Davenport Watts & Drake Investment Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$156,412,845
Clients
208
Advisors
3
of 3 employees
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
Expertise
Fee options
Financial plans are priced according to the degree of complexity associated with the client’s situation; fees due upon delivery of the financial plan.
$0 - $1,000,000: 1.00% annually $1,000,001+: 0.75% annually
Account minimum: $50,000.00
Main office
234 W. School Street
Ridgeland MS 39157
Advisors at this office
3
Most active in
Alabama · Florida · Georgia · Louisiana · Mississippi · Tennessee · Washington
Also doing business as
Davenport & Watts Investment Advisors LLC · Davenport & Watts, LLC · Davenport Watts & Drake Investment Advisors, LLC · Davenport Watts & Jones, LLC · Jane Watts Financial Services, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
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:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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.
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.
Ellen H
Series 65
Ridgeland, MS
Davenport Watts & Drake Investment Advisors, LLC
Ellen Hazlewood is a financial advisor with Davenport Watts & Drake Investment Advisors, LLC, holding a Series 65 designation and affiliated with the firm since 2007. She is based in Ridgeland, MS, and has 19 years of experience in the financial services industry. Davenport Watts & Drake provides personalized financial planning and investment management services to individuals, small businesses, qualified retirement plans, trusts, and charitable organizations. The firm emphasizes strategic asset allocation, diversification, and long-term portfolio management using primarily no-load mutual funds and ETFs, with a focus on minimizing income taxes and expenses.
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