# Thompson Davis Asset Management

> Thompson Davis Asset Management is an SEC-registered investment advisory firm in Richmond, VA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 10, 2026.

- CRD: 41353
- Filed as: THOMPSON DAVIS ASSET MANAGEMENT
- Legal name: Thompson Davis & Co., Inc.
- Also doing business as: THOMPSON DAVIS ASSET MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Richmond, VA
- Filing period: October 2026
- Form ADV filing dated: September 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/41353
- AdvisorCensus page: https://advisorcensus.com/firm/thompson-davis-asset-management-richmond-va-41353

## Quick answers

**How is Thompson Davis Asset Management compensated?**
On its Form ADV (Item 5.E, October 2026), Thompson Davis Asset Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Thompson Davis Asset Management located?**
Thompson Davis Asset Management's principal office is in Richmond, VA, according to its Form ADV.

**Is Thompson Davis Asset Management registered with the SEC or a state?**
Thompson Davis Asset Management is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 41353.

**How much does Thompson Davis Asset Management manage?**
Thompson Davis Asset Management reports $211,338,163 in regulatory assets under management in its Form ADV filing dated September 10, 2026 (100% discretionary).

**How have Thompson Davis Asset Management's assets and staff changed since 2021?**
In the Form ADV data for Thompson Davis Asset Management: Regulatory assets under management: $119,443,823 in the October 2021 data and $211,338,163 in the October 2026 data, up 77%. Total employees: 12 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Thompson Davis Asset Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (206); individuals (other than high net worth individuals) (88); corporations or other businesses not listed above (5).

**Which custodians does Thompson Davis Asset Management use?**
Thompson Davis Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists RBC Capital Markets, LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Thompson Davis Asset Management report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). 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/41353

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- RBC Capital Markets, LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $211,338,163
- Discretionary: $211,338,163
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 88 | $61,030,950 |
| High net worth individuals | 206 | $142,405,550 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $4,127,169 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 5 | $3,774,494 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 9 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NC, NH, TX, VA
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/41353

### Websites listed on Form ADV (Item 1.I)
- thompsondavis.com
- Facebook @THOMPSONDAVISCO
- LinkedIn @THOMPSON-DAVIS-&-CO.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $119,443,823 | 12 | September 23, 2021 |
| October 2022 | $175,037,056 | 12 | March 30, 2022 |
| October 2023 | $116,180,124 | 11 | July 26, 2023 |
| October 2024 | $159,456,586 | 10 | September 13, 2024 |
| October 2025 | $206,863,938 | 9 | March 28, 2025 |
| October 2026 | $211,338,163 | 9 | September 10, 2026 |

Regulatory assets under management: $119,443,823 in the October 2021 data and $211,338,163 in the October 2026 data, up 77%.
Total employees: 12 in October 2021 and 9 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Thompson Davis Asset Management (CRD 41353): Form ADV filing data as of October 2026.