Potomac Fund Management

CRD#105413
Investment Advisor Firm

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Learn more about Potomac Fund Management

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Potomac Fund Management is located at 777 Brickell Ave., Miami, FL. The firm employs 24 financial advisors to manage client portfolios and provide financial guidance. Potomac Fund Management is not a registered broker-dealer.

    Potomac Fund Management oversees $1.4 billion in assets under management across 2,289 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, and the publication of newsletters. The firm caters to retail investors, high net worth investors, investment companies, and corporations, with retail investors being the largest client type by accounts. The fee structure at Potomac Fund Management includes asset-based and fixed fees. The firm has 48 high net worth clients.

    Potomac Fund Management is registered in the states of Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Maryland, Massachusetts, Michigan, Montana, Nebraska, Nevada, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.

    Assets Under Management

    $1.4 billion

    Number of Advisors

    24

    Disclosures

    No

    Office Location

    777 Brickell Ave.
    Miami, FL 33131

    Potomac Fund Management by the Numbers

    Total Assets Under Management

    $1.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    24

    National Average: 64
    Total Number of Accounts

    2,289

    National Average: 375,227
    Average Account Size

    $608.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Potomac Fund Management offers a variety of services, which can include portfolio management for individuals and small businesses, portfolio management for investment companies, and publication of newsletters. However, Potomac Fund Management did not provide financial planning services to any of its customers in the prior fiscal year. The Company is not involved in selling products or offering services other than investment advisory services to its investment advisory clients.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees largely depend on which service is offered. Fees billed by Potomac Fund Management may include some blend of the following fee structures: asset-based or fixed.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 0% of firms

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company provides services to retail investors, high net worth investors, investment companies, and corporations. Out of its 4 clients, Potomac Fund Management's biggest client type by number of accounts is investment companies, although it also serves 48 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 3.53%
    • Other Individuals - 96.1%
    • Corporations - 0.37%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Potomac Fund Management does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Potomac Fund Management

    Jonathon Lovingood
    Miami, FL
    Linwood Reynolds
    Salem, VA
    Wes Mccrimmon
    Miami, FL
    Jon Ferraiolo
    Miami, FL
    Michael Rogers
    Texarkana, TX
    Kolby White
    Henrico, VA
    Jonathan Fecko
    Miami, FL
    Daniel Russo
    Manhasset, NY
    Emilio Estrada
    Miami, FL

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