Stephen Behnke is a director in the Lake Oswego office of Bates Group, where he uses his extensive fixed income securities and retail brokerage experience to consult and to testify on matters involving suitability, sales practices, supervision, branch office administration, employment issues, Registered Investment Advisory matters and complex securities including auction rate securities and alternative investments. Before joining 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. There, he was responsible for all fixed income trading for Presidio's high net worth clients. While at Presidio, Mr. Behnke was responsible for all operations functions for the broker dealer and investment advisory businesses. In addition, he served on the firm's investment committee which oversaw investment manager and hedge fund selection and oversight.
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 client account aggregation and performing reporting, compliance and sales supervisory related matters, facilities, systems, policies and procedures, risk mitigation, client complaints, business and employment contracts and other legal matters.
While at Banc of America Securities, Mr. Behnke served on the Investment Management Committee for their wrap program which included multiple non-affiliated hedge fund managers. Mr. Behnke also was instrumental in launching the firm’s own fund-of-funds offerings, the BAS Montage Fund. Also, while at BAS Mr. Behnke managed the Private Client Department, whose customers were significant and frequent investors in hedge funds and private equity.
While at Montgomery Securities, Mr. Behnke started the fixed income business and managed Montgomery’s Corporate Cash Management business which grew to approximately 125 clients with AUM of nearly $4 billion. He was responsible for all new client development, portfolio management and monthly performance reporting to clients as well as providing fixed income portfolio management and brokerage services to the firm’s high net worth clients.
LECG, Director, 2009-2011
Presidio Financial Partners, LLC, San Francisco, CA, Managing Director, Head of Operations, 2005-2008
Banc of America Securities, San Francisco, CA, Managing Director, Co-Head Private Client Department, 1999-2005
Montgomery Securities Private Client Department, San Francisco, CA, Managing Director, 1991-1999
Wiatrak-Behnke Capital Management, San Francisco, CA, Managing Director, Partner, 1990-1991
MG Trading, San Francisco CA, Senior Vice President, Trader, 1988-1989
Crocker National Bank, San Francisco, CA, Senior Vice President, Investment Department, 1979-1989
Security Pacific National Bank, Los Angeles, CA, Vice President, Investment Department, 1972-1979
Arizona State University, Tempe, Arizona, BS, Economics
University of Wisconsin, Madison, WI
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
Private Placement Offerings – Obligations of Issuers, Selling Agents and Investors. (co-authored with Alex Russell), SIFMA Thought Leadership Library, April 2014
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