AdvisorCensus / Financial advisors / District of Columbia / Washington / Potomac
Potomac is an SEC-registered investment advisory firm in Bethesda, MD, registered since 1988, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 27, 2026.
Quick answers
From the filingHow is Potomac compensated?
On its Form ADV (Item 5.E, October 2026), Potomac reports these compensation arrangements: a percentage of assets under its management.
Where is Potomac located?
Potomac's principal office is in Bethesda, MD, according to its Form ADV.
Is Potomac registered with the SEC or a state?
Potomac is an SEC-registered investment advisory firm, registered since 1988. Status as filed: Approved. CRD 105413.
How much does Potomac manage?
Potomac reports $3,277,115,272 in regulatory assets under management in its Form ADV filing dated May 27, 2026 (100% discretionary).
How have Potomac's assets and staff changed since 2021?
In the Form ADV data for Potomac: Regulatory assets under management: $290,703,240 in the October 2021 data and $3,277,115,272 in the October 2026 data, up 1027%. Total employees: 11 in October 2021 and 36 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Potomac serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,137); high net worth individuals (120); investment companies (4).
Which custodians does Potomac use?
Potomac's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Distributors Company LLC as custodians holding 10% or more of its separately managed account assets.
Does Potomac report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105413
What changed in Potomac's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 25 to 27. Regulatory assets under management went from $2,406,097,311 to $3,277,115,272 (+36%). Registered or notice-filed in PA. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated May 27, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$3,277,115,272 as of October 2026, filing dated May 27, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
Registration and firm details
Items 1, 2, 5- Legal name
- Potomac Fund Management Inc
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1988 (38 years)
- Employees
- Total: 36. Performing investment advisory functions: 27.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
27 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $3,277,115,272 | 36 | May 27, 2026 |
| October 2025 | $2,406,097,311 | 33 | July 30, 2025 |
| October 2024 | $1,393,170,206 | 24 | June 5, 2024 |
| October 2023 | $1,054,657,970 | 17 | July 12, 2023 |
| October 2022 | $353,109,534 | 15 | May 16, 2022 |
| October 2021 | $290,703,240 | 11 | September 29, 2021 |
Regulatory assets under management: $290,703,240 in the October 2021 data and $3,277,115,272 in the October 2026 data, up 1027%.
Total employees: 11 in October 2021 and 36 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 25 to 27.
- Regulatory assets under management went from $2,406,097,311 to $3,277,115,272 (+36%).
- Registered or notice-filed in PA.
- Updated its list of owners and control persons (Schedule A).
- January 2026
- Registered or notice-filed in AR, MN.
- No longer registered or notice-filed in GA, LA, PA, VA.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Potomac (CRD 105413): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/potomac-bethesda-md-105413