Davenport & Company LLC

Broker-DealerFINRA MemberEst. 1977

Total AUM

$24.7B

Discretionary

$23.9B

97% of AUM

Accounts

24,315

Employees

525

Advisory reps

390

Brokerage reps

358

Firm details

Headquarters: Richmond, Virginia
CRD number: 1588
Registered since: June 2, 1977
Website: www.investdavenport.com
Custodians: PERSHING LLC
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees, Commissions, Performance Based Fees, Other
Client types: HNWI56.95%
Investment Companies16.56%
Individuals15.53%
Charitable Organizations5.12%
Pooled Investment Vehicles2.75%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional ClientsPension ConsultingSelection of Other AdvisersEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Davenport & Company LLC is a broker-dealer and advisory firm that serves both individual/family and institutional clients. The firm combines broker-dealer activities, insurance brokerage and registered municipal advisor services with a broad set of advisory offerings including financial planning, discretionary portfolio management for individuals and pooled vehicles, pension consulting and adviser selection. Its fee structure is mixed — percentage of AUM, hourly and fixed fees, commissions and performance-based fees are all used depending on the engagement. The firm is not positioned as an ESG investor and operates under a conventional broker-dealer model. Its business mix indicates a hybrid model that blends execution and product distribution with fee-based portfolio and consulting work for a diverse client base.