Davenport & Company LLC
Assets Under Management
$22.5B
Number of Clients
16,512
Number of Advisors
325
Average Client AUM
$1.4M
AUM per Advisor
$69.2M
Compensation
Commission-BasedFee-Only (AUM)Fixed/Hourly
About This Firm
Davenport & Company LLC, established in 1863, provides asset management, retail brokerage, fixed income, public finance, and investment banking services. The Investment Advisory Division offers Davenport Asset Management (DAM) programs and Financial Advisor Managed programs tailored to individual needs. DAM manages separate accounts for various entities and serves as advisor to six mutual funds.
Fee Structure
Davenport's fees vary based on the account type and cost option selected (wrap fee, fee and/or commission). Fees are generally charged quarterly. The financial planning fee is based on a tiered service level structure, ranging from $500 to $10,000. Minimum account sizes vary by program. Clients may also incur charges related to mutual funds, ETFs, and other pooled investment vehicles. There is a $150 annual account fee, which may be negotiable or waived. Fees and commissions may be discounted or negotiated in some instances.
Areas of Practice
Location
One James Center, 901 East Cary Street, Suite 1100, Richmond, VA, 23219