Bard Associates Inc (Chicago)

Bard Associates Inc is a large advisory firm based in Chicago. It manages $246.13 million of regulatory assets for 188 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Florida, and 4 other states.

Bard Associates provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bard Associates: assets under management

The assets under management (AUM) of Bard Associates Inc is $246.13 million. The firm's AUM has grown by 374% since the beginning of its operation, and $576.2 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $238.14 million in discretionary accounts and $7.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.29 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.66 million.

Bard Associates has custody of $10.04 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bard Associates Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Timothy Bard Johnson serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Timothy Bard Johnson is individuals with 151 clients and $113.29 million of assets under management. Among the 7 most similar advisory firms, Bard Associates has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $238.14 million for 185 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Bard Associates also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $20,000 for each fund.

Careers at Bard Associates Inc

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Timothy Bard Johnson has been acting as President since 1 Nov 1982. Elinor Escamilla joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Timothy Bard Johnson	President	1 Nov 1982	75% - 100%	4346580
Kathryn Anne Schutz	Executive vice president	1 Oct 2004	Other	1969787
Lauren Michele Scheibe	Chief compliance officer	1 Sep 2005	Other	5029939
Lauren M Scheibe	Chief compliance officer	1 Sep 2005	Other	5029939
Elinor Escamilla	Shareholder	1 Jan 2018	Other	5156369
Alexis Johnson	Shareholder	1 Jan 2018	Other	7028733

Based in Chicago

The principal office where Bard Associates Inc performs its advisory services is located at 135 S Lasalle St Ste 3700, Chicago, IL 60603, 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 312-782-9600 or by fax 312-782-3785. The normal business hours are 9:00am - 5:00pm on Monday - Friday.