Stephen Bates
Stephen Bates is a registered investment advisor at Essex Financial Services, INC., based in Essex, CT, with 25 years of industry experience. Stephen operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Insurance Planning, Investment Management, and 1 more. Their firm serves 2,963 clients with $4.2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Essex Financial charges a percentage of your portfolio annually for wealth management services. The exact percentage ranges from 0.50% to 1.50% depending on the complexity of your situation, the amount you invest, and your overall relationship with Essex Financial. Fees are paid quarterly in advance. Additional fees are charged for third-party managed account programs, not to exceed 2.00% in total.
Location
176 Westbrook Road, Essex, CT, 06426
Get directionsHistory
Regulatory History (1)
Customer Dispute
March 2009Other Business Activities
Stephen is a board member and member of the finance committee for the Old Lyme Library. He spends minimal time on this non-investment related activity.
Employment History
Current Registrations
Essex Financial Services, INC.
Previous Registrations
Essex Financial Services, INC.Broker
Banc of America Investment Services, INC.
Banc of America Investment Services, INC.Broker
Mbsc, LLCBroker
Mellon Financial Markets, LLCBroker
PNC Brokerage CORPBroker
Shawmut Brokerage, INC.Broker
Mds Securities IncorporatedBroker
Shawmut Brokerage, INC.Broker
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.