# Bard Associates Inc

> Bard Associates Inc is an SEC-registered investment advisory firm in Chicago, IL, registered since 1987, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 22, 2026.

- CRD: 104984
- Filed as: BARD ASSOCIATES INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: May 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104984
- AdvisorCensus page: https://advisorcensus.com/firm/bard-associates-inc-chicago-il-104984

## Quick answers

**How is Bard Associates Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Bard Associates Inc reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Bard Associates Inc located?**
Bard Associates Inc's principal office is in Chicago, IL, according to its Form ADV.

**Is Bard Associates Inc registered with the SEC or a state?**
Bard Associates Inc is an SEC-registered investment advisory firm, registered since 1987. Status as filed: Approved. CRD 104984.

**How much does Bard Associates Inc manage?**
Bard Associates Inc reports $416,229,875 in regulatory assets under management in its Form ADV filing dated May 22, 2026 (100% discretionary).

**How have Bard Associates Inc's assets and staff changed since 2021?**
In the Form ADV data for Bard Associates Inc: Regulatory assets under management: $329,412,536 in the October 2021 data and $416,229,875 in the October 2026 data, up 26%. Total employees: 9 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bard Associates Inc serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (93); individuals (other than high net worth individuals) (87); pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Bard Associates Inc use?**
Bard Associates Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Bard Associates Inc report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104984

**What changed in Bard Associates Inc's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 4. Registered or notice-filed in NC. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $416,229,875
- Discretionary: $416,229,875
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 87 | $32,299,995 |
| High net worth individuals | 93 | $364,770,488 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $19,159,392 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 1987 (39 years)
- Employees: 10 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, FL, IL, MA, NC, NH, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- bardassociatesinc.com
- LinkedIn @bard-associates-inc.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $329,412,536 | 9 | March 29, 2021 |
| October 2022 | $394,489,492 | 9 | March 29, 2022 |
| October 2023 | $309,851,664 | 9 | March 24, 2023 |
| October 2024 | $337,059,184 | 9 | March 12, 2024 |
| October 2025 | $384,627,788 | 10 | March 24, 2025 |
| October 2026 | $416,229,875 | 10 | May 22, 2026 |

Regulatory assets under management: $329,412,536 in the October 2021 data and $416,229,875 in the October 2026 data, up 26%.
Total employees: 9 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 4.
- Registered or notice-filed in NC.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Registered or notice-filed in NH.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bard Associates Inc (CRD 104984): Form ADV filing data as of October 2026.