# 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.

- CRD: 105413
- Filed as: POTOMAC
- Legal name: Potomac Fund Management Inc
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bethesda, MD
- Filing period: October 2026
- Form ADV filing dated: May 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105413
- AdvisorCensus page: https://advisorcensus.com/firm/potomac-bethesda-md-105413

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Distributors Company LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $3,277,115,272
- Discretionary: $3,277,115,272
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,137 | $87,972,445 |
| High net worth individuals | 120 | $88,940,912 |
| Investment companies | 4 | $3,100,201,915 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 1988 (38 years)
- Employees: 36 total, 27 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AR, AZ, CA, CO, FL, HI, IA, IL, IN, KS, MA, MD, MI, MN, MT, NC, NE, NJ, NV, NY, OH, OR, PA, TN, TX, UT, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- potomac.com
- Facebook @PotomacHQ
- Instagram @potomacofficial
- LinkedIn @POTOMACOFFICIAL
- X @potomacofficial
- YouTube @potomacstudios

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $290,703,240 | 11 | September 29, 2021 |
| October 2022 | $353,109,534 | 15 | May 16, 2022 |
| October 2023 | $1,054,657,970 | 17 | July 12, 2023 |
| October 2024 | $1,393,170,206 | 24 | June 5, 2024 |
| October 2025 | $2,406,097,311 | 33 | July 30, 2025 |
| October 2026 | $3,277,115,272 | 36 | May 27, 2026 |

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.

## 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Potomac (CRD 105413): Form ADV filing data as of October 2026.