Stephens Inc. (Little Rock)

Name: Stephens Inc.
Address: 111 Center St, Little Rock, AR, 72201
Telephone: 501-377-2000

Stephens Inc. is a large advisory firm based in Little Rock. It manages $10.85 billion of regulatory assets for 24,727 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Stephens provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 582 clients. On top of advisory services, the firm doesn't engage in other business activities.

Stephens: assets under management

The assets under management (AUM) of Stephens Inc. is $10.85 billion. The firm's AUM has grown by 430% since the beginning of its operation, and $37.89 million of the total AUM is attributable to clients outside of the United States.

The firm manages $7.99 billion in discretionary accounts and $2.86 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $630.55 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $237.48 thousand.

Stephens has custody of $10.24 billion in cash and securities for 24,680 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stephens Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Warren Amerine Stephens serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Warren Amerine Stephens is high net worth individuals with 1,444 clients and $4.25 billion of assets under management. Among the 8 most similar advisory firms, Stephens has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $10.09 billion for 24,356 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Stephens doesn't advise any private funds.

Careers at Stephens Inc.

The company employs 666 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 271 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Warren Amerine Stephens has been acting as President since 1 Jun 1985. Donald Lawrence Chaney joined the executive team most recently as the Senior Vice President And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Craig Dobbs Campbell	Director	1 Jun 1984	Other	501640
Phillip Allen Shellabarger	Senior vice president and chief compliance officer - broker dealer	1 Mar 1985	Other	502141
Warren Amerine Stephens	President/ceo/director	1 Jun 1985	Other	1033710
Jon Eilif Mchale Jacoby	Senior executive vice president/director	1 Jun 1985	Other	256687
Stephens Holding Company	Shareholder common & preferred	1 Dec 1986	75% - 100%	71-0641124
Cecil Ray Gash	Secretary/treasurer/sr vp	1 Aug 1987	Other	729233
David Arceneaux Knight	Executive vice president/general counsel	1 May 1988	Other	1834998
Wilton Robert Stephens	Director	1 Jan 1994	Other	1863538
Curtis Franklin Jr Bradbury	Sr exec vp, chief operating officer, director	1 Apr 1995	Other	810347
Mark Christopher Doramus	Executive vice president/cfo	1 Jun 1996	Other	1888235
Zoe Ann Hines	Sr vp, assistant cfo & controller, designated nyse chief operations officer	1 Oct 1997	Other	709945
Bruce Alan Bennett	Srop & crop	1 Jan 1998	Other	1317777
Kent Layne Oots	Vice president/srop & crop	1 Sep 2000	Other	2099977
Jon Eilif Mchale Jacoby	Senior executive vice president/director/vice chairman of the board	1 Apr 2003	Other	256687
Douglas Howard Martin	Executive vice president /director	1 Dec 2003	Other	724467
Patricia Payne Vance	Investment advisor compliance officer	1 Sep 2004	Other	2054106
Zoe Ann Hines	Executive vp, assistant cfo & controller, designated nyse chief operations officer	1 Jan 2005	Other	709945
Mark Christopher Doramus	Executive vice president/cfo/secretary/treasures	1 Jan 2005	Other	1888235
Patricia Payne Vance	Vice president & investment advisor compliance officer	1 Jan 2005	Other	2054106
Mark Christopher Doramus	Senior executive vice president/cfo/secretary/treasures	1 Jan 2006	Other	1888235
Si Holdings Inc.	Shareholder common	1 Sep 2006	75% - 100%	20-5291688
Donald Lawrence Chaney	Senior vice president & chief compliance officer of investment advisor	1 Feb 2014	Other	4341765
David Cannon Prince	Senior vice president/associate general counsel, chief compliance officer of investment advisor	1 Oct 2014	Other	1636628
Donald Lawrence Chaney	Senior vice president and chief compliance officer	1 Jul 2015	Other	4341765

Indirect Owners

The SEC currently registers 28 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bess Chism Stephens	Trustee	1 Jan 1985	75% - 100%	xxx-xx-xxxx
Inc. Stephens Group	Shareholder common preferred a	1 Dec 1986	75% - 100%	71-0211822
J.T. Stephens Trust One U/I 12/11/90	Shareholder preferred b	1 Dec 1986	50% - 75%	xxx-xx-xxxx
Warren Amerine Stephens	Trustee	1 Sep 1987	75% - 100%	1033710
Jackson Thomas Stephens	Trustee	1 Jan 1988	75% - 100%	435307
J.T. Stephens Trust One U/I 12/11/1990	Shareholder common a	1 Jan 1988	25% - 50%	xxx-xx-xxxx
W.R. Stephens Trust Under Restatment Dated 10/7/88	Stephens holding company	1 Oct 1988	50% - 75%	71-6146971
Bess Chism Stephens	Trustee	1 Oct 1988	50% - 75%	2222188
Jackson Thomas Stephens	Trustee	1 Oct 1988	50% - 75%	435307
Vernon Jacob Giss	Trustee	1 Oct 1988	50% - 75%	222445
Jackson Thomas Stephens	Shareholder preferred b	1 Dec 1990	50% - 75%	xxx-xx-xxxx
Warren Amerine Stephens	Trustee	1 Dec 1990	50% - 75%	1033710
Elizabeth Stephens Campbell	Trustee	1 Dec 1991	25% - 50%	1059992
Wilton Robert Jr Stephens	Trustee	1 Dec 1991	25% - 50%	1863538
Bess Stephens Trust U/I 01/04/85	Shareholder common a	1 Feb 1993	25% - 50%	71-6152415
Bess Chism Stephens	Trustee	1 Feb 1993	25% - 50%	2222188
Jackson Thomas Stephens	Trustee	1 Feb 1993	25% - 50%	435307
Vernon Jacob Giss	Trustee	1 Feb 1993	25% - 50%	222445
Bess C. Stephens Trust U/I 01/04/1985	Shareholder preferred b	1 Feb 1993	50% - 75%	71-6152415
Bess Chism Stephens	Trustee	1 Mar 1995	75% - 100%	xxx-xx-xxxx
J.T. Stephens Trust One Under Restatement 8/29/1996	Shareholder common a	1 Aug 1996	25% - 50%	43-0321298
Bess C. Stephens Revocable Trust U/I 03/02/1995	Shareholder common a	1 Jan 1997	25% - 50%	xxx-xx-xxxx
Warren Amerine Stephens	Trustee	1 Aug 2005	75% - 100%	1033710
Warren A. Stephens Trust U/D 9/30/87	Shareholder preferred b	1 Oct 2005	50% - 75%	43-1841894
Warren Amerine Stephens	Trustee	1 Jun 2006	75% - 100%	1033710
Warren A. Stephens Revocable Trust #Two Uid 6/14/2006	Shareholder common	1 Sep 2006	75% - 100%	43-1841894
Warren A. Stephens Revocable Trust #Two Uid 6/14/2006	Membership interest	1 May 2010	75% - 100%	27-2059040
Stephens Financial Services Llc	Shareholder common	1 May 2010	75% - 100%	43-1841894

Based in Little Rock

The principal office where Stephens Inc. performs its advisory services is located at 111 Center St, Little Rock, AR 72201, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 501-377-2000 or by fax 501-377-2495. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at stephens.com/ and its LinkedIn profile.