Bernzott Capital Advisors

Bernzott Capital Advisors manages roughly $265 million for about 184 clients and serves individuals (including high‑net‑worth clients), retirement plans, trusts, charities, banks, and other institutional entities. The firm provides discretionary and non‑discretionary portfolio management, ERISA‑focused retirement plan advisory and consulting, and separately managed account services.

The firm follows a bottom‑up, value‑oriented investment process with a long‑term horizon, typically constructing concentrated U.S. small‑cap value portfolios of about 25–35 holdings and aiming for relatively low turnover. Clients receive regular reporting that includes account inventories, appraisals and investment performance, and Bernzott also offers a more diversified customized multi‑asset class option for certain clients.

Noteworthy operational features include arrangements to provide model portfolios and discretionary or non‑discretionary management to other registered investment advisers under written agreements, with fee‑sharing described in the brochure — a service that is uncommon for firms of this size. The brochure also discloses that the firm provides investment performance information in client reports and firm materials, states it does not utilize artificial intelligence in its portfolio management, and notes that standing letters of authorization may create limited custody under certain circumstances.