Iconiq Capital, LLC is a large advisory firm based in San Francisco. It manages $32.7 billion of regulatory assets for 1,074 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Florida, New York, and Texas.
Iconiq Capital provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, and portfolio management for private foundations.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Iconiq Capital, LLC is $32.7 billion. The firm's AUM has grown by 1985% since the beginning of its operation, and $7.28 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Iconiq Capital, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of James William Jesse is pooled investment vehicles with 182 clients and $16.75 billion of assets under management. Among the 7 most similar advisory firms, Iconiq Capital has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $32.7 billion for 412 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.
Iconiq Capital also advises several private funds. Namely, one real estate fund, ninety other private funds, and ninety one private equity funds. The minimum investment commitment required of non-related persons ranges from $2,259 to $300,000,000.
The company employs 240 people that are either part- or full-time employees. 31 percent of the employees work as investment advisers or researchers. 60 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
James William Jesse has been acting as President since 1 Apr 2017. William Nicholas Steiner joined the executive team most recently as the Chief Compliance Officer And Counsel.
The principal office where Iconiq Capital, LLC performs its advisory services is located at 394 Pacific Avenue, San Francisco, CA 94111 The mailing address of the firm is P.O. Box 2929, San Francisco, CA 94126 2929. An additional office of the firm is in Palo Alto, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 415-967-7763. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at iconiqcapital.com.