Northfield, IL February 18, 2026 — Bernardi Asset Management’s (BAM) Intermediate Taxable strategy achieved “Top Guns” status within Zephyr’s PSN manager database 1-Year category. This means that BAM’s Intermediate taxable strategy had one of the top ten returns for the one-year period in their respective group. This follows up BAM’s taxable strategies recent “Top Guns” achievement for 3Q2025.
The strategies focus on high-grade taxable bonds, with a concentration in municipal securities. Taxable municipals generally offer attractive yield spreads versus Treasuries and CDs, with typically higher credit quality than comparable corporate bonds.
PSN Top Guns performance rankings are tabulated for thousands of strategies across 75 peer groups subdivided by increasingly rigorous screens and reported in various ascending classes.
About Bernardi
For over forty years, Bernardi has specialized in municipal bond portfolio management. The firm builds benchmark-independent municipal bond portfolios designed to maximize after-tax income. The firm offers both fee-only and non-fee strategies for individual and institutional investors.
About PSN
For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 years of data including net and gross-of-fee returns.
Contact us at (312) 281-2021 or [email protected] for more information.
Northfield, IL 3Q 2025 — Bernardi Asset Management’s (BAM) Intermediate Taxable and Short Taxable strategies achieved “Top Guns” status within Zephyr’s PSN manager database 1-Year category. This means that BAM taxable strategies were among the top ten performers within one or more peer groups reporting to PSN. This follows up BAM’s taxable strategies recent “Top Guns” achievement for 2Q2025.
The strategies focus on high-grade taxable bonds, with a concentration in municipal securities. Taxable municipals generally offer attractive yield spreads versus Treasuries and CDs, with typically higher credit quality than comparable corporate bonds.
PSN Top Guns performance rankings are tabulated for thousands of strategies across 75 peer groups subdivided by increasingly rigorous screens and reported in various ascending classes.
About PSN
For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 years of data including net and gross-of-fee returns.
About Bernardi
For over forty years, Bernardi has specialized in municipal bond portfolio management. The firm provides unique access to separate account management through a hybrid-advisor, offering both active and passive municipal bond strategies.
Contact us at (312) 281-2021 or [email protected] for more information.
Northfield, IL 2Q 2025 — Bernardi Asset Management’s (BAM) Intermediate Taxable and Short Taxable strategies achieved “Top Guns” status within Zephyr’s PSN manager database 1-Year category. This means that BAM taxable strategies were among the top ten performers within one or more peer groups reporting to PSN. This follows up BAM’s taxable strategies recent “Top Guns” achievement for 1Q2025.
The strategies focus on high-grade taxable bonds, with a concentration in municipal securities. Taxable municipals generally offer attractive yield spreads versus Treasuries and CDs, with typically higher credit quality than comparable corporate bonds.
PSN Top Guns performance rankings are tabulated for thousands of strategies across 75 peer groups subdivided by increasingly rigorous screens and reported in various ascending classes.
About PSN
For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 years of data including net and gross-of-fee returns.
About Bernardi
For over forty years, Bernardi has specialized in municipal bond portfolio management. The firm provides unique access to separate account management through a hybrid-advisor, offering both active and passive municipal bond strategies.
Contact us at (312) 281-2021 or [email protected] for more information.
Northfield, IL 1Q 2025 — Bernardi Asset Management’s (BAM) Intermediate Taxable and Short Taxable strategies achieved “Top Guns” status within Zephyr’s PSN manager database for Q1 2025 and 1 Year.
PSN Top Guns performance rankings are tabulated for thousands of strategies across 75 peer groups subdivided by increasingly rigorous screens and reported in various ascending classes.
About PSN
For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 years of data including net and gross-of-fee returns.
About Bernardi
For over forty years, Bernardi has specialized in municipal bond portfolio management. The firm provides unique access to separate account management through a hybrid-advisor, offering both active and passive municipal bond strategies.
Contact us at (312) 281-2021 or [email protected] for more information.
TradePMR’s Custodial Platform for RIAs enables SMA Strategies
Bernardi Asset Management (BAM) – a wholly owned subsidiary of Bernardi Securities – is pleased to announce the availability of its separate account municipal bond and high-grade fixed income strategies on TradePMR’s Fusion custodial platform.
Both firms have more than 20 years of experience building customized solutions for RIA clients and have recently received accolades from third-party sources:
- BAM was awarded Manager of the Decade by PSN Informa within their US Fixed Income Universe (February 2024).
- TradePMR’s Fusion received the highest advisor satisfaction rating among custodial platforms on the 2024 T3/Inside Information Survey.1
The partnership is an effort by both firms to expand their white-glove fixed income solutions and broaden access to separately managed accounts.
“The Bernardi team is excited to work with TradePMR and be a sub-manager on the Fusion platform. Fusion offers a flexible and easy to use platform for advisors, with high level customer service from the TradePMR team. We look forward to working with advisors on TradePMR and helping them with their municipal and high-grade taxable fixed income management needs,” said Tom Bernardi, CFA, Director of Portfolio Management at Bernardi Asset Management.
For more information about Bernardi Asset Management and TradePMR please visit us here:
Fusion: TradePMR’s top-rated custodial platform for RIAs
Providing state of the art technology and custodial services exclusively to RIAs
1. T3/Inside Information Survey, Technology and Tools for Today, January 25, 2024
Disclaimer: Bernardi Asset Management, LLC (“BAM”) is a registered investment adviser with United States Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940. This text is a current opinion and is subject to change at any time. This information is taken from sources we believe to be reliable, but we cannot guarantee. Nothing in this document represents a recommendation of any particular strategy, security or investment product. This information is distributed for educational purposes only. Bernardi Securities Inc. and its affiliates do not accept liability for any errors, omissions or viruses in the contents of this message.
Northfield, IL February 2024 — Bernardi Asset Management’s (BAM) municipal High Income Strategy was awarded Manager of the Decade status by PSN within their US Fixed Income Universe. The PSN Top Guns Manager of the Decade list includes the top ten performers for the latest 10-year period.
This is the second year in a row the High Income municipal strategy was awarded Manager of the Decade!
“The Bernardi team is extremely proud to have a tax-exempt strategy recognized as standouts amongst our peers. This demonstrates the attractiveness of our approach to security selection, which is focused on principal preservation, essential service projects, and smaller-to-medium sized issuers. We look forward to building on this success and harnessing the advantages municipal bonds enable for client portfolios.” -Tom Bernardi, CFA, CIPM and Director of Portfolio Management.
About BAM: Bernardi Asset Management specializes in separate account municipal bond portfolio management. Our firm builds customized fixed income portfolios for high-net-worth investors and their advisors. Our underlying strategy is focused on bottom-up security selection with an intense focus on credit research and optimizing portfolios for after-tax yield.
About PSN: For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 Years of Data Including Net and Gross-of-Fee Returns. For more details on the methodology behind the PSN Top Guns Rankings or to purchase PSN Top Guns Reports, contact Robby Resendez at [email protected] Visit PSN online to learn more.
Contact us at (312) 281-2021 or [email protected] for more information.
Disclaimer: Bernardi Asset Management, LLC (“BAM”) is a registered investment adviser with United States Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940. This text is a current opinion and is subject to change at any time. This information is taken from sources we believe to be reliable, but we cannot guarantee. Nothing in this document represents a recommendation of any particular strategy, security or investment product. This information is distributed for educational purposes only. Composite performance is based upon the aggregate of the fixed income performance of a group of managed portfolios, which represent a particular style of management. It does not represent the performance of any one portfolio. Past performance is no guarantee of future results.
Matt Bernardi recently participated in Private Vista’s Dollar$ and $ense podcast with Nicole Romito. They discuss the muni market’s unique decentralized governance framework, experience during COVID, current macro environment, and Matt’s take on the pension funding “myth”.
Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/municipal-bonds-unveiled-with-matt-bernardi-ep-37/id1644917723?i=1000645304766
Or click here:
Northfield, IL 3Q 2023 — Bernardi Asset Management’s (BAM) Short Taxable strategy achieved “Top Guns” status within Zephyr’s PSN manager database.
PSN Top Guns performance rankings are tabulated for thousands of strategies across 75 peer groups subdivided by increasingly rigorous screens and reported in ascending classes from 1-6 stars.
About PSN
For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 years of data including net and gross-of-fee returns.
About Bernardi
For nearly forty years, Bernardi has specialized in municipal bond portfolio management. The firm provides unique access to separate account management through a hybrid-advisor, offering both active and passive municipal bond strategies.
Contact us at (312) 281-2021 or [email protected] for more information.
Northfield, IL 1Q 2023 — Bernardi Asset Management’s (BAM) High Income (Five Star category) and Intermediate Taxable (One Star category) strategies achieved “Top Guns” status within Zephyr’s PSN manager database.
PSN Top Guns performance rankings are tabulated for thousands of strategies across 75 peer groups subdivided by increasingly rigorous screens and reported in ascending classes from 1-6 stars.
About PSN
For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 years of data including net and gross-of-fee returns.
About Bernardi
For over thirty-eight years, Bernardi has specialized in municipal bond portfolio management. The firm provides unique access to separate account management through a hybrid-advisor, offering both active and passive municipal bond strategies.
Contact us at (312) 281-2021 or [email protected] for more information.