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BATES FINANCIAL ADVISORS, INC.
CRD 116515File 801-72191
APPROVED
Retail clients
Custody
Filing as of Jun 25, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$439.2M
Below cohort median (national)
Discretionary AUM
$438.2M
Non-discretionary $992K
Clients
399
1,273 accounts
Employees
5
Below cohort median in IL
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Feb 28, 2011
- Principal office
- 8437 NORTHERN AVE, ROCKFORD, IL, 61107
- Phone
- 815-332-4020
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $439.2M
- Discretionary AUM
- $438.2M
- Non-discretionary AUM
- $992K
- Discretionary accounts
- 1,266
- Non-discretionary accounts
- 7
- Total accounts
- 1,273
- AUM per client
- $1.1M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Charitable organizations | Fewer than 5 | $1.2M |
| High net worth individuals | 130 | $311.8M |
| Individuals (other than high net worth individuals) | 267 | $126.2M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- A percentage of assets under your management
Advisory activities
- Financial planning services
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| May 1, 2026 | Employees | 7 | 5 | decreased by2 |
| May 1, 2026 | Clients | 427 | 399 | decreased by28 |
| May 1, 2026 | AUM | $395,625,847 | $439,211,752 | increased by$43,585,905 |
| May 1, 2026 | Accounts | 1,355 | 1,273 | decreased by82 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 10 | 7 | decreased by3 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 696 | 427 | decreased by269 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $550,506,678 | $395,625,847 | decreased by$154,880,831 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 2,072 | 1,355 | decreased by717 |
| Apr 1, 2022 | Clients | 774 | 696 | decreased by78 |
| Apr 1, 2022 | AUM | $529,249,409 | $550,506,678 | increased by$21,257,269 |
| Apr 1, 2022 | Accounts | 2,249 | 2,072 | decreased by177 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “BATES FINANCIAL” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“BATES FINANCIAL” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.