Potomac Asset Management Co Inc (Frederick)
By Ava Barnes
Potomac Asset Management Co Inc is a large advisory firm based in Frederick. It manages $114.26 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Maryland.
Potomac Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Potomac Asset Management: assets under management
The assets under management (AUM) of Potomac Asset Management Co Inc is $114.26 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 334% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $114.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.14 million each.
Potomac Asset Management has custody of $97 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Potomac Asset Management Co Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
Careers at Potomac Asset Management Co Inc
Goodloe Edgar Byron has been acting as President since 1 Aug 1995. Christopher Alan Weir joined the executive team most recently as the Vice President Finance.
Direct owners and executive officers
Based in Frederick
The principal office where Potomac Asset Management Co Inc performs its advisory services is located at 5 South Market Street, Frederick, MD 21701, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 301.695.9229 or by fax 301.695.9597. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.
