Vermillion Financial Advisors, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$360,251,126
Clients
265
Advisors
5
of 10 employees
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
Expertise
Occupation focus
Demographic focus
Fee options
Personal Financial Inventory flat fees range from $3,500 to $7,750 depending on advisor level.
$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
Insurance products sold by licensed agents affiliated with the firm generate commissions; less than 2% of firm revenue.
Hourly rates range from $280 to $475 for advisory staff, $155 to $225 for admin/support staff depending on role.
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
16 Executive Court, Suite 3
South Barrington IL 60010
Advisors at this office
5
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
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
John L
CFP®
South Barrington, IL
Vermillion Financial Advisors, Inc.
John La Spisa is a CFP® at Vermillion Financial Advisors, Inc. with two years of industry experience. His background includes multiple roles at the University of Illinois Urbana-Champaign and Vermillion Financial Advisors. Vermillion Financial Advisors serves individuals, pension and profit-sharing plans, business entities, trusts, estates, and charitable organizations, providing financial planning and investment advisory services. The firm emphasizes structured communications and education through a range of planning disciplines, model and customized portfolios, and participant education tied to plan assets.
Jeffrey P
CFP®, Series 63
South Barrington, IL
Vermillion Financial Advisors, Inc.
Jeffrey Pearce is a CFP® with 29 years of industry experience and has been with Vermillion Financial Advisors, Inc. since 1990. He is based in South Barrington, IL, and holds the Series 63 designation. Vermillion Financial Advisors serves individuals, pension and profit-sharing plans, business entities, trusts, estates, and charitable organizations with financial planning and investment advisory services. The firm emphasizes structured communication and education, offering both model and customized portfolio solutions primarily on a non-discretionary basis.
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.
Mark L
CFP®, Series 63
South Barrington, IL
Vermillion Financial Advisors, Inc.
Mark Laspisa is a CFP® with 29 years of industry experience and has been with Vermillion Financial Advisors, Inc. since 1988. He is based in South Barrington, IL, and holds the Series 63 designation. Vermillion Financial Advisors serves individuals, pension and profit-sharing plans, business entities, trusts, estates, and charitable organizations by providing financial planning and investment advisory services, including employer-sponsored retirement plans. The firm emphasizes structured, written communications and educational services, offering both model and customized portfolio solutions on a non-discretionary basis.
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.
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