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Iconiq Capital Review

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Iconiq Capital

Formed in 2011, Iconiq Capital has already amassed more than $32.69 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. 

What Types of Clients Does Iconiq Capital Accept?

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 Minimum Account Size

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 the economic sector they’re involved in. This method is known as fundamental analysis. Iconiq also applies the following methods of analysis:

  • Charting
  • Technical
  • Cyclical 

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 condition and needs. 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**
$500K $7,500 $5,000
$1MM $15,000 $8,500 - $10,000
$5MM $75,000 $25,000 - $32,500
$10MM $150,000 $50,000

What to Watch Out For

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.

Disclosures

At the time of this writing, Iconiq Capital doesn’t have any disclosures or disciplinary actions to report. 

Opening an Account With Iconiq Capital

To contact Iconiq Capital, call (415) 967-7763 or email: information@iconiqcapital.com. 

Where Is Iconiq Capital Located?

You can find Iconiq Capital at the following address: 

394 Pacific Ave., 2nd Floor

San Francisco, CA 94111

Tips for Finding a Financial Advisor

  • Before you sign up with a financial advisor, make sure they are a fiduciary. This means they are ethically 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 our SmartAsset 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.

How Many Years $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 cost of living in retirement there.

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

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then 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.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research