Vermillion and White Wealth Management Group (hereinafter referred to as VWG) was formed
in August of 2013. The principals of VWG are Ryan L. Vermillion and Brian J. White, CFP ®.
Whether the goal is to enhance, preserve, or transfer wealth, Vermillion and White Wealth
Management Group’s (hereinafter referred to as VWG) objective is to help clients achieve their
goals through comprehensive financial planning and quality investment advice. VWG is
committed to servicing our clients with a personal, professional, and dedicated approach.
The investment philosophy of Vermillion and White Wealth Management Group is based on
matching a client’s portfolio with their respective risk tolerance, time horizon, and investment
objectives. Our focus is to help clients develop investment strategies that assist in helping them
achieve their goals. VWG is designed to assist clients with the development of financial
planning and investment strategies based on these stated objectives. To assist clients in
developing these strategies, VWG can, but is not required to, use various financial data
gathering and investment risk-tolerance questionnaires. These tools will be used on an as
needed basis for VWG clients.
Investment vehicles include money markets, CD’s, treasury securities, corporate bonds,
municipal bonds, preferred stocks, mutual funds, exchange-traded funds, options, and
individual stocks. Investments are selected according to how well, in VWG’s opinion, they are
expected to help meet the clients’ objectives.
Financial and investment recommendations will be client specific. Once VWG completes its
analysis, a review of their findings will take place with each client prior to any investment
implementation.
VWG offers investment advisory and financial planning services to individuals, entities and
trusts on a discretionary and non-discretionary basis (as defined below). VWG also offers non-
discretionary pension consulting services to employer retirement plans (401(k) plans). Such
pension consulting services involve selection of investment menus, assistance with educating
participants as to the terms of the plan, evaluating the performance of selected investment
options, and advising participants on investment options based on each participant’s
investment profile, risk tolerances, time horizon and objectives.
With a client’s consent, our firm may also provide discretionary and non-discretionary individual
wealth management services to client’s “Held Away Accounts.” Held Away Accounts are assets
held at custodians that are not directly accessible by our firm, such as a client’s employer-
sponsored retirement plan. The custody and management of Held Away Accounts are discussed
in greater detail in Item 15, Custody. Clients who request individual wealth management services
for Held Away Accounts must agree to the Pontera Order Management System (“Pontera”) End
User Terms and Condition and Privacy Policy, and must further agree to keep VWG appraised of
any changes to the user name and password access credentials for the Held Away Accounts.
VWG does not use client’s
usernames or passwords to manage Held Away Accounts. Rather,
such access credentials are provided to Pontera, which grants us access to the Held Away
Accounts for viewing and trading authority only. We are only able, through the Pontera system,
to view the holdings and balances of Held Away Accounts and enter trades in the Held Away
Accounts under our discretionary or non-discretionary authority. As described below, services
will be invoices against the client’s other accounts that are held by our qualified custodian(s).
THIRD PARTY ADVISORY SERVICES
We may also offer you the services of various third-party money managers (“Third-Party Money
Managers” or “TPMMs”) for the provision of certain investment advisory programs including
mutual fund wrap and separately managed accounts. In doing so, we act in a “co-advisory”
capacity.
When acting in a co-advisory capacity, VWG and the Third-Party Money Manager are jointly
responsible for the ongoing management of your account. In connection with this arrangement,
your Advisory Representative will provide assistance in the selection and ongoing monitoring of
a particular Third-Party Money Manager. Factors VWG considers in selection of a particular
Third-Party Money Manager include, but are not limited to:
(1) Our assessment of a particular Third-Party Money Manager;
(2) Your risk tolerance, goals, objectives and restrictions, as well as investment experience;
and
(3) The assets you have available for investment.
In addition to the advisory relationship that you will have with these Third-Party Money
Managers, you will also enter into an advisory relationship with VWG by signing our investment
management agreement.
If you are interested in learning about these services, please note that a complete description of
the programs, services, fees, payment structure and termination features are available through
the applicable Third-Party Money Manager’s disclosure brochure, investment advisory
agreement, and account opening documents.
You should understand that the services provided by us through these Third-Party Money
Managers are under certain conditions directly offered by them to you. The fees charged by
Third-Party Money Managers who offer their programs directly to you may be more or less than
the fees charged by VWG for our participation in the investment programs.
Trading by Third-Party Money Managers may sometimes trigger wash sale rule implications. A
wash sale occurs when a security is sold at a loss and then the same or substantially identical
security is repurchased within a short time period. The Third-Party Money Manager may not be
able to manage accounts in a manner to avoid wash sale implications. You are encouraged to
consult with a tax advisor to discuss any tax implications involving your portfolios in these and
in all advisory programs.
As of December 31, 2023, VWG managed 825 customer accounts with a combined total of
$203,336,800 in assets, of which, $153,336,800 in assets are managed on discretionary basis
and approximately $50,000,000 are managed on a non-discretionary basis.