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Michael Demaray, portrait

Michael Demaray

President at Bard Associates

Firm officerUpdated

Michael Demaray has been President of Bard Associates Inc, a Chicago, IL investment adviser managing $416M, since January 2024.

2
Years in role
$416M
Firm AUM
181
Firm clients
4
Firm advisers

From Form ADV filed 22 May 2026Form ADV

Career

Michael Demaray is a control person of Bard Associates and directly owns 75% or more of it. Michael Demaray holds a B.A. in Economics from Wheaton College.

Bard Associates is an investment adviser based in Chicago, IL, registered with the SEC since 1987. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and pooled investment vehicles. Its regulatory assets under management total $416 million, as filed on 22 May 2026. Its fees, ownership and offices are on the firm’s profile.

Michael Demaray is President of Bard Associates. He joined Bard in 2020. Before joining, he was a Director at AEG Partners, a turnaround advisory firm, and started and ran Elevated Capital, a long/short equity investment firm, for over a decade. He began his career in the Los Angeles office of LEK Consulting.

Credentials

Professional designations

Listed by Bard Associates

  • Chartered Financial Analyst (CFA®)

Key facts

CRD
5029939
Firm
Bard Associates · CRD 104984
Role
President
In role since
January 2024 · 2 years
Control person
Yes
Direct ownership
75% or more
Firm headquarters
Chicago, IL
Individual registration
No current adviser record · SEC search
Disciplinary history
Not yet shown here · SEC record

Common questions

Where does Michael Demaray work?

Michael Demaray has been President of Bard Associates Inc since January 2024, and is a control person of the firm.

Source: Form ADV, Schedule A, filed 22 May 2026

Is Michael Demaray a CFA charterholder?

Bard Associates lists Michael Demaray with the CFA credential (“Chartered Financial Analyst (CFA®)”) on its website. CFA Institute confirms certification status.

Source: Michael Demaray biography, bardassociatesinc.com

How can I verify Michael Demaray’s record?

Michael Demaray’s role is listed on Bard Associates Inc’s Form ADV, which the SEC’s adviser search (adviserinfo.sec.gov) publishes under the firm’s CRD 104984.

Source: Form ADV, Schedule A, filed 22 May 2026

Leadership at Bard Associates

Sources

  1. IAPD individual lookup, CRD 5029939, checked 22 October 2026. This profile uses the Form ADV officer listing; the individual lookup did not provide a current investment-adviser record.
  2. Form ADV Part 1A, Schedules A and B of Bard Associates Inc, filed 22 May 2026. Title, control and ownership bands.
  3. Bard Associates team page. Biography, education, credentials, awards and the portrait, reproduced for identification.