A. Description of the Advisory Firm
VPWM Advisors is a Limited Liability Company organized in the state of
Minnesota. The firm was formed in May of 2013, and the principal owner is
Joseph S. McRae.
In May 2016, the firm legally changed its name from NRP Advisors, LLC to
VPWM Advisors, LLC.
B. Types of Advisory Services
VPWM Advisors d/b/a Vantage Point Wealth Management d/b/a FMS Financial
Planning (hereinafter “VPWM”) offers the following services to advisory clients:
Investment Supervisory Services
VPWM offers ongoing portfolio management services based on the individual
goals, objectives, time horizon, and risk tolerance of each client. VPWM creates
an Investment Policy Statement for each client, which outlines the client’s current
situation (income, tax levels, and risk tolerance levels) and then constructs a plan
to aid in the selection of a portfolio that matches each client’s specific situation.
Investment Supervisory Services include, but are not limited to, the following:
• Investment strategy • Personal investment policy
• Asset allocation • Asset selection
• Risk tolerance • Regular portfolio monitoring
VPWM evaluates the current investments of each client with respect to their risk
tolerance levels and time horizon. VPWM will request discretionary authority from
clients in order to select securities and execute transactions without permission
from the client prior to each transaction. Risk tolerance levels are documented in
the Investment Policy Statement, which is given to each client.
Financial Planning
Financial plans and financial planning may include, but are not limited to
investment planning, life insurance, tax concerns, retirement planning, college
planning, and debt/credit planning. These services are based on fixed fees or
hourly fees and the final fee structure is documented in Exhibit II of the Financial
Planning Agreement.
Services Limited to Specific Types of Investments
VPWM generally limits its investment
advice and/or money management to mutual
funds, equities, bonds, fixed income, debt securities, ETFs, REITs, insurance
products including annuities, private placements, and government securities.
VPWM may use other securities as well to help diversify a portfolio when
applicable.
C. Client-Tailored Services and Client-Imposed Restrictions
VPWM offers the same suite of services to all of its clients. However, specific
client investment strategies and their implementation are dependent upon the
Client Investment Policy Statement which outlines each client’s current situation
(income, tax levels, and risk tolerance levels) and is used to construct a client-
specific plan to aid in the selection of a portfolio that matches restrictions, needs,
and targets.
Clients may impose restrictions in investing in certain securities or types of
securities in accordance with their values or beliefs. However, if the restrictions
prevent VPWM from properly servicing the client account, or if the restrictions
would require VPWM to deviate from its standard suite of services, VPWM
reserves the right to end the relationship.
D. Wrap Fee Programs
VPWM acts as portfolio manager for and sponsor of a wrap fee program, which
is an investment program where the Client pays one stated fee that includes
management fees, transaction costs, and other administrative fees. However,
this brochure describes VPWM’s non-wrap fee advisory services; Clients utilizing
VPWM’s wrap fee portfolio management should see the separate Wrap Fee
Program Brochure. VPWM manages the investments in the wrap fee program
but does not manage those wrap fee accounts any differently than it would
manage non-wrap fee accounts. Fees paid under the wrap fee program will be
given to VPWM as a management fee. Please also see Item 5 and Item 12 of
this brochure.
E. Amounts Under Management
VPWM has the following assets under management:
Discretionary Amounts Non-Discretionary Amounts Date Calculated
$ 285,922,359 $ 41,831,708 December 2023