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STEPHENS
Legal name: STEPHENS INC.
CRD 3496File 801-15510
APPROVED
Retail clients
Disclosure events
Filing as of Sep 30, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$18.04B
Top 10% of cohort (national)
Discretionary AUM
$13.83B
Non-discretionary $4.22B
Clients
21,653
21,991 accounts
Employees
611
Top 10% of cohort in AR
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- FWRO
- Registration date
- Sep 19, 1980
- Principal office
- 111 CENTER ST, LITTLE ROCK, AR, 72201
- Phone
- 501-377-2000
- Website
- HTTP://STEPHENS.COM/
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $18.04B
- Discretionary AUM
- $13.83B
- Non-discretionary AUM
- $4.22B
- Discretionary accounts
- 12,927
- Non-discretionary accounts
- 9,064
- Total accounts
- 21,991
- AUM per client
- $833K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 188 | $620.7M |
| Insurance companies | 15 | $123.1M |
| Charitable organizations | 21 | $17.6M |
| High net worth individuals | 3,088 | $10.11B |
| Banking or thrift institutions | Fewer than 5 | $29.1M |
| Pension and profit sharing plans | 249 | $226.5M |
| State or municipal government entities | 11 | $361.9M |
| Individuals (other than high net worth individuals) | 18,080 | $4.13B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Commissions
- Hourly charges
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Other
- Publications
- Financial planning services
- Selection of other advisers
- Portfolio management for other
- Portfolio management for businesses
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11- Q11
- Q11C2
- Q11C4
- Q11C5
- Q11D2
- Q11E2
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Aug 17, 2026 | Clients | 21,991 | 21,653 | decreased by338 |
| Apr 1, 2026 | Employees | 623 | 611 | decreased by12 |
| Apr 1, 2026 | Clients | 21,784 | 21,991 | increased by207 |
| Apr 1, 2026 | AUM | $16,444,534,017 | $18,044,844,233 | increased by$1,600,310,216 |
| Apr 1, 2026 | Accounts | 21,784 | 21,991 | increased by207 |
| Dec 1, 2025 vs May 1, 2025 | Clients | 21,683 | 21,784 | increased by101 |
| Dec 1, 2025 vs May 1, 2025 | AUM | $15,612,784,011 | $16,444,534,017 | increased by$831,750,006 |
| Dec 1, 2025 vs May 1, 2025 | Accounts | 21,683 | 21,784 | increased by101 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 619 | 623 | increased by4 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 21,600 | 21,683 | increased by83 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $12,430,026,407 | $15,612,784,011 | increased by$3,182,757,604 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 21,600 | 21,683 | increased by83 |
| Oct 1, 2022 | Employees | 625 | 619 | decreased by6 |
| Oct 1, 2022 | Clients | 22,311 | 21,600 | decreased by711 |
| Oct 1, 2022 | AUM | $15,108,584,523 | $12,430,026,407 | decreased by$2,678,558,116 |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “STEPHENS” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“STEPHENS” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.