Stephens Spectrum 401(k) | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Capital Management

Stephens Spectrum 401(k)

Stephens Spectrum Aligns Client Goals with Retirement Strategies

It’s Time for a Smarter 401(k)

For millions of Americans, 401(k) plans are a vital component of their retirement planning. Yet for many plan sponsors, 401(k) plans represent a financial and administrative burden. Fees and expenses are high and have increased over time, and changing regulatory and reporting requirements can strain a sponsor organization’s operations. At the same time, actively managed mutual funds frequently underperform their benchmark.

Employees face their own challenges. While they value a 401(k) plan as an important benefit, they are frequently unqualified to make important investment decisions. Clearly, the time for a smarter 401(k) solution has arrived.

The Spectrum Solution

As an independent asset management firm focused on results, we designed the Stephens Spectrum 401(k) Program as the solution for today’s realities. Spectrum’s focus on asset allocation aligns participant goals with investment strategy. By investing exclusively in index funds – Exchange Traded Funds (ETFs) and Index Mutual Funds, collectively called Index Funds, Spectrum delivers consistent performance at a lower cost. A simplified platform, Spectrum is easy for sponsors to manage and easy for participants to understand.

To simplify the asset allocation decision for plan participants, Spectrum has created 10 asset allocation portfolios of Index Funds that reflect specific risk and return objectives. Employees can easily compare these portfolios and choose the one that reflects their risk tolerance and lifestyle considerations. Closely monitored by Stephens Capital Management’s investment professionals, these 10 asset allocation portfolios offer diversification with exposure to a mix of asset classes, including domestic equities and bonds, international equities and bonds, and cash and cash equivalents.

A Turnkey Retirement Solution

In addition to lowering costs and simplifying the 401(k) process, Spectrum has alliances with Third Party Administrators (“TPA’”) that can lighten the administrative load on sponsors, from conversion through ongoing monitoring and reporting.


Stephens’ retirement specialists will work with TPAs in various aspects of the process of onboarding Spectrum.

Communication and Enrollment

Our team of investment adivsors works with sponsors to explain Spectrum to their employees, leveraging in-person presentations, if appropriate, and comprehensive, customized enrollment kits. TPAs offer daily participant access through a voice response system or via an online portal.


TPA’s provide complete plan administration services, including compliance testing, daily valuations and custodial services.

Updates and Reviews

We provide to the Plan’s investment committee market and fund evaluations and commentary each quarter for sponsors, and quarterly fund performance updates for plan participants. To ensure that Spectrum continues to meet the sponsor’s goals, we offer annual reviews designed to assess if the current plan design still meets the sponsor’s needs, discuss legislative and regulatory changes, and evaluate investment performance.