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Bernardi Asset Management
Bernardi has specialized in municipal bond portfolio management and public finance for over four decades. The firm offers direct access to separate account...
Bernardi Asset Management
Bernardi has specialized in municipal bond portfolio management and public finance for over four decades. The firm offers direct access to separate account management with both non-fee and fee-based strategies. Because it is benchmark agnostic, portfolios are built entirely around the client rather than an index. Bernardi Asset Management was awarded Manager of the Decade status within the municipal fixed income universe.
General information
Firm type
Consultant
Year founded
1984
Location
Region
North America
Country
United States
City
Northfield
Corporate office
Northfield, IL, United States
Principals
Edward Piacentini Bernardi
Founder, Bernardi Securities, Inc.
Robert Biondi
Principal, Senior Vice President
Ron Bernardi
President and Chief Executive Officer
Sector focus
Frequently asked questions
What does Bernardi Asset Management invest in?
Bernardi runs portfolios composed exclusively of municipal bonds. The firm constructs individualized separate accounts using both general obligation and revenue-backed securities. Because it is benchmark agnostic, each portfolio is built security by security rather than tracking an index.
How does Bernardi differentiate from large-scale municipal bond fund managers?
Unlike large institutional managers that often run mutual funds or ETFs tracking predefined benchmarks, Bernardi builds each portfolio from individual bonds selected for the specific client. Its benchmark-agnostic posture means portfolio duration, credit quality, and geographic concentration are dictated by client constraints rather than index composition.
Does Bernardi manage money for institutions or only individuals?
The firm describes providing customized municipal bond portfolios to both individual and institutional clients, though it does not name any specific institutional relationships. The separate account structure is common among high-net-worth families, community banks, and smaller insurance companies that value direct ownership of underlying bonds rather than pooled fund shares.
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