Bernardi Asset Management provides portfolio management for individuals and small businesses and portfolio management for institutions.
Bernardi Asset Management reports 69 clients. They include 28 high-net-worth individuals, 26 individual clients and 7 other investment advisers. Of its assets, 100.0% ($331M across 146 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 38% | 1% |
| High-net-worth individuals | 41% | 41% |
| State or municipal government entities | 7% | 11% |
| Other investment advisers | 10% | 37% |
| Insurance companies | 1% | 5% |
| Other client typesCorporations and other businesses | 3% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 26 | $3.57M | 1.1% | $137K |
| High-net-worth individuals | 28 | $137M | 41.5% | $4.91M |
| State or municipal government entities | 5 | $35.4M | 10.7% | $7.09M |
| Other investment advisers | 7 | $121M | 36.6% | $17.3M |
| Insurance companies | Fewer than 5 | $16.8M | 5.1% | $16.8M |
| Corporations and other businesses | Fewer than 5 | $16.7M | 5.0% | $8.35M |
| Total | 69 | $331M | 100% | — |
- Clients
- 26
- Regulatory AUM
- $3.57M
- AUM share
- 1.1%
- Avg. per client
- $137K
- Clients
- 28
- Regulatory AUM
- $137M
- AUM share
- 41.5%
- Avg. per client
- $4.91M
- Clients
- 5
- Regulatory AUM
- $35.4M
- AUM share
- 10.7%
- Avg. per client
- $7.09M
- Clients
- 7
- Regulatory AUM
- $121M
- AUM share
- 36.6%
- Avg. per client
- $17.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $16.8M
- AUM share
- 5.1%
- Avg. per client
- $16.8M
- Clients
- Fewer than 5
- Regulatory AUM
- $16.7M
- AUM share
- 5.0%
- Avg. per client
- $8.35M
Total
- Clients
- 69
- Regulatory AUM
- $331M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Bernardi Asset Management is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Bernardi Securities, Inc. owns 75% or more of Bernardi Asset Management and is in turn owned by Ronald Bernardi (50–75%). The leadership team of Bernardi Asset Management includes President Ronald Bernardi and Chief Compliance Officer Thomas Bernardi. It has 22 employees, 10 of them in advisory roles.
Leadership
- Ronald BernardiPresident & CEO
- Matthew BernardiSenior Vice President
- Thomas BernardiSenior Vice President/Chief Compliance Officer
Investment adviser representatives
12 representatives listed in the SEC register as of 9 October 2026.
- Matthew P Bernardi
- Ronald Piacentini Bernardi
- Thomas P Bernardi
- Robert Biondi
- Emily Neill Blasko
- Zachary Andrew Cronin
- Jeffrey David Irish
- Rodney John Mannion
- Peter Eugene Raines
- Marty Lee Shobert
- John Tranas
- Daniel J Zenisek
Staff
- 22 employees
- 10 in advisory functions
- 12 state-registered reps
- 17 broker-dealer reps
- 2 soliciting firms
- Owns 75% or more of Bernardi Asset Management, LLC
Bernardi Securities, Inc.
Control person · since August 2000
- Owns 50% to 75% of Bernardi Securities, Inc.
Ronald Bernardi
Control person · since September 1984
Bernardi Asset Management’s regulatory assets grew from $222M (June 2021) to $331M (November 2025); clients fell from 78 to 69 and employees rose from 11 to 22.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| November 2025 | $331M | 69 | 22 | 1 |
| November 2024 | $340M | 75 | 21 | 1 |
| January 2024 | $348M | 87 | 16 | 1 |
| April 2023 | $290M | 81 | 15 | 1 |
| May 2022 | $220M | 86 | 14 | 1 |
| June 2021 | $222M | 78 | 11 | 1 |
Besides its headquarters, Bernardi Asset Management has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 423 Central Avenue, NorthfieldHQ
Contact and registration details
- Legal name
- Bernardi Asset Management, LLC
- Headquarters
- 423 Central Avenue, Northfield, IL 60093
- Website
- bernardisecurities.com
- Phone
- 312-281-2021
- SEC file
- 801-68608
- Structure
- Illinois LLC
- Fiscal year end
- September
Bernardi Asset Management uses Pershing ($163M, 52%), Charles Schwab ($96.4M, 30%) and Wells Fargo Clearing Services ($56.7M, 18%) as custodians for its separately managed accounts. Bernardi Asset Management does not have custody of client assets.
- PershingPershing LLC · Jersey City, NJ · $163M52%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $96.4M30%
- Wells Fargo Clearing ServicesWells Fargo Clearing Services, LLC · St. Louis, MO · $56.7M18%
At year end, Bernardi Asset Management’s separately managed accounts were mostly in bonds (85%) and cash (15%).
What the accounts hold
- Bonds85%
- State and local bonds80%
- Investment grade corporate bonds4%
- U.S. government and agency bonds1%
- Cash15%
How many clients does Bernardi Asset Management have?
Bernardi Asset Management has 69 clients and manages $331 million for them, as of November 2025. They include 28 high-net-worth individuals, 26 individual clients and 7 other investment advisers.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 November 2025
What services does Bernardi Asset Management offer?
Bernardi Asset Management provides portfolio management for individuals and small businesses and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Bernardi Asset Management use?
Bernardi Asset Management’s separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $163M, Charles Schwab & Co., Inc. (San Francisco, CA), with $96.4M and Wells Fargo Clearing Services, LLC (St. Louis, MO), with $56.7M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 November 2025
How many financial advisors does Bernardi Asset Management have?
Bernardi Asset Management has 12 investment adviser representatives registered with state securities authorities, out of 22 employees, and 10 perform investment advisory functions. 17 employees are registered representatives of a broker-dealer and 0 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Bernardi Asset Management invest in?
At the end of its last fiscal year, Bernardi Asset Management’s separately managed accounts held 80% state and local bonds, 15% cash and equivalents, 4% investment grade corporate bonds and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bernardi Asset Management?
Bernardi Asset Management is owned through a holding company by Ronald Bernardi. Its direct owner is Bernardi Securities, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 19 November 2025
How does Bernardi Asset Management get paid?
Bernardi Asset Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Bernardi Asset Management?
Bernardi Asset Management’s main office is at 423 Central Avenue, Northfield, IL 60093. Its phone number is 312-281-2021. Its website is bernardisecurities.com.