employees: 18 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Vermillion Financial Advisors, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (162); high net worth individuals (103); pension and profit sharing plans (but not the plan participants or government pension plans) (11)."
    },
    {
      "q": "Which custodians does Vermillion Financial Advisors, Inc. use?",
      "a": "Vermillion Financial Advisors, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Schwab as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Vermillion Financial Advisors, Inc. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/119239"
    },
    {
      "q": "What changed in Vermillion Financial Advisors, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 6 to 5."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 258603734.0,
      "total_employees": 18,
      "filing_date": "2021-04-01"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 308493333.0,
      "total_employees": 18,
      "filing_date": "2022-04-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 265441814.0,
      "total_employees": 10,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 319412839.0,
      "total_employees": 9,
      "filing_date": "2024-03-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 370469636.0,
      "total_employees": 8,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 386742517.0,
      "total_employees": 10,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 6 to 5."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in CA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $3,500 (Personal Financial Inventory — Personal Financial Counselor)",
      "Flat fee: $4,500 (Personal Financial Inventory — Personal Financial Advisor)",
      "Flat fee: $6,000 (Personal Financial Inventory — Senior Financial Advisor)",
      "Flat fee: $7,750 (Personal Financial Inventory — Managing Advisor)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $3,500 (Personal Financial Inventory — Personal Financial Counselor)"
        ],
        "quotes": [
          "The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Personal Financial Counselor $3,500"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $4,500 (Personal Financial Inventory — Personal Financial Advisor)"
        ],
        "quotes": [
          "The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Personal Financial Advisor $4,500"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $6,000 (Personal Financial Inventory — Senior Financial Advisor)"
        ],
        "quotes": [
          "The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Senior Financial Advisor $6,000"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $7,750 (Personal Financial Inventory — Managing Advisor)"
        ],
        "quotes": [
          "The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Managing Advisor $7,750"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": 3500.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "Personal Financial Inventory — Personal Financial Counselor"
        },
        {
          "kind": "flat",
          "amount": 4500.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "Personal Financial Inventory — Personal Financial Advisor"
        },
        {
          "kind": "flat",
          "amount": 6000.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "Personal Financial Inventory — Senior Financial Advisor"
        },
        {
          "kind": "flat",
          "amount": 7750.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "Personal Financial Inventory — Managing Advisor"
        }
      ]
    },
    "quotes": [
      "The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Personal Financial Counselor $3,500",
      "The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Personal Financial Advisor $4,500",
      "The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Senior Financial Advisor $6,000",
      "The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Managing Advisor $7,750"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Schwab",
      "name_as_filed": "SCHWAB",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/vermillion-financial-advisors-inc-south-barrington-il-119239.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 162,
      "fewer_than_5": false,
      "raum": 59225323.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 103,
      "fewer_than_5": false,
      "raum": 301025803.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 11,
      "fewer_than_5": false,
      "raum": 18372904.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": true,
      "raum": 8118487.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/119239",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}