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Capital managers: as usual, Stephens is Arkansas' largest investment house.

More than 700 firms are registered with the state Securities Department.

But just more than 30 are based in the state.

Stephens Inc. of Little Rock, with 253 brokers, is the largest investment firm in Arkansas. That, of course, is no surprise. It has been the case for years.

Stephens has 140 more brokers than the firm that is second, A.G. Edwards & Sons Inc. A.G. Edwards is the largest out-of-state firm with operations in Arkansas. It has 113 brokers and offices in 17 Arkansas cities. A.G. Edwards is based in New York with more than 4,000 brokers nationwide.

Stephens reported $43 million in net capital, the highest of all Arkansas-based firms. Llama Co. of Fayetteville had the second-highest net capital at $25 million.

Securities dealers must maintain a specified amount of net capital in relation to indebtedness, based on a formula established by the Securities and Exchange Commission. Ratios and methods of computation vary.

TABULAR DATA OMITTED

Almost Made The List

Four Little Rock brokerage firms just missed the list. They are:

* Arkansas-based Equity Capital Corp. of Little Rock with 10 brokers.

* Arkansas-based RPM Land Sales of Little Rock with seven brokers.

* New York-based Prudential Securities Inc.'s Little Rock office with 41 brokers.

* New York-based PaineWebber Inc.'s Little Rock office with 18 brokers.
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Title Annotation:Stephens Inc.; Warren Stephens.
Author:Gibson, Carolyn
Publication:Arkansas Business
Article Type:Company Profile
Date:Jan 27, 1992
Words:219
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