# Vermillion Financial Advisors, Inc.

> 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.

- CRD: 119239
- Filed as: VERMILLION FINANCIAL ADVISORS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: South Barrington, IL
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/119239
- AdvisorCensus page: https://advisorcensus.com/firm/vermillion-financial-advisors-inc-south-barrington-il-119239

## Quick answers

**How is Vermillion Financial Advisors, Inc. compensated?**
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).

**How much does Vermillion Financial Advisors, Inc. charge?**
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.

**Where is Vermillion Financial Advisors, Inc. located?**
Vermillion Financial Advisors, Inc.'s principal office is in South Barrington, IL, according to its Form ADV.

**Is Vermillion Financial Advisors, Inc. registered with the SEC or a state?**
Vermillion Financial Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 119239.

**How much does Vermillion Financial Advisors, Inc. manage?**
Vermillion Financial Advisors, Inc. reports $386,742,517 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (0% discretionary).

**How have Vermillion Financial Advisors, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Vermillion Financial Advisors, Inc. serve?**
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).

**Which custodians does Vermillion Financial Advisors, Inc. use?**
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.

**Does Vermillion Financial Advisors, Inc. report any disciplinary disclosures?**
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

**What changed in Vermillion Financial Advisors, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 6 to 5.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Flat fee: $3,500 (Personal Financial Inventory — Personal Financial Counselor)

> The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Personal Financial Counselor $3,500

- Flat fee: $4,500 (Personal Financial Inventory — Personal Financial Advisor)

> The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Personal Financial Advisor $4,500

- Flat fee: $6,000 (Personal Financial Inventory — Senior Financial Advisor)

> The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Senior Financial Advisor $6,000

- Flat fee: $7,750 (Personal Financial Inventory — Managing Advisor)

> The CLIENT agrees to pay PLANNER the below checked flat fee to prepare a Personal Financial Inventory. ... Managing Advisor $7,750

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Schwab

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.

### Regulatory assets under management (Item 5.F)
- Total: $386,742,517
- Discretionary: $0
- Non-discretionary: $386,742,517

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 162 | $59,225,323 |
| High net worth individuals | 103 | $301,025,803 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 11 | $18,372,904 |
| Charitable organizations | 3 | $8,118,487 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2008 (18 years)
- Employees: 10 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, FL, IL, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [buzzsprout.com/2098839](https://buzzsprout.com/2098839)
- [nextdoor.com/pages/vermillion-financial-advisors-barrington-il](https://nextdoor.com/pages/vermillion-financial-advisors-barrington-il)
- [open.spotify.com/user/31jp3kcs7cqwjupv4xdjazkw6vpq](https://open.spotify.com/user/31jp3kcs7cqwjupv4xdjazkw6vpq)
- [vermillionfinancial.com](https://vermillionfinancial.com)
- [yelp.com/biz/vermillion-financial-advisors-south-barrington](https://yelp.com/biz/vermillion-financial-advisors-south-barrington)
- Facebook @Vermillion-Financial-Advisors-Inc
- Instagram @vermillionfinancial
- LinkedIn @vermillion-financial-advisors
- X @VERMILLIONFA
- YouTube @vermillionfinancialadvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $258,603,734 | 18 | April 1, 2021 |
| October 2022 | $308,493,333 | 18 | April 1, 2022 |
| October 2023 | $265,441,814 | 10 | March 30, 2023 |
| October 2024 | $319,412,839 | 9 | March 26, 2024 |
| October 2025 | $370,469,636 | 8 | March 31, 2025 |
| October 2026 | $386,742,517 | 10 | March 27, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 6 to 5.

### January 2026
- No longer registered or notice-filed in CA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Vermillion Financial Advisors, Inc. (CRD 119239): Form ADV filing data as of October 2026.