Stephens Inc.: 'Caring approach' | Arkansas Blog

Thursday, October 21, 2010

Stephens Inc.: 'Caring approach'

Posted By on Thu, Oct 21, 2010 at 8:54 AM

Stephens Inc. and its CEO Warren Stephens are featured prominently in a New York Times article today about asset management. Stephens is depicted as a provider of a "caring approach" to wealth management.


Advisers in this camp say they manage money as if it were their own. Their approach is less flashy by design than others, and they go beyond the issue of fiduciary responsibility of registered investment advisers, they say.

One large firm using this approach is Stephens Inc., a privately held bank run by Warren Stephens, founded by his uncle in 1933 and later run by his father. The firm’s claim to fame is having brought Wal-Mart public in 1970; it added the wealth-management division in 2001.

In the last three years, Mr. Stephens says, he has added 25 advisers, for a total of 107, and with them clients who fit the Stephens ethos: people who want stability with steady growth. “We’re not immune to our clients’ portfolios being down somewhat,” Mr. Stephens said. “We’ve benefited from the real and perceived stability of our firm.”

The wealth management division now manages $7 billion, the same amount it managed before the recession.

Tags: , ,


Sign up for the Daily Update email
Favorite

Comments (10)

Showing 1-10 of 10

Add a comment

 
Subscribe to this thread:
Showing 1-10 of 10

Add a comment

More by Max Brantley

  • The Mondo Trumpe open line

    A world of the dogs? Check out Trump's latest poll ratings.
    • Jul 22, 2018
  • University pay ranking puts UA System chief at 57

    The Chronicle of Higher Education recently released its survey of pay of top public and private university leaders in 2016-17. Donald Bobbitt, president of the University of Arkansas System, checked in at No. 57 on the list of 251 public university leaders.
    • Jul 22, 2018
  • Winds, race and an open line

    The open line includes power outages, Republicans and racism.
    • Jul 21, 2018
  • More »

Readers also liked…

Most Viewed

Most Recent Comments

  • Re: The Mondo Trumpe open line

    • jim,That increased to 4-60 in the 70's

    • on July 22, 2018
  • Re: The Mondo Trumpe open line

    • They used to call the kind of air-conditioning your father experienced, 4-40, NVR. Four Windows…

    • on July 22, 2018
  • Re: The Mondo Trumpe open line

    • As an interesting side note in relation to early air car conditioning, my dad had…

    • on July 22, 2018

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation