# Stephens Group Asset Management

Stephens Group Asset Management is a Bank / Wealth / Trust based in Little Rock, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Little Rock, United States
- **Region:** North America
- **Address:** 100 River Bluff Drive, Suite 220, Little Rock, AR 72202, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** sgassetmgt.com
- **LinkedIn:** https://www.linkedin.com/company/stephens-group-asset-management-llc

## Regulatory record

- **CRD number:** 288981
- **SEC file number:** 801-111747
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-27T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/288981

## About

Stephens Group Asset Management (SGAM) was founded in 2017 by Witt Stephens, Jr. and Elizabeth Campbell alongside Alan and Bill Tedford. The roots trace back to 1966, when Bill Tedford joined Stephens Inc. as its first stockbroker. He later built and managed the firm's fixed-income and equity divisions, while Alan joined in the 1990s and eventually co-developed the all-ETF strategy that SGAM formalized. The RIA emerged as an independent vehicle to serve the Stephens family and external clients under a fiduciary standard, leveraging the Tedfords' institutional portfolio-management DNA. SGAM's core strategy, branded Optimized Portfolio Strategy, relies on proprietary index blends built with ETFs to construct customized client portfolios spanning asset classes including fixed income, equities, and alternative allocations. The firm serves individuals, trusts, corporations, and retirement accounts, adding non-discretionary retirement plan advisory services in 2019. Its investment approach deliberately avoids single-security selection or direct private-equity exposure, instead emphasizing asset-allocation discipline and cost efficiency through indexed vehicles. Relevant sectors include Private Credit, Real Estate, Hedge Funds, and Secondaries & Special Situations as accessed through ETF and fund structures, with a client base concentrated in the United States. SGAM does not disclose its assets under management or total deployment figures. It operates from a single office in Little Rock, Arkansas, at 100 River Bluff Drive. The team is led by Managing Partner Alan Tedford, supported by the foundational presence of Bill Tedford and the ongoing capital and oversight of the Stephens family's co-founders. In 2019, SGAM expanded its service scope to include non-discretionary retirement plan advisory work, which marked the last publicly disclosed structural evolution. No additional adjacency vehicles, external club memberships, or philanthropic structures are disclosed. SGAM's structural differentiator is its multi-decade, two-family operating alliance converted into a fiduciary RIA. Unlike most wealth managers who build client books through broad prospecting, SGAM was purpose-built around a single, deeply embedded relationship between the Stephens family — a prominent Arkansas financial dynasty — and the Tedford family's investment team. That origin produced a firm that markets an institutional investment program developed inside Stephens Inc. but now dispensed independently, a rare governance setup that blends single-family office heritage with an open-client advisory model.

## Sectors

- Private Credit
- Real Estate
- Hedge Funds
- Secondaries & Special Situations

## People

- Witt Stephens, Jr. — Co-Founder
- Elizabeth Campbell — Co-Founder
- Alan Tedford — Managing Partner
- Bill Tedford — Co-Founder

## Questions

### Does the firm invest in private equity or venture capital directly?

SGAM's disclosed approach avoids direct private-equity or venture-capital investing. Its Optimized Portfolio Strategy constructs client portfolios using proprietary blends of ETFs and index vehicles, targeting broad asset-class exposure rather than single-security selection or privately negotiated deals. The firm does not market any direct-investment capability or in-house private-asset vehicles.

### How is the firm related to Stephens Inc.?

SGAM operates independently from Stephens Inc., though it traces its lineage directly to that firm. Bill Tedford joined Stephens Inc. as its first stockbroker in the 1960s and later ran its fixed-income and equity divisions. His son Alan joined in the 1990s, and together they developed the ETF-based strategy inside Stephens Inc. before spinning it out as SGAM in partnership with Stephens family members Witt Stephens, Jr. and Elizabeth Campbell.

## Related profiles

- [Stephens Consulting](https://altss.com/profile/stephens-consulting)
- [Stephenson and Company](https://altss.com/profile/stephenson-and-company)

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Last updated: 2026-06-03T20:00:00.000Z

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