Bates Financial Advisors, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$438,003,903
Clients
397
Advisors
4
across 2 offices
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
Expertise
Fee options
Financial planning and consulting services fixed fees range from $500 to $15,000
0.25% to 1.00% annually (range depending on account size and negotiated terms)
Commissions earned by registered representatives on securities transactions and insurance commissions separate from advisory fees
Financial planning and consulting services hourly rates range from $75 to $1,000 per hour
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
See office8437 Northern Ave
Rockford IL 61107
Advisors at this office
3
Offices (2)
Most active in
Arizona · California · Colorado · Connecticut · Florida · Illinois · Indiana · Iowa · Missouri · Tennessee · Texas · Wisconsin
Also doing business as
Bates Financial Advisors, Inc. · George E. Bates & Associates, Inc.
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Lawyer
They provide legal services, typically billed separately.
Is not active or affiliated with:
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
George B
Series 66
Rockford, IL
Bates Financial Advisors, Inc.
George Bates is a financial advisor at Bates Financial Advisors, Inc. with a Series 66 designation and experience across several firms, including FTI Consulting, Rice University, Plains All American Pipeline, KPMG, and PricewaterhouseCoopers. He has one year of industry experience. Bates Financial Advisors, Inc. manages approximately $395 million for about 426 clients, offering portfolio management, financial planning, and consulting services to individuals, pension and profit-sharing plans, charitable organizations, corporations, and governmental entities. The firm develops customized investment policies and implements portfolios using a variety of instruments while monitoring accounts continuously.
Matthew B
Series 66
Rockford, IL
Bates Financial Advisors, Inc.
Matthew Bates is a financial advisor at Bates Financial Advisors, Inc. in Rockford, IL. He holds a Series 66 designation and has one year of experience in the financial industry. Prior to his current role, he worked in various positions including at Republic Services, Inc. and held roles at the University of Texas and Brunswick Corporation. Bates Financial Advisors, Inc. manages approximately $395 million for around 426 clients, offering discretionary and non-discretionary portfolio management, financial planning, and consulting services. The firm serves individuals, pension and profit-sharing plans, charitable organizations, corporations, and governmental entities, constructing personalized investment policies and monitoring accounts continuously.
John W
CFP®, Series 65
Chicago, IL
Bates Financial Advisors, Inc.
John Wimbiscus is a CFP® with 24 years of industry experience, currently serving with Bates Financial Advisors, Inc. He previously worked at The Mather Group, LLC and Trinity Financial Advisors. The firm is an SEC-registered advisory team managing approximately $395 million for around 426 clients, offering portfolio management, financial planning, and consulting services to individuals, institutions, and charitable organizations. Bates Financial Advisors customizes investment policies based on client objectives and risk tolerance, utilizing a range of instruments including mutual funds, ETFs, and government securities.
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.
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