{"url":"https://nivawealth.com/firms/vernal-point-advisors-166587","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/166587","regulatoryAum":3938000000,"crd":"166587","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7293809","suffix":null,"lastName":"Cardiff","firstName":"Ryan","middleName":"J"},{"crd":"5922307","suffix":"III","lastName":"FAW","firstName":"RICHARD","middleName":"GORDON"},{"crd":"5868167","suffix":null,"lastName":"GUINNEY","firstName":"MARK","middleName":"DAVID"},{"crd":"6524616","suffix":null,"lastName":"LEWIS","firstName":"MICHAEL","middleName":"JEFFREY"},{"crd":"6150421","suffix":null,"lastName":"MORELLI","firstName":"PAUL","middleName":"WILLIAM"},{"crd":"6287848","suffix":null,"lastName":"TURCIK","firstName":"JOHN","middleName":"EDWARD"}],"total":6,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-31","regulatoryAum":959882087,"clients":25,"employees":12,"offices":2},{"filedOn":"2022-04-22","regulatoryAum":1053666055,"clients":23,"employees":13,"offices":2},{"filedOn":"2023-03-31","regulatoryAum":1168849000,"clients":25,"employees":13,"offices":2},{"filedOn":"2024-04-01","regulatoryAum":1594146000,"clients":30,"employees":16,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":2741700000,"clients":30,"employees":20,"offices":1},{"filedOn":"2026-07-10","regulatoryAum":3938000000,"clients":20,"employees":25,"offices":1}],"secFileNumber":"801-80962","legalName":"Vernal Point Advisors, LLC","displayName":"Vernal Point Advisors","slug":"vernal-point-advisors-166587","website":"https://vernalpoint.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/166587/9aef5fce90f0a74b-r1.webp","tone":"dark","width":1369,"height":200,"sourceUrl":"https://www.vernalpoint.com/","sourceLabel":"Vernal Point Advisors, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/vernal-point-advisors/about/","founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"235 Pine St, Suite 1225","city":"San Francisco","state":"CA","stateName":"California","country":"United States","postalCode":"94104"},"tradeNames":[],"registration":{"secApproved":"9 February 2015","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":212333333.33333334,"staff":{"employees":25,"advisory":8,"brokerDealerReps":1,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":3938000000,"discretionary":2410000000,"discretionaryAccounts":231,"nonDiscretionary":1528000000,"nonDiscretionaryAccounts":24,"wrapProgram":null,"nonUsClientsPct":25,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":18,"regulatoryAum":3822000000},{"label":"Pooled investment vehicles","clients":2,"regulatoryAum":111000000},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":5000000}],"feePrograms":[{"role":"main","program":"Investment Management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038431","versionId":1038431,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"VERNAL POINT ADVISORS PART 2A","fee_rate_low":0.6,"fee_rate_high":0.9,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":"annual","fee_minimum_annual":250000},{"role":"other","program":"Educational Curriculums","summary":"Custom educational curriculums for ultra-high net worth clients are billed on an hourly or retainer basis; no rate is stated.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038431","versionId":1038431,"submittedOn":"2026-03-31","documentName":"VERNAL POINT ADVISORS PART 2A"},{"role":"other","program":"Hourly Advisory Work","summary":"Hourly work, used infrequently for flat-fee clients, is billed at $250 to $1,000 per hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038431","versionId":1038431,"submittedOn":"2026-03-31","documentName":"VERNAL POINT ADVISORS PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T05:02:01.861398+00:00","documents":[{"name":"VERNAL POINT ADVISORS PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038431","versionId":1038431,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":414000000},{"name":"J.P. Morgan Securities LLC","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":1161000000},{"name":"The Northern Trust Company","shortName":"The Northern Trust","location":"Chicago, IL","smaAssets":433000000},{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":605000000}],"custodyNote":"Vernal Point Advisors has custody of $259M in client assets for 16 clients.","leadership":[{"name":"Heidi Johnson","title":"Chief Compliance Officer","crd":"2443764"},{"name":"Mark Guinney","title":"Member / Chief Investment Officer","crd":"5868167"},{"name":"Paul Morelli","title":"Managing Member","crd":"6150421"},{"name":"John Turcik","title":"Member","crd":"6287848"},{"name":"Evan Wang","title":"Member","crd":"7559573"}],"ownership":[{"label":"Paul Morelli","detail":"Managing member in the 50% to 75% ownership band and a control person, since January 2013."},{"label":"John Turcik","detail":"Member in the 5% to 10% ownership band, since January 2023."},{"label":"Mark Guinney","detail":"Member / chief investment officer in the 5% to 10% ownership band and a control person, since January 2024."},{"label":"Evan Wang","detail":"Member in the 5% to 10% ownership band, since November 2024."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"235 Pine St, Suite 1225","city":"San Francisco","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"415-237-3530","stateRegisteredReps":8,"otherAdviserReps":1,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":46},{"label":"U.S. state and local bonds","percent":9},{"label":"Securities issued by registered investment companies or business development companies","percent":8},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":26},{"label":"Cash and cash equivalents","percent":11}],"privateFunds":1},"sources":{"adv1FilingDate":"10 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/166587/PDF/166587.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038431","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Vernal Point Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Vernal Point Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Vernal Point Advisors charge?","answer":"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.","source":"VERNAL POINT ADVISORS PART 2A, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Vernal Point Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Vernal Point Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Vernal Point Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Vernal Point Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Vernal Point Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Vernal Point Advisors registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Vernal Point Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 10 July 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/vernal-point-advisors-166587/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1820363/000182036326000005/0001820363-26-000005-index.html","totalValue":296186304,"positionCount":20,"top10Share":0.9734114646975709,"top10":[{"issuer":"VANGUARD INTL EQUITY INDEX F","titleOfClass":"TT WRLD ST ETF","cusip":"922042742","value":149844966,"shares":954731,"shareType":"SH","priorValue":126275457,"priorShares":912923},{"issuer":"VANGUARD SCOTTSDALE FDS","titleOfClass":"SHORT TERM TREAS","cusip":"92206C102","value":43447698,"shares":746524,"shareType":"SH","priorValue":27807160,"priorShares":475011},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"TOTAL STK 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}