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At a Glance


"Stephens takes care of its employees"


Somewhat "good ole boy" culture

About Stephens Inc.

Finance whizzes

Little Rock, Ark.-based Stephens Inc. operates through eight main units: investment banking, public finance, private equity, research, capital management, insurance, wealth management, and institutional sales and trading.
Stephens’ investment banking team focuses on small- and middle-market mergers and acquisitions advisory.  Its industry expertise includes aerospace and defense, building products and construction services, business services, consumer and retail, financial services, health care and life sciences, information technology, power and energy solutions, telecommunications and media, and transportation and logistics.

Stephens has been active in public finance since its beginning in 1933.  Its financing efforts typically involve governments, schools, utilities, housing authorities, not-for-profit organizations, industrial development and health care organizations.

The firm’s award-winning equity research division covers about 300 stocks in the aerospace and defense, consumer, financial services, health care, industrial, IT, technology and transportation sectors.  Its analysts have been honored in Institutional Investor’s All-American Research poll and The Wall Street Journal’s annual Best on the Street ranking.

Stephens Capital Management (SCM) has been a registered investment advisor since 1982, and currently supervises portfolios of equity and fixed-income assets worth over $3 billion.  Through Stephens Insurance, the firm provides personal and business insurance solutions.  The firm also offers wealth management (including a full-service private client group), and institutional sales and trading.

Family values

In 1933, at the height of the Great Depression, W.R. (Witt) Stephens formed a firm to buy up cheap Arkansas bonds.  Stephens paid 10 cents on the dollar for the devalued bonds, held them until the state’s economy came back to life a few years later, and sold them at a handsome profit.  Witt’s brother Jack joined the family business in 1946 and served as CEO from 1956 to 1986.  He also joined Witt in investment ventures through a family holding company now known as SF Holding Corp.  Upon his retirement, Jack handed the reins to his son Warren A. Stephens, who has remained at the helm since then. 

Jack Stephens died in 2005, triggering reorganization within the family.  Witt, Jr. and Elizabeth Stephens Campbell sold their interest in Stephens Inc., the investment bank, to their cousin Warren, who now holds 100 percent of its stock.

Stephens Inc.

111 Center St.
Little Rock, AR 72201
Phone: (501) 377-2000

Firm Stats

Employer Type: Private
Chairman, President & CEO: Warren A. Stephens
2010 Employees (All Locations): 980