New Potomac Partners LLC is a large advisory firm based in Bethesda. It manages $137.63 million of regulatory assets for 172 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, and 3 other states.
New Potomac Partners provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of New Potomac Partners LLC is $137.63 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay New Potomac Partners LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of New Potomac Partners is high net worth individuals with 80 clients and $120 million of assets under management. Among the 9 most similar advisory firms, New Potomac Partners has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $137.63 million for 117 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.
New Potomac Partners doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
The principal office where New Potomac Partners LLC performs its advisory services is located at 4330 East West Hwy, Bethesda, MD 20814, which is also the mailing address of the firm. An additional office of the firm is in Chapel Hill, NC. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 240-253-4280 or by fax 240-396-5608. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at newpotomacpartners.com/.