Company Research Report: Bates Group, LLC

Company Overview

• Name: Bates Group, LLC

• Mission: Bates Group provides comprehensive analytical and consulting support tailored for financial services firms, offering deep industry expertise and a customized approach.

• Founded: John Bates established the original firm, Bates Private Capital, in 1981 as a family business.

• Founders: John Bates founded the firm, originally consisting of him and his son.

• Key People:

• Benjamin R. Pappas: Chief Executive Officer

• Jennifer L. Stout: Vice-Chair of the Bates Board of Directors and Senior Executive Advisor

• Julie R. Johnstone: Managing Director, Practice Leader - Securities and Financial Services Litigation & Consulting

• Alex Russell: Senior Managing Director, Regulatory & Litigation

• Brandi Reynolds, CAMS-Audit: Chief Growth Officer and Senior Managing Director, Fintech & Banking Compliance

• David Birnbaum: Managing Director, Business Development and Strategy

• Hank Sanchez, Esq.: Managing Director, Bates Compliance

• Rhonda Davis, JD, CAMS, CFE: Senior Managing Director, BD-RIA Compliance

• Headquarters: 2 Lincoln Center, 10220 SW Greenburg Road, Suite 200, Portland, OR 97223

• Number of Employees: Over 175 financial services industry consultants and expert witnesses.

• Revenue: No information is available.

• What is the company known for: Bates Group is known for its expertise in compliance, litigation, regulatory support, and data analytics for financial services companies.

Products and Services

• Services Offered:

• Compliance: Includes registrations, reviews, CCO outsourcing, program build-out, regulatory supervision, and exam support.

• Data Analytics: Industry-leading capabilities for P&L or damages reports, trade investigations, market abuse monitoring, and tech reviews.

• BSA/AML/OFAC: Customizable solutions to meet regulatory requirements, including risk assessments and policy development.

• Litigation and Regulatory Support: Full-service support, including securities litigation/arbitration, enforcement, reviews, and expert testimony.

• Training & Education: Provides training and programs on securities litigation, regulatory, AML, and compliance matters.

• Key Features:

• Deep Industry Expertise: The Bates team is composed of seasoned professionals with extensive industry experience.

• Customized Approach: Tailors solutions to specific client needs across various industries.

• Wide Range of Expertise: Over 250 specialized areas of expertise, serving a diverse client base.

Recent Developments

• New Partnerships and Positions:

• Brandi Reynolds has been named Co-Chair of the Blockchain Association’s Compliance Working Group, leading efforts to shape crypto compliance standards and regulatory best practices.

• News and Initiatives:

• Bates Group sponsors events such as "One Great Night" to provide industry insights and foster networking opportunities.

• Discussion and development of AI strategies as outlined in "5 Ways AI is Transforming Financial Institutions," aiming to optimize AI strategies in financial services.

• Training and Development:

• Hosted events like a CLE program focusing on crypto opportunities, demonstrating their commitment to emerging trends and educating stakeholders in the fintech space.

Conclusion

Bates Group, LLC stands out in the financial consulting space due to its strong legacy, comprehensive service offerings, and a client-first approach that emphasizes providing deep industry insights and tailor-made solutions to complex challenges in the financial services industry.