Berno Financial Management, Inc.
	Client Profile
	as of 12/31/2006
	A summary of BFMI clients by Net Worth, Portfolio Value, Age, Tenure & Professions
	Net Worth (1)						Portfolio Values  (under BFMI mgt.)(2)
	Age						Tenure (# of years with BFMI)
	Professions
							Footnote:	(1) Reflects about 75% of On-Going Management
								Service client base.  Remaining 25% are
								excluded due to client request or portfolio size.
								(2) 62% of portfolios under $500,000 are younger,
								accumulating clients.
											/clientprofile2006
	Net worth
	# of clients	% of clients	Net worth
	2	4%	$5,000,000+
	18	37%	$2,000,000 - $4,999,999
	17	35%	$1,000,000 - $1,999,999
	12	24%	under $1,000,000
	49	100%
	Investment Portfolio Market Values
	# of clients	% of clients	Market Value
	2	3%	$5,000,000+
	10	15%	$2,000,000 - $4,999,999
	14	22%	$1,000,000 - $1,999,999
	26	40%	$500,000 - $999,999
	13	20%	under $500,000
	65	100%
	Age
	# of clients	% of clients	Age Range
	1	2%	90+
	3	5%	80 - 89
	8	12%	70 - 79
	21	32%	60 - 69
	14	22%	50 - 59
	12	18%	40 - 49
	6	9%	under 40
	65	100%
	Tenure with BFMI
	# of clients	% of clients	Tenure
	21	32%	10+ years
	15	23%	5 - 10 years
	5	8%	3 - 5 years
	16	25%	1 - 3 years
	8	12%	less than 1 year
	65	100.0%
	Profession
	# of clients	% of clients	profession
	12	18%	Corporate Exec/ Mgmt Employee
	22	34%	Retired
	8	12%	Business Owner
	18	28%	Professional
	5	8%	Other
	65	100.0%