Iconiq Capital, LLC

CRD#159198
Investment Advisor Firm

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Overview

Iconiq Capital, LLC operates as an advisory company that has its headquarters in San Francisco, California. Iconiq Capital, LLC has $77.2 billion in assets across 1,416 accounts, placing it among the largest firms in the country by assets under management (AUM). The company has a large group, including 137 financial advisors. Iconiq Capital, LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments such as options, equities and bonds.

Iconiq Capital, LLC oversees some of its accounts in a discretionary manner. Discretionary management is a structure in which transaction choices are made by a portfolio manager without needing client authorization. The company also oversees 789 non-discretionary accounts with a total of $15.8 billion in assets under management. Iconiq Capital, LLC's average account size is $54.5 million. An average financial advisor at Iconiq Capital, LLC administers about 10 client accounts, placing it among the more individualized firms in the country.

The firm's central office is at 394 Pacific Avenue, San Francisco, California 94111. The company is legally allowed to serve clients across a few states, including California, Florida, New York and Texas.

Assets Under Management

$77.2 billion

Number of Advisors

137

Disclosures

No

Office Location

394 Pacific Avenue
San Francisco, CA 94111

Iconiq Capital, LLC by the Numbers

Total Assets Under Management

$77.2 billion

National Average: $8.6 billion
Total Number of Employees

452

National Average: 64
Total Number of Accounts

1,416

National Average: 375,227
Average Account Size

$54.5 million

National Average: $23.0 thousand
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Products and Services

Iconiq Capital, LLC provides a variety of financial services, which can consist of portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers and other services. However, Iconiq Capital, LLC did not provide financial planning services to any of its accounts in the previous fiscal year. It does sell products or offer services other than investment advisory services to its clients. The firm is affiliated with a number of other service providers in the financial services industry, including with a commodity pool advisor.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

A financial advisor's fees usually depend on the type of financial services provided. However, fees charged by the company most likely include the following fee structures: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 26% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

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    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm works with high net worth investors, pooled investment vehicles and charitable organizations. Out of its 1,416 accounts, Iconiq Capital, LLC's largest client is high net worth investors, although it also caters to 312 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 8% of the company's customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 47.06%
  • Other Individuals - 0%
  • Corporations - 41.48%
  • Charitable Organizations - 11.46%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Iconiq Capital, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Iconiq Capital, LLC

Sonia Bui
San Francisco, CA
William Steiner
San Francisco, CA
Matthew Burns
San Francisco, CA
Ryan Ebeling
San Francisco, CA
Nicholas Wagstaff
San Francisco, CA
Peter Chow
San Francisco, CA
Michael Alpert
San Francisco, CA
Michael Manzi
San Francisco, CA
Eileen Harris
San Francisco, CA

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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