Bates Financial Advisors, Inc.
- Regulatory AUM
- $439M
- Discretionary
- $438M
- Clients
- 399
- Avg AUM / client
- $1.1M
- Accounts
- 1,273
- Employees
- 5
AUM over time
Annual snapshots from Form ADV filings · as of Jun 25, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 267 | $126M | 28.7% |
| High net worth individuals | 130 | $312M | 71.0% |
| Charitable organizations | 2 | $1.2M | 0.28% |
People (5)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| George Ernest Bates | President, Chief Compliance Officer | Sep 1984 (42y) | 75% or more | |
| Bates, Carol, Eveline | Secretary | Aug 2020 (6y) | Less than 5% | |
| George Douglas Bates | Registered representative | Oct 2020 (6y) | ||
| John William Wimbiscus | Registered representative | CFP | May 2026 (0y) | |
| Matthew Douglas Bates | Registered representative | Jul 2026 (0y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/25/2026 | 1.16 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- Fidelity Brokerage Services $293M (67% of AUM) Jun 2026
- American Funds Distributors, Inc. $241M (44% of AUM) Mar 2022
- TD Ameritrade $236M (43% of AUM) Mar 2022
- Truist Financial Corp $51.2M (12% of AUM) Jun 2026
- Altruist Financial $51.2M (12% of AUM) Jun 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 25, 2026.
View current Form ADV (SEC/IAPD) ↗