{
  "crd_number": 1588,
  "slug": "davenport-and-company-llc-richmond-va-1588",
  "primary_business_name": "DAVENPORT & COMPANY LLC",
  "legal_name": "DAVENPORT & COMPANY LLC",
  "dbas": [
    "DAVENPORT ASSET MANAGEMENT",
    "DAVENPORT FINANCIAL ADVISORS"
  ],
  "city": "Richmond",
  "state": "VA",
  "country": "United States",
  "cbsa_code": "40060",
  "metro": {
    "cbsa_code": "40060",
    "common_name": "Richmond",
    "msa_name": "Richmond, VA",
    "path": "/advisors/va/richmond"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1977-06-02",
  "years_registered": 49,
  "period": "2026-10-01",
  "filing_date": "2026-07-27",
  "carried_forward": false,
  "raum_total": 24699034685.0,
  "raum_discretionary": 23929304065.0,
  "raum_non_discretionary": 769730620.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 525,
  "advisory_employees": 228,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 122590016.0,
      "count": 51,
      "description": "PARTNERSHIPS, SELF-INSURED TRUSTS,"
    },
    "charitable": {
      "raum": 1264421416.0,
      "count": 595
    },
    "individuals": {
      "raum": 3835154192.0,
      "count": 11188
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 69371009.0,
      "count": 4,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 26846967.0,
      "count": 3,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 4089877437.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 322431037.0,
      "count": 114
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 14065713375.0,
      "count": 5667
    },
    "pooled_investment_vehicles": {
      "raum": 679538093.0,
      "count": 3
    },
    "corporations_other_businesses": {
      "raum": 223091143.0,
      "count": 98
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 2,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://facebook.com/INVESTDAVENPORT",
    "https://instagram.com/investdavenport",
    "https://investdavenport.com",
    "https://linkedin.com/COMPANY/DAVENPORT-&-COMPANY-LLC",
    "https://linkedin.com/SHOWCASE/DAVENPORT-ASSET-MANAGEMENT",
    "https://linkedin.com/showcase/davenport-public-finance",
    "https://x.com/INVESTDAVENPORT"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/1588",
  "disclosure_items": [
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.E(4)",
      "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?"
    }
  ],
  "city_as_filed": "RICHMOND",
  "url": "https://advisorcensus.com/firm/davenport-and-company-llc-richmond-va-1588",
  "display_name": "Davenport & Company LLC",
  "summary": "Davenport & Company LLC is an SEC-registered investment advisory firm in Richmond, VA, registered since 1977, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 27, 2026.",
  "citation": "AdvisorCensus. Davenport & Company LLC (CRD 1588): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Commissions",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Davenport & Company LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Davenport & Company LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Davenport & Company LLC located?",
      "a": "Davenport & Company LLC's principal office is in Richmond, VA, according to its Form ADV; the August 2026 filing also lists 21 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Davenport & Company LLC registered with the SEC or a state?",
      "a": "Davenport & Company LLC is an SEC-registered investment advisory firm, registered since 1977. Status as filed: Approved. CRD 1588."
    },
    {
      "q": "How much does Davenport & Company LLC manage?",
      "a": "Davenport & Company LLC reports $24,699,034,685 in regulatory assets under management in its Form ADV filing dated July 27, 2026 (97% discretionary)."
    },
    {
      "q": "How have Davenport & Company LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Davenport & Company LLC: Regulatory assets under management: $16,080,856,422 in the October 2021 data and $24,699,034,685 in the October 2026 data, up 54%. Total employees: 447 in October 2021 and 525 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Davenport & Company LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (11,188); high net worth individuals (5,667); charitable organizations (595)."
    },
    {
      "q": "Which custodians does Davenport & Company LLC use?",
      "a": "Davenport & Company LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Davenport & Company LLC report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation) and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/1588"
    },
    {
      "q": "What changed in Davenport & Company LLC's recent Form ADV filings?",
      "a": "In the August 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 16080856422.0,
      "total_employees": 447,
      "filing_date": "2021-09-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 20825630584.0,
      "total_employees": 476,
      "filing_date": "2022-07-12"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 16588083655.0,
      "total_employees": 478,
      "filing_date": "2023-08-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 19332677961.0,
      "total_employees": 494,
      "filing_date": "2024-09-09"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 22474315624.0,
      "total_employees": 507,
      "filing_date": "2025-07-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 24699034685.0,
      "total_employees": 525,
      "filing_date": "2026-07-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Item 11 disclosure answers changed: 2 yes answers, previously 5 (now no: 11.C(2), 11.C(4), 11.C(5)).",
        "Employees performing advisory functions went from 216 to 228."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/davenport-and-company-llc-richmond-va-1588.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 11188,
      "fewer_than_5": false,
      "raum": 3835154192.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 5667,
      "fewer_than_5": false,
      "raum": 14065713375.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 4089877437.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 679538093.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 114,
      "fewer_than_5": false,
      "raum": 322431037.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 595,
      "fewer_than_5": false,
      "raum": 1264421416.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 4,
      "fewer_than_5": true,
      "raum": 69371009.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 3,
      "fewer_than_5": true,
      "raum": 26846967.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 98,
      "fewer_than_5": false,
      "raum": 223091143.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 51,
      "fewer_than_5": false,
      "raum": 122590016.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/1588",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}