Vermillion Financial Advisors, Inc. logo

Vermillion Financial Advisors, Inc.

Updated today

Client assets under management

$360,251,126

Clients

265

39% high-net worth

Advisors

5

of 10 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

53

Typical

Average account size

$1,359,438

About

Vermillion Financial Advisors serves individuals, pension and profit‑sharing plans, business entities, trusts, estates and charitable organizations, offering financial planning and investment advisory services as well as investment advisory services for employer‑sponsored retirement plans. The firm’s planning menu includes a Personal Financial Inventory and a broad set of planning disciplines (retirement, tax, estate, education, insurance) and it offers both model Target Investment Portfolios (TIPs) and customized portfolio solutions (CPs).

Vermillion typically provides advice on a non‑discretionary basis; the brochure states the firm does not manage client assets on a discretionary basis and describes limits of non‑discretionary service (client authorization is required for trades, with certain maintenance actions permitted). Clients can elect ongoing monitoring through the firm’s Investment Portfolio and Monitoring Service (IPRAMS), which specifies rebalancing triggers, reports and review frequencies to support portfolio oversight.

What distinguishes Vermillion from many peers is the emphasis on structured, written communications and plan education: the brochure details a wide range of periodic reports and an IPRAMS reporting menu (quarterly, semi‑annual, annual) and a formal Trustee/Advisor review program for employer plans. The firm also explicitly offers participant education services—employee/participant meetings, workshops or seminars—tied to plan‑asset thresholds, reflecting a communications‑heavy, advisory model that differs from the typical discretionary, trade‑driven practice.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers Newsletters or periodicals Educational seminars or workshops

Expertise

General retirement planning General tax planning College savings (529s, UTMA, etc.) Options & derivatives strategies

Occupation focus

Founder/Business Owner Executive

Demographic focus

Mid-Career Professionals

Fee options

Fixed

Personal Financial Inventory flat fees range from $3,500 to $7,750 depending on advisor level.

Percentage

$0 - $1,000,000: 1.00% annually for Target Investment Portfolio (Gold Plan) - Tier One $1,000,001 - $2,000,000: 0.875% annually for Defined Contribution Plans $2,000,001 - $3,000,000: 0.75% annually for Defined Contribution Plans $3,000,001 - $5,000,000: 0.625% annually for Defined Contribution Plans $5,000,001+: 0.50% annually for Defined Contribution Plans $0 - $1,000,000: 1.50% (Quarterly IPRAMS Fee) to 1.20% (Annual IPRAMS Fee) for Custom Portfolio (Platinum Plan) - Tier Two

Commissions

Insurance products sold by licensed agents affiliated with the firm generate commissions; less than 2% of firm revenue.

Project-based

Hourly rates range from $280 to $475 for advisory staff, $155 to $225 for admin/support staff depending on role.

Other

Account minimum: $100,000 Minimum fee: Investment advisory minimum monthly fee $500; financial planning minimum flat fees from $3,500 to $7,750 for Personal Financial Inventory; financial planning service plan minimum monthly fees from $205 to $1,250 depending on advisor level and appointment bundle Fee-only: Financial planning fees charged as flat fees ($3,500 to $7,750 for Personal Financial Inventory) and hourly rates ($280 to $475 per hour depending on advisor level). Financial planning service plans available with monthly fees ranging from $205 to $1,250 depending on appointment frequency and advisor level.

Main office location

Vermillion Financial Advisors, Inc.

16 Executive Ct, Suite 3

South Barrington IL 60010, United States

Number of offices

2

Most active in

Arizona · Florida · Illinois · Texas

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

John L

CFP®

South Barrington, IL

Vermillion Financial Advisors, Inc.

John La Spisa is a CFP® professional at Vermillion Financial Advisors, Inc. with three years of industry experience. His background includes multiple roles at Vermillion Financial Advisors and academic positions at the University of Illinois Urbana/Champaign and the University of Nebraska–Lincoln. Vermillion Financial Advisors provides financial planning, investment advisory, and employer-sponsored retirement plan services to individuals, trusts, business entities, and pension/profit-sharing plans. The firm offers both stand-alone financial planning and ongoing advisory programs, utilizing model and customized portfolios with a non-discretionary approach to trade approvals and portfolio management.

General retirement planning General tax planning College savings (529s, UTMA, etc.) Options & derivatives strategies Founder/Business Owner Executive Mid-Career Professionals
user avatar

Jeffrey P

CFP®, Series 63

South Barrington, IL

Vermillion Financial Advisors, Inc.

Jeffrey Pearce is a CFP® with 28 years of industry experience, currently serving at Vermillion Financial Advisors, Inc. since 1990. He holds the Series 63 designation and is based in South Barrington, Illinois. Vermillion Financial Advisors provides financial planning, investment advisory, and employer-sponsored retirement plan services to individuals, trusts, business entities, and pension/profit-sharing plans. The firm offers both model and customized portfolios along with structured service tiers, educational seminars, and a non-discretionary investment approach.

General retirement planning General tax planning College savings (529s, UTMA, etc.) Options & derivatives strategies Founder/Business Owner Executive Mid-Career Professionals
user avatar

Jason D

CFP®, Series 65

South Barrington, IL

Vermillion Financial Advisors, Inc.

Jason Dhooghe is a CFP® with four years of industry experience, currently serving at Vermillion Financial Advisors, Inc. He previously worked at Wealth Enhancement Group and Wealth Enhancement Advisory Services from 2021 to 2025. Vermillion Financial Advisors provides financial planning, investment advisory, and employer-sponsored retirement plan services to individuals, trusts, business entities, and pension/profit-sharing plans. The firm offers both model and customized portfolios, non-discretionary trade approvals, and educational workshops for plan participants.

General retirement planning General tax planning College savings (529s, UTMA, etc.) Options & derivatives strategies Founder/Business Owner Executive Mid-Career Professionals
user avatar

Mark L

CFP®, Series 63

South Barrington, IL

Vermillion Financial Advisors, Inc.

Mark Laspisa is a CFP® with 28 years of industry experience and has been with Vermillion Financial Advisors, Inc. since 1988. He is based in South Barrington, IL, and holds a Series 63 license. Vermillion Financial Advisors offers financial planning, investment advisory, and employer-sponsored retirement plan services to individuals, trusts, business entities, and pension/profit-sharing plans. The firm provides both stand-alone financial planning and ongoing investment advisory programs, utilizing model and customized portfolios with a non-discretionary approach and a range of client education and reporting services.

General retirement planning General tax planning College savings (529s, UTMA, etc.) Options & derivatives strategies Founder/Business Owner Executive Mid-Career Professionals
user avatar

Phillip C

CFP®

South Barrington, IL

Vermillion Financial Advisors, Inc.

Phillip Coad is a CFP® professional with 14 years of industry experience, currently serving at Vermillion Financial Advisors, Inc. in South Barrington, IL. He has been with Vermillion Financial Advisors since 2005, working as part of a six-advisor team. Vermillion Financial Advisors provides financial planning, investment advisory, and employer-sponsored retirement plan services to individuals, trusts, business entities, and pension/profit-sharing plans. The firm offers both stand-alone financial planning and ongoing investment advisory programs, utilizing model and customized portfolios along with structured service tiers and educational workshops for plan participants.

General retirement planning General tax planning College savings (529s, UTMA, etc.) Options & derivatives strategies Founder/Business Owner Executive Mid-Career Professionals
Warmer team member

Not sure where to start?

We'll help you think it through – whether you ultimately need an advisor or not.

Call (201) 292-4557

Warmer provides personalized recommendations and introductions to independent fiduciary advisors. We do not supervise advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.

Each advisor listed on our site is an independent fiduciary responsible for their own advice. Warmer may receive fees from advisors for participation or referrals; these fees are paid by advisors and do not affect the fees clients pay for advisory services.

For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Please review an advisor's Form ADV and do your own diligence before entering into an advisory relationship.

By using our service, you agree to Warmer's Terms of Service and Advisory Agreement and Privacy Policy. Logos provided by Logo.dev

© 2026 Warmer Holdings Inc. ("Warmer")