Public Finance Management & Investment Banking | Stephens

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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.

Leadership

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 bettering the communities where we live and operate. We do this by supporting corporate philanthropy, economic and financial literacy advocacy, and professional success.

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.

Stephens & Atlassian Williams Racing

Stephens is the official investment banking partner of Williams Racing, one of the most winning teams in F1 history. We share that tradition of success.

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.

Expertise

Education

Stephens can help finance education projects for K-12, colleges, and universities—including facility upgrades, classroom technology, student housing, and resources for teachers and staff.

Healthcare

Stephens can help finance medical facility projects, tech upgrades, and accessibility improvements for hospitals, including single specialty, general acute care, and children’s hospitals.

Public Safety

Stephens can help finance Public Safety projects supporting first responders, including fire, police, EMT services, and correctional facilities, to enhance emergency response and public protection.

Recreation

Stephens can help finance recreation projects of all sizes—parks, arenas, convention centers, and more—to enhance community life at city, county, and state levels.

Transportation

Stephens can help finance transportation projects of all sizes—from crosswalks to airports—supporting commerce and community connection through roads, bridges, railways, ports, and more.

Utilities

Stephens can help finance utility projects—water, sewer, electric, broadband, and more—supporting essential services with a solutions-focused approach to ESG risks for community infrastructure.

Public Finance

Over 90 years of working with municipal bonds.

Stephens public finance has a long history of offering underwriting and municipal advisory services for public projects. We are a proven advisor to the communities where we live and work. As an independent, family-owned company, at Stephens our focus is on the needs of our clients in the communities they serve.

We provide capital raising solutions to municipal issuers across the southern United States.

Public entities and institutions choose Stephens for our in-depth understanding of strategies for issuing tax-exempt and taxable debt. Several of our bankers have held local and state-level positions with cities, counties, school districts and hospitals. We see things from both an issuer’s and underwriter’s perspective.

What We Do

Underwriting

We apply our deep expertise at managing the pricing process, and leverage our large distribution network, to help issuers access capital for projects in alignment with their long-term strategic goals.

Municipal Advisory

We serve in a fiduciary capacity to design and structure transactions. This encompasses assisting with the selection of bond underwriters, advising on the method of sale, conducting cash flow and refunding analyses, and more.

Who We Partner With

School Districts

Municipalities

Local Government Agengies

State-level Agencies

Areas of Expertise

Education

K-12 public schools, community colleges, and universities

Utilities

Energy, telecoms, water and sewer, sanitation, and flood control projects

Transportation

Roads, bridges, tunnels, railways, airports, and parking

Healthcare

Single specialty, general acute care, and children’s hospitals

Recreation

Parks, stadiums, convention centers, fitness and community centers

Public Safety

Fire departments, police departments, EMT, and correctional facilities

Three public finance bankers conducting a meeting.

“Our reputation is our most important asset. Each banker works to create innovative solutions for issuers that address their unique circumstances. With the full scope of our resources and our capital strength, Stephens adds value for our clients. As a privately-held, family-owned firm, we are not distracted by competing external considerations. We remain focused on acting on our client’s behalf.”

Leigh Ann Biernat, CPA, Executive Vice President, Head of Public Finance

$110 B
deal volume *2004-2024
Top 5
In sales and use tax issues sold nationwide *Calendar year 2023; Source: LSEG
0
Outside shareholders. We are family-owned and independent.

Our Public Finance Perspectives