Davenport Watts & Drake Investment Advisors, LLC (Ridgeland)

Davenport Watts & Drake Investment Advisors, LLC is an adviser based in Ridgeland. It manages $31.8 million of regulatory assets for 111 client accounts. It has been registered with the SEC as an adviser since 2010.

Davenport Watts & Drake Investment Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Davenport Watts & Drake Investment Advisors: assets under management

The assets under management (AUM) of Davenport Watts & Drake Investment Advisors, LLC is $31.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $31.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $286.49 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Davenport Watts & Drake Investment Advisors, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Davenport Watts & Drake Investment Advisors, LLC

Tom Sayre Davenport has served as the Chief Investment Officer since 1 May 2004. Henry M Drake joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tom Sayre Davenport	Member/manager/chief investment officer	1 May 2004	75% - 100%	4483932
Henry M Drake	Chief compliance officer	1 Nov 2009	Other	5662406

Based in Ridgeland

The principal office where Davenport Watts & Drake Investment Advisors, LLC performs its advisory services is located at 234 W. School Street, Ridgeland, MS 39157 The mailing address of the firm is P.O. Box 2658, Ridgeland, MS 39158. It doesn’t run an office outside of the United States.