We created Davenport’s FundAdvisor program to help our clients intelligently invest in this increasingly complex mutual fund marketplace. We offer five globally diversified portfolios of stock and bond funds to help our clients meet their long term objectives, which can include growth, income, and protection. The benefits of FundAdvisor include diversification among multiple asset classes, cost-efficiency, annual rebalancing, and ongoing monitoring of the mutual fund positions.
Geoffrey A. Sulanke, CFA
D. Matthew Henderson
You should consider each fund’s investment objectives, risks, charges and expenses carefully before investing. Each fund’s prospectus contains this and other important information, should be read carefully before investing or sending money, and can be obtained by contacting your Financial Advisor, www.investdavenport.com, or by calling (800) 846-6666.
Davenport FundAdvisor is an investment advisory wrap program sponsored by Davenport & Company LLC. A wrap fee program provides investors with investment advisory and brokerage execution services for one “wrap” fee, which is generally a percentage of assets under management. For more information on the program, including the Davenport FundAdvisor fee schedule, request a written disclosure document from your Investment Executive. In addition to the FundAdvisor fee, clients will bear a proportionate share of each funds’ management and administrative expenses, including advisory fees paid to the funds’ investment advisors.
Risk Considerations: Investing in securities carries risk including the possible loss of principal. Funds that invest in foreign securities may involve greater risks, including political and economic uncertainties, as well as risk of currency fluctuations. Small and mid cap company stocks may be more volatile than stocks of larger, more established companies. Investments in bonds and other fixed income securities may fall in value if interest rates change. Generally, the prices of debt securities rise when interest rates fall, while their prices fall when interest rates rise. Longer-term debt securities are usually more sensitive to interest rate changes. An issuer suffering an adverse change in its financial condition could lower the credit quality of a security, leading to greater price volatility of the security.
Diversification and Asset Allocation does not ensure a profit or guarantee protection against a loss.