Wealth manager, independent · SAN Francisco, CA
Vernal Point Advisors, LLC
SEC-registered investment adviser · CRD 166587 · SEC 801-80962
At a glance
Vernal Point Advisors, LLC is an SEC-registered investment adviser based in SAN Francisco, California, with $3.9B in regulatory assets under management as of its Form ADV filed July 10, 2026. It reports 18 individual clients, 18 of them high-net-worth, holding an average of about $212 million each, and 25 employees. That ranks it 283rd among the nation’s 5,657 independent wealth management RIAs and 34th of 714 in California. It reports 4 custodians for its clients’ separately managed accounts: J.P. Morgan, Fidelity, Northern Trust and Charles Schwab.
Main office 415-237-3530vernalpoint.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $3.9B
- Rank among independent wealth managers
- #283 of 5,657
- Rank among all SEC RIAs
- #2,433 of 17,210
- Rank in California
- #34 of 714
- Individual clients
- 18
- High-net-worth clients
- 18
- Accounts
- 255
- Discretionary
- 61% of AUM
- Employees
- 25
- Advisory staff
- 8
- Offices
- 1
Owners and executives on its Form ADV
- Paul W. MorelliManaging Member
- Heidi A. JohnsonChief Compliance Officer
- John E. TurcikMember
- Mark D. GuinneyMember / Chief Investment Officer
- Evan J. WangMember
Custody and brokerage
Broker-dealer
Hybrid RIA
Vernal Point Advisors, LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 18 | $3.8B | 97% |
| Pooled investment vehicles | 2 | $111M | 3% |
| Charitable organizations | – | $5M | <1% |
Private funds
Vernal Point Advisors, LLC reports 1 private funds with $29M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Vernal Point Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗vernalpoint.com ↗
AtlasMembers
The full record on Vernal Point Advisors, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,052 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Steelpeak Wealth, LLCLOS Angeles | $4.1B | 2,278 |
| Gerber Kawasaki Wealth & Investment ManagementSanta Monica | $4.1B | 9,425 |
| Team Hewins, LLCFoster City | $4.0B | 551 |
| Kingswood Wealth Advisors, LLCSAN Diego | $3.8B | 11,259 |
| Mozaic, LLCBeverly Hills | $3.6B | 86 |
| Abacus Wealth PartnersSanta Monica | $3.6B | 1,547 |
Background
Questions
How much does Vernal Point Advisors, LLC manage?
Vernal Point Advisors, LLC reports $3.9B in regulatory assets under management across 255 accounts, 61% of it on a discretionary basis, on its Form ADV filed July 10, 2026.
How many clients does Vernal Point Advisors, LLC have?
It reports 18 individual clients: 18 high-net-worth individuals and 0 other individuals. Individuals account for about 97% of its regulatory assets.
Where is Vernal Point Advisors, LLC headquartered?
Its main office is in SAN Francisco, California. It reports 1 office in total and 25 employees, 8 of whom perform investment advisory functions.
How does Vernal Point Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Vernal Point Advisors, LLC use?
It reports 4 custodians for its clients’ separately managed accounts: J.P. Morgan, Fidelity, Northern Trust and Charles Schwab. On Schedule D of its Form ADV filed July 10, 2026, it reports these amounts held: J.P. Morgan ($1.2B); Fidelity ($605M); Northern Trust ($433M); Charles Schwab ($414M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Vernal Point Advisors, LLC a hybrid RIA with a broker-dealer?
Vernal Point Advisors, LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Vernal Point Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Vernal Point Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 1 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Vernal Point Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-10), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →