Bard Associates Inc
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$397,070,483
Clients
180
Advisors
3
across 2 offices
About
Bard Associates, Inc. provides discretionary portfolio management and a portfolio-monitoring service to individuals, IRAs, trusts, estates, charitable organizations, and other entities, and it charges advisory fees based on a percentage of assets under management. The firm also acts as the general partner and manager of the Bard Micro-Cap Value Fund L.P., a private pooled vehicle that is currently closed to new investors.
The firm follows a long-term, buy-and-hold investment philosophy with a stated emphasis on smaller-company and micro-cap equities for the aggressive portion of client portfolios and a range of defensive instruments for more conservative allocations; target asset mixes are guided by a 1–10 client risk-tolerance scale. In addition to fundamental company analysis and extended holding periods, Bard discloses the selective use of derivative strategies (selling calls, occasionally buying puts) and the sparing use of margin borrowing in separately managed taxable accounts, and it conducts documented due diligence when recommending private placements.
What distinguishes Bard from many peer team firms is its role as a private fund adviser and fund sponsor, offering pooled-vehicle management and related reporting (quarterly updates, K-1s, and audited annual financials) alongside individualized account services. The firm also discloses potential conflicts and operational controls that are less common—such as an employee referral bonus program, policies eliminating cross-transactions and third-party transfer authorizations, and explicit procedures for handling affiliated pooled-vehicle interests.
Client services
Expertise
Fee options
$0 - $1,000,000: 1.00% $1,000,000 - $2,000,000: 0.90% $2,000,000 - $3,000,000: 0.80% $3,000,000 - $4,000,000: 0.70% $4,000,000 - $5,000,000: 0.60% $5,000,000+: 0.50%
Account minimum: $500,000 Fee-only: Investment advisory fees based solely on assets under management; no commissions charged.
Main office
See office233 South Wacker Drive, Suite 4400
Chicago IL 60606
Advisors at this office
2
Offices (2)
Most active in
California · Colorado · Florida · Illinois · Massachusetts · New Hampshire · New York · North Carolina · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Timothy J
Chicago, IL
Bard Associates Inc
Timothy Johnson is a financial advisor with Bard Associates Inc in Chicago, IL, holding 27 years of industry experience. He has been with Bard Associates since 1983, contributing to the firm for over four decades. Bard Associates provides discretionary portfolio management and monitoring services to individuals, retirement accounts, trusts, estates, and other entities, as well as advising partners in its affiliated private pooled vehicle, the Bard Micro-Cap Value Fund L.P. The firm employs a long-term, buy-and-hold strategy focusing on smaller-company stocks for growth and a mix of defensive instruments tailored to client risk tolerance, with investment decisions based on fundamental analysis and ongoing asset allocation adjustments.
Michael D
CFA®
Chicago, IL
Bard Associates Inc
Michael Demaray is a CFA® charterholder with five years of industry experience. He is currently with Bard Associates Inc in Chicago, IL, and previously worked at Elevated Capital LLC for 14 years and AEG Partners for one year. He is the owner and general partner of entities that are currently being wound down and does not devote time to these during the work week. Bard Associates provides discretionary portfolio management and monitoring services to individuals, retirement accounts, trusts, estates, and other entities, employing a long-term, buy-and-hold investment approach with a focus on smaller-company stocks and defensive instruments tailored to client risk tolerance. The firm also manages the Bard Micro-Cap Value Fund L.P., a private pooled vehicle, and uses fundamental analysis alongside limited derivatives and margin strategies in certain accounts.
Wendi S
CFP®, Series 66
Chicago, IL
Bard Associates Inc
Wendi Svitak is a CFP® professional with seven years of industry experience. She currently works at Bard Associates Inc and has prior experience at The Retirement Network Ltd, LPL Financial, and Morgan Stanley. Outside of her advisory role, she provides administrative support to independent investment advisor firms. Bard Associates, Inc. offers discretionary portfolio management and portfolio-monitoring services to a range of clients including individuals, IRAs, trusts, and charitable organizations. The firm emphasizes a long-term, buy-and-hold investment strategy focused on smaller-company and micro-cap equities, and also manages the Bard Micro-Cap Value Fund L.P., a private pooled vehicle closed to new investors.
Not sure where to start?
We'll help you think it through—whether you ultimately need an advisor or not. Warmer helps you compare advisors clearly, so you can choose with confidence.
For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Advisors are independent and may not have reviewed or updated this information. Please review an advisor’s Form ADV and do your own diligence before deciding whether to work with them.
Advisor matching and introductions are provided by FinanceHQ LLC (“FHQ”), a wholly-owned subsidiary of Warmer and an SEC-registered investment advisor. We receive compensation from certain participating advisors for introductions or referrals. This creates a conflict of interest because we have an incentive to recommend advisors who compensate us, including those who pay us more. You pay no fee to use our matching service, and advisor fees are not increased because of a referral or introduction. We do not review the ongoing performance of advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.
By using our service, you agree to our Terms of Service and Advisory Agreement, and acknowledge our Privacy Policy. Please review FHQ’s ADV Part 2A and Form CRS. Logos provided by Logo.dev
© 2026 Warmer Holdings Inc. (“Warmer”)