Lyman Wray | Public Finance | Stephens | Stephens

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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

Lyman Wray

Senior Vice President

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Lyman Wray

Mr. Wray joined Stephens in 2008 in the firm’s Atlanta, Georgia, office. He has more than 20 years of banking experience working with both municipal and corporate issuers. Mr. Wray has participated as banker or financial advisor in 164 transactions with a par amount of almost $3.6 billion for issuers in Georgia, Florida, South Carolina and North Carolina. His experience includes various sectors including governmental, healthcare, non-profit, transportation, secondary education, higher education and housing. Prior to Stephens, Mr. Wray was a Director at Wachovia Securities and a Principal at Legg Mason Wood Walker, Inc. He currently serves on the Board of Directors of the Municipal Advisory Council for the Carolinas. Mr. Wray holds a BS degree from the University of South Carolina and is a registered Municipal Advisor Representative, Municipal Securities Principal, a Uniform State Law Securities Agent and a General Securities Representative.


Team Members

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