# Iconoclastic Capital Management LLC

> Iconoclastic Capital Management LLC is an SEC-registered investment advisory firm in Rochester, NY, registered since 2025, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 310132
- Filed as: ICONOCLASTIC CAPITAL MANAGEMENT LLC
- Also doing business as: ICONO CAPITAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Rochester, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/310132
- AdvisorCensus page: https://advisorcensus.com/firm/iconoclastic-capital-management-llc-rochester-ny-310132

## Quick answers

**How is Iconoclastic Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Iconoclastic Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does Iconoclastic Capital Management LLC charge?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Flat fee: $500 to $10,000 (Project-Based Financial Planning). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Iconoclastic Capital Management LLC located?**
Iconoclastic Capital Management LLC's principal office is in Rochester, NY, according to its Form ADV.

**Is Iconoclastic Capital Management LLC registered with the SEC or a state?**
Iconoclastic Capital Management LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 310132.

**How much does Iconoclastic Capital Management LLC manage?**
Iconoclastic Capital Management LLC reports $68,178,878 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**What types of clients does Iconoclastic Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (121); high net worth individuals (20).

**Which custodians does Iconoclastic Capital Management LLC use?**
Iconoclastic Capital Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Altruist Financial LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Iconoclastic Capital Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/310132

**What changed in Iconoclastic Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $55,244,012 to $68,178,878 (+23%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Flat fee: $500 to $10,000 (Project-Based Financial Planning)

> We offer distinct project-based planning options, each designed for a specific client profile and scope of services. Project fees range from $500 to $10,000 depending on complexity.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Altruist Financial LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $68,178,878
- Discretionary: $68,178,878
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 121 | $38,611,086 |
| High net worth individuals | 20 | $29,567,792 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2025 (1 year)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, LA, NC, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- iconocapital.com
- iconocapital.substack.com
- Facebook @iconoclasticcapital
- Instagram @iconocap
- LinkedIn @iconocapital

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $55,244,012 to $68,178,878 (+23%).
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Iconoclastic Capital Management LLC (CRD 310132): Form ADV filing data as of October 2026.