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Iconiq Capital Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Iconiq Capital

Formed in 2011, Iconiq Capital has already amassed more than $89 billion in assets under management (AUM). Based in San Francisco, Iconiq Capital specializes in investment management and serves a clientele that includes ultra-wealthy families and organizations. 

Iconiq Capital Background 

Iconiq Capital has been providing investment advisory services since 2011, including 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, Will Griffith and Mathew Jacobson. 

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: 

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
  • Building Blocks
  • 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: 

  • Asset allocation
  • 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%,but fees are negotiated on a client-by-client basis. 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. 

On an individually-negotiated basis, Iconiq charges some clients an incentive or performance fee, which entitles the firm to additional compensation based on the increase in value of those clients' accounts. Meanwhile, some clients have individually-negotiated flat fee structures that are not based on assets under management. 

Learn more about what advisors typically cost here.

What to Watch Out For

Iconiq Capital had no disclosures of legal or disciplinary action on its most recent Form ADV

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 information@iconiqcapital.com.

All information is accurate as of the writing of this article.

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How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.