Davenport Watts & Drake Investment Advisors, LLC

Retirement Planning Firm in Madison, MS

Firm Info
Address: 234 W School St, Ridgeland, MS 39157, USA
Phone: (601) 898-8069

Firm Size
Assets Under Management: $119.7 million
# of Advisors: 3
# of Clients: 332
Client to Advisor Ratio: 111:1
Average Account Size: $360,466
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans
  • Corporations or Other Businesses Not Listed Above

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Fixed Fees (Other than subscription)
  • Commissions

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Davenport Watts & Drake Investment Advisors, LLC Overview

DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC is a fee-based investment advisory firm that has been providing financial planning and portfolio management services since 2022. They are headquartered in Ridgeland, MS, and specialize in serving both individuals and small businesses. As an insurance broker/agent, the firm provides investment advice to clients and helps them manage their investments in a way that aligns with their financial goals. The firm's fee arrangement model enables them to earn a fee from their clients rather than earning commissions on products they recommend. This approach aligns their interests with their clients' interests, as they aim to grow their clients' wealth by providing insightful investment advice. DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC offers a range of services that include financial planning and portfolio management. Their financial planning services help clients understand their current financial position and develop a plan to achieve their long-term financial goals. They also provide portfolio management services that help clients to invest their funds while ensuring that their risks are appropriately managed. Overall, DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC is a reputable investment advisory firm that specializes in providing investment advice to individuals and small businesses. Their fee-based model, along with their financial planning and portfolio management services, make them a trusted partner for anyone looking to achieve their financial goals.

DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC caters to a wide range of clientele. Their clients primarily consist of individuals who are looking for investment advice and management services. They also serve high net worth individuals who require more specialized services. In addition, they provide consultation to pension or profit sharing plans as well as other types of corporations. When it comes to fee structures, DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC offers different options depending on the type of service provided. One option is a percentage of assets under management (AUM), where clients pay a fee based on the total value of their investment portfolio. Another option is a fixed fee, where the client pays a set amount for the services provided. Finally, the firm also offers commission-based fees for certain types of investments. These different fee structures accommodate the diverse needs and preferences of their clients.

Typical Clients, Fee Structures & Investment Minimum

According to DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC's Part 2 Brochure, there is no mention of an investment minimum.

How This Office Can Help Madison, MS Residents

As a financial advisor, Donald W Perkins offers a range of services to help his clients in Howard County, MD navigate their financial goals and challenges. Specifically, he assists clients with retirement planning, investment management, and estate planning. This is particularly crucial in a county like Howard, where the cost of living is high and many residents may be saving for retirement or looking to maintain a certain standard of living in their later years. Perkins works with clients to assess their current financial situation, identify their goals, and develop a customized plan to help them achieve those goals. He can provide guidance on investment strategies, tax planning, and insurance options, among other services. With his expertise and knowledge of the financial landscape, Perkins helps clients in Howard County make informed decisions that can have a positive impact on their financial future.


Services Offered by Davenport Watts & Drake Investment Advisors, LLC

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Davenport Watts & Drake Investment Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Fixed Fees (Other than subscription)
Commissions
Unavailable
Hourly
Subscription (Newsletter or Periodical)
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 234 W School St, Ridgeland, MS 39157, USA
Phone (601) 898-8069
Directions
Google My Business Reviews:

Other Office Locations

This firm has no other locations.

State Registrations

Davenport Watts & Drake Investment Advisors, LLC is registered to service clients in the following states:

  • Florida
  • Louisiana
  • Mississippi

Disciplinary History

Davenport Watts & Drake Investment Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.

FREQUENTLY ASKED QUESTIONS

Retirement Planning FAQs