Davenport & Company LLC

Broker-DealerFINRA Member

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 wealth advisory organized as an LLC and SEC-registered in 1977. The firm serves individual and family clients as well as institutional clients, offering a mix of brokerage, insurance placement, and municipal advisory services alongside advisory services. Its advisory capabilities include financial planning, portfolio management across individuals, pooled vehicles and institutions, pension consulting, manager selection, and educational seminars. The firm uses a variety of fee arrangements (percentage of AUM, hourly, fixed fees, commissions and performance fees) and does not position itself as a capital allocator. Davenport is not flagged as an active ESG investor.