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Bates Financial Advisors, Inc.

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Client assets under management

$438,003,903

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Clients

397

33% high-net-worth

Advisors

2

of 5 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

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Clients per advisor

199

Very High

Average account size

$1,103,284

About

Bates Financial Advisors, Inc. is an SEC-registered advisory team of seven professionals managing roughly $395 million for about 426 clients. The firm provides discretionary and non‑discretionary portfolio management, financial planning, and consulting to individuals (including high‑net‑worth clients), pension and profit‑sharing plans, charitable organizations, corporations and state or municipal entities.

The firm constructs individualized investment policies through personal interviews to define objectives, time horizons, risk tolerance and liquidity needs, then implements portfolios using mutual funds, ETFs, government securities, CDs, variable insurance products and other instruments. Accounts are monitored continuously and reviewed at least annually, and the brochure discloses the firm may employ both long‑ and short‑term strategies and, when suitable, use borrowing or margin in managed accounts.

Bates is affiliated with Bates Securities, Inc., and many advisory personnel also act as registered representatives and licensed insurance agents, arrangements disclosed in the brochure that can generate commission and 12b‑1 revenue; the firm notes these conflicts and provides a mutual‑fund fee credit (0.0625% on 12b‑1 paying share classes). The brochure also describes an institutional relationship with Fidelity that supplies software and conversion reimbursements and notes limited practices (serving as trustee in certain situations and using standing letters of authorization) that can affect custody and brokerage arrangements.

Client services

Financial planning Portfolio management

Expertise

Annuities General estate planning guidance Retirement income strategy Cash flow / budgeting Tax-loss harvesting

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Fee options

Fixed

Financial planning and consulting services fixed fees range from $500 to $15,000

Percentage

0.25% to 1.00% annually (range depending on account size and negotiated terms)

Commissions

Commissions earned by registered representatives on securities transactions and insurance commissions separate from advisory fees

Project-based

Financial planning and consulting services hourly rates range from $75 to $1,000 per hour

Other

Account minimum: $100,000 Minimum fee: Minimum quarterly fee of $175 Fee-only: Financial planning and consulting services charged hourly ($75 to $1,000 per hour) or fixed fee ($500 to $15,000)

Main office location

Bates Financial Advisors, Inc.

8437 Northern Ave

Rockford IL 61107, United States

Number of offices

1

Most active in

More info

Arizona · California · Colorado · Florida · Illinois · Indiana · Iowa · Missouri · Tennessee · Texas · Wisconsin

Disclosures

More info

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

More info

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 815-332-4020

Advisors at this firm

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George B

Series 63

Rockford, IL

Bates Financial Advisors, Inc.

George Bates is a financial advisor with Bates Financial Advisors, Inc. in Rockford, IL, holding a Series 63 designation and over 53 years of industry experience. He has been associated with multiple firms bearing his name since 1982, including Bates Securities, Inc., Bates Financial Advisors, Inc., Bates Financial Services, Inc., and Bates Financial Group, Inc. Outside of his advisory work, he is a partner in a racing horse venture and serves as president of a nonprofit focused on education and relief for Guatemalan children. Bates Financial Advisors, Inc. is an SEC-registered team of seven professionals managing approximately $395 million for about 426 clients. The firm offers discretionary and non-discretionary portfolio management, financial planning, and consulting services to individuals, pension and profit-sharing plans, charitable organizations, and governmental entities, using tailored investment policies implemented through a range of financial instruments and subject to continuous monitoring.

Annuities General estate planning guidance Retirement income strategy Cash flow / budgeting Tax-loss harvesting
user avatar

George B

Series 63, Series 65

Rockford, IL

Bates Financial Advisors, Inc.

George Bates is a financial advisor at Bates Financial Advisors, Inc. in Austin, TX, with 35 years of industry experience. He holds Series 63 and Series 65 licenses and is a licensed attorney admitted in Illinois and various federal courts. In addition to his advisory work, he manages Global Proppant Supply LLC, which develops frac sand projects in Wisconsin. Bates Financial Advisors, Inc. is an SEC-registered advisory team of seven professionals managing approximately $395 million for around 426 clients. The firm offers portfolio management, financial planning, and consulting services to individuals, pension and profit-sharing plans, charitable organizations, corporations, and governmental entities, using personalized investment policies and a range of financial instruments.

Annuities General estate planning guidance Retirement income strategy Cash flow / budgeting Tax-loss harvesting
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