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Iconiq Co-Founder Starts Rival Wealth Firm, Swipes at Conflicts

  • Boeding’s Epiq Capital will cater to ultra-wealthy clientele
  • He says new adviser won’t offer in-house funds as Iconiq does
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One of four co-founders of Iconiq Capital has left to start a rival firm, while calling out conflicts of interest in the wealth-management industry.

Chad Boeding is opening Epiq Capital Group, which will cater to the same kind of ultra-wealthy clientele as his previous firm, according to a statement Tuesday from the new company. At least 10 former Iconiq employees joined San Francisco-based Epiq this month, according to their LinkedIn profiles. The adviser caters to clients worth at least $100 million and will offer direct investments. But unlike Iconiq, it won’t peddle its own venture or private equity funds.