Public Finance Management & 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.

Public Finance

Achieving Client Success "The Stephens Approach"

Alfred Ray, Vice President in Public Finance discusses why "The Stephens Approach," focused on achieving the best financing possible for our clients, is a key differentiator. From iconic venues such as the Louisiana Superdome, to vital institutions including the Arkansas Children’s Hospital, and even to small-town elementary schools in Texas, Stephens’ commitment is steadfast.

Since 1933, we have provided access for public and non-profit entities to meet their capital needs.

Featured Transactions

Stephens served as sole manager on the Development Authority of the Unified Government of Athens-Clarke County's $60.31 million bond issue. Proceeds from the bonds will loaned to by the Authority to the Athletic Association for additions and improvements to Sanford Stadium on the campus of the University of Georgia in Athens.

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Stephens served as sole manager on Arkansas Children's Hospital's $128.15 million bond issue. Proceeds from the bonds will be used to make improvements on the campus of the Hospital and will include approximately 193,050 square feet of new finished space, approximately 6,150 square feet of new shell space and approximately 118,500 square feet of renovated space.

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Stephens served as senior manager on the underwriting of bonds for La Porte Independent School District. These funds will be used for the construction and renovation of the school buildings including the new Bulldog stadium.

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Our Perspectives