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Stephen J. Behnke

Stephen J. Behnke

Stephen Behnke is a Bates Testifying Expert, where, for twelve years he has he has used his extensive fixed income securities, alternative investment and retail brokerage experience to consult and  testify on matters involving suitability, sales practices, supervision, branch office administration, employment issues, Registered Investment Advisory matters and complex securities including auction rate securities, private equity, private equity fund and hedge fund investments. Before joining the Bates Group, Mr. Behnke was a Director with LECG and Bates Private Capital Incorporated, a firm providing litigation consulting, financial analysis, market trend research, and expert witness testimony for securities and other financial-related matters.

Prior to joining the LECG and Bates Private Capital, Mr. Behnke was a partner and managing director of Presidio Financial Partners a boutique broker dealer and investment advisory firm located in San Francisco. He supervised all operations functions for their broker dealer and investment advisory businesses. In addition, he provided fixed income advice to brokerage clients and served on the firm's investment committee which oversaw third-party investment manager and hedge fund selection.

Mr. Behnke served on Banc of America Securities Executive Management Committee and co- managed the Private Client Department that provided brokerage, investment advisory and investment consulting services to high net worth clients. He was responsible for all account performance reporting, compliance and sales supervisory related matters, policies and procedures, client complaints, business and employment contracts and other legal matters.

While at Banc of America Securities, Mr. Behnke served on the Investment Management Committee which researched and selected non-affiliated hedge fund managers for inclusion in their wrap program. Mr. Behnke also was instrumental in launching the firm’s own hedge fund-of-funds offering, the BAS Montage Fund. Mr. Behnke as manager of the Private Client Department, was responsible for supervising sales practices.

While at Montgomery Securities, Mr. Behnke managed the retail fixed income brokerage and Corporate Cash Management Investment Advisory businesses. He was responsible for client development, portfolio management and monthly performance reporting to clients as well as providing fixed income portfolio advise and brokerage services to the firm’s high net worth clients.

Stephen is a consultant and subject matter expert in these Practice Areas and Services:

Credentials

EXPERIENCE

Bates Group LLC, LECG, 2009 – Present; Testifying Expert, 2021 – Present; Director, 2009-2021

Presidio Financial Partners, LLC, Managing Director, Head of Operations and Fixed Income, San Francisco, CA, 2005-2008

Banc of America Securities, Managing Director, Co-Head Private Client Department, San Francisco, CA, 1999-2004

Montgomery Securities Private Client Department, Managing Director, San Francisco, CA, 1992-1999

Wiatrak-Behnke Capital Management, Managing Director, Partner, San Francisco, CA, 1990-1992

MG Trading, Senior Vice President, Trader, San Francisco CA, 1988-1989

Crocker National Bank, Senior Vice President, Investment Department, San Francisco, CA, 1979-1988

Security Pacific National Bank, Vice President, Investment Department, Los Angeles, CA, 1972-1979

EDUCATION

Bachelor of Science (BS), Economics, Arizona State University, Tempe, AZ
University of Wisconsin, Madison, WI

PROFESSIONAL LICENSES

NASD Series 3 Commodity and Futures

NASD Series 7 General Securities Representative

NASD Series 9 Sales Supervision – Options

NASD Series 10 Sales Supervision – General

NASD Series 24 General Securities Principal

NASD Series 53 Municipal Securities Principal

NASD Series 63 Uniform Securities Agent

NASD Series 65 Uniform Investment Advisor

PUBLICATIONS

Private Placement Offerings – Obligations of Issuers, Selling Agents and Investors. (co-authored with Alex Russell), SIFMA Thought Leadership Library, April 2014

Contact Bates Group

Bates Group is with you every step of the way. Contact us today for more information on how our End-to-End Solutions can help your firm.