Potomac Wealth Strategies, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$44,965,737
Total clients
53
36% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
53
Average account size
$848,410
About
Potomac Wealth Strategies, LLC provides investment supervisory services, financial planning, and referrals to third‑party money managers for individuals, high‑net‑worth clients, trusts, estates, charitable organizations, and corporate/business clients. The firm prepares an individualized Investment Policy Statement and Investment Plan and offers ongoing portfolio monitoring and asset‑type guidance for mutual funds, ETFs, equities, fixed income, REITs, and other permitted securities.
The firm operates on a non‑discretionary basis, documenting client risk tolerance and seeking client permission prior to executing trades; its brochure shows $0 in discretionary assets and $29,777,103 in non‑discretionary assets as of December 2023 (total AUM reported separately). Investment decisions are informed by fundamental analysis and a mix of long‑ and short‑term strategies, with written reviews delivered at least annually and additional reviews triggered by material events or client changes.
Compared with many independent advisers, Potomac Wealth Strategies manages significant non‑discretionary assets and serves corporate/business clients (features that are statistically less common among peers). The firm also discloses operational practices that may be material to prospective clients: it typically requires use of its recommended custodian (Schwab Institutional), does not accept custody or proxy voting, and will reduce its advisory fee by 50% when a client hires an outside money manager while the client typically pays separate fees to both advisers.
Client services
Financial planning
Portfolio management
Expertise
Wealth management
Annuities
Fee options
$1 - $500,000: 1.50% $501,000 - $1,000,000: 1.25% $1,000,001 - $2,000,000: 1.00% Above $2,000,000+: 0.85%
Fee-only: Fixed fees between $500 and $2,000 for financial planning
Main office location
Potomac Wealth Strategies, LLC
Alexandria VA, United States
Number of offices
1
Most active in
Potomac Wealth Strategies, LLC has reported serving >5 clients in these states in the last 12 months.
Virginia
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
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