# Michael Demaray

> Michael Demaray is a fee-only financial advisor at Bard Associates in Chicago, Illinois, who holds the CFA credential. Bard Associates reports charging a percentage of assets on its Form ADV.

Page: https://find.wellspent.co/advisors/michael-demaray/
Built from SEC adviser records; last checked October 30, 2026.

## Facts

- **Firm:** Bard Associates
- **Based in:** Chicago, Illinois
- **Fee model (firm's Form ADV):** Percentage of assets
- **Assets under management (firm):** $416.2M across 388 accounts
- **Credentials:** CFA
- **CRD:** 7263480 (https://adviserinfo.sec.gov/individual/summary/7263480)
- **SEC registration:** Investment adviser representative in CA, CO, FL, IL, MA, TX
- **Firm size:** 10 employees
- **Disclosures:** None reported
- **Website:** http://www.bardassociatesinc.com

## Frequently asked questions

### Is Michael Demaray a fee-only financial advisor?

Yes, according to SEC records as of October 29, 2026: Michael holds no broker registration, and Bard Associates reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.

### How does Michael charge for financial advice?

Michael's firm, Bard Associates, reports charging a percentage of assets on its SEC Form ADV.

### Where is Michael Demaray based?

Michael Demaray is based in Chicago, Illinois.

### What credentials does Michael Demaray hold?

Michael Demaray holds the CFA credential.

### Is Michael Demaray registered with the SEC?

Yes. Michael Demaray is registered as an investment adviser representative in CA, CO, FL, IL, MA and TX (CRD 7263480), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.

### How much does Bard Associates manage?

Bard Associates reports $416.2M across 388 accounts in assets under management.

### How do I contact Michael Demaray?

Through Michael's website, www.bardassociatesinc.com.

## Sources

- SEC adviser records (https://adviserinfo.sec.gov/individual/summary/7263480): the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 29, 2026

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Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.