AR Financier and Philanthropist Jack Stephens dies at 81 years old

July 24, 2005-Posted at 2:30 p.m. CDT

Little Rock, AR- Funeral arrangements are pending in the death of Arkansas Financier and Philanthropist Jack Stephens.

He died yesterday at his home in Little Rock.

Stephens, along with his brother, the late Witt Stephens, was one of Arkansas' richest and most powerful people.

Witt Stephens started Little Rock-based Stephens Incorporated back in 1933 and Jack, who joined the firm in 1946, built it to its peak, making it at one point the largest brokerage house with headquarters off Wall Street.

Stephens was 81 years old.

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