Davenport &: AUM & Ownership

Clients

Davenport & serves 17,724 clients, 5,667 of them high-net-worth individuals. The average client has about $1.4 million with the firm, and high-net-worth clients hold 57% of its $24.7 billion in assets.

Regulatory assets by client type

Individuals11,188 clients16%
High-net-worth individuals5,667 clients57%
Investment companies1 clients17%
Pooled investment vehicles3 clients3%
Charitable organizations595 clients5%
OtherPension and profit-sharing plans, State or municipal government entities, Insurance companies, Corporations and other businesses, Other3%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	11,188	$3,835,154,192	15.5%	$343K
High-net-worth individuals	5,667	$14,065,713,375	56.9%	$2.48M
Investment companies	1	$4,089,877,437	16.6%	$4.09B
Pooled investment vehicles	3	$679,538,093	2.8%	$226.5M
Pension and profit-sharing plans	114	$322,431,037	1.3%	$2.83M
Charitable organizations	595	$1,264,421,416	5.1%	$2.13M
State or municipal government entities	4	$69,371,009	0.3%	$17.3M
Insurance companies	3	$26,846,967	0.1%	$8.95M
Corporations and other businesses	98	$223,091,143	0.9%	$2.28M
Other	51	$122,590,016	0.5%	$2.40M
Total	17,724	$24,699,034,685	100%	$1.39M

Individuals (other than HNW)

Clients: 11,188
Regulatory AUM: $3,835,154,192
Share: 15.5%
Avg. per client: $343K

High-net-worth individuals

Clients: 5,667
Regulatory AUM: $14,065,713,375
Share: 56.9%
Avg. per client: $2.48M

Investment companies

Clients: 1
Regulatory AUM: $4,089,877,437
Share: 16.6%
Avg. per client: $4.09B

Pooled investment vehicles

Clients: 3
Regulatory AUM: $679,538,093
Share: 2.8%
Avg. per client: $226.5M

Pension and profit-sharing plans

Clients: 114
Regulatory AUM: $322,431,037
Share: 1.3%
Avg. per client: $2.83M

Charitable organizations

Clients: 595
Regulatory AUM: $1,264,421,416
Share: 5.1%
Avg. per client: $2.13M

State or municipal government entities

Clients: 4
Regulatory AUM: $69,371,009
Share: 0.3%
Avg. per client: $17.3M

Insurance companies

Clients: 3
Regulatory AUM: $26,846,967
Share: 0.1%
Avg. per client: $8.95M

Corporations and other businesses

Clients: 98
Regulatory AUM: $223,091,143
Share: 0.9%
Avg. per client: $2.28M

Other

Clients: 51
Regulatory AUM: $122,590,016
Share: 0.5%
Avg. per client: $2.40M

Total

Clients: 17,724
Regulatory AUM: $24,699,034,685
Share: 100%
Avg. per client: $1.39M

What it does

Davenport & provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers and educational seminars. It is paid through a percentage of assets, hourly charges, fixed fees, commissions, performance-based fees and other arrangements.

Davenport & provided financial planning to 2,500 clients last fiscal year and advises 3 private funds.

96.9% of assets ($23.93B across 23,906 accounts) are managed with discretion; $769.7M across 409 accounts are not. $20.31B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 84 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks61%
- Exchange-traded equities60%
- Non-exchange-traded equities1%
Funds28%
- Registered funds15%
- Pooled vehicles13%
Bonds5%
- Investment grade corporate bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
Cash6%

Custodians

Davenport &’s client accounts are held mainly at Pershing, with 80% of managed assets. Davenport & has custody of $5.69B for 5,359 clients.

Managed account assets by custodian

PershingPershing LLC · Jersey City, NJ · $19.73B80%
All other custodians$4.97B20%

Ownership and leadership

Davenport & Co. of Virginia owns 25% to 50% of Davenport &.

Who owns the firm

Davenport & Company LLC· the adviser

Davenport & Co. of Virginia,
Control person · since March 1997
Owns 25% to 50% of Davenport & Company LLC
Davenport & Co. of Virginia, Inc
Control person · since March 1997
Owns 25% to 50% of Davenport & Company LLC
Davenport Corp.
Control person · since March 1997
Owns 25% to 50% of Davenport & Company LLC
Dava Corp.
Control person · since March 2001
Owns 25% to 50% of Davenport & Company LLC
Davenport IV, Inc
since May 2016
Owns 10% to 25% of Davenport & Company LLC

Leadership

Irving Lee IV Chapman
President, CEO, Director
Alison Sanders Crowder
Chief Compliance Officer - Ia
Jonathan Aubrey Stratton
Chief Compliance Officer-BD
John Paul IV Ackerly
Director
Sean James Allburn
Director
David Charles Anderson
Director
Hylah Boyd Ballowe
Director
William Randolph IV Barksdale
Director
Kevin George JR Boll
Director
JR. Brigulio
Director
Edward Trigg JR Brown
Director
William D II Capshaw
Director
Shane M Cason
Director
Edward Fiscus III Cole
Director
James Edward Crawley
Director
Richard Edward III Dolan
Director
Leavenworth McGill II Ferrell
Director
Frederick Gordon Fram
Chief Administrative Officer,
Steven Russell Freeman
Director
Maureen Ann Gallihugh
Director
John Robert Gansman
Director
Harrison Moncure Geho
Director
Robert A Gragnani JR
Director
Kenneth Stuart Gregory
Director
Heather Blackston Hall
Director
Harry Wayne III Hamilton
Director
William Robertson Beverley Hershey
Director, CFO, FINOP and Principal Financial Officer
William Robertson Beverley Hershey
Director, CFO, FINOP and
Lucy Williams Hooper
Director
Virginia Wortham Kehlenbeck
Director
Roland Marion JR Kooch
Director
Kyle A Laux
Director
Joseph Anthony III Lombard
Director
Audrey Lunsford McCray
Director
Jon Taylor McElhaney
Director
Robert Francis Mizell
Director
Jeffrey Floyd Omohundro
Director
Richard Gaillard Owen
Director
Joseph Walter Paucke
Director
Christopher Glenn Pearson
Director
John Anthony Piscitelli
Director
David Joseph Posner
Director
Jeffrey David Potter
Director
Thomas Winston Price
Director
Grayson Bishop Prillaman
Director
Peter Lawrence Reuss
Director
Ann Minornuckols Richmond
Director, Treasurer, and Principal Operations Officer
Courtney Edward Rogers
Director
David Peter Rose
Director
Nathaniel H Rullman
Director
James Edward Sanderson
Director
Tammy Rene Severt
Director
George Levin Smith
Director
Geoffrey Adam Sulanke
Director
Timothy Stewart Taylor
Director
Edin NMN Terzimehic
ROSFP
Henry Lee III Valentine
Director
Eugene Massie JR Valentine
Director
Aric Norman Wagner
Director
Bradley Lawrence Watson
Director
Ten Eyck Thompson Wellford JR
Director
James William III Whelen
Director
Robert Howard Wise
Director
Coleman III Wortham
Chairman, Director
Coleman Wortham
Director
Armistead C IV Young
Director

Staff

525 employees
228 in advisory functions
332 state-registered reps
358 broker-dealer reps
221 insurance agents
1 soliciting firm

Reported holdings

Davenport &’s reported 13F holdings total $20.35B across 1,356 positions, and the ten largest make up 18.3% of it.

$20.35B
Reported 13F value: 1,356
Positions: 18.3%
In the 10 largest: +10.7%
Value vs. prior quarter

Ten largest positions, share of reported value

Amazon Com Inc.2.3%
Apple Inc.2.1%
Brookfield Corp. · CL A Ltd VT SH2.0%
Markel Group Inc.2.0%
Nvidia Corporation2.0%
Microsoft Corp.1.9%
Berkshire Hathaway Inc. Del · CL B New1.7%
State Str SPDR S&P 500 ETF T · TR UnitPut1.7%
Alphabet Inc. · Cap Stk CL A1.4%
Vanguard Index Fds · S&P 500 ETF Shs1.3%

Together, the ten largest are 18.3% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 13 July 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $20.35B is not its $24.70B in regulatory assets and does not represent any individual client's portfolio.

Fees

Davenport & is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees), commissions, performance-based fees and other.

Davenport &’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Davenport & has 29 offices (4 private residences, listed without an address), with 22 listed addresses across 2 states.

Listed office addresses by state

Virginia · 19 listed addresses

One James Center, 901 East Cary Street, Suite 1100, RichmondHQ
477 Viking Drive, Virginia Beach
11827 Canon Boulevard, Newport News
315 Libbie Ave, Richmond
10 Franklin Road Se, Roanoke
153 West Main Street, Abingdon
21 Carpenter Lane, Harrisonburg
202 S Lewis Street, Suite 201, Staunton
1104 Commerce Street, Lynchburg
904 Princess Anne Street, Fredericksburg
101 North Main Street, Farmville
141 Technology Park Drive, Kilmarnock
126 E. Main Street, Marion
114 W 2nd Ave, Franklin
165 Holt Garrison Pkwy, Danville
915 East High Street, Charlottesville
330 West Constance Road, Suffolk
5400 Discovery Park BLVD, Williamsburg
101 W. Main Street, Norfolk

Other business names

Davenport & has reported 2 other business names to the SEC.

Davenport Asset Management
Davenport Financial Advisors

Registration details

Legal name: Davenport & Company LLC
Headquarters: One James Center, 901 East Cary Street, Suite 1100, Richmond, VA 23219
Phone: 804-780-2000
Website: Not reported
SEC file: 801-13057
Structure: Virginia LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Davenport & have?

Davenport & has 17,724 clients and manages $24.7 billion for them, as of July 2026. They include 11,188 other individuals, 5,667 high-net-worth individuals and 595 charitable organizations.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 July 2026

What services does Davenport & offer?

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Davenport & use?

Davenport &’s separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $19,725,592,219. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 July 2026

How many financial advisors does Davenport & have?

Davenport & has 332 investment adviser representatives registered with state securities authorities, out of 525 employees, and 228 perform investment advisory functions. 358 are registered representatives of a broker-dealer and 221 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Davenport & invest in?

At the end of its last fiscal year, Davenport &’s separately managed accounts held 60% exchange-traded equities, 15% registered funds (mutual funds, ETFs, BDCs), 13% pooled vehicles (private funds and similar), 6% cash and equivalents, 3% investment grade corporate bonds, 1% non-exchange-traded equities, 1% U.S. government and agency bonds and 1% state and local bonds. It advises 3 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Davenport &?

Davenport &’s direct owners are Davenport & Co. of Virginia, Davenport & Co. of Virginia, Inc, Davenport Corp., Dava Corp. and Davenport IV, Inc, each holding 50% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 27 July 2026

How does Davenport & get paid?

Davenport & is paid through a percentage of assets under management, hourly charges, fixed fees, commissions, performance-based fees and other arrangements.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file