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

2010s

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

2000s

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

1990s

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

1980s

ExpansionBegins

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)

1970s

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.

1960s

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

1950s

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

1940s

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

1930s

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

1920s

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

1910s

A Period ofInfluence

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

1900s

Weathering More Change

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

1890s

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

1880s

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..

1870s

UpwardTrends

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

1860s

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.

Distributed by Ultimus Fund Distributors, LLC