DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
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SEC-registered adviser
B••••••• A•••• M••••••••• L••
Latest filing Nov 19, 2025
First filing on the tape Nov 30, 2011 · 43 filings
SEC status approved since Jan 2, 2008
RAUM
$331M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
43%
$141M individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$27.6M
derived; firm RAUM over IAPD count
Employees
22
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$331M as of Nov 19, 2025
Nov 30, 2011$111M then
HNW client RAUM$137M as of Nov 19, 2025
Dec 20, 2017$75.0M then
State-registered IARs (5.B.3)12 as of Nov 19, 2025
Nov 20, 20136 then
Employees (5.A)22 as of Nov 19, 2025
Nov 20, 20136 then
Private funds: no history
RAUM -5.0% over the last fiscal year+15% a year over threeIARs 12 to 12
Practice profile
derived from the filing of Nov 19, 2025; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $27.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 5derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.9MderivedHNW RAUM over HNW clients
- Average account
- $2.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 16%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 12.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -2.5%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -17%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$137M41%
- Other investment advisers$121M37%
- State and municipal entities$35.4M11%
- Insurance companies$16.8M5.1%
- Corporations and businesses$16.7M5.0%
- Individuals$3.6M1.1%
- Individual clients
- 26reported
- HNW clients
- 28reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 146reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.43 fund_share=0.37 institutional_share=0.16 related_bd=true related_bank=false bd_reps=17.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R••••• P••••••••• B••••••• | Northfield, Il | Jul 31, 2000 | 41 y | 0 |
| J••• T••••• | Northfield, Il | Aug 13, 2007 | 21 y | 0 |
| J•••••• D•••• I•••• | Northfield, Il | Oct 22, 2007 | 34 y | 0 |
| M•••••• P• B••••••• | Northfield, Il | Jan 14, 2015 | 13 y | 0 |
| T••••• P• B•••••••Chartered Financial Analyst | Northfield, Il | May 29, 2015 | 11 y | 0 |
| R••••• J••• M•••••• | Northfield, Il | Apr 11, 2016 | 25 y | 0 |
| D••••• J• Z•••••• | Northfield, Il | Jul 28, 2016 | 20 y | 0 |
| M•••• L•• S•••••• | Northfield, Il | Feb 1, 2017 | 23 y | 3 |
| R••••• B••••• | Northfield, Il | Jul 7, 2020 | 41 y | 0 |
| Z•••••• A••••• C••••• | Northfield, Il | Nov 1, 2021 | 10 y | 1 |
| P•••• E••••• R•••••Chartered Financial Analyst | Northfield, Il | Dec 11, 2023 | 18 y | 2 |
| E•••• N•••• B••••• | Northfield, Il | Jul 18, 2025 | 24 y | 2 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- B•••• C•••• S•••• to S••••• F••••••••Nov 23, 2016 · Other
- E••• A••••• B••••••• to R••••• W••••• M•••••••••Jun 3, 2016 · Other
- S•••• R•••••• R••••• to B••• • B••• A••••••• L••Feb 26, 2016 · Other
- C•••••••• A• S••••• to T•• M••••• F•••••••• G••••• L••Feb 16, 2005 · Other
Joined, latest
- E•••• N•••• B••••• from C•••••• S••••• • C••• I•••Jul 18, 2025 · Affiliated broker-dealer or bank to independent RIA
- P•••• E••••• R••••• from R•••• S•••••••• • A••••••••• L••Dec 11, 2023 · RIA to RIA
- Z•••••• A••••• C••••• from A••••• W••••• M•••••••••Nov 1, 2021 · Affiliated broker-dealer or bank to independent RIA
- M•••• L•• S•••••• from T••••••••• T•• • I•••••••••Feb 1, 2017 · Other
- B•••• C•••• S•••• from M•••••• F•••••••• I••••••••• M••••••••• I•••Jun 2, 2016 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••••• R•••••• P••••••••• · President & Ceocontrolsince 08/2000 · owns less than 5%
- L•••••• M•••••••• B••••••• · Secretarycontrolsince 05/2001 · owns less than 5%
- B•••••••• R•••••• P••••••••• · President & Ceocontrolsince 09/1984 · owns 50% to 75% of B••••••• S••••••••• I•••
- B•••••••• M••••••• P• · Senior Vice Presidentsince 12/2017 · owns less than 5%
- B•••••••• T•••••• P• · Senior Vice President/Chief Compliance Officersince 12/2017 · owns less than 5%
Entity owners
- B••••••• S••••••••• I••• · Managing Member/Corporationsdirect · owns 75% or more
Related persons
Schedule D 7.A
- B••••••• S••••••••• I•••broker-dealery
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Northfield, Il · principal | 12 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 158 to 146Nov 20, 2024 to Nov 19, 2025
- Advisory employees · 11 to 10Nov 20, 2024 to Nov 19, 2025
- BD registered reps · 16 to 17Nov 20, 2024 to Nov 19, 2025
- HNW clients · 30 to 28Nov 20, 2024 to Nov 19, 2025
- Individual clients · 27 to 26Nov 20, 2024 to Nov 19, 2025
- Employees · 21 to 22Nov 20, 2024 to Nov 19, 2025
- Financial planning clients · unset to Nov 20, 2024 to Nov 19, 2025
- State-registered IARs · 9 to 12Nov 20, 2024 to Nov 19, 2025
- Discretionary RAUM · $330M to $331MNov 20, 2024 to Nov 19, 2025
- HNW RAUM · $134M to $137MNov 20, 2024 to Nov 19, 2025
- Individual RAUM · $3.6M to $3.6MNov 20, 2024 to Nov 19, 2025
- Non-discretionary RAUM · $10.4M to $0Nov 20, 2024 to Nov 19, 2025
- RAUM · $340M to $331MNov 20, 2024 to Nov 19, 2025
- Accounts · 146 to 158Jan 4, 2024 to Nov 20, 2024
- Advisory employees · 12 to 11Jan 4, 2024 to Nov 20, 2024
- BD registered reps · 15 to 16Jan 4, 2024 to Nov 20, 2024
- HNW clients · 46 to 30Jan 4, 2024 to Nov 20, 2024
- Individual clients · 23 to 27Jan 4, 2024 to Nov 20, 2024
- Assets in custody · 5020251.0 to unsetJan 4, 2024 to Nov 20, 2024
- Custody of client assets · true to falseJan 4, 2024 to Nov 20, 2024
- Employees · 16 to 21Jan 4, 2024 to Nov 20, 2024
- State-registered IARs · 12 to 9Jan 4, 2024 to Nov 20, 2024
- Discretionary RAUM · $339M to $330MJan 4, 2024 to Nov 20, 2024
- HNW RAUM · $127M to $134MJan 4, 2024 to Nov 20, 2024
- Individual RAUM · $3.3M to $3.6MJan 4, 2024 to Nov 20, 2024
- Non-discretionary RAUM · $9.7M to $10.4MJan 4, 2024 to Nov 20, 2024
- RAUM · $348M to $340MJan 4, 2024 to Nov 20, 2024
- Accounts · 134 to 146Apr 14, 2023 to Nov 16, 2023
- Corporate clients · unset to 2.0Apr 14, 2023 to Nov 16, 2023
- HNW clients · 44 to 46Apr 14, 2023 to Nov 16, 2023
- Individual clients · 26 to 23Apr 14, 2023 to Nov 16, 2023
- Assets in custody · $5.1M to $5.0MApr 14, 2023 to Nov 16, 2023
- Employees · 15 to 16Apr 14, 2023 to Nov 16, 2023
- Discretionary RAUM · $280M to $339MApr 14, 2023 to Nov 16, 2023
- HNW RAUM · $113M to $127MApr 14, 2023 to Nov 16, 2023
- Individual RAUM · $3.3M to $3.3MApr 14, 2023 to Nov 16, 2023
- Non-discretionary RAUM · $9.7M to $9.7MApr 14, 2023 to Nov 16, 2023
- RAUM · $290M to $348MApr 14, 2023 to Nov 16, 2023
- Accounts · 132 to 134May 9, 2022 to Nov 28, 2022
- Advisory employees · 11 to 12May 9, 2022 to Nov 28, 2022
Signals
No event on the tape.
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 309-459-2750reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 309-459-2751reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 312-726-7324reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- bernardisecurities.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 312-281-2021reportedpublic record, Form ADV, Nov 19, 2025
- Contact form
- bernardisecurities.com/about-bernardi-securities-municipal-breportedpublished by the firm, firm site, Sep 17, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $27.6Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026