Services and clients
Davenport & Company 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.
Financial planning was provided to 2,500 clients last fiscal year. The firm advises 3 private funds.
Clients
Davenport & Company reports 17,724 clients. They include 11,188 other individual clients, 5,667 high-net-worth individuals and 595 charitable organizations.
AUM per wealth client averages the assets reported for individuals and high-net-worth individuals over their reported client counts. It excludes institutional clients.
- Individuals (other than HNW)11,188 clients$3.84B in assets
- High-net-worth individuals5,667 clients$14.07B in assets
- Banking or thrift institutions0 clients$0 in assets
- Investment companies1 client$4.09B in assets
- Pooled investment vehicles3 clients$679.5M in assets
- Other client types865 clients$2.03B in assetsPension and profit-sharing plans; Charitable organizations; State or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses; Other
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | 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 |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| 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 | Fewer than 5 | $69,371,009 | 0.3% | $17.3M |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $26,846,967 | 0.1% | $8.95M |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| 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% | — |
- Clients
- 11,188
- Regulatory AUM
- $3,835,154,192
- AUM share
- 15.5%
- Avg. per client
- $343K
- Clients
- 5,667
- Regulatory AUM
- $14,065,713,375
- AUM share
- 56.9%
- Avg. per client
- $2.48M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 1
- Regulatory AUM
- $4,089,877,437
- AUM share
- 16.6%
- Avg. per client
- $4.09B
- Clients
- 3
- Regulatory AUM
- $679,538,093
- AUM share
- 2.8%
- Avg. per client
- $226.5M
- Clients
- 114
- Regulatory AUM
- $322,431,037
- AUM share
- 1.3%
- Avg. per client
- $2.83M
- Clients
- 595
- Regulatory AUM
- $1,264,421,416
- AUM share
- 5.1%
- Avg. per client
- $2.13M
- Clients
- Fewer than 5
- Regulatory AUM
- $69,371,009
- AUM share
- 0.3%
- Avg. per client
- $17.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $26,846,967
- AUM share
- 0.1%
- Avg. per client
- $8.95M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 98
- Regulatory AUM
- $223,091,143
- AUM share
- 0.9%
- Avg. per client
- $2.28M
- Clients
- 51
- Regulatory AUM
- $122,590,016
- AUM share
- 0.5%
- Avg. per client
- $2.40M
Total
- Clients
- 17,724
- Regulatory AUM
- $24,699,034,685
- AUM share
- 100%
- Avg. per client
- —
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. 84 clients received advice without assets under management last fiscal year.
Additional activity details
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 84
- Private funds advised
- 3
- Financial planning clients last fiscal year
- 2500
Fees and minimums
Davenport & Company is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees), commissions, performance-based fees and other.
Rates and terms vary by program. See the SEC brochures and fee pages for each schedule.
- DAVENPORT ADV PART 2A APPENDIX 1
- Submitted 1 June 2026
- DAVENPORT ADV PART 2A
- Submitted 1 June 2026
Davenport’s wrap programs bundle investment advice, stock brokerage and custody, while certain transaction charges remain additional. Fees are billed quarterly in advance and vary by account type; some fees may be negotiated or waived. Consult the brochure for the applicable program terms; this summary does not reproduce every fee entry.
Fee pages: 3
Davenport lists different maximum annual asset-based schedules for wrap accounts, fixed-income-only wrap accounts and fee-and/or-commission arrangements. The cited schedules use account-value tiers, and the table identifies an offering closed to new clients. Consult the brochure for the applicable program schedule; this summary does not reproduce every fee entry.
Fee pages: 7
Fee details and sources
Ownership and people
Davenport & Co. of Virginia owns 25% to 50% of Davenport & Company.
- Owns 25% to 50% of Davenport & Company LLC
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 10% to 25% of Davenport & Company LLC
Davenport IV, Inc
since May 2016
Staff
- 525 employees
- 228 in advisory functions
- 332 state-registered reps
- 358 broker-dealer reps
- 221 insurance agents
- 1 soliciting firm
Investments and reported holdings
What the accounts hold
- 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 & Company’s named custodians for separately managed accounts include Pershing ($19,725,592,219). Davenport & Company has custody of $5.69B for 5,359 clients.
- Pershing LLCJersey City, NJ
- $19,725,592,219
Offices and registration details
Besides its headquarters, Davenport & Company has 29 offices (4 private residences, listed without an address), with 22 listed addresses across 2 states.
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
North Carolina · 3 listed addresses
- 628 Green Valley Road, Greensboro
- 3605 Glenwood Avenue, Raleigh
- 201 Chatham Street, Sanford
Other business names
Davenport & Company 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
- SEC file
- 801-13057
- Structure
- Virginia LLC
- Fiscal year end
- December
- State notice filings
- 51 jurisdictions, most recently 15 March 2018
Notice filing jurisdictions
- Alabama
- Notice Filed · 28 March 2006
- Alaska
- Notice Filed · 26 March 2015
- Arizona
- Notice Filed · 6 January 2006
- Arkansas
- Notice Filed · 19 March 2008
- California
- Notice Filed · 10 February 1998
- Colorado
- Notice Filed · 3 December 2004
- Connecticut
- Notice Filed · 21 October 1997
- Delaware
- Notice Filed · 23 January 2006
- District of Columbia
- Notice Filed · 28 April 2003
- Florida
- Notice Filed · 31 December 1984
- Georgia
- Notice Filed · 19 May 1997
- Hawaii
- Notice Filed · 11 January 2010
- Idaho
- Notice Filed · 19 March 2008
- Illinois
- Notice Filed · 21 December 2000
- Indiana
- Notice Filed · 19 March 2008
- Iowa
- Notice Filed · 27 November 2012
- Kansas
- Notice Filed · 19 March 2008
- Kentucky
- Notice Filed · 3 December 2004
- Louisiana
- Notice Filed · 11 January 2010
- Maine
- Notice Filed · 28 March 2006
- Maryland
- Notice Filed · 1 January 1991
- Massachusetts
- Notice Filed · 10 January 2000
- Michigan
- Notice Filed · 1 December 1999
- Minnesota
- Notice Filed · 18 March 2010
- Mississippi
- Notice Filed · 27 March 2004
- Missouri
- Notice Filed · 28 March 2006
- Montana
- Notice Filed · 27 November 2012
- Nebraska
- Notice Filed · 18 March 2010
- Nevada
- Notice Filed · 26 March 2015
- New Hampshire
- Notice Filed · 19 March 2008
- New Jersey
- Notice Filed · 20 February 2003
- New Mexico
- Notice Filed · 19 March 2008
- New York
- Notice Filed · 20 February 2003
- North Carolina
- Notice Filed · 11 December 2000
- North Dakota
- Notice Filed · 26 March 2015
- Ohio
- Notice Filed · 28 January 2002
- Oklahoma
- Notice Filed · 18 March 2010
- Oregon
- Notice Filed · 19 March 2008
- Pennsylvania
- Notice Filed · 22 May 2003
- Rhode Island
- Notice Filed · 18 March 2010
- South Carolina
- Notice Filed · 20 August 1987
- South Dakota
- Notice Filed · 26 March 2015
- Tennessee
- Notice Filed · 7 February 2000
- Texas
- Notice Filed · 31 March 1997
- Utah
- Notice Filed · 27 March 2009
- Vermont
- Notice Filed · 19 March 2008
- Virginia
- Notice Filed · 6 July 1987
- Washington
- Notice Filed · 21 March 1990
- West Virginia
- Notice Filed · 27 March 2004
- Wisconsin
- Notice Filed · 18 March 2010
- Wyoming
- Notice Filed · 15 March 2018
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 & Company have?
Davenport & Company has 17,724 clients and manages $24.7 billion for them, as of July 2026. They include 11,188 other individual clients, 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 & Company offer?
Davenport & Company 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.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Davenport & Company use?
Davenport & Company’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 & Company have?
Davenport & Company has 332 investment adviser representatives registered with state securities authorities, out of 525 employees, and 228 perform investment advisory functions. 358 employees are registered representatives of a broker-dealer and 221 employees 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 & Company invest in?
At the end of its last fiscal year, Davenport & Company’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 & Company?
Davenport & Company’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 & Company get paid?
Davenport & Company 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