Davenport & Company LLC logo

Davenport & Company LLC

Updated today

Client assets under management

$17,900,867,567

Clients

16,855

34% high-net-worth

Advisors

331

of 525 employees

Firm type

Enterprise

300-3,000 advisors or >$30B in AUM

Clients per advisor

51

Low

Average account size

$1,062,051

About

Davenport serves a mix of individual and institutional clients, including banks, investment companies, pension and profit-sharing plans, ERISA accounts, trusts, estates and corporations. The firm provides asset management, retail brokerage, fixed income and public finance, investment banking and advisory services, model-delivery advisory services to third-party platforms, investment consulting, and financial planning, and it acts as advisor to several proprietary mutual funds.

Investment programs are delivered through distinct strategies and managed-account options — for example Core Leaders, Value & Income, Equity Opportunities, ETFAdvisor, FundAdvisor, ManagerSelect, and DavenportOne — with portfolio manager teams supported by an Investment Policy Committee that meets regularly. Davenport implements discretionary and non‑discretionary solutions, uses individual bonds and ETFs in its fixed-income work, offers manager-of-managers access via Vestmark, and provides model portfolios to Platform Providers that are implemented on a non-discretionary basis.

Several operational and business features distinguish Davenport from many peers: the firm operates as both an SEC-registered adviser and a registered broker‑dealer with public-finance and municipal underwriting activity, maintains a clearing relationship with Pershing that includes shared revenue arrangements and a multi‑year clearing agreement, and its advisors continue to sell insurance and other third‑party financial products and receive commissions in certain account types. The brochure also discloses that Davenport manages private funds with performance-based fees and has addressed municipal-related regulatory matters in prior SEC and FINRA actions.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers Educational seminars or workshops

Expertise

Options & derivatives strategies Tax-loss harvesting Active portfolio management

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Fee options

Fixed

Financial Planning fees based on tiered service levels with maximum fees from $250 (Single Topic Analysis) up to $10,000 (Tier 5).

Percentage

$0 - $1,000,000: 1.50% (Wrap Fee for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation) $1,000,000 - $5,000,000: 1.25% (Wrap Fee for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation) $5,000,000+: 1.00% (Wrap Fee for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation) $0 - $1,000,000: 0.75% (Fee and/or Commission for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation) $1,000,000 - $5,000,000: 0.50% (Fee and/or Commission for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation) $5,000,000+: 0.30% (Fee and/or Commission for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation) $0 - $1,000,000: 1.25% (Wrap Fee for ETFAdvisor and FundAdvisor) $1,000,000 - $5,000,000: 1.00% (Wrap Fee for ETFAdvisor and FundAdvisor) $5,000,000+: 0.75% (Wrap Fee for ETFAdvisor and FundAdvisor) $0 - $1,000,000: 1.50% (Wrap Fee for DavenportOne) $1,000,000 - $5,000,000: 1.25% (Wrap Fee for DavenportOne) $5,000,000+: 1.00% (Wrap Fee for DavenportOne) $0 - $1,000,000: 2.50% (FMA I Fee-only for Equities, Fixed Income, Cash and Money Market Funds) $1,000,000 - $5,000,000: 2.50% (FMA I Fee-only for Equities, Fixed Income, Cash and Money Market Funds) $5,000,000+: 2.00% (FMA I Fee-only for Equities, Fixed Income, Cash and Money Market Funds) $0 - $1,000,000: 2.00% (FMA II Fee and/or Commission for Equities, Fixed Income, Cash and Money Market Funds) $1,000,000 - $5,000,000: 2.00% (FMA II Fee and/or Commission for Equities, Fixed Income, Cash and Money Market Funds) $5,000,000+: 2.00% (FMA II Fee and/or Commission for Equities, Fixed Income, Cash and Money Market Funds) $0 - $1,000,000: 1.50% (Wrap Fee for ManagerSelect) $1,000,000 - $5,000,000: 1.25% (Wrap Fee for ManagerSelect) $5,000,000+: 1.00% (Wrap Fee for ManagerSelect) $0 - $250,000: 1.50% (Wrap Fee for Portfolio Management Account) $250,000 - $1,000,000: 1.25% (Wrap Fee for Portfolio Management Account) $1,000,000 - $2,000,000: 1.00% (Wrap Fee for Portfolio Management Account) $2,000,000+: 0.75% (Wrap Fee for Portfolio Management Account) $0 - $250,000: 1.25% (Fee and/or Commission for Portfolio Management Account) $250,000 - $1,000,000: 1.00% (Fee and/or Commission for Portfolio Management Account) $1,000,000 - $2,000,000: 0.75% (Fee and/or Commission for Portfolio Management Account) $2,000,000+: 0.50% (Fee and/or Commission for Portfolio Management Account) $0 - $200,000: 0.50% (Fee and/or Commission for Portfolio Review) $200,000 - $1,000,000: 0.25% (Fee and/or Commission for Portfolio Review) $1,000,000+: 0.10% (Fee and/or Commission for Portfolio Review) $0+: 1.25% (Fee and/or Commission for Davenport Managed Assets Program) $0 - $1,000,000: 1.00% (Wrap Fee for Donor Advised Program: Core Leaders, Value & Income, Equity Opportunities) $1,000,000+: 0.75% (Wrap Fee for Donor Advised Program: Core Leaders, Value & Income, Equity Opportunities) $0+: 0.75% (Wrap Fee for Donor Advised Program: FundAdvisor, ETFAdvisor, and Charitable Allocation Strategies) $0 - $1,000,000: 0.40% (Wrap Fee Fixed-Income Only Accounts for Donor Advised Program) $1,000,000 - $5,000,000: 0.30% (Wrap Fee Fixed-Income Only Accounts for Donor Advised Program) $5,000,000+: 0.20% (Wrap Fee Fixed-Income Only Accounts for Donor Advised Program) $0 - $1,000,000: 1.00% (Flexible Retirement Account Consulting standard asset based fee on first $2,000,000) $2,000,000 - $4,000,000: 0.75% (Flexible Retirement Account Consulting standard asset based fee on next $2,000,000) $4,000,000 - $5,000,000: 0.60% (Flexible Retirement Account Consulting standard asset based fee on next $1,000,000) $5,000,000+: 0.40% (Flexible Retirement Account Consulting standard asset based fee on next $5,000,000)

Commissions

Fee and/or Commission and Commission Only cost options available; commissions charged on securities transactions, minimum commission typically $85, negotiable.

Project-based

Investment Consulting fees may be hourly, fixed, percentage of assets under consultation, or a combination, negotiated per client.

Performance-based

Performance-based incentive fees charged by Private Funds managed by Davenport employees; not charged to individual advisory client accounts.

Other

Account minimum: $25,000 Minimum fee: $40 minimum fee or rebate applied for intra-quarter deposits or withdrawals of $50,000 or more, prorated fees charged or refunded accordingly. Fee-only: Flexible Managed Account I Fee-only with tiered rates: 2.50% for first $5 million, 2.00% above $5 million on equities and fixed income; 2.00% flat on mutual funds and UITs.

Main office location

Davenport & Company LLC

One James Center, 901 East Cary Street, Suite 1100

Richmond VA 23219, United States

Number of offices

30

Most active in

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 · Wyoming

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

George A

Series 63, Series 65

Williamsburg, VA

Davenport & Company LLC

George Askew is a financial advisor at Davenport & Company LLC in Williamsburg, VA, with 44 years of industry experience. He has been with Davenport & Company since 1990 and holds Series 63 and Series 65 designations. Davenport & Company LLC is a privately held, employee-owned firm that provides investment management and brokerage services to individual and institutional clients. The firm offers a range of services including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning, utilizing multiple investment strategies managed by dedicated portfolio teams.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Raymond G

CFP®, Series 63, Series 65

Harrisonburg, VA

Davenport & Company LLC

Raymond Gay Jr. is a CFP® professional with 20 years of industry experience, currently serving as a financial advisor at Davenport & Company LLC since 2021. His prior roles include positions at Fiduciary Wealth Management, Private Advisor Group, LPL Financial, CapFinancial Securities, and Rogers Financial. He also serves as a board member for New Creation VA, a nonprofit organization. Davenport & Company LLC is a privately held, employee-owned firm offering investment management and brokerage services to individual and institutional clients. The firm provides a range of services including asset management, retail brokerage, public finance, investment banking, and financial planning, with investment decisions made by dedicated portfolio manager teams supported by an Investment Policy Committee.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Elizabeth B

Series 66

Richmond, VA

Davenport & Company LLC

Elizabeth Brown is a financial advisor at Davenport & Company LLC with three years of industry experience. She holds a Series 66 designation and previously worked at Altria in various roles from 2018 to 2022, as well as at NuMark, LLC from 2015 to 2018. Davenport & Company LLC is a privately held, employee-owned firm offering investment management and brokerage services to individual and institutional clients. The firm provides a range of services including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning, delivered through multiple investment strategies and regularly reviewed by specialized teams and committees.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Courtney O

Series 63, Series 66

Richmond, VA

Davenport & Company LLC

Courtney Orensky is a financial advisor with Davenport & Company LLC in Richmond, VA, holding Series 63 and Series 66 licenses and bringing 25 years of industry experience. She has been with Davenport & Company since 1999 and its related entity Ia Davenport & Company LLC since 2000. Davenport & Company LLC is a privately held, employee-owned firm offering investment management and brokerage services to individual and institutional clients. The firm provides a variety of services including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning through multiple investment strategies and specialized management teams.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

William B

Series 63, Series 65

Lynchburg, VA

Davenport & Company LLC

William Barksdale IV is a financial advisor at Davenport & Company LLC in Lynchburg, VA, holding Series 63 and Series 65 licenses with 45 years of industry experience. He has been with Davenport & Company LLC since 1997. Davenport & Company LLC is a privately held, employee-owned firm providing investment management and brokerage services to individual and institutional clients, including banks, pension plans, trusts, and non-profit organizations. The firm offers a range of services including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning, utilizing various strategies managed by dedicated portfolio teams and committees.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Carl R

CFP®, Series 63, Series 65

Richmond, VA

Davenport & Company LLC

Carl Ramsey is a Certified Financial Planner (CFP®) with 22 years of industry experience. He has been with Davenport & Company LLC since 2008. Davenport & Company LLC is a privately held, employee-owned firm that provides investment management and brokerage services to individual and institutional clients, including banks, pension plans, trusts, and nonprofit organizations. The firm offers a broad range of services such as asset management, financial planning, and public finance, with investment decisions made by dedicated portfolio manager teams supported by an Investment Policy Committee.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Amanda S

Series 63, Series 65

Richmond, VA

Davenport & Company LLC

Amanda St John is a financial advisor with Davenport & Company LLC in Richmond, VA. She holds Series 63 and Series 65 licenses and has 20 years of industry experience, all with Davenport since 2006. Davenport & Company LLC is a privately held, employee-owned firm providing investment management and brokerage services to individual and institutional clients. The firm offers a broad range of services including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning through various account types and strategies managed by specialized teams and committees.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Amanda M

Series 66

Richmond, VA

Davenport & Company LLC

Amanda Meeker is a financial advisor at Davenport & Company LLC in Richmond, VA. She holds a Series 66 designation and has been with Davenport since 2024. Prior to joining the firm, her experience includes positions as a student and a role at Carney's. Davenport & Company LLC is a privately held, employee-owned firm that provides investment management and brokerage services to individual and institutional clients. The firm offers a wide range of services including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning, with investment decisions made by dedicated portfolio manager teams supported by an Investment Policy Committee.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Tyler C

Series 63, Series 66

Richmond, VA

Davenport & Company LLC

Tyler Clark is a financial advisor at Davenport & Company LLC in Richmond, VA, holding Series 63 and Series 66 licenses with three years of industry experience. Prior to joining Davenport in 2022, he worked at Envestnet MoneyGuide for six years. Davenport & Company LLC is a privately held, employee-owned firm providing investment management and brokerage services to individual and institutional clients. The firm offers a broad range of services including asset management, retail brokerage, public finance, investment banking, and financial planning, with investment decisions supported by dedicated portfolio manager teams and specialized committees.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Harry B

Series 63, Series 65

Richmond, VA

Davenport & Company LLC

Harry Beadell is a financial advisor at Davenport & Company LLC with 52 years of industry experience. He holds Series 63 and Series 65 licenses and has been with Davenport & Company since 1991. Davenport & Company LLC is a privately held, employee-owned firm that provides investment management and brokerage services to individual and institutional clients. The firm offers a range of services including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning, with investment decisions made by dedicated portfolio manager teams supported by an Investment Policy Committee.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Kelsey B

Series 66

Richmond, VA

Davenport & Company LLC

Kelsey Bottoms is a financial advisor at Davenport & Company LLC in Richmond, VA, holding a Series 66 designation with seven years of industry experience. She has been with Davenport & Company since 2017, with a brief period outside the firm in 2018. Prior to her advisory role, she was employed at Pocahontas State Park and attended Virginia Tech. Davenport & Company LLC is a privately held, employee-owned firm providing investment management and brokerage services to individual and institutional clients. The firm offers a broad range of services, including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning, utilizing various strategies managed by dedicated portfolio teams and committees.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Christopher P

CFA®, Series 66

Richmond, VA

Davenport & Company LLC

Christopher Pearson is a CFA® charterholder with 19 years of industry experience. He has been with Davenport & Company LLC in Richmond, VA since 2006. He serves as a director of The Pearson Family Foundation, where he has a limited role in investment decision-making. Davenport & Company LLC is a privately held, employee-owned firm that provides investment management and brokerage services to individual and institutional clients. The firm offers a range of services including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning, utilizing dedicated portfolio teams and multiple investment strategies tailored to client objectives.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Coleman W

Series 63, Series 65

Richmond, VA

Davenport & Company LLC

Coleman Wortham III is a financial advisor at Davenport & Company LLC in Richmond, VA, holding Series 63 and Series 65 licenses with 56 years of industry experience. He has been with Davenport & Company since 1969. Wortham serves as a trustee of the Children’s Hospital Foundation and is a director of Green Tops Sporting Goods, a hunting and sporting goods store. Davenport & Company LLC is a privately held, employee-owned firm that provides investment management and brokerage services to individual and institutional clients. The firm offers a range of services including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning, delivered through multiple strategies and tailored client solutions.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Bradley W

Series 63, Series 65

Farmville, VA

Davenport & Company LLC

Bradley Watson is a financial advisor with Davenport & Company LLC in Farmville, VA, holding Series 63 and Series 65 licenses and bringing 32 years of industry experience. He has been with Davenport & Company since 1993. Outside of his advisory role, he serves as chairperson for the Prince Edward County Industrial Development Authority and is a board member and investor in a local radio station. Davenport & Company LLC is a privately held, employee-owned firm that provides investment management and brokerage services to individual and institutional clients. The firm offers a range of services including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning, with investment strategies managed by dedicated portfolio teams and supported by multiple specialized committees.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
user avatar

Steven F

Series 63, Series 65

Virginia Beach, VA

Davenport & Company LLC

Steven Freeman is a financial advisor at Davenport & Company LLC with 39 years of industry experience. He holds Series 63 and Series 65 credentials and previously worked at Scott & Stringfellow, Inc. and Bb&T Securities, LLC. Freeman serves as treasurer for the Surf Beach Club and is a board member of the Judeo Christian Outreach Center. Davenport & Company LLC is an employee-owned firm providing investment management and brokerage services to individual and institutional clients. The firm offers a range of services including asset management, retail brokerage, fixed income, public finance, investment banking, and financial planning, with investment decisions made by portfolio manager teams supported by an Investment Policy Committee.

Options & derivatives strategies Tax-loss harvesting Active portfolio management
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