SmartAsset did not receive compensation for including any of the firms or advisors SmartAsset is not a client of the aforementionedįirms or advisors. Which SmartAsset is compensated for lead referrals. This profile may include a firm or advisor that has a business relationship with SmartAsset, in No special treatment or consideration in SmartAsset’s profiles. Profile content is produced by SmartAsset independently of anyīusiness relationships that might exist between SmartAsset and the named financial professional andįirm, and financial professionals and firms having business relationships with SmartAsset receive To report any data inconsistencies or errors, please named financial professional and firm have not reviewed, approved, or endorsed this profile andĪre not responsible for its accuracy. The content in this profile was updated by SmartAsset on using publicly available data However, fees billed by Iconiq Capital, LLC can include any blend of asset-based, fixed and performance-based fees.
The firm performs a number of services, such as portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers and other services.įees charged by financial advisors largely vary depending on which services the firm provides the client. Of its 1,276 client accounts, 54% are held by high-net-worth individuals who have at least $1 million in investable assets. The firm advises 49 charities and foundations. It oversees $89 billion in assets across its 1,276 client accounts, placing it among the biggest financial advisory firms in the United States by assets under management.
It has offices in two locations and a total of 378 employees. Iconiq Capital, LLC is a financial advisory business that has its headquarters in San Francisco, California. Bednarz has a Series 65 license, qualifying them as an investment advisor representative, and is able to serve investors in California. Their career trajectory has included roles at Goldman Sachs, University Of Notre Dame, Marin Academy and Iconiq Capital. The fund also holds sizeable stakes in Datadog and Robinhood.Tessa Bednarz is a financial advisor operating in San Francisco, California, with 12 years of work experience. Shares of the cloud company have tumbled about 55% this year and sit about 62% off their highs. The company trimmed that holding by nearly 29% during the period, according to InsiderScore. Snowflake was Iconiq’s biggest holding at the end of the second quarter roughly at $2.42 billion. As of the end of the most recent quarter in June, Iconiq beefed up its stake in Alphabet by nearly 528% to $31 million, while also boosting its position in Meta Platform s by more than 15%, according to InsiderScore. At the end of June, the tech-heavy portfolio boasted 65 holdings across industries like cloud, software, financial technology, cybersecurity and big tech. Earlier this year, the firm invested in Madison Realty Capital, a real estate private equity firm. Previously, Iconiq led funding rounds for Finnish food delivery startup Wolt - which was acquired by DoorDash in June - and public code repository GitLab.
The private fund, which launched in 2011 and is headed by former banker Divesh Makan, manages more than $80 billion in assets and has previously invested in companies such as Snowflake and Robinhood. During the second quarter, Iconiq Capital opened a roughly $275 million position in DoorDash while also upping its stake in a slew of beaten-up technology giants. This family office with billionaire Silicon Valley clients builds a big stake in DoorDashĪn under-the-radar San Francisco-based fund that has managed money for prominent billionaire clients including Mark Zuckerberg and Jack Dorsey is betting big on food delivery giant DoorDash.
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