# Bernardi Asset Management

Bernardi Asset Management is a Consultant based in Northfield, United States.

## Overview

- **Organization type:** Consultant
- **Headquarters:** Northfield, United States
- **Region:** North America
- **Address:** Northfield, IL, United States
- **Founded:** 1984
- **Assets under management:** Undisclosed
- **Website:** bernardisecurities.com
- **LinkedIn:** https://www.linkedin.com/company/bernardi-securities-inc-

## Regulatory record

- **CRD number:** 120110
- **SEC file number:** 801-68608
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/120110

## About

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.

## Sectors

- Municipal Bonds
- Fixed Income

## People

- Edward Piacentini Bernardi — Founder, Bernardi Securities, Inc.
- Robert Biondi — Principal, Senior Vice President
- Ron Bernardi — President and Chief Executive Officer

## 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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Last updated: 2026-08-11T15:06:13.093Z

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