Formed in 2011, Iconiq Capital has already amassed more than $39.63 billion in assets under management (AUM). It specializes in investment management and serves a clientele that includes ultra-wealthy families and organizations. The firm has offices in San Francisco, New York, Palo Alto and Singapore.
Iconiq Capital Background
Iconiq Capital has been providing investment advisory services since 2011. It specializes in providing investment advisory and family office services. It also focuses on technology growth equity, venture capital, middle market buyout and real estate opportunities. The firm's partners are Divesh Makan, Michael Anders, and Will Griffith.
Iconiq Capital Client Types and Minimum Account Size
According to records it filed with the SEC, Iconiq Capital is equipped to serve the following types of clients:
- Family offices
- Individuals and high-net-worth individuals
- Trusts, estates and charitable organizations
- Corporations, limited liability companies and other business types
- Private pooled investment vehicles
Iconiq Capital generally provides services to clients with a net worth of at least $25 million. However, it may waive this rule on a case-by-case basis. In addition, the firm reserves the ICONIQ Private Funds to accredited investors only. And these clients must make a minimum initial investment of $10,000.
Services Offered by Iconiq Capital
Iconiq Capital offers investment advisory services through third-party portfolio managers. In addition, the firm advises and manages its own mutual fund families. They include:
- ICQ Investments
- ICQ Opportunities
- ICONIQ Access
- ICQ CPE
- ICQ CVC
- ICONIQ Strategic Partners
- ICONIQ Real Estate
However, Iconiq can build a customized portfolio that reflects your individual circumstances such as your risk tolerance, time horizon and investment goals.
Iconiq Capital Investment Philosophy
Iconiq Capital employs several analytical strategies when making investment recommendations. For instance, the firm evaluates stocks it may invest in by exploring the financial health of the companies they are tied to. This process may involve examining several points such as their financial records as well as the state of their competitors and economic sector. This method is known as fundamental analysis. Iconiq also applies the following methods of analysis:
Additionally, Iconiq doesn’t necessarily limit its exposure to specific securities and will consider a wider net than traditional advisors if it deems this appropriate to your situation. The firm may use the following strategies:
- Long-term purchases (securities held at least a year)
- Short-term purchases (securities sold within a year)
- Trading (securities sold within 30 days)
- Short sales
- Margin transactions
- Option writing, including covered options, uncovered options or spreading strategies
Fees Under Iconiq Capital
Clients of Iconiq Capital generally pay a management fee based on a percentage of assets under management (AUM). The firm currently sets the ceiling for this fee at 1.5%. Additionally, clients must pay all expenses associated with the underlying funds that their portfolio invests in.
The firm provides detailed fee information for its private funds is in each fund’s documents.
Below, we compare Iconiq's maximum advisory fee against median rates at the national level.
|*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.|
|Estimated Fee Comparison*|
|Your Assets||Iconiq Capital||National Median Advisory Fees**|
|$1MM||$15,000||$8,500 - $10,000|
|$5MM||$75,000||$25,000 - $32,500|
Learn more about what advisors typically cost here.
What to Watch Out For
One thing to note: Iconiq Capital specializes in asset management. Unlike other firms, it generally doesn’t offer stand-alone financial planning services around topics like budgeting and paying off debt. So if you’re seeking specific financial assistance that’s not necessarily related to investing, Iconiq Capital may not be the right advisor for you.
Opening an Account With Iconiq Capital
To contact Iconiq Capital, call (415) 967-7763 or send an email to firstname.lastname@example.org.
All information is accurate as of the writing of this article.
Tips for Finding a Financial Advisor
- Before you sign up with a financial advisor, make sure they are a fiduciary. This means they are legally bound to put your best interests first. For more things to know about prospective advisors, check out our story about the questions to ask when choosing a financial advisor.
- Use SmartAsset's financial advisor matching tool. After answering some questions about your goals, you’ll be linked with up to three advisors in your area. You can access their profiles to compare their qualifications before making a decision.