Davenport & Company LLC is an independent, employee-owned investment firm established in 1863 and headquartered in Richmond, Virginia. The firm offers a wide range of services including asset management, retail brokerage, fixed income strategies, and personal financial planning. Davenport provides various managed account programs tailored to individual client needs, such as separately managed equity and fixed income portfolios, exchange-traded fund strategies, mutual fund strategies, and unified managed accounts. Clients can choose from different cost structures including bundled wrap fee programs and fee-and-commission arrangements. Davenport serves individuals, families, trusts, estates, and institutional clients, utilizing fundamental and technical analysis to construct diversified portfolios aligned with client goals and risk tolerances.
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.