SEC-registered wealth management firm Broker-dealer affiliated
Thompson Davis Asset Management
As of its Form ADV filed September 10, 2026, Thompson Davis Asset Management, an SEC-registered, broker-dealer affiliated wealth management firm in Richmond, Virginia, reported $211.3 million in regulatory assets under management across 300 accounts, ranking #154 among all wealth firms in Virginia by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 41353
- SEC file number
- 801-120472
- Registered since
- March 5, 2021
- Latest Form ADV filing
- September 10, 2026
- Legal name
- THOMPSON DAVIS & CO., INC.
- Organized as
- Corporation
- Fiscal year ends
- December
- Other offices
- 0
Key figures
- Regulatory assets under management
- $211.3 million
- Discretionary
- $211.3 million (100.0%)
- Non-discretionary
- $0
- Accounts
- 300 (300 discretionary)
- Clients
- 300, approximate as reported
- Employees
- 9
- Advisory staff
- 6 performing investment advisory functions
- Average account
- $704,461
- Asset growth, 1 year
- 2.2% (from $206.9 million a year earlier)
- Asset growth, 3-year annual rate
- 22.1% (from $116.2 million three years earlier)
- Asset growth, 5-year annual rate
- 12.1% (from $119.4 million five years earlier)
- Client growth, 1 year
- 0.0% (from 300)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $50.5 million |
| October 3, 2011 | $94.1 million |
| October 1, 2012 | $88.4 million |
| October 1, 2013 | $91.3 million |
| October 1, 2014 | $107.6 million |
| October 1, 2015 | $200.0 million |
| October 3, 2016 | $107.4 million |
| October 2, 2017 | $220.0 million |
| October 1, 2018 | $58.2 million |
| October 4, 2021 | $119.4 million |
| October 3, 2022 | $175.0 million |
| October 5, 2023 | $116.2 million |
| October 1, 2024 | $159.5 million |
| September 2, 2025 | $206.9 million |
| October 2, 2026 | $211.3 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 206 clients | $142.4 million | |
| Individuals (other than high net worth) 88 clients | $61.0 million | |
| Pooled investment vehicles 1 client | $4.1 million | |
| Corporations or other businesses 5 clients | $3.8 million |
How the firm is paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses or institutional clients
- Selection of other advisers
Financial planning clients (Item 5.H): 0.
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Other financial products
Financial industry affiliations (Item 7.A)
- Sponsor, general partner or managing member of pooled investment vehicles
Advises 1 private fund (Item 7.B).
Custody (Item 9)
The firm reported custody of client cash or securities, $4.1 million in total.
Investment adviser representatives
- IARs registered with the firm
- 5
- Also registered through a broker-dealer
- 5
- Employees who are IARs (Form ADV 5.B(3))
- 5
Designations held by the firm's IARs: CFA 1, CFP 1.
3 of the firm's 5 IARs are registered in jurisdictions that require IAR CE. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 1 disclosure question. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Virginia
| Firm | City | RAUM |
|---|---|---|
| Wealthtrak Advisors | Virginia Beach | $214.3 million |
| Dominguez Wealth Management Solutions, Inc. | Williamsburg | $213.1 million |
| Buchanan Wealth Management | Reston | $212.0 million |
| T.M. Wealth Management | Reston | $209.8 million |
| Chesapeake Investment Management LLC | McLean | $205.0 million |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Thompson Davis Asset Management on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.thompsondavis.com
- Wealth management firms in Virginia
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.