About Davenport Watts & Drake Investment Advisors
Davenport Watts & Drake Investment Advisors, LLC is a fee-only financial services firm offering asset management and financial consulting services. Our desire is to work with a select group of individuals, families, and businesses as part of their financial team — helping with the many important decisions that will affect their financial futures. Our Investment Team Members have a common vision — a client-centered financial consulting firm that treats clients the way we would want to be treated.
Investment custodians include the following: Fidelity Investments, John Hancock, Empower
Our core strategies: Asset Allocation Asset Diversification, Periodic Rebalancing, Long-Term Perspective, Minimize Income Taxes
The Davenport Watts & Drake (DWD) team works with both individuals and businesses to develop comprehensive financial plans. These plans seek to inventory financial information, develop clearly defined objectives, and provide recommendations on how to reach those objectives.
Davenport Watts & Drake Investment Advisors (DWD) manages individual retirement accounts and advises individuals how best to save for retirement. But DWD also assists employers in providing the best retirement benefits for their employees.
We are reminded of the John F. Kennedy quote, “When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.” The turmoil we are experiencing due to the trade war with China might be described as a crisis. And it certainly holds both danger and opportunity. If you are in retirement and taking from your investments for regular living expenses, you may feel that your well-being...
Recently, a client asked-"Why should I buy bonds when interest rates are rising? It’s my understanding that when interest rates rise, existing bonds decrease in value.” Typically, bonds play an important role within our portfolios as volatility reducers. Also, if you will need to withdraw investments for current needs over the next 1-5 years, it is important to maintain bond investments as “safe assets.” We choose to invest in bond funds rather than individual bonds...
Understanding your risk tolerance is one of the most important elements of investing; knowing how your risk tolerance effects your investment decisions is vital to the health of your portfolio. Risk tolerance is most prevalently understood as a measure of one’s financial ability to withstand losses. On the risk-reward continuum, the more risk one takes, the greater the reward should be expected, and vice versa. For example, an investor who can withstand a 25 percent...