Stephens

Registered investment adviser · Little Rock, AR · CRD #3496

Form ADV data as of 2026-09-01

Regulatory assets

$18.04 billion

Total accounts

21,991

Employees

611

Disclosure events

Firm details

Website: https://apps.apple.com/us/app/stephens-events/id1480282538
Telephone: 501-377-2000
SEC file number: 801-15510
Most recent Form ADV filing: 2026-08-11
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 5 disclosure questions answered Yes, covering 6 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a violation of investment-related regulations or statutes
A self-regulatory organization found a violation of its rules

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$13.83 billion
Non-discretionary regulatory assets under management	$4.22 billion
Total regulatory assets under management	$18.04 billion
Discretionary accounts	12,927
Non-discretionary accounts	9,064
Total accounts	21,991
Regulatory assets under management attributable to non-U.S. persons	$22.8 million

People

Total employees (excluding clerical)	611
Employees performing investment advisory functions (including research)	247
Employees who are registered representatives of a broker-dealer	611
Employees registered as investment adviser representatives with a state	247
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	137
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
Client funds and securities held in the firm's custody	$0
Clients for whom the firm has custody	0
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	1

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)CommissionsPerformance-based fees

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Publication of periodicals or newslettersEducational seminars/workshops

Other business activities

Broker-dealer (registered or unregistered)Registered municipal advisor

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Registered municipal advisorInsurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys securities from or sells securities to advisory clients (principal transactions)
Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Receives soft dollar benefits
Provides employee compensation specifically for obtaining clients
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	18,080	$4.13 billion
High net worth individuals	3,088	$10.11 billion
Banking or thrift institutions	1	$29.1 million
Pension and profit sharing plans (not the participants or government plans)	249	$226.5 million
Charitable organizations	21	$17.6 million
State or municipal government entities (including government pension plans)	11	$361.9 million
Insurance companies	15	$123.1 million
Corporations or other businesses not listed above	188	$620.7 million
Other	338	$2.43 billion