Iconiq Capital, LLC (San Francisco)

Name: Iconiq Capital, LLC
Address: 394 Pacific Avenue, San Francisco, CA, 94111
Telephone: 415-967-7763

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.

Iconiq Capital: assets under management

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 firm manages $13.88 billion in discretionary accounts and $18.81 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $27.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $33.36 million.

Iconiq Capital has custody of $27.03 billion in cash and securities for 278 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 28% of the total AUM. The second-largest asset type is state and local bonds, which make up 20% of the firm’s portfolio. Investments in pooled investment vehicles form 16% of the total invested assets.

Fees & Commissions

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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James William Jesse serves?

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.

Careers at Iconiq Capital, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Chad Louis Boeding	Partner	1 Nov 2011	Other	4262607
Divesh Kanthylal Makan	Partner	1 Nov 2011	Other	4447669
Michael Thomas Anders	Partner	1 Nov 2011	Other	4661709
L.P. Iconiq Capital Group	Sole member	1 Dec 2011	75% - 100%	45-4196961
Kevin Noel Foster	Chief of staff	1 Jan 2012	Other	4816072
Kathryn Susanne Mcbride	Chief compliance officer	1 Jan 2012	Other	4929868
Jennifer Tracey Dickinson	Chief compliance officer	1 May 2012	Other	6082325
William John Griffith	Partner	1 Jan 2013	Other	2378855
Jeremy Niel Armstrong	Chief compliance officer	1 May 2013	Other	1675339
Tom Min Ngo	Chief operating officer	1 Sep 2013	Other	4494020
Jed A Clark	Chief compliance officer and counsel	1 Dec 2013	Other	5002342
James William Jesse	President	1 Apr 2017	Other	4244855
Louis Thorne	Chief operating officer	1 Jun 2018	Other	6324721
William Nicholas Steiner	Chief compliance officer and counsel	1 Jul 2019	Other	6177042

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Chad Louis Boeding	Limited partner	1 Dec 2011	25% - 50%	4262607
Divesh Kanthylal Makan	Limited partner	1 Dec 2011	50% - 75%	4447669
Llc Iconiq Capital Group Gp	General partner	1 Dec 2013	Other	00-0000000
Divesh Kanthylal Makan	Sole member	1 Dec 2013	75% - 100%	4447669

Based in San Francisco

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.