Muni SMA Strategies
Municipal Bonds: Local Impact
Company News
Ron Bernardi quoted in Bond Buyer article - June 10, 2019
Ron Bernardi quoted in Bond Buyer article - March 14, 2019
Bernardi Asset Management Named Top Guns Manager by Informa Investment Solutions - February 28, 2019
Ron Bernardi quoted in Bond Buyer article - March 14, 2019
Bernardi Asset Management Named Top Guns Manager by Informa Investment Solutions - February 28, 2019
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Check the background of Bernardi Securities or your investment professional on FINRA BrokerCheck
Market Commentaries
RE: The Wall Street Journal’s “Your Stock Trades Go Free but Your Cash Is in Chains”
Jason Zweig’s October 4th article underscores that transaction costs should not be the only metric investors use to evaluate investment platforms. Additionally- and as importantly – they need to consider opportunity costs, the portfolio management process, and market access (the latter, especially with munis!).
Bond Portfolio Strategy in a Booming Market
Federal Reserve Board Member disagreement on the direction of monetary policy is a contributing factor to prevailing market uncertainty. Several members question the sensibility of our central bank following the easy monetary policy used for many years by both the Bank of Japan and European Central Bank (ECB), which has done little to spur growth or inflation in their respective economies. Nonetheless, just this morning the ECB cut rates further into negative territory in what could be a last-ditch effort to spur growth…Instead we offer these observations as to how to navigate the current volatile market dynamics.
Stranger Things & Global Central Banks
The hit Netflix series Stranger Things takes place in the fictional 1980’s town of Hawkins, Indiana. The show follows a group of middle school kids fending off other-dimensional monsters and Russian conspiracy plots. The threats are significant, though they are entirely unnoticed by society, aside from the primarily juvenile cast. Today’s global central bankers are knee-to-eyeballs deep (U.S. the former, Japan, the latter) in fighting off monetary policy monsters, as well. Unlike the broader Stranger Things society, today’s market participants are preparing for the worst…