Stephens Inc. is a private, independent financial services firm located in Little Rock, Arkansas.
Stephens is one of the largest investment banking companies outside New York City. The company specializes in initial public offerings, mergers, acquisitions, public financing, institutional stock and bond trading, insurance brokerage, equity research, and asset management. The chairman and chief executive officer of the company is Warren Stephens.
The company was founded in 1933 by W. R. Witt Stephens. He was joined in 1946 by brother Jack Stephens. Jack's son Warren became chief executive officer in 1986. Stephens Inc. financed the initial public offerings of J.B. Hunt Transportation and Wal-Mart Stores, and the growth of Tyson Foods.
The firm is headquartered at 111 Center Street in Little Rock.