Davenport & Company LLC
Registered investment adviser · Richmond, VA · CRD #1588
Form ADV data as of 2026-09-01Regulatory assets
$24.70 billion
Total accounts
24,315
Employees
525
Disclosure events
6
Firm details
- Website: https://www.linkedin.com/company/davenport-&-company-llc
- Telephone: 804-780-2000
- SEC file number: 801-13057
- Most recent Form ADV filing: 2026-07-27
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 2 disclosure questions answered Yes, covering 6 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $23.93 billion |
| Non-discretionary regulatory assets under management | $769.7 million |
| Total regulatory assets under management | $24.70 billion |
| Discretionary accounts | 23,906 |
| Non-discretionary accounts | 409 |
| Total accounts | 24,315 |
| Regulatory assets under management attributable to non-U.S. persons | $504,273 |
People
| Total employees (excluding clerical) | 525 |
| Employees performing investment advisory functions (including research) | 228 |
| Employees who are registered representatives of a broker-dealer | 358 |
| Employees registered as investment adviser representatives with a state | 332 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 221 |
| Firms or persons who solicit advisory clients on the firm's behalf | 1 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $5.69 billion |
| Clients for whom the firm has custody | 5,359 |
| A related person has custody of client cash or bank accounts | Yes |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $892.7 million |
| Clients for whom a related person has custody | 28 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 1 |
How the firm is compensated
Advisory services offered
Other business activities
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys securities from or sells securities to advisory clients (principal transactions)
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Recommends securities for which it serves as underwriter or general partner
- Recommends securities in which it has another sales interest
- Recommends brokers or dealers to clients
- Compensates a non-employee for client referrals
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 11,188 | $3.84 billion |
| High net worth individuals | 5,667 | $14.07 billion |
| Investment companies | 1 | $4.09 billion |
| Pooled investment vehicles (other than investment companies and BDCs) | 3 | $679.5 million |
| Pension and profit sharing plans (not the participants or government plans) | 114 | $322.4 million |
| Charitable organizations | 595 | $1.26 billion |
| State or municipal government entities (including government pension plans) | 4 | $69.4 million |
| Insurance companies | 3 | $26.8 million |
| Corporations or other businesses not listed above | 98 | $223.1 million |
| Other | 51 | $122.6 million |