# Davenport Watts & Drake Investment Advisors

Davenport Watts & Drake Investment Advisors is a RIA based in Ridgeland, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Ridgeland, United States
- **Region:** North America
- **Address:** Ridgeland, United States
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** davenportwattsdrake.com
- **LinkedIn:** https://www.linkedin.com/company/davenport-watts-&-drake-investment-advisors-llc

## Regulatory record

- **CRD number:** 127506
- **SEC file number:** 801-123626
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-04-16T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/127506

## About

Davenport Watts & Drake Investment Advisors was established in 2003 in Ridgeland, Mississippi, a suburb of Jackson. The founding team structured the firm as a registered investment advisor, a designation that imposes a fiduciary standard — meaning the firm is legally obligated to put client interests ahead of its own. The practice serves a regional client base that includes individuals, businesses, and nonprofit organizations across central Mississippi. The firm's strategy centers on personalized wealth management — financial planning, retirement income structuring, and discretionary portfolio management for households and small institutions. Unlike multi-family offices that build direct private-market access, Davenport Watts & Drake appears organized around traditional liquid markets: equities, fixed income, and mutual fund or ETF allocations. The geographic footprint is concentrated in the Jackson metropolitan area and surrounding counties in central Mississippi. Headcount and total assets under management have not been publicly disclosed. The firm operates from a single office in Ridgeland. No adjacent vehicles — philanthropic foundations, real-asset arms, or operating businesses — are publicly known. In May 2024: No verifiable operational event within the last 24 months was identified. The firm's structural differentiator is its geography. Based in a mid-sized Southern city rather than a financial hub, Davenport Watts & Drake competes on local relationships — the advisor you see at church, the Rotary Club, or the high school football game. This embedded-trust model remains the backbone of regional RIAs, even as national platforms consolidate the industry.

## Sectors

- Wealth Management

## Questions

### Is Davenport Watts & Drake a fiduciary?

As a registered investment advisor (RIA) — the core regulatory designation the firm holds — Davenport Watts & Drake is bound by the Investment Advisers Act of 1940, which imposes a fiduciary duty. This means the firm must act in clients' best interests, disclose conflicts, and seek best execution on trades. The RIA standard is stronger than the suitability standard that governs broker-dealers.

### How is the firm structured?

Davenport Watts & Drake operates as a partnership or closely held corporation, though the specific ownership structure has not been publicly disclosed. The founding name partners — Davenport, Watts, and Drake — suggest three principals at launch in 2003. No subsequent ownership changes or external capital infusions have been reported.

### What is the firm's geographic reach?

The firm operates from a single office in Ridgeland, Mississippi, a suburb just north of Jackson. Its client base is concentrated in the Jackson metropolitan area and surrounding central Mississippi counties — a local-market posture typical of regional RIAs that build practices around community relationships rather than national marketing.

## Related profiles

- [Davenport Capital Management](https://altss.com/profile/davenport-capital-management)
- [David & Carol Myers Foundation](https://altss.com/profile/david-carol-myers-foundation)

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Last updated: 2026-07-06T00:32:47.256Z

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