Joel Ray is a CFA-designated registered investment advisor at Davenport & Company LLC, based in Midlothian, VA, with 32 years of industry experience. Joel is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Charitable Giving, Education Planning, Estate Planning, and 6 more. Their firm serves 17,724 clients with $25B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.50% |
| $1.0M - $5.0M | 1.25% |
| $5M+ | 1.00% |
Rates shown are for standard equity wrap fee programs. Fixed-income only accounts range from 0.40% to 0.20%. Other specialized programs and fee structures are available.
Fee Estimator
Location
Midlothian, VA
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Joel is on the board of directors and treasurer for the Visual Arts Center of Richmond, a non-profit organization, and serves on its finance and executive committees. He is also a board member on the finance committee for Thrive Birth to Five, advising staff on financial performance; these activities require minimal time.
Employment History
Current Registrations
Davenport & Company LLC
Davenport & Company LLC
Davenport & Company LLCBroker
Previous Registrations
Wachovia Capital Markets, LLCBroker
Wachovia Securities, LLCBroker
First Union Capital Markets CORP.Broker
Kidder, Peabody & CO. IncorporatedBroker
Smith Barney, Harris Upham & CO., IncorporatedBroker
Fahnestock & CO., INC.Broker
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.
Exams
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