Potomac Asset Management Co Inc (Frederick)

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

Name	Entity	Date acquired	Ownership	Employer ID
Goodloe Edgar Byron	Director	1 Aug 1995	50% - 75%	1028918
Winston Churchill	Shareholder	1 Aug 1995	Other	4347633
Lp Potmac Investment Services	Shareholder	1 Aug 1995	75% - 100%	52-1912769
Inc. Potomac Investment Services	Shareholder	1 Aug 1995	Other	52-1912767
Inc. Ssip (Delaware)	Shareholder	1 Aug 1995	Other	51-0291171
Churchill Invetsment Partners	Shareholder	1 Aug 1995	Other	23-2735876
Churchill Investment Partners	Shareholder	1 Aug 1995	Other	23-2735876
Lp Potomac Investment Services	Shareholder	1 Aug 1995	75% - 100%	52-1912769
Richard Brower	Director	1 Dec 1998	Other	4347915
Brenton Edward Ayer	Secretary/treasurer	1 May 1999	Other	4137571
Cynthia Ann Hargadon	President	1 Jul 2000	Other	2240797
Christopher J. Doherty	Managing director	1 Apr 2001	Other	4402238
Goodloe Edgar Byron	President, chief compliance officer	1 Dec 2001	75% - 100%	1028918
Christopher Alan Weir	Vice president finance	1 Apr 2002	Other	2013845
Kevin George Quinn	Managing director	1 Apr 2002	Other	2023297

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.