Davenport Watts & Drake Investment Advisors, LLC

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Client assets under management

$156,412,845

Clients

208

13% high-net-worth

Advisors

of 3 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

High

Average account size

$751,985

About

Davenport Watts & Drake provides personalized financial planning and investment management to individuals, small businesses, qualified retirement plans, trusts, and charitable organizations. The brochure lists services including retirement and estate planning, cash flow and tax planning, insurance review, investment management, education funding, and business-continuation planning.

The firm manages client assets on a discretionary basis using strategic asset allocation, diversification, and periodic rebalancing with a long-term perspective while seeking to minimize income taxes and expenses. Portfolios are primarily constructed from no-load mutual funds and exchange-traded funds, with individual equities used at client request, and each client signs an Investment Policy Statement documenting objectives and constraints.

A notable feature is that, in addition to asset-based advisory fees, the firm discloses receipt of commissions from prior insurance placements and maintains two licensed insurance persons on staff who could represent clients for future insurance needs, with remuneration disclosed as required. The firm reports managing approximately $157 million across roughly 214 discretionary accounts, bills fees in arrears via direct custodial deduction, does not use performance-based fees, and does not participate in wrap fee programs.

Client services

Financial planning Portfolio management

Expertise

General retirement planning General estate planning guidance Cash flow / budgeting

Fee options

Fixed

Financial plans are priced according to the degree of complexity associated with the client’s situation; fees due upon delivery of the financial plan.

Percentage

$0 - $1,000,000: 1.00% annually $1,000,001+: 0.75% annually

Other

Account minimum: $50,000.00

Main office location

Davenport Watts & Drake Investment Advisors, LLC

234 W. School Street

Ridgeland MS 39157, United States

Number of offices

Most active in

Alabama · Florida · Georgia · Louisiana · Mississippi · Tennessee · Washington

Disclosures

Business activities & affiliations

Is active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Is not active or affiliated with:

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 601-898-8069

Advisors at this firm

Tom D

Series 65

Ridgeland, MS

Davenport Watts & Drake Investment Advisors, LLC

Tom Davenport is a Series 65-licensed financial advisor with Davenport Watts & Drake Investment Advisors, LLC, bringing 16 years of industry experience. He has been with Davenport & Watts Investment Advisors LLC since 2003. Outside of his advisory role, he holds a 35% non-voting interest in McInvale Heating & Air, Inc. and serves as president of Cougar Management, Inc., a consulting firm supporting Davenport Watts & Drake and Mississippi Valley Publishing Corp. Davenport Watts & Drake provides personalized financial planning and discretionary investment management to individuals, small businesses, retirement plans, trusts, and charitable organizations. The firm emphasizes strategic asset allocation, diversification, and tax-aware long-term portfolio management primarily through no-load mutual funds and ETFs.

General retirement planning General estate planning guidance Cash flow / budgeting

Henry D

PFS™, Series 65

Ridgeland, MS

Davenport Watts & Drake Investment Advisors, LLC

Henry Drake Jr. is a financial advisor at Davenport Watts & Drake Investment Advisors, LLC with 16 years of industry experience. He holds the PFS™ designation and Series 65 license. In addition to his advisory role, he has been a practicing CPA for over 35 years with a sole practice focused on public accounting. Davenport Watts & Drake provides personalized financial planning and discretionary investment management to individuals, small businesses, retirement plans, trusts, and charitable organizations. The firm emphasizes strategic asset allocation, diversification, tax-aware investing, and manages portfolios primarily using no-load mutual funds and exchange-traded funds.

General retirement planning General estate planning guidance Cash flow / budgeting

Ellen H

Series 65

Ridgeland, MS

Davenport Watts & Drake Investment Advisors, LLC

Ellen Hazlewood is a financial advisor at Davenport Watts & Drake Investment Advisors, LLC, holding a Series 65 designation with 19 years of experience at the firm since 2007. She operates out of Ridgeland, Mississippi. Davenport Watts & Drake provides personalized financial planning and discretionary investment management to individuals, small businesses, qualified retirement plans, trusts, and charitable organizations. The firm emphasizes strategic asset allocation, diversification, and periodic rebalancing with a long-term, tax-aware approach, primarily utilizing no-load mutual funds and exchange-traded funds.

General retirement planning General estate planning guidance Cash flow / budgeting

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