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, includingfamily office services. It also focuses on technology growth equity, venture capital, middle market buyout and real estate opportunities. The firm's partners areDivesh 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:
- High-net-worth individuals
- Pooled investment vehicles
- Charitable organizations
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 circ*mstances 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:
- 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 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
- Optionwriting, 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 undermanagement. Learn more about what advisors typically cost here.
What to Watch Out For
Iconiq Capital had no currentdisclosures 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 [email protected].
All information is accurate as of the writing of this article.
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