Ronald P. Bernardi was quoted in the August 3rd, 2015 issue of InvestmentNews regarding Puerto Rico’s uncertain future that leaves muni bond fund investors in limbo.
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Bernardi Securities was mentioned in a 6/25/14 article in the Highland Park News regarding a Youth Soccer Tournament.
“The Highland Park Sister Cities Foundation is hosting a Youth Soccer Tournament over the Fourth of July weekend that will include a team of 12-year-old players from Puerto Vallarta, Mexico, one the community’s kindred cities.
The Puerto Vallarta team will be accompanied by members of the Puerto Vallarta Sister City Committee and parents of some children participating in the tournament.
Bernardi Securities is the Puerto Vallarta team sponsor.”
On Wednesday, July 2nd, Ronald P. Bernardi will be speaking at the Municipal Bonds for America Coalition’s “Municipal Bonds 101” panel discussion on Capitol Hill regarding the municipal bond tax exemption repeal threat. Accompanying Ronald on the panel will be Mayor Steve Benjamin, Columbia, South Carolina and Kevin Burke, President and CEO, Airports Council International – North American. The panel will explain the “nuts and bolts” of municipal bonds to help translate the potential impact of federal legislation and costs that could fall on all taxpayers and consumers if the rules for tax-exempt municipal bonds are changed.
Tax-exempt municipal bonds help stimulate public and private investment in job creation, business, and industry expansion, economic and physical redevelopment, transportation and infrastructure, and renewable energy production, among many other projects. In fact, tax-exempt bonds are issued by over 50,000 state and local governments and authorities representing a three trillion dollar industry.
For more information, please visit the Municipal Bonds for America Coalition website.
To learn more about this topic, review our most recent municipal bond tax exemption research insights.
Justin Formas was quoted in a 4/9/14 article on Bloomberg regarding Chicago Pensions.
“At some point, you can’t kick the can any further and there have to be changes made,” said Justin Formas, director of credit research in Chicago at Bernardi Securities Inc., which oversees about $1 billion in municipal bonds. Emanuel “has a lot of muni professionals on staff — they understand what’s at stake, and that’s the most important thing.”
Justin Formas was quoted in a 4/9/14 article on Bloomberg regarding Muni Credits.
“Overall relative credit quality has improved and that shows in the price” of the swaps index, said Justin Formas, director of credit research in Chicago at Bernardi Securities Inc., which oversees about $1 billion in munis. “There’s more specific-name credit events versus speculation on the overall credit quality of the market.”
Ronald P. Bernardi was quoted in the 12/3/13 issue of InvestmentNews regarding the long-term implications of the Detroit bankruptcy:
“We look at this kind of market and know that higher yields translate to better income down the road,” said Ronald Bernardi, a muni bond trader and president of Bernardi Securities Inc. “From our perspective, 27 weeks of outflows isn’t necessarily all bad.”
He elaborated that some of the municipal bond fund outflows represent “hot money” from investors not truly in the market for traditional municipal bond benefits:
“I have felt for many months that a lot of the money that had moved into muni funds was hot money,” he said. “It was investment capital that would have been in money market funds or CDs, but in the early part of the year, it went to muni funds and was never consistent with the risk profile of many of those investors.”
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Ronald Bernardi was quoted in the 5/6/12 issue of InvestmentNews regarding the rally in municipal bonds.
“It’s a function of the fact that smart municipalities are cutting back,” said Ronald Bernardi, president of Bernardi Securities Inc., a municipal bond broker-dealer.”
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Ronald Bernardi was quoted in the 5/6/12 issue of InvestmentNews regarding retirement income.
“Though municipal bonds historically have been thought of as mattress money, panelist Ronald Bernardi, president of Bernardi Securities Inc., noted that the danger in investing in munis is very real.”
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Bernardi Securities, Inc. was mentioned in the following news story – City gets a good deal on bond issue.