Scott Fidel | Healthcare Dive | 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 Businesses

Capital Management

We provide fiduciary investment strategies to public-and private-sector institutional clients through asset allocation, consulting, and retirement services.

Fixed Income Sales & Trading

Decades of proven performance and experience in providing tailored fixed income trading and underwriting services to major municipal and corporate issuers.

Institutional Equities and Research

Proven industry-leading research, global market insights, and client-focused execution.


Customized risk management, property & casualty, executive strategies and employee benefits solutions that protect our clients over the long term.

Investment Banking

We assist companies with accessing capital through innovative advisory and execution services that help firms achieve their strategic goals.

Private Capital

We have been a trusted and reliable source of capital for private companies for over 70 years.

Private Wealth Management

Our experienced Private Client Group professionals develop customized investment strategies to help clients achieve their financial goals.

Public Finance

We are a trusted municipal advisor with proven expertise in public financings. We also work with clients in negotiated and competitive municipal underwritings.

Back to News
Institutional Equities and Research

Molina, Elevance, Centene win big with Medicaid contracts in California | Healthcare Dive

Aug 29, 2022

Stephens analyst Scott Fidel estimated that Molina could add about 1.4 million members while Centene could lose about 1.2 million, mostly due to the loss of its Los Angeles business. “While the company’s most significant Medi-Cal win in LA County still faces some competitor appeals, (Molina) is confident it will be awarded the full business, embedding its contribution in the 2024 premium revenue target of $37+ billion,” Fidel said in a research note.

See All News

A Tale of Two Insurance Markets: Oil, Gas Outlook on Rates Differ for P&C, D&O | Oil & Gas Investor

Institutional Equities and Research

Why Home Health Payment Uncertainty Could Lead To More Strategic M&A | Home Health Care News

Investment Banking

Stephens Appoints Joe Mowery Head of Investment Banking Dealership Practice; Ross Rucker to Lead Power and Industrial Practice