iCapital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
iCapital reports 220 clients. They include 120 individual clients, 60 high-net-worth individuals, and 39 pension and profit-sharing plans. Nearly all assets ($1.45B across 524 accounts) are managed with discretion; $390K across 4 accounts are not. Of its clients, 1% are outside the U.S. It advised 220 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 55% | 3% |
| High-net-worth individuals | 27% | 14% |
| Pension and profit-sharing plans | 18% | 83% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 120 | $45.2M | 3.1% | $376K |
| High-net-worth individuals | 60 | $199M | 13.7% | $3.32M |
| Pension and profit-sharing plans | 39 | $1.21B | 83.1% | $31M |
| Charitable organizations | Fewer than 5 | $720K | 0.0% | $720K |
| Total | 220 | $1.45B | 100% | — |
- Clients
- 120
- Regulatory AUM
- $45.2M
- AUM share
- 3.1%
- Avg. per client
- $376K
- Clients
- 60
- Regulatory AUM
- $199M
- AUM share
- 13.7%
- Avg. per client
- $3.32M
- Clients
- 39
- Regulatory AUM
- $1.21B
- AUM share
- 83.1%
- Avg. per client
- $31M
- Clients
- Fewer than 5
- Regulatory AUM
- $720K
- AUM share
- 0.0%
- Avg. per client
- $720K
Total
- Clients
- 220
- Regulatory AUM
- $1.45B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 220
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
iCapital is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
Katie Umile owns 75% or more of iCapital. The leadership team of iCapital includes Chief Compliance Officer Katie Umile. It has 9 employees, 6 of them in advisory roles.
Leadership
- Katie UmileCEO/Manager/Chief Compliance Officer
- Richard UmileMember
- Rosemary UmileMember
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Molly Anne Goodwin
- Erika Krohomer
- Tanya Marie McMahon
- Meghan Elisabeth Rooney
- Ryan D Rutherford
- Katie Ann Umile
- Erin Flynn Wells
Staff
- 9 employees
- 6 in advisory functions
- 6 state-registered reps
- Owns 75% or more of Icapital, LLC
Katie Umile
Control person · since August 2002
- Owns 10% to 25% of Icapital, LLC
Richard Umile
Control person · since March 2003
- Owns 10% to 25% of Icapital, LLC
Rosemary Umile
Control person · since April 2007
iCapital’s regulatory assets grew 1.7× from $848M (March 2021) to $1.45B (March 2026); clients were 220 in both filings and employees fell from 11 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.45B | 220 | 9 | 1 |
| April 2025 | $1.24B | 219 | 9 | 1 |
| March 2024 | $1.12B | 105 | 9 | 1 |
| March 2023 | $958M | 228 | 10 | 1 |
| March 2022 | $1.09B | 237 | 10 | 1 |
| March 2021 | $848M | 225 | 11 | 1 |
Besides its headquarters, iCapital has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 62 Plympton Street, BostonHQ
Contact and registration details
- Legal name
- Icapital, LLC
- Headquarters
- 62 Plympton Street, Boston, MA 02118
- Website
- icapitalforme.com
- Phone
- 617-542-8700
- @icapital
- SEC file
- 801-61527
- Structure
- Massachusetts LLC
- Fiscal year end
- December
iCapital uses Fidelity ($894M, 62%), Charles Schwab ($399M, 28%) and Alerus Securities ($156M, 11%) as custodians for its separately managed accounts. iCapital has custody of $15.9M in client assets for 9 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $399M28%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $894M62%
- Alerus SecuritiesAlerus Securities Corporation · Grand Forks, ND · $156M11%
At year end, iCapital’s separately managed accounts were mostly in funds (93%).
What the accounts hold
- Stocks7%
- Funds93%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash3%
How many clients does iCapital have?
iCapital has 220 clients and manages $1.45 billion for them, as of March 2026. They include 120 individual clients, 60 high-net-worth individuals, and 39 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does iCapital offer?
iCapital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does iCapital use?
iCapital’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $894M, Charles Schwab & Co., Inc. (San Francisco, CA), with $399M and Alerus Securities Corporation (Grand Forks, ND), with $156M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does iCapital have?
iCapital has 6 investment adviser representatives registered with state securities authorities, out of 9 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does iCapital invest in?
At the end of its last fiscal year, iCapital’s separately managed accounts held 93% registered funds (mutual funds, ETFs, BDCs), 7% exchange-traded equities, 3% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns iCapital?
iCapital’s direct owners are Katie Umile (75% or more), Richard Umile (10% to 25%) and Rosemary Umile (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does iCapital get paid?
iCapital is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact iCapital?
iCapital’s main office is at 62 Plympton Street, Boston, MA 02118. Its phone number is 617-542-8700. Its website is icapitalforme.com.