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.
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 increases plan participation and company sponsored retirement plans are one of the most sought-after employee benefits.
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.
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.
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.
Contact us today to discuss how we can help you create a low cost, fiduciary-friendly retirement plan for your organization.
Get in Touch