Family Office Intelligence
A continuously maintained graph of U.S. family offices: identity, team, observed investments, public holdings, relationships and dated signals of change. Facts, inferences and estimates are labelled as such, with the source and the date, on every row. Unknown is printed as unknown.
Vernal Point Advisors, LLC
Why this class: Vernal Point builds and runs family offices for multiple client families, who can outsource their office to it..
Twelve separate dimensions, each 0 to 100 from listed components. There is no single family office score; the components are in the evidence section.
- Classification
- Outsourced family office provider
- Description
- A sophisticated, fully integrated wealth management experience
- Headquarters
- San Francisco, CA
- Office address
- 235 PINE ST, SUITE 1225, San Francisco, CA, 94104
- Business phone
- 415-237-3530
- Website
- vernalpoint.com
- Year established
- unknown
- Assets under management
- unknown
- Capital scale
- Reported office AUM: unknown. 13F disclosed value $246M. Regulatory AUM $3.9B. These are different facts and are never added together.
- Regulatory AUM (Form ADV)
- $3.9B as of Mar 31, 2026, the adviser's regulatory assets, not the family's wealthFact
- SEC registration
- RIA since Feb 9, 2015 · 25 employeesFact
- Client mix (Form ADV 5.D)
- Charitable organizations: n/a ($5.0M); High net worth individuals: 18 ($3.8B); Pooled investment vehicles: 2 ($111M)Fact
- Private funds advised
- 1 (PE n/a, VC n/a, hedge n/a, real estate n/a), gross assets $28.6MFact
- Form 13F
- $246M across 21 positions, quarter ended Mar 31, 2026. Long 13(f) securities only; never the whole portfolio.Fact
- Elsewhere in DFX
- Independent Sponsor Intelligence (shared crd)
- Sep 13, 2026Outsourced family office provider 90%Vernal Point builds and runs family offices for multiple client families, who can outsource their office to it.Factverifiedvernalpoint.com“Families can choose either to outsource the management of their family office to us, or to leverage us to perfect their existing family office.”
- Sep 12, 2026Outsourced family office provider 60%registered adviser offering family office services among its advisory services ('family office services')Inference
- Family served
- unknown
- Source of wealth
- unknown
- Operating company origin
- unknown
Not on the record yet. Family and wealth-origin claims are written only from cited public sources.
| Person | Title | Responsibility | Business contact | Source |
|---|---|---|---|---|
| Mark David Guinney | Member / Chief Investment Officer | Chief investment officer · investment decisions | none on record | reports.adviserinfo.sec.gov Fact |
| Evan Jiann Wang | Member | Leadership | none on record | reports.adviserinfo.sec.gov Fact |
| John Edward Turcik | Member | Leadership | none on record | reports.adviserinfo.sec.gov Fact |
| Vernal Point Paul Morelli | Managing Partner | Leadership direct investments · Pennsylvania (from the bio) | none on record | vernalpoint.com Fact |
| Heidi Johnson | Chief Compliance Officer | Operations and finance | phone: 415-854-3637 (published by the subject, May 14, 2026) | sec.gov Fact |
inferred only: public equity book 245952487.0, direct investment team 1
- Public equity book
- $246M Inference13F table value, quarter ended 2026-03-31; long 13(f) securities only
- Direct investment team
- 1 Inferencenamed professionals with this responsibility
- Invests directly
- unknown
- Allocates to managers
- unknown
- Asset classes
- unknown
- Sectors
- unknown
- Geography
- unknown
- Check size
- unknown
Each fund as the office reported it on its own Form ADV. Gross asset value is the fund's assets on the filing date, not a fund size and not capital raised; the related share is what the adviser and its related persons own, which the SEC does not extend to the family's trusts.
| Fund | Type | Gross asset value | Related share | Reported | Form D |
|---|---|---|---|---|---|
| VPA - VARIANT SPV FEEDER LLC | Other Private Fund | $26.5M Nov 15, 2024 | 0% | Mar 31, 2023 to now | 021-445285 |
Top 21 positions of 21 for the quarter ended Mar 31, 2026; $246M shown of $246M reported. Long 13(f) securities only. Never presented as the whole portfolio.
| Issuer | Class | Value | Shares | Weight |
|---|---|---|---|---|
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | $126M | 912,923 | 51.3% |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | $27.8M | 475,011 | 11.3% |
| VANGUARD INDEX FDS | TOTAL STK MKT | $24.7M | 76,862 | 10.0% |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | $13.7M | 230,881 | 5.6% |
| FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | $13.0M | 297,658 | 5.3% |
| ISHARES GOLD TR | ISHARES NEW | $11.4M | 129,807 | 4.7% |
| VANGUARD STAR FDS | VG TL INTL STK F | $8.7M | 113,067 | 3.5% |
| ISHARES TR | TRUST ISHARE 0-1 | $6.7M | 61,001 | 2.7% |
| ISHARES TR | 3 7 YR TREAS BD | $2.5M | 20,964 | 1.0% |
| ISHARES TR | CORE US AGGBD ET | $2.3M | 23,009 | 0.9% |
| INVESCO QQQ TR | UNIT SER 1 | $1.8M | 3,035 | 0.7% |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | $1.5M | 27,023 | 0.6% |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | $1.3M | 49,806 | 0.5% |
| VANGUARD INDEX FDS | REAL ESTATE ETF | $1.2M | 13,805 | 0.5% |
| STATE STR SPDR S&P 500 ETF T | TR UNIT | $1.2M | 1,844 | 0.5% |
| SPDR INDEX SHS FDS | STATE STREET SPD | $487,194 | 6,435 | 0.2% |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | $312,815 | 12,639 | 0.1% |
| ISHARES TR | CORE S&P MCP ETF | $291,730 | 4,320 | 0.1% |
| ISHARES TR | INTL SEL DIV ETF | $291,323 | 6,845 | 0.1% |
| ISHARES TR | S&P 500 VAL ETF | $263,938 | 1,250 | 0.1% |
| ISHARES TR | CORE S&P SCP ETF | $236,935 | 1,906 | 0.1% |
- Mar 31, 2026 Vernal Point Advisors, LLC increased Ishares Gold Tr 84,629 -> 129,807 shares ($6,869,336 -> $11,443,785) sec.gov
- Mar 31, 2026 Vernal Point Advisors, LLC exited Ishares Tr (was $2,625,808, 31,705 shares) sec.gov
- Dec 31, 2025 Vernal Point Advisors, LLC reduced Ishares Tr 87,445 -> 28,384 shares ($8,766,410 -> $2,834,994) sec.gov
- Sep 30, 2025 Vernal Point Advisors, LLC increased Vanguard Index Fds 33,136 -> 72,809 shares ($10,101,284 -> $23,959,782) sec.gov
- Sep 30, 2025 Vernal Point Advisors, LLC increased Vanguard Star Fds 44,202 -> 101,788 shares ($3,053,916 -> $7,477,354) sec.gov
- Sep 30, 2025 Vernal Point Advisors, LLC increased Vanguard Intl Equity Index F 509,308 -> 810,395 shares ($65,456,252 -> $111,672,379) sec.gov
- Jun 30, 2025 Vernal Point Advisors, LLC increased Ishares Tr 3,867 -> 58,352 shares ($427,149 -> $6,443,228) sec.gov
- Jun 30, 2025 Vernal Point Advisors, LLC opened a $5,277,464 position in Ishares Gold Tr (84,629 shares) sec.gov
- Jun 30, 2025 Vernal Point Advisors, LLC exited Vanguard Index Fds (was $4,947,855, 9,628 shares) sec.gov
- Jun 30, 2025 Vernal Point Advisors, LLC increased First Tr Exchange-Traded Fd 169,362 -> 223,010 shares ($6,349,385 -> $8,365,099) sec.gov
- Mar 31, 2025 Vernal Point Advisors, LLC increased Ishares Tr 80,497 -> 100,923 shares ($7,800,145 -> $9,983,288) sec.gov
- Mar 31, 2025 Vernal Point Advisors, LLC reduced Ishares Tr 82,393 -> 30,375 shares ($6,754,578 -> $2,512,924) sec.gov
Most significant first: what kind of change it is, its size, whose change it is, and how recent. 4 events. 13F position changes are under Public stakes and holdings.
- Sep 13, 2026Classification changedVernal Point Advisors, LLC: OUTSOURCED_FAMILY_OFFICE -> OUTSOURCED_FAMILY_OFFICE (Vernal Point builds and runs family offices for multiple client families, who can outsource their office to it.)ClassificationFactvernalpoint.com
- Sep 11, 2026Office discoveredVernal Point Advisors, LLC found on the SEC adviser roster (services_description)DiscoveryInferenceadviserinfo.sec.gov
- Mar 29, 2024Fund gross assets upVPA - VARIANT SPV FEEDER LLC: gross asset value $19.8M to $26.5M between the 2024-03-04 and 2024-03-29 filings (+34%)VehiclesFactadviserinfo.sec.gov
- Mar 31, 2023Private fund first reportedVernal Point Advisors, LLC first reported VPA - VARIANT SPV FEEDER LLC on Form ADV at $19.8M gross asset valueVehiclesFactadviserinfo.sec.gov
Every observation behind this profile: the value, when it was effective, the source, the quote where there is one, and whether it is a fact, an inference or an estimate. 86 shown.
Score components
| Fact | Value | Effective | Source | Class |
|---|---|---|---|---|
| Form ADV firm type | RIA | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Form ADV admission signal | services_description | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Other names (Form ADV 1.B) | Morelli, Paul William | Vernal Point Advisors, LLC | Vernal Point Advisors | Sep 11, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Other services (Form ADV) | FAMILY OFFICE SERVICES | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Private funds reported (latest Form ADV) | 1 | Nov 15, 2024 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Gross assets of its private funds | $26.5M | Nov 15, 2024 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Share of its funds owned by itself and related persons | N | Nov 15, 2024 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Inference |
| Advisory services (Form ADV 5.G) | financial_planning,portfolio_management_individuals,selection_of_other_advisers,other | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Form ADV status | Approved | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| SEC status effective | 2015-02-09 | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Bios read | bio-fo-1 | Sep 12, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Branch offices | 2 | Sep 11, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Business phone | 415-237-3530 | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| High net worth clients | 18 | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Client mix (Form ADV 5.D) | {"charitable_organizations":{"clients":null,"raum_usd":5000000,"fewer_than_5":false},"high_net_worth_individuals":{"clients":18,"raum_usd":3822000000,"fewer_tha | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Description | A sophisticated, fully integrated wealth management experience | Sep 14, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Description | A sophisticated, fully integrated wealth management experience | Sep 12, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Description | A sophisticated, fully integrated wealth management experience | Sep 11, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Employees | 25 | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Filing address | 548 Market Street, Suite 36461, San Francisco, CA, 94104 | Mar 31, 2026 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Filing address | 548 Market Street, Suite 36461, San Francisco, CA, 94104 | Dec 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Filing address | 548 Market Street, Suite 36461, San Francisco, CA, 94104 | Sep 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Filing address | 548 Market Street, Suite 36461, San Francisco, CA, 94104 | Jun 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Filing address | 548 Market Street, Suite 36461, San Francisco, CA, 94104 | Mar 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Filing address | 548 Market Street, Suite 36461, San Francisco, CA, 94104 | Dec 31, 2024 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F filer | Y | Mar 31, 2026 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F filer | Y | Dec 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F filer | Y | Sep 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F filer | Y | Jun 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F filer | Y | Mar 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F filer | Y | Dec 31, 2024 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Other managers on 13F | 0 | Mar 31, 2026 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Other managers on 13F | 0 | Dec 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Other managers on 13F | 0 | Sep 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Other managers on 13F | 0 | Jun 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Other managers on 13F | 0 | Mar 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Other managers on 13F | 0 | Dec 31, 2024 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Latest 13F quarter | 2026-03-31 | Mar 31, 2026 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Latest 13F quarter | 2025-12-31 | Dec 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Latest 13F quarter | 2025-09-30 | Sep 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Latest 13F quarter | 2025-06-30 | Jun 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Latest 13F quarter | 2025-03-31 | Mar 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Latest 13F quarter | 2024-12-31 | Dec 31, 2024 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F positions | 21 | Mar 31, 2026 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F positions | 23 | Dec 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F positions | 22 | Sep 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F positions | 19 | Jun 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F positions | 19 | Mar 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F positions | 19 | Dec 31, 2024 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F table value | $246M | Mar 31, 2026 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F table value | $243M | Dec 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F table value | $232M | Sep 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F table value | $171M | Jun 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F table value | $151M | Mar 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| 13F table value | $146M | Dec 31, 2024 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Headquarters | San Francisco, CA | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Headquarters | San Francisco, CA | Mar 31, 2026 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Headquarters | San Francisco, CA | Dec 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Headquarters | San Francisco, CA | Sep 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Headquarters | San Francisco, CA | Jun 30, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Headquarters | San Francisco, CA | Mar 31, 2025 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Headquarters | San Francisco, CA | Dec 31, 2024 | SEC Form 13F data sets (quarterly holdings, all filers) sec.gov | Fact |
| Independent Sponsor Intelligence entity | Vernal Point Advisors, LLC (capital_provider) | Sep 12, 2026 | DFX Independent Sponsor Intelligence graph (isi_*) dfxintel.com | Fact |
| Independent Sponsor Intelligence entity | Vernal Point Advisors, LLC (capital_provider) | Sep 12, 2026 | DFX Independent Sponsor Intelligence graph (isi_*) dfxintel.com | Fact |
| Independent Sponsor Intelligence entity | Vernal Point Advisors, LLC (capital_provider) | Sep 11, 2026 | DFX Independent Sponsor Intelligence graph (isi_*) dfxintel.com | Fact |
| Legal form | Limited Liability Company | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Office address | 235 PINE ST, SUITE 1225, San Francisco, CA, 94104 | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Office type (stated) | outsourced_family_office “Families can choose either to outsource the management of their family office to us, or to leverage us to perfect their existing family office.” | Sep 13, 2026 | DFX analyst research (General-assisted, every claim URL-cited) vernalpoint.com | Fact |
| Private funds advised | 1 | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Private fund gross assets | $28.6M | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Accounts (Form ADV) | 255 | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| HNW client assets (Form ADV) | $3.8B | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Regulatory AUM (Form ADV) | $3.9B | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Schedule a rows | 3 | Sep 11, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) reports.adviserinfo.sec.gov | Fact |
| Team page url | https://vernalpoint.com/team/paul-morelli | Sep 16, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Team page url | https://vernalpoint.com/team/paul-morelli | Sep 14, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Team page url | https://vernalpoint.com/team/paul-morelli | Sep 12, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Team page url | https://vernalpoint.com/team/paul-morelli | Sep 11, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Website | vernalpoint.com “office website vernalpoint.com” | Sep 13, 2026 | DFX analyst research (General-assisted, every claim URL-cited) vernalpoint.com | Fact |
| Website | vernalpoint.com | Mar 31, 2026 | SEC Form ADV monthly roster (RIA + exempt reporting advisers) adviserinfo.sec.gov | Fact |
| Website read | site-fo-3 | Sep 14, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Website read | site-fo-3 | Sep 12, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Website title | Vernal Point | Sep 14, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Website title | Vernal Point | Sep 12, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |
| Website title | Vernal Point | Sep 11, 2026 | Family office and investment company websites (about, team, portfolio, news pages) vernalpoint.com | Fact |