Potomac Fund Management Pays for Staff to Get Personal Financial Advice

The latest in a series of new employee benefits, the firm has now added financial advice and tax services to its list of employee perks

Potomac Fund Management, Inc., an investment strategist firm for financial advisors, rolled out a new employee benefit that covers the cost for employees to get financial advice from well-known advisor Vance Barse, CPWA, AIF, and offers a stipend of up to $400 for support in doing their taxes each year.

“It was an honor and a privilege to receive the invite from Manish [Khatta] to serve as the in-house fiduciary financial planning firm for the Potomac team”

Barse’s firm is founded on a culture of authenticity and transparency—two things Potomac has become known for in the financial services community. Specializing in wealth preservation, estate planning, tax reduction, and financial planning strategies, Barse will offer a wide range of financial resources to Potomac’s team members.

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“It was an honor and a privilege to receive the invite from Manish [Khatta] to serve as the in-house fiduciary financial planning firm for the Potomac team,” Barse said. “Your Dedicated Fiduciary® is excited to establish this mutual alignment of interest in bringing Potomac staff financial planning value. We believe this is a great benefit for employees.”

Potomac’s dynamic, high-energy work culture attracted eight new team members this year. Recognizing that expenses like housing, health care, college, etc., continue to rise for every employee, Chief Executive Officer Manish Khatta decided to add this benefit to help team members manage their financial lives and therefore be better able to put their best foot forward in the workplace.

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“We are always evaluating ways to reward our employees for their hard work and dedication. Of course, bonuses and raises are important, but, in addition to that, we wanted to offer free access to financial advice as a means of supporting our team,” Khatta said. “All team members are encouraged to engage with these services and get tips on how to better handle their financial affairs. Our employees give their all to ensure our clients are getting the best service and results that they can. It’s a no-brainer to give back and return the favor by empowering them in their own financial lives.”

The rollout of this benefit follows Potomac transparently displaying its employee values, benefits, and perks on its website in October, encouraging all financial services firms to do the same.

This year, Potomac has reached more than $600 million AUM/AUA and has achieved more than 330 percent asset growth in the last 18 months.