eCommission Financial Services, Inc. | 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.

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Financial Advisor

eCommission Financial Services, Inc.

Value Not Disclosed 08/29/2017 Technology, Media & Telecom Complete
Financial Sponsors
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Transaction Details

  • On August 29, 2017, an investment fund affiliated with Lightyear Capital LLC completed the acquisition of eCommission Financial Services, Inc., a portfolio company of Milestone Partners
  • eCommission is a pioneer in the real estate commission factoring industry, having financed nearly $1 billion in commission advances since its founding in 1999
  • Today, eCommission utilizes proprietary technology and an online delivery model to maximize the speed, transparency and reliability of each transaction
  • Stephens Inc. acted as exclusive financial advisor to eCommission in the transaction

About the company

About eCommission:

Headquartered in Austin, TX, eCommission is the most established company in the real estate commission factoring industry. eCommission utilizes proprietary technology and an online delivery model to purchase commissions from real estate agents / brokers to help them better manage their business cash flow. eCommission enjoys alliances with most national real estate brands and provides its services throughout the U.S. For more information, please visit

About Milestone Partners:

Milestone Partners is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower middle market businesses. Milestone pursues companies in tech-enabled services, software, financial services and technology-driven manufacturing sectors. Based in suburban Philadelphia, Milestone was founded in 1995 and is currently investing in new platforms out of its fourth fund. For more information, please visit

About Lightyear Capital:

Lightyear Capital is a financial services-focused private equity firm based in New York, NY. Lightyear Capital, through its affiliated private equity funds, makes primarily control investments in North America-based, middle-market financial services companies. Lightyear Capital targets investments across the financial services spectrum, including asset management, banks, brokerage, financial technology, insurance and specialty finance. For more information, please visit

Sources: Transaction Press Releases.
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