Stephens Investment Banking is an independent full-service investment and financial advisory firm. Stephens' practice areas include investment banking, capital management, private equity, capital raising, investment advisory services, public finance, retirement plan services, and insurance. The Firm's investment banking unit offers guidance on capital raising, mergers & acquisitions, and private equity. The Firm's clients include companies from automotive, communications, distribution, electronics, energy services, financial services, franchising, healthcare services, IT, insurance, life science, marine, media, medical products, software, technology hardware, test/measurement equipment, and transportation sectors. Stephens Investment Banking was formed in 1933 and is based in Little Rock, Arkansas.