Potomac Fund Management Inc (Easton)
Potomac Fund Management Inc is a large advisory firm based in Easton. It manages $136.18 million of regulatory assets for 1,133 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 23 other states.
Potomac Fund Management provides financial planning services and portfolio management for individuals and small businesses. 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 Fund Management: assets under management
The assets under management (AUM) of Potomac Fund Management Inc is $136.18 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 138% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in investment and business development companies the most. They account for 100% of the total AUM.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Potomac Fund Management Inc for their services and products based on a percentage of assets under management and fixed 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.
What kind of clients Manish Kumar Khatta serves?
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Manish Kumar Khatta is individuals with 825 clients and $117.59 million of assets under management. Among the 7 most similar advisory firms, Potomac Fund Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $136.18 million for 842 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Potomac Fund Management doesn't advise any private funds.
Careers at Potomac Fund Management Inc
The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There are 80 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Manish Kumar Khatta has been acting as President since 1 Jan 2013. Mark James Palamaras has served as the Chief Investment Officer since 1 Nov 2003. Jeffrey Scott Goodnow joined the executive team most recently as the National Sales Manager.
Direct owners and executive officers
Based in Easton
The principal office where Potomac Fund Management Inc performs its advisory services is located at 5 E. Dover St., Easton, MD 21601, 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 1-888-768-6622 or by fax 888-768-6622. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at potomacfund.com/.
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