Strength, Stability& Longevity

  • Davenport navigates the Covid-19 pandemic. In March 2020, the firm temporarily closes its doors and associates serve clients remotely for several weeks
  • After more than 70 years, former Chairman Henry L. Valentine II retires from Davenport
  • Davenport expands its reach in Virginia with locations in Abingdon, Harrisonburg and Staunton. The Virginia Beach branch more than doubles its size with the addition of several advisor teams
  • The Davenport brand evolves with the launch of a new firm logo featuring the tagline Building Wealth Together and an icon showing a bridge which symbolizes strength, stability, and longevity
  • Putting clients’ needs first, the firm converts from self-clearing to fully disclosed through BNY Mellon’s Pershing LLC to custody client assets and clear trades. This allows Davenport to implement significant technology and platform improvements for its clients and associates
  • In 2023, Davenport commemorates 160 years as an independent employee owned firm

A Decade to Celebrate & Share

  • Lee Chapman becomes president and CEO of the firm
  • Davenport Shares is established in 2011 to formalize associates' volunteer and charitable firm initiatives
  • Davenport launches three new mutual funds: Value & Income, Equity Opportunities and Small Cap Focus
  • Davenport celebrates 150 years and several associates ring the opening bell at the New York Stock Exchange

Heading into the Modern Era

  • Davenport creates FundAdvisor as well as the Value & Income and Equity Opportunities separately managed account strategies
  • Davenport employees on the NYSE floor are safe but shocked after the events of September 11, 2001
  • Davenport relies on its fundamental philosophy and strong balance sheet to protect the firm during the recession of 2008

Crossing aMilestone

  • Davenport Asset Management crosses $1 billion and offers its Core strategy in mutual fund form
  • Davenport's Richmond office moves to One James Center, where the headquarters remains
  • Davenport's business structure is reorganized from a corporation to an LLC
  • The Public Finance division of Davenport is formed with the addition of David P. Rose and James M. Traudt


  • Davenport makes its Profit Sharing Plan available to investors, when Joe L. Antrim III starts Davenport Asset Management
  • Davenport builds its team by adding Michael S. Beall
  • Lucy W. Hooper joins the firm as the first female professional employee and registered representative
  • In the late 1980s, Coleman “Coley” Wortham III is elected president
  • The firm has its largest expansion in the firm’s history
  • Three new branches are established: Virginia Beach (1982), Charlottesville (1987), Williamsburg (1989)

From Co. to Inc. New Name, Big Change

  • Davenport & Co. becomes Davenport & Co. of Virginia, Inc.
  • With the new corporation, the firm’s NYSE seat is now in a corporation’s name rather than an individual partner’s
  • Henry Valentine II becomes president and CEO of the new corporation
  • Davenport’s Employee Profit Sharing Plan is started
  • Davenport joins with Branch and Co.

New Generation New Location

  • After more than 100 years, Davenport relocates to the Ross Building at 8th and Main, the most modern and desirable location in Richmond at the time
  • Robert Giles joins Davenport at age 21
  • Future president Coleman Wortham III joins the firm, becoming the fourth generation of his family to do so

Davenport & Company Welcomes New Associates

  • Future chairman Henry Valentine II joins the firm
  • Future vice chairman Beverley B. Munford III joins the firm
  • The firm grows from a handful of associates to 17 people

A World At War

  • Davenport regularly trades in local department stores Miller & Rhoads and Thalhimer’s
  • Some of Davenport’s members are called into military service, including Coleman Wortham, Jr.
  • Despite the war, Davenport stays in business amidst the closing of many other financial firms

A New Deal to End the Depression

  • In 1936 Coleman Wortham Sr., Davenport partner and chairman, passes away
  • Willliam R. Trigg Jr. is nominated as a member of the board of governors of the NYSE, the first time a Southern city had been represented on the Exchange
  • Davenport is considered among the oldest firms in Virginia

The Sale and The Crash

  • Future Davenport president Alexander P. Armour joins the firm at the age of 14 as a “Board Boy”
  • Davenport sells its insurance business to Marsh & McLennan

A Period ofInfluence

  • Congress creates the Federal Reserve with 12 branches, including one in Richmond, VA close to Davenport's office.

Weathering More Change

  • Coleman Wortham Sr. becomes senior partner of Davenport & Co.
  • Virginius Newton passes away and is buried in Hollywood Cemetery in Richmond

Ushering in theNext Generation

  • Isaac Davenport Jr. and Charles Wortham pass away
  • Virginius Newton becomes head of Davenport & Co.
  • Coleman Wortham Sr., great-nephew of Charles Wortham, joins the firm as partner

Investing inSecurities

  • Instruments available for sale through Davenport & Co. included railroad, bank and state bonds.
  • By late 1880s, a larger collection of municipal and industrial offerings are offered through Davenport & Co..


  • In June 1873, Davenport & Co. becomes a founding member of the Richmond Stock Exchange
  • Davenport provides startup capital for investments including sweet cigars, patent medicines, candy and chemicals
  • Virginius Newton, Isaac Davenport Jr.’s son-in-law, joins the firm

RisingFrom the Ashes

  • Isaac Davenport Jr. and Charles E. Wortham form Davenport & Co. as an insurance agency
  • Davenport & Co. extends its business lines and specializes in “southern” investments: railroads, banks and insurance agencies
  • Isaac and Charles record their first securities transaction in September 1863
  • In 1865, Isaac Davenport Sr. passes away and the Davenport office is destroyed in the Evacuation Fire
  • Davenport moves to 1113 East Main Street, one of the first buildings to be rebuilt during Richmond’s reconstruction efforts

Mutual Fund investing involves risk, principal loss is possible. Investors should consider the Fund’s investment objectives, risks, charges, and expenses carefully before investing. The Fund’s prospectus contains this and other important information, should be read carefully before investing or sending money, and may be obtained from your Davenport Financial Advisor, www.investdavenport.com, or by calling (888) 285-1863.
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