Broker-dealer firm · Little Rock, AR
Stephens
Stephens Inc. · SEC-registered investment adviser · CRD 3496 · SEC 801-15510
At a glance
Stephens is an SEC-registered investment adviser based in Little Rock, Arkansas, with $18.0 billion in regulatory assets under management as of its Form ADV filed September 30, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 21,168 individual clients. By Form ADV it is a broker-dealer firm, ranked 47th of 391 broker-dealer firms and 935th of 17,210 SEC-registered advisers by assets.
Main office 501-377-2000stephens.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $18B
- Rank among broker-dealer firms
- #47 of 391
- Rank among all SEC RIAs
- #935 of 17,210
- Rank in Arkansas
- #1 of 57
- Individual clients
- 21,168
- High-net-worth clients
- 3,088
- Accounts
- 21,991
- Discretionary
- 77% of AUM
- Employees
- 611
- Advisory staff
- 247
- Offices
- 21
Owners and executives on its Form ADV
- Curtis Franklin Jr BradburyVice Chairman of Board
- Mark Christopher DoramusSenior Executive Vice President/cfo/secretary/treasurer
- Zoe Ann HinesExecutive VP, Assistant CFO & Controller, Designated Nyse Chief Operations Officer
- Donald Lawrence ChaneySenior Vice President and Chief Compliance Officer - Broker Dealer/investment Advisor
- Rachel Elizabeth Mondl MayoExecutive Vice President/general Counsel
- Joseph Bradford EichlerSR Exec VP, Chief Operating Officer, Director
- Warren Miles Amerine StephensCo-Chief Executive Officer
- John Calhoun StephensCo-Chief Executive Officer
- Laura Stephens BrookshireSenior Executive Vice President
Custody and brokerage
Broker-dealer
Hybrid RIA
Stephens is a hybrid RIA: 611 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Stephens Europe Limited.
- Stephens Europe Limited
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 3,088 | $10B | 56% |
| Individuals | 18,080 | $4.1B | 23% |
| Other | 338 | $2.4B | 13% |
| Corporations or other businesses | 188 | $621M | 3% |
| State or municipal government entities | 11 | $362M | 2% |
| Pension and profit sharing plans | 249 | $227M | 1% |
| Insurance companies | 15 | $123M | <1% |
| Banking or thrift institutions | 1 | $29M | <1% |
| Charitable organizations | 21 | $18M | <1% |
Disciplinary disclosures
Stephens answers yes to 6 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Commissions
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗stephens.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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- 9 namedLocked
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Background
Questions
How much does Stephens manage?
Stephens reports $18.0 billion in regulatory assets under management across 21,991 accounts, 77% of it on a discretionary basis, on its Form ADV filed September 30, 2026.
What kind of firm is Stephens?
Stephens is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Stephens’s clients?
By assets, its largest client types are high-net-worth individuals ($10.1 billion, 3,088 clients); individuals ($4.1 billion, 18,080 clients); other ($2.4 billion, 338 clients).
Does Stephens have any disciplinary history?
Stephens answers yes to 6 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Stephens’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →