Retirement Plan Management & Fiduciary Support

Harness the Power of Independence

Low Cost Fiduciary Friendly Retirement Plans for Business

Potomac Wealth Management is a fee-only independent registered investment advisory (RIA) firm, with extensive experience in the design, management and deployment of low cost, fiduciary-friendly retirement plans for businesses and not-for-profit organizations. Potomac Wealth Management, LLC serves as a fiduciary to both individual clients as well as the company retirement plans we manage.

Plan Creation & Administration

We are experts in creating and administering low cost, fiduciary-friendly 401(k) and 403(b) retirement plans for business and non-profit entities.

Employee Education

Employee education increases plan participation and company sponsored retirement plans are one of the most sought-after employee benefits.

Reporting & Administration

Robust reporting ensures that owners and employees are updated on plan performance and are informed of changes and new opportunities.

Potomac Wealth Management, LLC works with a wide variety of business types and with non-profit organizations to devise, direct and manage low cost qualified defined contribution plans. We provide complete plan management and reporting, employee education to increase plan participation, and act in a fiduciary capacity representing your organization’s best interests without conflicts of interest.

 

We are independent and act as your fiduciary, Potomac Wealth Management, LLC must act in the best interests of its clients. This means the only incentive we have to recommend one investment over another is its merit as an investment, not the need to generate a commission.  We are completely free to create low cost plans tailored to the needs of the client.

 

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Most pre-packaged or “bundled” retirement programs offered by banks, mutual fund, and insurance companies are marketed in a way that makes them appear as an inexpensive alternative for employers who want to offer a retirement benefit to their employees. The reality however, is usually quite different as fees and other expenses embedded in those products often make them quite expensive. Besides being expensive, these organizations usually will not act as a fiduciary because, regardless of what they say or how nice they may be, the commission-based provider operates with a built in conflict of interest.

 

Get in Touch

If you are curious about whether our services are a good fit for you, please contact us to schedule a free consultation.

737 Walker Road Suite 1B
Great Falls, Virginia 22066
Phone: 202.236.9667
Business Hours: 9am–5pm M-F

Recent Posts

Do we really have to do what is best for the investor?

Believe it or not, this question is at the heart of a hotly debated new rule proposed by the Department of Labor (DOL) surrounding the investment alternatives and advice provided to retirement plan sponsors and participants. Simply put, many brokers who provide this advice can offer a number of alternatives to ERISA based plans and their participants. As long as the recommendation can be deemed a “suitable” one based on the investor’s objectives, the broker is free to recommend those that make him/her the most money instead of what is in the best interest of the client. It is easy to make the connection that the more money paid to the broker for selling an investment, generally, the worse the outcome for the investor. This dynamic represents an inherent conflict of interest. The broker is faced with the choice of generating enough commission to feed his family or provide the best advice to the client. Now, let’s add another dynamic. Assume that the company employing the broker demands a certain level of commission income from its representatives in exchange for their continued employment and those with the highest levels of commission will be rewarded by the company with higher pay and other perks. Now, the broker is faced with a slightly different choice, one of generating enough commission income to feed his family and buy that new Ferrari or lose his job. Since the commissioned based approach generally used by most providers of retirement plan services is one that is driven by this conflict of interest, the DOL proposed a new rule designed to elicit better advice for the...

How much do I need to save for retirement?

Watch Massi De Desantis PHD, Senior Researcher & Vice President Dimensional Fund Advisors discuss how much you need to save for retirement. Potomac Wealth Management is a Dimensional Funds-approved financial advisor, specializing passively managed index fund investments. If you are interested in working with PWM and making the most of your retirement we invite you to contact...

Phone: 202-236-9667
737 Walker Road, Suite 1B
Great Falls, VA 22066
info@potomacwealthmanagementllc.com

Contact Us

Potomac Wealth Management, LLC

737 Walker Road, Suite 1B
Great Falls, Virginia 22066
202-236-9667
info@potomacwealthmanagementllc.com