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Stephens Inc. (Little Rock)


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.

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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. Hourly charges are usually charged for consulting work and special projects. 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.


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