iCapital, LLC is an independent wealth management firm based in Boston, Massachusetts, providing investment management and retirement plan consulting services. Founded in 1999, the firm manages portfolios for individuals, families, trusts, charitable organizations, and small businesses, as well as qualified retirement plans. iCapital builds personalized investment portfolios using strategic asset allocation and Modern Portfolio Theory, primarily utilizing exchange-traded funds, mutual funds, individual stocks, and bonds. The firm operates with a strong focus on custom portfolio design, risk assessment, and ongoing quarterly portfolio monitoring and rebalancing. iCapital also assists employer plan sponsors with retirement plan fiduciary services, compliance reviews, and participant education.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $300K | 1.25% |
| $300K - $600K | 1.15% |
| $600K - $1.0M | 1.00% |
| $1.0M - $3.0M | 0.95% |
| $3M+ | 0.85% |
Fees are non-negotiable, though iCapital reserves the right to charge lower fees or waive account minimums. Accounts under $40,000 are subject to a $500 minimum annual fee.