Vernal Point Advisors, LLC

Vernal Point Advisors, LLC is a financial advisory firm established in 2012 in California, primarily owned by Paul Morelli. The firm offers personalized financial planning, investment management, and family office services to clients, including ultra-high net worth individuals, foundations, and small charitable institutions. Vernal Point provides financial planning services covering cash flow, insurance, taxes, investments, retirement, and estate planning. Investment management services involve creating diversified portfolios based on client objectives, with a focus on discretionary management. The firm evaluates investment opportunities across asset classes and geographies, including ETFs, mutual funds, alternative investments, and REITs. Vernal Point may recommend clients invest with external Managers based on individual circumstances. The firm acts as a fiduciary for retirement accounts, ensuring the client's best interests are prioritized. Fees are determined based on services requested, with a minimum annual fee of $250,000 for investment management. Vernal Point does not charge performance-based fees and operates under a strict Code of Ethics to manage conflicts of interest. Clients have the option for direct fee debits and standing letters of authorization for fund transfers. The firm exercises investment discretion with written client approval, providing ongoing portfolio supervision and rebalancing. Vernal Point does not vote proxies on behalf of clients and does not have custody of client assets beyond specific circumstances outlined in their practices.