Vernal Point Advisors, Llc
- Regulatory AUM
- $3.9B
- Discretionary
- $2.4B
- Clients
- 20
- Avg AUM / client
- $197M
- Accounts
- 255
- Employees
- 25
AUM over time
Annual snapshots from Form ADV filings · as of Jul 10, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 18 | $3.8B | 97.1% |
| Pooled investment vehicles (non-investment companies) | 2 | $111M | 2.82% |
| Charitable organizations | Fewer than 5 | $5.0M | 0.13% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $26.5M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Vpa Variant Spv Feeder Llc | Other Private Fund | Delaware | $26.5M | 8 |
People (7)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Paul William Morelli | Managing Member | CFP CFA | Jan 2013 (14y) | 75% or more |
| Michael Jeffrey Lewis | Member | CFP | Aug 2015 (11y) | 5% – 10% |
| Johnson, Heidi, Ann | Chief Compliance Officer | Mar 2017 (9y) | Less than 5% | |
| John Edward Turcik | Member | Oct 2018 (8y) | 5% – 10% | |
| Mark David Guinney | Chief Investment Officer | CFA | Jan 2024 (3y) | Less than 5% |
| Richard Gordon Faw | Registered representative | CFP CFA | May 2022 (4y) | |
| Ryan J Cardiff | Registered representative | CFA | Aug 2025 (1y) |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $26.5M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Vpa Variant Spv Feeder Llc | Other Private Fund | $26.5M | $200K | 8 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/10/2026 | 1.2 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- J.P. Morgan $1.2B (29% of AUM) Jul 2026
- National Financial Services (Fidelity) $605M (15% of AUM) Jul 2026
- Northern Trust $433M (11% of AUM) Jul 2026
- Charles Schwab & Co. $414M (11% of AUM) Jul 2026
- Pershing $156M (10% of AUM) Nov 2024
- BNY Mellon $117M (11% of AUM) Sep 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 10, 2026.
View current Form ADV (SEC/IAPD) ↗