Shelly Waters | Investment Banking | 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.

Our People

Shelly Waters

Managing Director

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Diversified Industrials & Services
Shelly Waters

Mr. Waters joined Stephens in 2020 and currently serves as a Managing Director focused on the Business Services space. He works with a variety of public, private equity-backed and founder-owned companies across the Professional Services and Commercial Services sectors. Mr. Waters has over 12 years of investment banking experience advising on buy-side M&A, sell-side M&A and capital markets transactions. Prior to joining Stephens, Mr. Waters worked in the Technology & Services group at SunTrust Robinson Humphrey. Mr. Waters began his career at KPMG where he was part of the Federal Tax group. Mr. Waters holds a B.B.A. in Accounting and Master of Accountancy from The University of Georgia and received his MBA from Emory University.