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Vernal Point Advisors LLC

Multifamily office listing in San Francisco, California, United States.

  • SEC-registered
  • Founded 2012
Regulatory AUM
$3.9 billion
Employees
25
Clients
11-25
Founded
2012

Vernal Point Advisors builds and manages efficient single-family offices for wealthy families, integrating strategic planning, investment program design, administration, and coordinated execution across a family’s executive team.3

Overview

Vernal Point Advisors is an SEC-registered investment adviser. The SEC lists its registration as approved effective February 9, 2015, under CRD 166587.1

The firm describes itself as self-capitalized and 100% partner-owned. It serves families with a collective $10 billion in net worth.3

History

Paul Morelli founded Vernal Point Advisors in 2012 and serves as Managing Partner.2

The firm says its partners have held leadership roles in more than 20 family offices and managed more than $25 billion of assets in prior roles.3

Timeline

  1. 2012Paul Morelli founded Vernal Point Advisors in 2012 and serves as Managing Partner.
  2. 2015The SEC lists its registration as approved effective February 9, 2015, under CRD 166587.

Leadership

- Paul Morelli, Managing Partner: Founder and Managing Partner of Vernal Point Advisors.2 - Mark Guinney, Chief Investment Officer: Leads investment strategy, manager research, portfolio construction, investment policy, and risk management.4 - John Turcik, Head of Portfolio Management: Leads implementation of clients’ tax-optimized custom investment strategies.5 - Michael J. Lewis, Managing Director of Wealth Strategies: Works with multigenerational families, general partners of investment firms, and founders of public and private companies.6

Services

Vernal Point builds and manages single-family offices by coordinating interdisciplinary services across a family’s executive team.3

Its services include strategic wealth planning, investment program design, portfolio construction, family-office administration, operational support, reporting, and coordination with external advisers.3

Families can outsource management of their single-family office to Vernal Point or use the firm to strengthen an existing family-office structure.3

What the firm offers

  • Investment management
  • Financial planning
  • Administration and bill pay

Client Focus

The firm works with multigenerational families, general partners of investment firms, and founders of public and private companies.6

Approach

Vernal Point balances bottom-up and top-down optimization when building portfolios, shaping each family’s investments around its own definition of value.3

Assets and Minimums

Vernal Point’s latest Form ADV reports $3,938,000,000 in regulatory assets under management as of July 10, 2026.7

By the numbers

Regulatory AUM by year$0K$1.1B$2.2B$3.2B$4.3B2016201720182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 166587. As of .
Regulatory assets under management
YearRegulatory AUMDiscretionaryNon-discretionary
2016$169 million$19 million$150 million
2017$240 million$150 million$89 million
2018$655 million$577 million$78 million
2019$702 million$65 million$637 million
2020$1.0 billion$569 million$464 million
2021$960 million$576 million$384 million
2022$1.1 billion$631 million$423 million
2023$1.2 billion$966 million$203 million
2025$2.7 billion$1.3 billion$1.4 billion
2026$3.9 billion$2.4 billion$1.5 billion
Average AUM per client by year$0K$54M$108M$162M$217M20182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 166587. Regulatory AUM divided by the client count reported in Item 5D. Client types reported as fewer than 5 are not counted, so this is approximate. As of .
Average AUM per client
YearAverage AUM per client
2018$33 million
2019$64 million
2020$41 million
2021$38 million
2022$46 million
2023$47 million
2025$91 million
2026$197 million
Clients by type (2026)High net worth individuals18Pooled investment vehicles2
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 166587. "<5" means the firm reported fewer than 5 clients of that type. As of .
Clients by type
Client typeClients (2026)
High net worth individuals18
Pooled investment vehicles2
Employees by year071421282016201720182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 166587. As of .
Employees reported on Form ADV
YearEmployees
20168
20178
20188
20198
202010
202112
202213
202313
202520
202625

Ranks #8 of 22 SEC-registered firms in CA on MultifamilyOffices.com by regulatory AUM.

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 166587. Ranking uses only firms profiled on MultifamilyOffices.com. As of .

FAQs

What does Vernal Point Advisors do?

Vernal Point builds, manages, and supports single-family offices. Its work spans strategic wealth planning, investment program design, portfolio construction, administration, operations, reporting, and adviser coordination.3

Can a family use Vernal Point without outsourcing its entire family office?

Yes. Families may engage Vernal Point to strengthen an existing family-office structure or outsource the management of the office.3

Who leads Vernal Point’s investment function?

Mark Guinney is Chief Investment Officer and oversees investment strategy, manager research, portfolio construction, investment policy, and risk management.4

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    Profiles for AG Asset Advisory, LLC, Arrowroot Family Office, and Confluence Capital Advisors, LLC provide nearby points of comparison on this site. Reviewing their descriptions can help a prospective client identify questions about investment management, financial planning, bill pay, and coordination across a family's advisory team.

Sources

  1. SEC AdviserInfo firm summary
  2. Paul Morelli team profile
  3. Vernal Point Advisors
  4. Mark Guinney team profile
  5. John Turcik team profile
  6. Michael J. Lewis team profile
  7. Form ADV

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.

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