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Article: Stephens Inc. down by 112 stockbrokers since last year.(List Overview)(Industry Overview)
- Article from:
- Arkansas Business
- Article date:
- September 29, 2003
- Author:
CopyrightCOPYRIGHT 2003 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MOST OF THE BROKERAGE firms in Arkansas lost stockbrokers in 2003.
The largest decline in stockbrokers was seen at Stephens Inc. of Little Rock, which lost 112 registered representatives since September 2002, falling from 515 to 403 in September.
Still, Stephens has 106 more agents than the No. 2 firm, Edward Jones, and the No. 3 firm, A.G. Edwards, combined according to this year's Arkansas Business list of the state's largest broker-dealers.
The number of each firm's registered representatives were supplied by the firms.
Stephens spokesman Frank Thomas said the loss of agents is tied to the Stephens loss of managing a mutual fund, ...