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Iconoclastic Capital Management LLC

Updated today

Total assets under management

$55,244,012

Total clients

124

13% high-net worth

Total advisors

3

of 5 employees

Firm size

Supported

1-3 advisors, or $200M+ in AUM

Average clients per advisor

41

Average account size

$445,516

Client services

Financial planning Portfolio management

Fee options

Fixed

Project-Based Financial Planning flat fees range from $500 to $10,000, disclosed in advance.

Percentage

$0 - $200,000: 1.50% $200,001 - $500,000: 1.35% $500,001 - $1,000,000: 1.15% $1,000,001 - $2,000,000: 1.00% $2,000,001 - $5,000,000: 0.85% $5,000,001+: 0.65%

Other

Minimum fee: Comprehensive Wealth Management planning retainer: $2,400–$6,000 annually; Essentials Wealth Management planning retainer: $1,200–$4,500 annually; Project-Based Financial Planning fees range from $500 to $10,000 as flat fees Fee-only: Fee-only firm; compensation solely from clients; no commissions or product sales.

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Main office location

Iconoclastic Capital Management LLC

17 Prince Street

Rochester NY 14607, United States

Number of offices

1

Advisors at this firm

Chris H

CFP®, ChFC®, RICP®

Rochester, NY

Iconoclastic Capital Management LLC

We built this firm because the financial industry is broken. Here's a hard truth: Most financial advisors operate under a conflict of interest. They're paid to sell you products, even if they never admit it. Think about that. When you walk into a car dealership, you know the game. The salesperson wants you in the most expensive car possible - that's how they get paid. You know it, they know it, everyone knows it. But financial advisors? They play a different game. They present themselves as trusted experts, like doctors who are supposed to have your best interests at heart. Except most of them are secretly just car salespeople in scrubs, pushing investments, pricey insurance policies, and overly complex products – all because that’s how they make their money. That hypothetical problem with your doctor is a very real issue with financial advisors. It's why every day we see individuals sold investments they don’t need, overpriced insurance products that don’t fit the need, and accounts being billed an annual percentage when someone hasn’t looked at them in months. This happens because 99% percent of all financial advisors are paid in some form of commission. Those commissions vary wildly from investment to investment, policy to policy and account type to account type to further confuse the end consumer, you. It’s this issue that lead to the formation and even the name of our company. We operate as true fee-only fiduciaries. Meaning we can only be compensated with a single flat fee, and can receive no commission what so ever. This makes us completely unbiased and allows us to always have your best interests in mind.

Private / alternative investments Startup equity planning Founder/Business Owner Artists or Creative Gen X (Born 1965-1980)
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Jack H

Series 66

Rochester, NY

Iconoclastic Capital Management LLC

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Gene T

CFP®, ChFC®, Series 63

Rochester, NY

Iconoclastic Capital Management LLC

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