VPW In The News
Bloomberg Wealth (13.07.2023) - How to Limit FOMO Spending This Summer
And finally, if you’re still having trouble meshing together different income levels and lifestyles, you might want to ask yourself if these friends are worth keeping, said James Vermillion, founder of Vermillion Private Wealth in Kentucky. In fact, 47% of Gen Z and 36% of millennials have considered ending friendships due to their friends’ spending habits, the Credit Karma study found.
“As you mature, it’s worth reassessing your friendships from time to time to ensure that the friendship extends beyond superficialities and aligns with the person you aspire to become,” he said. “You don’t have to have the same income level as your friends — what truly matters is shared values.”
Investor’s Business Daily (12.09.2022) - Advisors Protect Investors From Mental Traps
"I often talk to clients about common biases that can negatively impact long-term investing and ultimately prevent them from reaching their goals," said James Vermillion, an advisor at Vermillion Private Wealth in Lexington, Ky.
These biases are hardwired into our brains, he says. And they can lead otherwise prudent, responsible individuals to make foolhardy money moves.
GoSolo (10.26.2022) - Entrepreneur Profile — James Vermillion
Growing up, entrepreneurship was mysterious to me, which made it interesting. Who are these people coming up with these ideas and leaving the standard 9-5 job behind to pave their own way?
Financial-Planning.com (4.27.2022) - Betting big on tech to future-proof wealth management
James Vermillion, founder of Vermillion Private Wealth, leverages technology in a similar fashion and found it to be the “great equalizer” when he left the broker-dealer world two years ago to launch his solo firm.
Financial-Planning.com (12.27.2021) - Best Books for Financial Advisors in 2021
Financial planning and advising requires a wide range of skills, from technical and investment knowledge to business management and people skills. We asked advisors what books, read in 2021, made the most impact for them professionally. Answers included books on money management, to those on psychology, goal-setting and philosophy.
MarketWatch (11.25.2021) - 3 Ways Practicing Gratitude Can Help Your Financial Well-being This Holiday Season
Greed and fear are two states of mind sometimes associated with making money, investment decisions and wealth-building strategies.
This Thanksgiving, try gratitude instead.
There is a link between gratitude and greater account balances, greater investment portfolios and greater satisfaction over spending decisions, according to financial advisers who have witnessed how money and emotions mix.
“By practicing gratitude, we can overcome the urge to spend on possessions that won’t increase our happiness and focus on areas like spending quality time with family and friends,” said James Vermillion of Vermillion Private Wealth in Lexington, Ky.
THINK ADVISOR (9.14.2021) - What to Tell Young Clients on FIRE to Retire: Advisors' Advice
In the last few years, advisors have faced a new push by some young clients who want to retire early — very early. The phenomenon is called FIRE, which stands for Financial Independence, Retire Early.
The idea is to save as much as possible in one’s early working years, spend little, and retire as early as their 30s or 40s. This idea certainly puts a twist into financial planning for retirement, especially when the typical 30-year drawdown period could be stretched out to 50 years or more.
Raconteur (5.10.2021) - Cryptocurrencies: should they still be viewed as uninvestable?
Long viewed as uninvestable by many, rising demand from retail investors is driving some financial advisers to reassess the validity of cryptocurrencies as an alternative asset class.
Ticker News (3.04.2021) - Investing in Innovation and Serving Young Clients
NTD Television (2.26.2021) - The Impact of Online Communities on the Markets and Tesla Stock
Investment News - Are Advisors Investing Client Assets in Bitcoin?
The popularity of cryptocurrencies is gaining steam with large industry players ramping up offerings tailored to institutional investors, but growing investor demand is expected to soon spill over to financial advisers…
Press Release - Vermillion Private Wealth Launches New Firm with XY Planning Network
Vermillion Private Wealth, a new financial planning and investment management firm founded by James Vermillion, is open for new clients with the help of XY Planning Network (XYPN), a leading organization of fee-only financial planners. Vermillion Private Wealth specializes in helping clients invest in disruptive technologies to grow their net worth. They also provide comprehensive financial planning services.