Davenport & Company is an investment firm offering various services, including asset management programs, retail brokerage, and financial planning. Davenport manages investments for individuals, institutions, and retirement plans. The firm offers different managed account programs tailored to individual needs, with various cost structures like wrap fees or fee-based options. Davenport also provides financial planning services covering education funding, retirement planning, and insurance.
Fee Structure
Davenport offers several investment management programs with different fee structures. Some programs have a wrap fee that bundles investment advice, custody, and brokerage services. Others charge fees based on assets under management, plus commissions on trades. The exact fees vary depending on the program you choose and the amount you invest. Some programs are no longer offered to new clients. Fees are generally billed quarterly, either in advance or after the fact. Some programs are only available on a wrap fee basis, while others are only available on a fee and/or commission basis.