Mutual Funds Mutual funds can offer greater diversification for your investments in addition to providing professional money management. By having your money managed by a professional mutual fund manager, you are relieved from having to study an overwhelming array of investments. By investing in mutual funds, you will have a professional monitoring and managing your investment daily based on the mutual fund’s stated objective. In addition to the thousands of mutual funds available, Davenport offers other special mutual fund investment options including: The Davenport Equity Fund was created to offer the same equity investment strategy available through the Davenport Asset Management Core portfolio to clients preferring a no-load mutual fund structure. The Fund blends primarily large capitalization growth- and value-oriented equity investments and seeks to limit risk through diversification among major market sectors. It places emphasis on long term investments in companies with strong and focused management, solid balance sheets and a history of proven results. Minimum account size for this program is $5,000 or $2,000 for tax-deferred retirement accounts.
An investor should consider the Fund's investment objectives, risks and charges and expensed carefully before investing. You may obtain a copy of the Fund's prospectus by calling 1-888-285-1863. Please read the prospectus carefully before you invest or send money. FundAdvisor is an investment advisory service that offers four professionally managed portfolios of mutual funds. With the help of a brief questionnaire, your financial advisor can assist you in selecting a model that is suitable for your personal investment objective. As a FundAdvisor client, you gain access to Davenport's expertise in three areas: Asset Allocation, Mutual Fund Selection, and Portfolio Management. The FundAdvisor portfolios are intended to provide growth and risk management through diversification and careful fund analysis. Minimum account size for this program is $35,000. An investor should consider the Fund's investment objectives, risks and charges and expenses carefully before investing. You may obtain a copy of the Fund's prospectus by calling 1-888-285-1863. Please read the prospectus carefully before you invest or send money. Annuities Annuities allow an investment to grow over time on a tax-deferred basis. For clients seeking tax-deferral or lifetime income, we offer both fixed and variable annuities* from highly rated insurance companies and professional money managers. * Variable Annuities are long-term, tax-deferred investments intended for retirement planning. Withdrawals of earnings and other distribution of taxable amounts are subject to ordinary income taxes, and if taken prior to age 59 ½, an additional 10% tax penalty may apply. Fees and expenses for these products may be higher and the surrender period may be longer than contracts without these enhanced features and benefits. Variable annuities may not be appropriate for some clients. You should carefully consider whether the insurance company will reduce or eliminate death benefit features at certain ages. You should also consider if the issuing company forces annuitization. |
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