We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.
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 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.
We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.
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 is the official investment banking partner of Williams Racing, one of the most winning teams in F1 history. We share that tradition of success.
We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.
We provide fiduciary investment strategies to public-and private-sector institutional clients through asset allocation, consulting, and retirement services.
Decades of proven performance and experience in providing tailored fixed income trading and underwriting services to major municipal and corporate issuers.
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.
We assist companies with accessing capital through innovative advisory and execution services that help firms achieve their strategic goals.
We have been a trusted and reliable source of capital for private companies for over 70 years.
Our experienced Private Client Group professionals develop customized investment strategies to help clients achieve their financial goals.
We are a trusted municipal advisor with proven expertise in public financings. We also work with clients in negotiated and competitive municipal underwritings.
Summary
All information on this Website is provided "AS IS" without warranty of any kind. STEPHENS INC. makes no representations, guarantees or warranties, either express or implied, as to the accuracy, completeness or timeliness of the information contained on this Website and expressly disclaims any warranties of merchantability or fitness for a particular purpose and disclaims any obligation to update or correct any information contained in this Website that may become inaccurate or dated.
By accessing this Website, you assume all of the risk associated with using it. STEPHENS INC. is not liable for any losses or harm to you and/or any third parties as a result of visiting this Website and/or the use of information obtained on this site, including but not limited to, personal or business financial losses, damage to computer hardware, software, or destruction of data due to a virus. In no event will STEPHENS INC., its affiliates, officers, directors, employees, agents, contractors, suppliers, licensors or successors be liable to you for damages of any kind, including, but not limited to, direct, special, indirect, consequential, or incidental damages arising from your use of this Website even if you notify STEPHENS INC. of such possibility.
When using this site, you agree not to use e-mail to send messages to STEPHENS INC. giving instructions about your account, including, but not limited to, any order to buy or sell any security, contract or financial instrument of any kind, to transfer funds or to transmit any other time-sensitive instructions. STEPHENS INC. will not be liable for any act or failure to act based on an e-mail message that you have sent to STEPHENS INC. You agree to assume sole responsibility for any action taken in good faith by STEPHENS INC. based upon any e-mail message received by STEPHENS INC. from you. WARNING: All e-mail sent to or from this Website address will be received or otherwise recorded by the STEPHENS INC. corporate e-mail system and is subject to archival, monitoring or review by, and/or disclosure to, someone other than the recipient.
STEPHENS INC. may from time-to-time provide "hypertext links" and/or "hyperlinks" on its website for your convenience but it has not reviewed these linked sites for accuracy of contents and makes no warranty nor assumes any responsibility for the content or use of a linked site. Your use of a linked site is at your own peril, and STEPHENS INC. assumes no responsibility or liability for any losses or adverse consequences resulting from your and/or a third party’s use of a linked site.
This Website is intended for use by residents of the United States only. Investors outside of the United States are governed by different regulations and laws that have not been included in this site. Therefore, STEPHENS INC. may request proof of citizenship from persons accessing this site.
The information contained on this Website is protected by a copyright. If you download any information from this site, you agree that you will not copy it or re-distribute it to any other person or persons or remove or conceal the copyright on such information.
Additionally, The Dow Jones Indexes (sm), to the extent available on this site, are compiled, calculated and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of The Dow Jones Indexes (sm) is owned and copyrighted by Dow Jones & Company, Inc.
Copyright© 2020, S&P Global Market Intelligence (and its affiliates as applicable). Reproduction of any information, opinions, views, data or material, including ratings ("Content") in any form is prohibited except with the prior written permission of the relevant party. Such party, its affiliates and suppliers ("Content Providers") do not guarantee the accuracy, adequacy, completeness, timeliness or availability of any Content and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such Content. In no event shall Content Providers be liable for any damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with any use of the Content. A reference to a particular investment or security, a rating or any observation concerning an investment that is part of the Content is not a recommendation to buy, sell or hold such investment or security, does not address the suitability of an investment or security and should not be relied on as investment advice. Credit ratings are statements of opinions and are not statements of fact.
Stephens Advantage Account ®, Asset Maximizer ®, Direct Broker ®, When You're in the Market for Success ® and StephensAccess (registration pending) are registered trademarks/service marks of Stephens Inc. or its affiliates.
Other brand and product names which appear on this site are the trademarks/service marks of their respective owners, including:
Certain Municipal Issuers or Conduit Borrowers have determined to participate in the auction of their own auction rate securities pursuant to recent guidance from the U.S. Securities & Exchange Commission. These Issuers/Conduit Borrowers are required to provide a notice of their intent to participate in the auction and the interest rate and amounts that they will bid for and certain other detailed bidding information. The Issuer/Conduit Borrower's interests are different from any other bondholder in that they want the lowest possible interest rate. This information will be available to you at www.dacbond.com.
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STEPHENS INC. provides electronic access to certain services and information ("Services") to you through its website. The Services include, but are not necessarily limited to, the provision of information ("Information") through the Site. STEPHENS INC. may cancel or change the Services or registration requirements at any time upon printed or electronic notice to you. Your use of the Services following the posting or notice of any changes will constitute acceptance of any such changes.
As part of the registration process, you may be asked to select a user name and password. The user name and password are for your personal use only. You shall at all times maintain the confidentiality of the user name and password and shall not disclose them to any third party. You shall be fully responsible for all statements made and acts or omissions that occur while your user name and password are being used. STEPHENS INC. shall not be responsible for any breach of security caused by your failure to maintain the confidentiality of the user name or password. You shall notify your Registered Representative at STEPHENS INC. immediately in the event of loss, theft, disclosure or unauthorized use of your user name or password. STEPHENS INC. may terminate your access to the Services in connection with unauthorized use of your user name or password or at any time without prior notice.
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If you communicate electronically by sending an e-mail message to STEPHENS INC., you shall not use e-mail for the transmission of orders to purchase or sell a security or to transfer funds or securities, or to transmit any personal credit information (including credit card numbers), to give notice of a change of address, or to give any time-sensitive instruction or any instruction affecting any account(s) at STEPHENS INC. STEPHENS INC. shall have no liability for any actions taken or any omissions to act as a result of any e-mail message sent to STEPHENS INC.
a)The Services and any Information associated with the Services are for personal, non-commercial use only. You may download the Information to your computer or other electronic data processing equipment and print out a hard copy for personal reference and use by you only. You shall never remove any copyright or other notices contained on any such Information.
b) You acknowledge that the Services and the Information are the property of STEPHENS INC. or of third-parties that have supplied or licensed information to Stephens Inc. and are protected by applicable copyright, patent, trademark or other intellectual property law. Except as expressly authorized herein, you shall not reproduce, transmit, sell, display, distribute, publish, broadcast, circulate, modify, disseminate, or commercially exploit any of such Information or any of the Services provided in any manner (including electronic, print or other media now known or hereafter developed) without the prior written consent of STEPHENS INC. You shall not use the Information or Services for any unlawful purpose. You shall comply with any request made by STEPHENS INC. for the purpose of protecting rights in the Information and Services.
c) Although the Information includes material about the investment process generally as well as research commentary relating to specific securities, STEPHENS INC. does not intend to provide investment advice through the Site, does not represent that any such securities are suitable for you or for any particular person and does not through this Site recommend the purchase, sale or holding of any securities mentioned in the Information. Any rating assigned by STEPHENS INC. to any security represents STEPHENS INC.'s analysis as of the date of the rating assignment of the likely future performance of the security, and does not constitute a recommendation or guaranty of any kind regarding the actual subsequent market performance of such security. You shall make an independent evaluation of the investment merits and suitability of any such securities for your particular situation. Such Information shall not be deemed to be a solicitation of a transaction by STEPHENS INC. or any other person.
The research analyses included in the Information contained on the Site reflects the authors' analyses as of the date written. The accuracy, completeness or timeliness of any Information contained on the site cannot be guaranteed and is subject to change. Further, the price for any security contained in any section of the Site may differ from the then-current price for that security. STEPHENS INC. shall have no obligation to update the Information to reflect circumstances that may occur after the earlier of the date first appearing on the Site or the date contained on the Information. Neither the Services nor any of the Information is intended to be used as tax or legal advice. You shall consult with your tax and legal advisors for such advice and shall not rely on any Information at the Site.
d) In the event any of the Services or any links included on the Site provide access to any World Wide Web site or Internet location or provide information obtained from any company, organization or person other than STEPHENS INC., or any access to any other Internet location, you acknowledge and agree that STEPHENS INC. shall not be responsible for any such information or for any information found in or at any such World Wide Web site or Internet location or source of information, or for your use of such information. Such information and links, if any, are provided only as a convenience and not as a result of any endorsement of the site or its contents by STEPHENS INC. There are inherent risks in the use of any software or information found on the Internet, all of which risks are assumed fully by you by making any use of the Services.
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This Agreement and all the terms herein shall be governed by and construed in accordance with the laws of the State of Arkansas without giving effect to principles of conflicts of law.
Resale and/or any commercial redistribution of the Services or Information is not permitted. Your rights and obligations under this Agreement may not be assigned without the prior written permission of STEPHENS INC.
STEPHENS INC. may modify this Agreement at any time upon written notice or posting to the Site. If you use the Services (or any of them) after such notification of changes in the Agreement, you shall be bound by all such changes. Should any term or provision of this Agreement be deemed or held to be invalid or unenforceable, the remaining terms and provisions shall continue in full force and effect.
STEPHENS INC.'s failure to insist at any time upon strict compliance with any term of this Agreement, or any delay or failure on STEPHENS INC.'s part to exercise any power or right given to STEPHENS INC. in this Agreement, or a continued course of such conduct on STEPHENS INC.'s part, or any combination of the foregoing shall at no time operate as a waiver of such power or right, nor shall any single or partial exercise preclude any other future exercise. All rights and remedies of STEPHENS INC. in this Agreement are cumulative and not exclusive of any other rights or remedies which STEPHENS INC. otherwise has at law or equity.
You hereby agree to indemnify and hold harmless STEPHENS INC. and all of its directors, officers, employees, control persons, vendors, contractors, suppliers, licensors and agents from and against any and all claims, losses, liabilities, damages, costs and expenses (including reasonable attorney's fees and costs) arising out of or related to your breach of agreements, representations and warranties contained in this Agreement or the use of the Services or Information under your user name or password (i) in violation of this Agreement, (ii) in violation of any rights of STEPHENS INC. or any other person indemnified hereunder, including (but not limited to) copyright, patent, trade secret, trademark, or other intellectual property rights and publicity and privacy rights, or (iii) in violation of any applicable law, rule or regulation, or (iv) in violation of your agreement to maintain the security of your user name and password in accordance with the Agreement. This indemnification shall be binding upon you and your executors, heirs, successors and assigns.
You may access additional information through the accompanying links, subject to these conditions: Such information was not prepared by STEPHENS INC. and is not subject to the control of STEPHENS INC. STEPHENS INC. shall have no liability for any loss or damage resulting in any manner from such information or from any access to, or use of, such information, whether as to its accuracy, timeliness, currency, sequence, display, usefulness, completeness, suitability for any purpose or otherwise, including (but not limited to) any losses arising from any investment transaction made on the basis of any such information.
Quicken is a registered trademark of Intuit Inc., which is not associated or related to Stephens Inc. Stephens is making this service available as a convenience to you. It is not your official account statement or tax reporting document. For those purposes, please refer to your statements and tax forms that are mailed to you from us.
All information downloaded from StephensAccess is provided "AS IS" without warranty of any kind. STEPHENS INC. makes no representations, guarantees or warranties, either express or implied, as to the accuracy, completeness or timeliness of the information and expressly disclaims any warranties of merchantability or fitness for a particular purpose and disclaims any obligation to update or correct any information that may become inaccurate or dated.
By downloading this information, you assume all of the risk associated with using it. STEPHENS INC. is not liable for any losses or harm to you and/or any third parties as a result of use of information downloaded including but not limited to, personal or business financial losses, damage to computer hardware, software, or destruction of data due to a virus. In no event will STEPHENS INC., its affiliates, officers, directors, employees, agents, contractors, suppliers, licensors or successors be liable to you for damages of any kind, including, but not limited to, direct, special, indirect, consequential, or incidental damages arising from your use of this information even if you notify STEPHENS INC. of such possibility.
Stephens Inc. ("Stephens") is furnishing this document to you to provide some basic facts about purchasing securities on margin, and to alert you to the risks involved with trading securities in a margin account. Before trading stocks in a margin account, you should carefully review the margin agreement provided by Stephens. Contact your financial consultant regarding any questions or concerns you may have with your margin account(s).
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from Stephens. If you choose to borrow funds, you will open a margin account with Stephens. The securities purchased are Stephens' collateral for the loan to you. If the securities in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, Stephens can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with Stephens, in order to maintain the required equity in the account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:
You can lose more funds than you deposit in the margin account. A decline in the value of securities that are purchased on margin may require you to provide additional funds to Stephens to avoid the forced sale of those securities or other securities or assets in your account(s).
Stephens can force the sale of securities or other assets in your account(s). If the equity in your account falls below the maintenance margin requirements or Stephens' higher "house" requirements, Stephens can sell the securities or other assets in any of your accounts held at Stephens to cover the margin deficiency. You also will be responsible for any shortfall in the account after such sale.
Stephens can sell your securities or other assets without contacting you. Some investors mistakenly believe that Stephens must contact them for a margin call to be valid and that Stephens cannot liquidate securities or other assets in their accounts to meet the call unless Stephens has contacted them first. This is not the case. Stephens will attempt to notify its customers of margin calls, but we are not required to do so. However, even if Stephens has contacted a customer and provided a specific date by which the customer can meet a margin call, Stephens can still take necessary steps to protect its financial interests, including immediately selling the securities without notice to the customer.
You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. Because the securities are collateral for the margin loan, Stephens has the right to decide which security to sell in order to protect its interests.
Stephens can increase its "house" maintenance margin requirements at any time and is not required to provide you advance written notice. These changes in Stephens' policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Stephens to liquidate or sell securities in your account(s).
You are not entitled to an extension of time on a margin call. While an extension of time to meet margin requirements may be available to customers under certain conditions, a customer does not have a right to the extension.