Founded in 1863, Richmond-based Davenport & Company LLC is one of America’s oldest independent stock exchange brokers. Unlike simple retail apps, they provide professional wealth management and advisory services focused on the U.S. stock market.
What Does Davenport & Company LLC Do?
As one of the leading NY stock brokers, Davenport helps clients navigate complex markets through a wide array of financial and investment services.
| Service Category | What Davenport Offers |
| Brokerage Services | Buying and selling stocks, bonds, mutual funds, and ETFs |
| Investment & Wealth Management | Personalized investment planning and portfolio management |
| Advisory & Research | Investment research, market insights, and financial planning guidance |
| Public Finance & Corporate Services | Advisory services for municipalities, corporations, and institutional clients |
Davenport combines brokerage and financial planning to help clients manage investments in one place.
Who Is Davenport For?
- Individual investors seeking personalized investment guidance
- High‑net‑worth clients looking for tailored portfolio management
- Families and business owners planning for long-term financial goals
- Investors wanting a mix of professional advice and brokerage services
Which Markets and Exchanges Is Davenport Connected To?
Davenport is a member of key U.S. financial organizations. This allows it to operate in major markets.
Market Memberships
- New York Stock Exchange (NYSE)
- Financial Industry Regulatory Authority (FINRA)
- Securities Investor Protection Corporation (SIPC)
- Registered with the U.S. Securities and Exchange Commission (SEC)
As one of the recognized stock exchange brokers, these memberships allow Davenport to execute and support trading in stocks, bonds, and ETFs across the entire U.S. stock market.
How Davenport Helps You Trade Stocks?
Here is how a typical trade works:
- You place an order with Davenport through a brokerage account
- Davenport sends your order to the market
- A clearing firm finalizes the trade, confirms the buyer and seller, and ensures settlement
- Your account reflects the completed trade
Davenport’s role is to advise, execute, and manage investments while the clearing firm handles settlement in the background.
Contact Information and Website
Corporate Contact Information
| Detail | Information |
| Official Website | https://www.investdavenport.com |
| Main Headquarters | 901 East Cary Street, Suite 1100, Richmond, VA 23219 |
| Toll-Free Phone | (800) 846-6666 |
| Local Richmond Phone | (804) 780-2000 |
| CRD Number | 1588 |
Regional Office Locations
| State | Branch Locations |
| Virginia | Abingdon, Charlottesville, Danville, Farmville, Franklin, Fredericksburg, Harrisonburg, Kilmarnock, Leesburg, Lynchburg, Marion, Newport News, Norfolk, Richmond (HQ), Roanoke, Staunton, Suffolk, Virginia Beach, Williamsburg |
| North Carolina | Charlotte (Public Finance), Durham, Greensboro, Raleigh, Sanford |
| Maryland | Towson (Public Finance) |
| Georgia | Atlanta/Roswell (Public Finance) |
Main Branch Location
Why Davenport Matters for Beginner Investors?
Even if you trade through a retail platform, firms like Davenport are important. They offer:
- Professional brokerage services
- Investment planning and research
- Personalized financial advice
- Access to major U.S. markets including NYSE stocks
Unlike discount apps, Davenport provides the direct execution of NY stock brokers combined with the planning and research necessary to navigate the complexities of the U.S. stock market successfully.
Readers looking for the complete U.S. stock exchanges list can explore our detailed guide.
Frequently Asked Questions
What services does Davenport & Company LLC provide?
Davenport offers a wide range of services, including brokerage services, investment and wealth management, advisory and research, and public finance and corporate services.
Who can benefit from Davenport’s services?
Individual investors, high-net-worth clients, families, business owners, and institutional clients seeking personalized investment advice and brokerage services can benefit from Davenport’s offerings.
Which markets can I trade through Davenport & Company LLC?
Davenport provides access to major U.S. markets, including the New York Stock Exchange (NYSE) and other U.S. exchange-listed securities, allowing clients to trade stocks, bonds, ETFs, and more.
How does Davenport help me trade stocks?
Clients place orders through a brokerage account, and Davenport executes these orders by routing them to the market. A clearing firm then handles settlement and trade confirmations.
What types of financial services does Davenport provide for institutional clients?
Davenport offers advisory services for municipalities, corporations, and institutional clients, including public finance services and strategic financial guidance.
How does Davenport combine brokerage and financial planning?
Davenport integrates personalized investment planning and portfolio management with direct brokerage execution services, providing a comprehensive approach to managing client investments.
