Bernhardt Wealth Management, Inc. (Mclean)

Name: Bernhardt Wealth Management, Inc.
Address: 7601 Lewinsville Road, Mclean, VA, 22102
Telephone: 703-356-4380

Bernhardt Wealth Management, Inc. is a large advisory firm based in Mclean. It manages $398.91 million of regulatory assets for 886 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of District of Columbia, Louisiana, Maryland, and 4 other states.

Bernhardt Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bernhardt Wealth Management: assets under management

The assets under management (AUM) of Bernhardt Wealth Management, Inc. is $398.91 million. The firm's AUM has grown by 643% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $398.53 million in discretionary accounts and $385.12 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $450.82 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $192.56 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 97% of the total AUM. The second-largest asset type is other assets, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bernhardt Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gordon Joel Bernhardt serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Gordon Joel Bernhardt is high net worth individuals with 191 clients and $364.64 million of assets under management. Among the 7 most similar advisory firms, Bernhardt Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $398.91 million for 278 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Bernhardt Wealth Management doesn't advise any private funds.

Careers at Bernhardt Wealth Management, Inc.

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Bernhardt Wealth Management, Inc. is owned by Timothy Stephen Koehl. Gordon Joel Bernhardt has been acting as President since 1 Jan 1995. Solon George Vlasto joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gordon Joel Bernhardt	President/chief compliance officer	1 Jan 1995	Other	1998159
Gordon J. Bernhardt Living Trust	Owner	1 Jan 2003	75% - 100%	xxx-xx-xxxx
Timothy Stephen Koehl	Owner	1 Dec 2014	Other	2498031
Bonnie Jane Armstrong	Owner	1 Dec 2014	Other	4867982
Solon George Vlasto	Chief compliance officer	1 Jan 2016	Other	2205111

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Gordon Joel Bernhardt	Owner	1 Jan 2003	75% - 100%	1998159

Based in Mclean

The principal office where Bernhardt Wealth Management, Inc. performs its advisory services is located at 7601 Lewinsville Road, Mclean, VA 22102, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-356-4380 or by fax 703-356-4383. The normal business hours are by appointment only on Other. You can find more information about the New York firm at profilesinsuccessbook.com.