Davenport Watts & Drake Investment Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$156,412,845
Clients
208
13% high-net worth
Advisors
3
of 3 employees
Firm type
Supported
1-3 advisors or $200M+ in AUM
Clients per advisor
69
HighAverage account size
$751,985
About
Davenport Watts & Drake provides personalized financial planning and discretionary investment management to individuals, small businesses, qualified retirement plans, trusts and charitable organizations, managing roughly $157 million for a few hundred clients. Its service set includes retirement and estate planning, cash flow and tax planning, investment management, and insurance review.
The firm emphasizes strategic asset allocation, diversification and periodic rebalancing with a long-term, tax-aware perspective, primarily implementing portfolios with no‑load mutual funds and exchange‑traded funds. Investment policy statements are documented for each client, accounts are managed on a discretionary basis, and periodic reviews are provided with additional reviews triggered by material events.
Distinctive among peers, the firm maintains licensed insurance professionals on staff and discloses having received commissions from prior insurance placements, while stating it does not accept compensation for the sale of securities. It generally bills asset‑based fees that are deducted through custodians, and it does not vote proxies on client securities unless specifically requested.
Client services
Expertise
Fee options
Financial plans priced according to complexity; no hourly planning services; no flat fee specifics given.
$0 - $1,000,000: 1.00% annually $1,000,001+: 0.75% annually
Account minimum: $50,000 Fee-only: Fees based on percentage of assets under management as per tiered schedule; financial plans priced by complexity; all fees negotiable.
Main office location
Davenport Watts & Drake Investment Advisors, LLC
234 W. School Street
Ridgeland MS 39157, United States
Number of offices
1
Most active in
Alabama · Florida · Georgia · Louisiana · Mississippi · Tennessee · Washington
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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