| Year |
Historical Events |
Davenport & Company Events |
 |
1861 |
Abraham Lincoln begins term as 16th president of the U.S.
April 12 — U.S. Civil War begins
April 17 — Virginia secedes from Union
Richmond (VA) named Capital of the Confederacy |
Isaac Davenport, Jr. and Charles E. Wortham form Davenport & Company, an insurance agency, and moved to Richmond's East Main Street |
 |
1863 |
Mid-point of U.S. Civil War |
Davenport & Company extends its business lines and specializes in "southern" investments: railroads, banks, and insurance companies |
 |
1865 |
Richmond set ablaze ahead of Grant's advancing armies and evacuated
End of U.S. Civil War |
900 buildings in Richmond's business district are lost, including the headquarters of Davenport & Company |
 |
1867 |
Nebraska becomes the 37th U.S. State
Maggie Walker of Richmond, Virginia was born. She became the first African American woman to charter a bank in the United States |
The firm moves to 1113 East Main Street, one of the first to be built during Richmond's reconstruction efforts |
 |
1896 |
The first modern Olympic Games opens in Athens, Greece |
Deaths of Isaac Davenport and Charles Wortham
Virginius Newton, son-in-law of Davenport, becomes head of the firm
Coleman Wortham, Sr., great-nephew of the original Charles Wortham, joins the firm as partner |
 |
1920 |
Prohibition of alcohol begins in U.S. |
Alexander P. Armour joins the firm at the age of 14 as a "Board boy" |
 |
1921 |
Discovery of Vitamin D and its prevention of Rickets |
Coleman Wortham, Sr., becomes president, buys seat on the New York Stock Exchange |
 |
1924 |
Teapot Dome Scandal
Walt Disney creates "Alice in Wonderland," his first cartoon |
Firm sells insurance business to Marsh & McLennan |
 |
1929 |
U.S. Stock Market crashes
Martin Luther King, Jr. was born |
|
 |
1950 |
Korean War begins
Charles Schultz introduces Peanuts comic strip |
Henry Valentine II joins the firm and rises to become its Chairman
Beverley B. Munford III joins the firm and rises to become Vice Chairman |
 |
1955 |
Rosa Parks refusal to relinquish her seat on a Greyhound bus ignited the Civil Rights movement
|
|
 |
1963 |
Martin Luther King, Jr. makes "I have a dream" speech
President John F. Kennedy assassinated
|
|
 |
1967 |
Congress creates PBS |
Firm relocates to Ross Building at 8th and Main, most modern and desirable location in Richmond |
 |
1968 |
Martin Luther King, Jr. assassinated
|
|
 |
1969 |
Neil Armstrong takes first steps on the Moon |
Coleman Wortham III joins the firm, rising to become part of the firm's senior leadership, representing the fourth generation of his family |
 |
1972 |
The first ever mobile phone call is placed by Martin Cooper, in New York City |
The firm incorporates and names Alexander P. Armour its first president |
 |
1975 |
Saturday Night Live premieres on NBC, with George Carlin as first host |
Branch and Co. joins with Davenport & Company |
 |
1982 |
World Health Organization announced smallpox had been eradicated
Vietnam War Memorial Opens in Washington, DC |
Davenport opens Virginia Beach office |
 |
1987 |
Worldwide stock market crisis |
Davenport opens Charlottesville office |
 |
1989 |
The Fall of the Berlin Wall
George Herbert Walker Bush inaugurated as 41st U.S. President |
Davenport opens Williamsburg and Newport News offices |
 |
1990 |
Hubble Telescope launches into space
Persian Gulf War Begins |
Davenport opens Farmville office |
 |
1992 |
World Wide Web introduced |
Davenport & Company moves to One James Center |
 |
1993 |
World Trade Center Bombing |
Davenport opens Fredericksburg and Franklin offices |
 |
1995 |
The Oklahoma City Bombing |
Davenport opens offices in Roanoke, Lynchburg, and White Stone |
 |
1998 |
John Glen returns from space |
Davenport opens Norfolk office |
 |
1999 |
World population reaches 6 billion
Columbine High School massacre |
Davenport opens Raleigh office |
 |
2000 |
The billionth living person is born in India
First resident crew arrives at the International Space Station, marking the beginning of a continuous human presence in space
George W. Bush wins a highly contested election against Al Gore |
Davenport opens Sanford office
Davenport opens Public Finance Office in Towson
|
 |
2001 |
Apple introduces the iPod
America Online purchases Time Warner for $162 billion in the largest ever corporate merger
September 11 terrorist attacks
U.S. invasion of Afghanistan
|
Davenport joins world-wide community in sympathy, making donation to the United Way of New York in honor of those who lost their love ones in this tragic event
Joe Antrim, late Investment Policy Committee Chairman, gives an interview to the Wall Street Journal on his market outlook
|
 |
2002 |
The Euro enters circulation
Department of Homeland Security is established |
Davenport opens Danville office
Davenport Asset Management launches the FundAdvisor program and the Value & Income Portfolio
|
 |
2003 |
Completion of the Human Genome Project
U.S. invasion of Iraq |
|
 |
2004 |
Mark Zuckerburg launches Facebook
Boston Red Sox win the World Series for the first time since 1918
Indian Ocean earthquake and tsunami |
Davenport Asset Management launches the Equity Opportunities Portfolio
|
 |
2005 |
Hurricane Katrina hits the U.S. Gulf Coast |
|
 |
2006 |
Pluto is reclassified as a dwarf planet
United States population reaches 300 million
Virgin Galactic announces new spacecraft, designed specifically for space tourism |
Davenport & Company reaches record levels of gross revenue and AUM |
 |
2007 |
Nancy Pelosi becomes the first female Speaker of the House
The Dow Jones Industrial Average closes above 14,000 for the first time in history (this remains the highest closing level to date) |
Davenport Asset Management Reaches $3 Billion in Assets Under Management |
 |
2008 |
U.S. stock market crash and global financial crisis
Election of Barack Obama, first African-American president of the United States
|
10th Anniversary of the Davenport Core Fund (DAVPX); the Fund's Assets Under Management total $156 million.* |
 |
2009 |
"King of Pop" Michael Jackson dies at 50
Global pandemic of H1NI influenza strain, commonly known as "swine flu"
The crew of U.S. Airways Flight 1549 makes a successful crash landing in the Hudson River, saving the lives of all on board
Sonia Sotomayor becomes the third woman and the first Hispanic to serve on the U.S. Supreme court
Bernard Madoff is sentenced to 150 years in federal prison for defrauding thousands of investors in a massive Ponzi scheme
|
Davenport opens Greensboro office |
 |
2010 |
Deepwater Horizon oil rig explodes in the Gulf of Mexico
The Patient Protection and Affordable Care Act is passed |
Davenport opens Public Finance office in Charlotte
Davenport opens Leesburg office
BB Munford and Henry Valentine celebrate 60 years at Davenport |
 |
2011 |
The Arab Spring Revolution
Occupy Wall Street protest movement begins in New York City's financial district
Japanese earthquake & floods in Thailand affect millions of people
Osama bin Laden dies in Pakistan |
Davenport introduces two new no-load mutual funds, the Davenport Value & Income Fund (DVIPX) and the Davenport Equity Opportunities Fund (DEOPX)*
Davenport named one of the Best Places to Work in Virginia by VA Business Magazine
Davenport launches Davenport Shares program in an effort to strengthen our firm's philanthropic efforts |
 |
2012 |
Queen Elizabeth II celebrates her 60th anniversary of becoming Britain's Monarch
Apple Inc claims a value of $600 million making it the largest company by market capitalization in the world
Michael Phelps is named the most decorated Olympian of all time with 22 medals at the summer Olympics in London |
Lee Chapman IV is named President & Chief Operating Officer
Davenport opens Suffolk office
Assets Under Management for the Davenport Value & Income Fund and the Davenport Equity Opportunities Fund total $113 million and $62 million, respectively, as of June 30, 18 months after their inception*
Davenport & Company prepares to celebrate 150th anniversary in 2013
|