Vernal Point Advisors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year. The firm advises 1 private fund.
Vernal Point Advisors reports 20 clients. They include 18 high-net-worth individuals and 2 pooled investment vehicles. Of its assets, 61.2% ($2.41B across 231 accounts) are managed with discretion; $1.53B across 24 accounts are not. Of its clients, 25% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 90% | 97% |
| Pooled investment vehicles | 10% | 3% |
| Charitable organizations | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 18 | $3.82B | 97.1% | $212M |
| Pooled investment vehicles | 2 | $111M | 2.8% | $55.5M |
| Charitable organizations | Fewer than 5 | $5M | 0.1% | — |
| Total | 20 | $3.94B | 100% | — |
- Clients
- 18
- Regulatory AUM
- $3.82B
- AUM share
- 97.1%
- Avg. per client
- $212M
- Clients
- 2
- Regulatory AUM
- $111M
- AUM share
- 2.8%
- Avg. per client
- $55.5M
- Clients
- Fewer than 5
- Regulatory AUM
- $5M
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 20
- Regulatory AUM
- $3.94B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 25%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 11–25
Vernal Point Advisors charges 0.60%–0.90% a year for its Investment Management. The fee is billed in advance, is negotiable and has a $250,000 annual minimum. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Educational Curriculums
- Custom educational curriculums for ultra-high net worth clients are billed on an hourly or retainer basis; no rate is stated.
- Hourly Advisory Work
- Hourly work, used infrequently for flat-fee clients, is billed at $250 to $1,000 per hour.
Paul Morelli owns 50% to 75% of Vernal Point Advisors. The leadership team of Vernal Point Advisors includes Chief Investment Officer Mark Guinney and Chief Compliance Officer Heidi Johnson. It has 25 employees, 8 of them in advisory roles.
Leadership
- Heidi JohnsonChief Compliance Officer
- Mark GuinneyMember / Chief Investment Officer
- Paul MorelliManaging Member
- John TurcikMember
- Evan WangMember
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
- Ryan J Cardiff
- Richard Gordon Faw III
- Mark David Guinney
- Michael Jeffrey Lewis
- Paul William Morelli
- John Edward Turcik
Staff
- 25 employees
- 8 in advisory functions
- 8 state-registered reps
- 1 broker-dealer rep
- Owns 50% to 75% of Vernal Point Advisors, LLC
Paul Morelli
Control person · since January 2013
- Owns 5% to 10% of Vernal Point Advisors, LLC
John Turcik
since January 2023
- Owns 5% to 10% of Vernal Point Advisors, LLC
Mark Guinney
Control person · since January 2024
- Owns 5% to 10% of Vernal Point Advisors, LLC
Evan Wang
since November 2024
Vernal Point Advisors’ regulatory assets grew 4.1× from $960M (March 2021) to $3.94B (July 2026); clients fell from 25 to 20 and employees rose from 12 to 25.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $3.94B | 20 | 25 | 1 |
| March 2025 | $2.74B | 30 | 20 | 1 |
| April 2024 | $1.59B | 30 | 16 | 1 |
| March 2023 | $1.17B | 25 | 13 | 2 |
| April 2022 | $1.05B | 23 | 13 | 2 |
| March 2021 | $960M | 25 | 12 | 2 |
Besides its headquarters, Vernal Point Advisors has 0 offices, with 1 listed address in California.
California · 1 listed address
- 235 Pine St, Suite 1225, San FranciscoHQ
Contact and registration details
- Legal name
- Vernal Point Advisors, LLC
- Headquarters
- 235 Pine St, Suite 1225, San Francisco, CA 94104
- Website
- vernalpoint.com
- Phone
- 415-237-3530
- @vernal-point-advisors
- SEC file
- 801-80962
- Structure
- California LLC
- Fiscal year end
- December
Vernal Point Advisors uses J.P. Morgan ($1.16B, 44%), Fidelity ($605M, 23%) and The Northern Trust ($433M, 17%), among others, as custodians for its separately managed accounts. Vernal Point Advisors has custody of $259M in client assets for 16 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $414M16%
- J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $1.16B44%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $433M17%
- FidelityNational Financial Services LLC · Boston, MA · $605M23%
At year end, Vernal Point Advisors’ separately managed accounts were largely in stocks (46%) and funds (34%). Its reported 13F holdings for the quarter ended 30 June 2026 total $296M across 20 positions; the largest are Vanguard Intl Equity Index F (50.6%), Vanguard Scottsdale Fds (14.7%) and Vanguard Index Fds (9.8%).
What the accounts hold
- Stocks46%
- Funds34%
- Pooled vehicles26%
- Registered funds8%
- Bonds9%
- Cash11%
Reported 13F holdings
- $296M
- Reported 13F value
- 20
- Positions
- 97.3%
- In the 10 largest
- +20.4%
- Value vs. prior quarter
- Vanguard Intl Equity Index F · TT Wrld ST ETF50.6%
- Vanguard Scottsdale Fds · Short Term Treas14.7%
- Vanguard Index Fds · Total Stk Mkt9.8%
- Vanguard Scottsdale Fds · Inter Term Treas5.4%
- First TR Exchange-traded FD · NO Amer Energy5.2%
- iShares TR · Trust Ishare 0-13.5%
- Vanguard Star Fds · VG TL Intl Stk F3.3%
- iShares Gold TR · iShares New3.3%
- iShares TR · Core US Aggbd ET0.8%
- Invesco Qqq TR · Unit Ser 10.8%
Together, the ten largest are 97.3% of reported value.
How many clients does Vernal Point Advisors have?
Vernal Point Advisors has 20 clients and manages $3.94 billion for them, as of July 2026. They include 18 high-net-worth individuals and 2 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 July 2026
What services does Vernal Point Advisors offer?
Vernal Point Advisors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Vernal Point Advisors charge?
Vernal Point Advisors charges 0.60%–0.90% a year for its Investment Management. The fee is billed in advance, is negotiable and has a $250,000 annual minimum.
Which custodians does Vernal Point Advisors use?
Vernal Point Advisors’ separately managed account assets are held at J.P. Morgan Securities LLC (New York, NY), with $1.16B, National Financial Services LLC (Boston, MA), with $605M, The Northern Trust Company (Chicago, IL), with $433M and Charles Schwab & Co., Inc. (San Francisco, CA), with $414M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 July 2026
How many financial advisors does Vernal Point Advisors have?
Vernal Point Advisors has 8 investment adviser representatives registered with state securities authorities, out of 25 employees, and 8 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 0 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Vernal Point Advisors invest in?
At the end of its last fiscal year, Vernal Point Advisors’ separately managed accounts held 46% exchange-traded equities, 26% pooled vehicles (private funds and similar), 11% cash and equivalents, 9% state and local bonds and 8% registered funds (mutual funds, ETFs, BDCs). It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Vernal Point Advisors?
Vernal Point Advisors’ direct owners are Paul Morelli (50% to 75%), John Turcik (5% to 10%), Mark Guinney (5% to 10%) and Evan Wang (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 10 July 2026
How does Vernal Point Advisors get paid?
Vernal Point Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Vernal Point Advisors registered with the SEC?
Yes, Vernal Point Advisors has been registered with the SEC as an investment adviser since 9 February 2015. Its CRD number is 166587 and its SEC file number is 801-80962.
Source: Form ADV Part 1A, Item 1, filed 10 July 2026; IAPD firm record
How do I contact Vernal Point Advisors?
Vernal Point Advisors’ main office is at 235 Pine St, Suite 1225, San Francisco, CA 94104. Its phone number is 415-237-3530. Its website is vernalpoint.com.