Portfolios are managed on either a discretionary or non-discretionary basis. Contact a Bernardi Securities, Investment Specialist to request the applicable form(s) required for opening a Bernardi Securities, Inc. Portfolio Managed account.

Non Discretionary Managed Portfolio Form

A non-discretionary managed portfolio requires that a Bernardi Investment Specialist contact and receive approval from the client or advisor for each and every portfolio investment recommendation before a trade is executed. A Non-Discretionary “Confidential Investor Profile Form and Letter of Instructions” must be completed, accepted and signed to open a Bernardi non-discretionary managed portfolio account.

Discretionary Managed Portfolios Form

A discretionary managed portfolio requires the client to forward a properly completed and signed “Discretionary Trading Authorization” to Bernardi Securities, Inc. Bernardi Portfolio Managers will then make investments, conforming to the pre-established parameters, at their own discretion and will report activities to the client and/or investment advisor on a quarterly basis. A discretionary “Confidential Investor Profile Form and Letter of Instructions” must also be completed, accepted and signed by the client before any trades are executed.

Confidential Client Investment Statement Form

To enable the Bernardi Portfolio Managers to affirm changes in a client’s market expectations, investment objectives and/or financial status, a Confidential Client Investment Statement is to be completed and included as part of the client’s permanent file.

New Account Form

New Bernardi Securities, Inc. clients must also complete a “New Account Application Form”.