William Blair & Company
47yrs
Top advisor by experience in Illinois
18yrs
Michael Bernhard has worked in the financial industry for 18 years and is a fiduciary financial advisor based in Chicago, Illinois. Michael has been with Morgan Stanley since 2009; before that, Michael spent less than a year at Citigroup Global Markets and less than a year at Edward Jones. Morgan Stanley offers financial planning, investment management, and retirement plan consulting and is paid through a percentage of assets, flat fees, and commissions.
One of 6312 advisors with offices in Chicago, and one of 5878 fiduciaries.
At a glance
Experience18 years (since 2008)
How that compares ?More experience than 63% of advisors in Chicago
Office233 S Wacker Dr. Suite 8600, Chicago, IL 60606
FirmMorgan Stanley
How the firm is paid ?Percent of assets, Flat fee, Commissions, Performance fee, Other
Typical client at the firm ?$670,481
Advisors at the firm23,156
States licensed ?2 states
Services through Morgan Stanley
Financial planningInvestment management for individuals and small businessesManaging mutual fundsInvestment management for businesses and institutionsRetirement plan consultingChoosing other investment managersEducational seminars and workshopsOther services
Specialties, designations like CFP®, and languages spoken appear here when advisors claim their profiles.
Licenses
Exams passed, from the official record. Tap a license to see what it allows.
Series 66Uniform Combined State Law Examination
Career
- 2009 – nowMorgan StanleyCurrent firm
- Apr 2009 – Jun 2009Citigroup Global Markets Inc.Previously
- May 2008 – Oct 2008Edward JonesPreviously
Contact Michael
(914) 225-5510Firm headquarters in Purchase, NY. Ask for Michael. 233 S Wacker Dr. Suite 8600Chicago, IL 60606Office · Get directions Firm websiteHTTP://WWW.MORGANSTANLEY.COM
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Questions to ask Michael
Tailored to Michael’s registration and firm.
- At a firm this size, will I work with you directly or with a service team?
- Your firm can charge performance-based fees. Would that apply to me?
- What does a financial plan with you include, and how often is it updated?
- If you use outside managers, how are they chosen and what do they cost on top of your fee?
- Where would my money be held, and will I get statements directly from that firm?
- What would I pay in total each year, in dollars, including fund and trading costs?
My notes and scorecard
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About Michael
How do I contact Michael?
Call Morgan Stanley at (914) 225-5510 and ask for Michael Bernhard. Michael works from the Chicago, IL office.
How long has Michael been a financial advisor?
Michael has been in the industry since 2008, about 18 years. More experience than 63% of advisors in Chicago.
What licenses does Michael hold?
Series 66. Tap any license on this page to see what it allows.
Is Michael a fiduciary?
Michael is registered as an investment advisor representative, which carries a fiduciary duty when giving investment advice.
How is Michael paid?
Morgan Stanley reports being paid by a percentage of the assets they manage, flat or fixed fees, commissions on some products, a share of investment gains, other fees. Ask Michael for your total yearly cost in dollars.
Official record as of October 3, 2026.
This profile is for information only and is not financial advice or a recommendation.
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