Bernard Wealth Management

Where are assets held?

Client holdings are generally custodied in investment accounts at Charles Schwab & Co., Inc. Bernard Wealth Management never takes possession of client assets.

Do you receive commissions for your services?

No. We never receive commissions or any other form of remuneration as a result of our recommending a particular product or service. No advisor can be entirely objective if the advisor’s recommendations are in any way tied to his income. Our sole source of revenue is investment management fees, which are generally based on a percentage of assets under management.

Are investment returns guaranteed?

No. Investing involves risk of loss, which clients should be prepared to bear.

Do you require a fee for taking on a wealth management relationship?

Our stated minimum is $250,000 of investible assets. However, we are always happy to meet to discuss your needs, and there is no fee for an initial consultation.

Are taxes considered when making investment decisions?

Yes. We regularly review accounts for realized gains and losses, and will attempt to take losses to minimize taxes. However, unless clients instruct otherwise, we will sell positions for fundamental or valuation reasons, rather than holding to avoid taxes.