Davenport Watts & Drake Investment Advisors provides financial planning and portfolio management for individuals and small businesses.
Davenport Watts & Drake Investment Advisors reports 214 clients. They include 182 individual clients, 26 high-net-worth individuals, and 6 corporations and other businesses. Of its assets, 100.0% ($157M across 355 accounts) are managed with discretion. It advised 6 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 85% | 24% |
| High-net-worth individuals | 12% | 75% |
| Corporations and other businesses | 3% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 182 | $38.3M | 24.4% | $210K |
| High-net-worth individuals | 26 | $118M | 75.2% | $4.54M |
| Corporations and other businesses | 6 | $664K | 0.4% | $111K |
| Total | 214 | $157M | 100% | $734K |
- Clients
- 182
- Regulatory AUM
- $38.3M
- AUM share
- 24.4%
- Avg. per client
- $210K
- Clients
- 26
- Regulatory AUM
- $118M
- AUM share
- 75.2%
- Avg. per client
- $4.54M
- Clients
- 6
- Regulatory AUM
- $664K
- AUM share
- 0.4%
- Avg. per client
- $111K
Total
- Clients
- 214
- Regulatory AUM
- $157M
- AUM share
- 100%
- Avg. per client
- $734K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 6
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Davenport Watts & Drake Investment Advisors charges 0.75%–1.00% a year for its Investment Advisor Services. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and requires an account of at least $50,000. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M and above | 0.75% |
Fee details and sources
Other fees
- Financial Planning
- Financial plans are priced by the complexity of the client's situation and are due on delivery if charged.
Tom Davenport owns 75% or more of Davenport Watts & Drake Investment Advisors. Tom Davenport is CEO. It has 3 employees.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- Owns 75% or more of Davenport Watts & Drake Investment Advisors, LLC
Tom Davenport
Control person · since December 2017
Davenport Watts & Drake Investment Advisors’ regulatory assets grew from $120M (March 2022) to $157M (April 2026); clients rose from 201 to 214 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Apr 2026April 2026 | $157M | 214 | 3 | 2 |
| Mar 2025March 2025 | $139M | 212 | 3 | 1 |
| Mar 2024March 2024 | $122M | 211 | 3 | 1 |
| Feb 2023February 2023 | $104M | 203 | 3 | 1 |
| Mar 2022March 2022 | $120M | 201 | 3 | 1 |
Besides its headquarters, Davenport Watts & Drake Investment Advisors has 1 office, with 2 listed addresses in 1 state.
Mississippi · 2 listed addresses
- 234 W. School Street, RidgelandHQ
- 302 Coffee Street, Port Gibson
Contact and registration details
- Legal name
- Davenport Watts & Drake Investment Advisors, LLC
- Headquarters
- 234 W. School Street, Ridgeland, MS 39157
- Website
- davenportwattsdrake.com
- Phone
- 601-898-8069
- SEC file
- 801-123626
- Structure
- Mississippi LLC
- Fiscal year end
- December
Davenport Watts & Drake Investment Advisors does not have custody of client assets.
At year end, Davenport Watts & Drake Investment Advisors’ separately managed accounts were largely in stocks (47%) and funds (45%).
What the accounts hold
- Stocks47%
- Funds45%
- Cash8%
How many clients does Davenport Watts & Drake Investment Advisors have?
Davenport Watts & Drake Investment Advisors has 214 clients and manages $157 million for them, as of April 2026. They include 182 individual clients, 26 high-net-worth individuals, and 6 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 April 2026
What services does Davenport Watts & Drake Investment Advisors offer?
Davenport Watts & Drake Investment Advisors provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Davenport Watts & Drake Investment Advisors charge?
Davenport Watts & Drake Investment Advisors charges 0.75%–1.00% a year for its Investment Advisor Services. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and requires an account of at least $50,000.
Source: DAVENPORT WATTS DRAKE FORM ADV PART 2A 2026, filed 16 April 2026
How many financial advisors does Davenport Watts & Drake Investment Advisors have?
Davenport Watts & Drake Investment Advisors has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 Watts & Drake Investment Advisors invest in?
At the end of its last fiscal year, Davenport Watts & Drake Investment Advisors’ separately managed accounts held 47% exchange-traded equities, 45% registered funds (mutual funds, ETFs, BDCs) and 8% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Davenport Watts & Drake Investment Advisors have a minimum investment?
Yes, Davenport Watts & Drake Investment Advisors’ minimum account size for its Investment Advisor Services is $50K.
Source: DAVENPORT WATTS DRAKE FORM ADV PART 2A 2026, filed 16 April 2026
Who owns Davenport Watts & Drake Investment Advisors?
Davenport Watts & Drake Investment Advisors’ direct owner is Tom Davenport (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 April 2026
How does Davenport Watts & Drake Investment Advisors get paid?
Davenport Watts & Drake Investment Advisors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Davenport Watts & Drake Investment Advisors?
Davenport Watts & Drake Investment Advisors’ main office is at 234 W. School Street, Ridgeland, MS 39157. Its phone number is 601-898-8069. Its website is davenportwattsdrake.com.
