iconik is a stock trading platform where investors can band together to have a stronger voice at the companies they invest in.
Here’s how it works:
1) buy whatever stocks and/or ETFs you like,
2) for some stocks, you’ll have an option to join campaigns on issues like climate change,
3) to join, swipe a slider to let iconik know that you want to use your shareholder votes to support the campaign’s goals
That’s it! As you trade on the platform, iconik Impact visualizes how your portfolio's voting power is being used to support campaigns.
iconik taps into a massive, unused potential to reclaim influence over public companies. Currently, only 12% of people vote their shares, but over 90% of institutional investors (i.e. index funds, hedge funds) vote. These institutional investors often use their shareholder votes to prevent progress on environmental and social issues.
But iconik goes beyond just voting. When investors band together, the group becomes more than the sum of its parts: it becomes a political force that companies must listen to, or ignore at their own peril.