Bernardi Securities is mentioned in the Bond Buyer article on Treasury Secretary Steven Mnuchin and the municipal tax exemption.
Ron Bernardi, president and chief executive officer, appeared on a panel at the Bond Dealers of America’s National Fixed Income Conference. He touched on a number of subjects relating to issuer discloser and stated that underwriters should walk away from municipal securities transactions when they discover the issuer has failed to disclose key information.
For more information please read the following BondBuyer article.
We are proud to announce Bernardi Asset Management (BAM) is now listed as a specialized asset manager on Envestnet | PMC. BAM is part of a select group of SMA municipal bond managers featured on this platform.
Thank you for your continued confidence in our portfolio management expertise. Please give your investment specialist or the portfolio management team a call if you have any questions.
Sincerely,
Bernardi Securities Portfolio Management Team
About BAM
Is the fee‐only, SEC registered, investment advisory arm of Bernardi Securities, Inc. (“BSI”). It is a wholly‐owned subsidiary of BSI. BAM management is conducted on a separate account, discretionary or non‐discretionary basis, with BAM serving as an investment advisor with a fiduciary duty.
About Envestnet | PMC
PMC performs rigorous due diligence on an extensive universe of investment vehicles to identify best-in-class managers: those we consider able to outperform their benchmark over a complete market cycle.
Our team applies qualitative due diligence and quantitative expertise for manager selection and ongoing monitoring.
Ronald P. Bernardi was featured in an InvestmentNews article on July 7th, 2016.
Ronald P. Bernardi was featured in an InvestorNews article on June 30, 2016
Ronald Bernardi was featured in a BDA and Nixon Peabody Webinar on Municipal Bankruptcy Wednesday, May 11th. Over 40 BDA member-firm representatives participated in the webinar, which was the fourth webinar training series focused on banker due diligence, which is exclusively for BDA member firms.
The Powerpoint presentation with audio can be viewed here.
The webinar featured the commentary of:
- Ronald P. Bernardi, President and CEO, Bernardi Securities, Inc.
- Elizabeth Columbo, Partner, Nixon Peabody LLP
- Robert Christmas, Partner, Nixon Peabody LLP
- Daniel Deaton, Partner, Nixon Peabody LLP
The webinar addressed the increasingly important topic of due diligence and disclosure of municipal bankruptcy risks. Discussion points focused on the following topics:
- A background discussion on why municipal bankruptcy is a due diligence and disclosure issue
- What is uniquely challenging about municipal bankruptcy to bondholders?
- Why Chapter 9 provides additional flexibility in the U.S. Bankruptcy Code?
- Why should you be concerned with municipal bankruptcy?
- A discussion on how the emergence of municipal bankruptcies has changed credit analysis and why it should be performed on bonds.
- What have we learned about how Chapter 9 treats bondholders?
- With bonds secured by lease payments?
- With bonds secured by a pledge that constitutes “special revenues”?
- How are the rights of creditors administered under Chapter 9?
- What are the rights of municipalities under Chapter 9?
- What should a banker do on transactions that involve:
- No pledge (unsecured credit)?
- A pledge or lien?
- Bonds backed by lease payments?
Ronald P. Bernardi was featured in an InvestorNews article on April 1, 2016.
Eric Bederman, Chief Operating and Compliance Officer of Bernardi Securities, Inc. has been elected to serve on the FINRA District # 8 Committee. He will serve alongside six other individuals representing District # 8 member firms. Eric is one of two on the Committee serving as Small Firm Representative. He was elected by voting members representing broker-dealers within District # 8 in elections held in November of 2015. His term is for three years.
FINRA’s (Financial Industry Regulatory Authority) work is important in helping ensure fair, transparent and efficient markets for investors, broker-dealer firms and other market participants. Its mission is to provide investor protection and provide market integrity.
The voluntary contributions and advice provided to FINRA by industry experts like Eric play an integral part in helping FINRA fulfill its mission.
Bernardi Securities, Inc. is pleased and proud that Eric will play a leading role in helping improve the capital marketplace.
Bernardi Securities was mentioned in the October 24th, 2015 issue of the Chaska Herald regarding the city of Carver, MN road project.
“The City Council approved the sale of $1.22 million of bonds in May 2015 to the investing team of Northland Securities, Inc. and Bernardi Securities, Incorporated to finance this project and the city’s purchase of snow plows and other equipment.”