DAVENPORT & COMPANY LLC

Broker-DealerFINRA MemberEst. 1977

Total AUM

$24.7B

Discretionary

$23.9B

97% of AUM

Accounts

24,315

Employees

525

Advisory reps

389

Brokerage reps

358

Firm details

Headquarters: RICHMOND, Virginia
CRD number: 1588
Registered since: June 2, 1977
Website: www.investdavenport.com
Custodians: PERSHING LLC
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees, Commissions, Performance Based Fees, Other
Client types: HNWI56.95%
Investment Companies16.56%
Individuals15.53%
Charitable Organizations5.12%
Pooled Investment Vehicles2.75%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional ClientsPension ConsultingSelection of Other AdvisersEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Davenport & Company LLC is a long-established broker-dealer and wealth management firm (SEC-registered since 1977) that serves both individuals/families and institutional clients. The firm operates as an LLC and combines brokerage, insurance distribution and municipal advisory work with advisory services that include financial planning, discretionary portfolio management for individuals, pooled vehicles and institutions, pension consulting, manager selection and educational programs. Its fee arrangements are varied — percentage of AUM, hourly and fixed fees, commissions, performance fees and other structures are all in use. The firm’s snapshot indicates it does not market itself as an active ESG investor and is not identified as a multi-state adviser in the filing summary.