Bard Associates Inc

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.