Icon Financial Services offers discretionary portfolio management and financial education through a wrap fee program. Icon Financial uses an online platform to provide algorithm-based investment advice. Clients make contributions into their Individual Retirement Accounts directly from their employer. The wrap fee includes custody, trading, clearance, and other administrative services.
Assets Under Management$6.8M
Clients2,552
Advisors3
Avg. per Client$2.6K
Avg. per Advisor$2.3M
Fee Structure
Minimum Investment:$25
Investment management only (planning not offered)
Icon Financial charges a wrap fee that covers investment advisory services. The annual wrap fee includes an Assets Under Management (AUM) fee of 0.37% and a fixed dollar amount based on account size:
- $0 - $500: $0 + 0.37% of your portfolio
- $500 - $1,000: $12 + 0.37% of your portfolio
- $1,000 - $3,000: $24 + 0.37% of your portfolio
- $3,000 or more: $48 + 0.37% of your portfolio
If you haven't made an initial deposit or moved funds, you won't be charged. Icon Financial may negotiate, reduce, or waive the advisory fee for certain clients.
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