Davenport & Company LLC

Wealth Management Firm in Stafford County, VA

Firm Info
Address: 904 Princess Anne St Suite 102, Fredericksburg, VA 22401, USA
Phone: (540) 373-1863

Firm Size
Assets Under Management: $20.8 billion
# of Advisors: 195
# of Clients: 19,784
Client to Advisor Ratio: 101:1
Average Account Size: $1.1 million
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Portfolio Management Investment Company
  • Portfolio Management of Pooled Investment Vehicles
  • Portfolio Management for Businesses or Institutional Clients
  • Pension Consulting Services
  • Selection of Others Advisors
  • Publication of Periodicals or Newsletters
  • Educational Seminars & Workshops

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

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

  • Investment Companies
  • Pooled Investment Vehicles
  • Pension & Profit Sharing Plans
  • Charitable Organizations
  • State & Municipal Govt Entities
  • Insurance Companies
  • Corporations or Other Businesses Not Listed Above
  • Other

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

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Davenport & Company LLC Overview

DAVENPORT & COMPANY LLC is a well-established financial firm headquartered in Richmond, VA, with a solid 44-year history in the industry. As a fee-based registered investment advisory firm, they offer various financial services, including financial planning, portfolio management, and pension consulting services. They cater to individuals, small businesses, and institutions, providing portfolio management for multiple types, including investment companies and pooled investment vehicles. As a comprehensive financial services provider, DAVENPORT & COMPANY LLC not only generates revenue from fee-based advisory services but also from the sale of additional financial products such as insurance and other investment instruments. The firm also serves as a trust company, a broker-dealer, and a municipal advisor, offering a full suite of financial services. Aside from portfolio management and financial planning, DAVENPORT & COMPANY LLC provides investment advice and guidance, selects other advisors, and even publishes periodicals and newsletters to educate clients. They also hold seminars and workshops to give clients better insight into investment and financial matters. With such a broad range of expertise and offerings, the firm is well-equipped to guide clients to meet their financial goals.

DAVENPORT & COMPANY LLC serves a diverse range of clients including individuals, high net worth individuals, investment companies, pooled investment vehicles, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other corporation types not listed. Additionally, the firm caters to other types of clients with customized solutions to meet their unique financial needs. The fee structures available at DAVENPORT & COMPANY LLC depend on the service provided. Clients can opt for percentage of AUM fees, which is calculated as a percentage of the total assets under management. Alternatively, clients can choose from hourly fees, fixed fees, commissions, performance-based fees, and other types of fees. These bespoke fee structures are designed to accommodate the different financial requirements of clients, allowing them to receive the best possible value for money. Additionally, the firm's transparent fee model ensures that clients have clear visibility of all costs associated with services rendered.

Typical Clients, Fee Structures & Investment Minimum

According to the Part 2 Brochure of DAVENPORT & COMPANY LLC, the investment minimums vary depending on the program. The ETFAdvisor program has a minimum investment amount of $25,000. The ManagerSelect program has a minimum investment amount of $150,000, while the Portfolio Management Account program requires $100,000 as the minimum amount. The other programs such as Core Equity, Value & Income Equity, Equity Opportunities, and Fixed Income require a minimum investment of $250,000. The Blended Allocation Portfolio** program has a minimum investment amount of $500,000, while the Core Balanced program requires $400,000 as the minimum investment. The Wrap Fee Fee and/or Commission Program Minimum Initial Amount in the Flexible Managed Account II program is $50,000, and the FundAdvisor program requires a minimum investment of $35,000. DavenportOne requires a minimum investment of $500,000, and the Portfolio Review program does not mention an investment minimum. The custom Blended Allocation Portfolio** and w/individual Bonds program requires a minimum investment of $1,000,000, and the Flexible Managed Account III* (commission-only) program is no longer offered.

How This Office Can Help Stafford County, VA Residents

Davenport & Company LLC, one of the oldest independent investment banking firms in the United States, offers a wide range of investment, wealth management, and financial planning services to clients in Stafford County, VA. The company has a team of experienced financial advisors who work closely with clients to help them achieve their financial goals, whether it's saving for retirement, paying for college, or managing their assets. Clients in Stafford County, VA, may be facing various financial situations, such as starting a new business, investing in real estate, planning for retirement, or saving for their children's college education. Davenport & Company LLC provides customized solutions to meet the specific needs of each client, including portfolio management, estate planning, tax advice, and more. The firm also offers access to a wide range of investment products, including stocks, bonds, mutual funds, and alternative investments, to help clients achieve their investment objectives. With a deep knowledge of the local market and a commitment to providing exceptional service, Davenport & Company LLC is a trusted partner for clients in Stafford County, VA, looking to grow and protect their wealth.

To view the Minimum Investment and Fee Schedule for Davenport & Company LLC, visit their Part 2 Brochure.

Services Offered by Davenport & Company 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 & Company 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)
Hourly
Fixed Fees (Other than subscription)
Commissions
Performance-based Fees
Other
Unavailable
Subscription (Newsletter or Periodical)

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 904 Princess Anne St Suite 102, Fredericksburg, VA 22401, USA
Phone (540) 373-1863
Directions
Google My Business Reviews:
1 Star

Other Office Locations

Firm Headquarters
Firm headquarters location ONE JAMES CENTER, 901 EAST CARY STREET, SUITE 1100, RICHMOND, VA 23219, United States

This firm has no other locations.

State Registrations

Davenport & Company LLC is registered to service clients in the following states:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin

Disciplinary History

Davenport & Company LLC does not have any disclosures. Please visit it's Form ADV for more details.