About ICM

Investor Cash Management

Investment Returns
+ Immediate Liquidity
= Investor Cash Management

Investor Cash Management Debit Card

ICM empowers clients to better manage their cash and earn much higher rates.

ICM Maximizes Your Returns

Investor

ICM benefits both new and experienced investors who want to maximize returns on their cash.

ICM earns you more than the average bank rate

Cash

ICM invests directly into securities and empowers you to earn more than the average bank rate.

ICM, Easy to Use

Management

ICM technology is an easy yet sophisticated tool to better manage your cash.

Our Mission

  • We believe your money generates wealth and you should keep it.
  • We believe in empowering individuals to make better financial decisions by providing them with objectively better financial products.
  • We believe in harnessing patent-pending technology to deliver intuitive solutions.
  • We believe in the power of strong partnerships to enable novice and experienced investors to achieve their financial goals.
  • We believe in forging a cohesive, inclusive community where we all have equal access to quality investment funds, including those previously unavailable to the vast majority of individuals.

Our Story

Many people have accounts that are paying historically low interest rates; in fact, the current national average is 6 bps (which means if you have $10,000 in your account, at the end of the year you get only $6 in interest). At the same time, investment securities such as government money market funds and ultrashort bond funds now yield more than 225 and 270 bps, respectively. Our value proposition is clear: our better financial products empower our clients to achieve returns more than 35 times higher on their assets.

We developed innovative, patent-pending technology to link cash management accounts directly to specified securities, and a prominent feature of our accounts is the investment card, which is a debit card linked directly to investment funds. Essentially, our proprietary technology transforms securities into digital transaction currencies: more directly, we combine the immediate liquidity and convenience of a cash management account with the higher returns of investment products – and it is all done seamlessly.

We have strong partnerships to provide quality products and service to our clients. ICM bank accounts are hosted at and investment cards are issued by Sutton Bank (which has issued 11+ million cards) on the Mastercard platform (which provides access to merchants globally). We use Plaid (which has analyzed 10+ billion transactions) to make the onboarding process secure and easy, and our clients can use their investment cards at Allpoint’s 55,000 surcharge-free ATMs (the world’s largest ATM network). ICM securities accounts are hosted at DriveWealth (a leader in global digital trading technology).

We enable sophisticated investors and those who have never invested to generate higher returns on their assets, and we create an inclusive community by providing all clients equal access to quality investment funds previously unavailable to the vast majority of individuals. When Joe Mansueto – the Founder and Chairman of Morningstar – began his company, among his greatest motivations was to democratize investing and convert savers into investors. As our partner and advisor, his vision and those goals drive us to perform every day for our clients.

How it Works

1Open your account with our app or desktop portal.
2Fund your account by direct deposit and/or ACH transfer. The first $125 will be held in cash in your ICM account, and the rest will be automatically swept daily into the investment fund(s) you select from our menu of securities.
3Access the funds in your account via your investment debit card, ATM, cash back from Mastercard merchants, online bill pay, P2P transfers, and ACH transfer. The corresponding amount of investment funds will be automatically sold and used to pay for your transactions.

We named our company Investor Cash Management because we deliver our clients the tools to better manage their cash assets by placing them in specific investment funds. The treasurer of a Fortune 500 company is able to invest the company’s assets in different investment funds for various purposes: for example, 1-30 day funds for payroll and rent; 2-12 month funds for nonrecurrent expenses; 1+ year funds for long-term investment. We do the same for you, empowering you to invest the money you need for monthly expenses in government money market funds and the money you allocate for income generation in ultrashort bond funds. You decide when and how much to place in your account, and at all times you have possession and control of your funds.

Our technology enables your funds to be invested until you need them, enabling you to earn much higher returns on your assets – without the hassle and stress of moving money between accounts or sending frequent orders regarding when to buy and sell investment funds. There are 3 key problems we solve:

  1. We eliminate the cost of purchasing and redeeming securities, as there is never any charge for buying or selling investment funds linked to your account.
  2. We simplify the investment choice by providing a menu of quality investment products.
  3. We provide immediate liquidity as you have access to your funds at all times.

The result is you can better manage your assets by investing them in specified securities and getting much higher returns. We believe your money generates wealth and you should keep it.

There are 3 key problems we solve:

We eliminate the cost of purchasing and redeeming securities, as there is never any charge for buying or selling investment funds linked to your account.
We simplify the investment choice by providing a menu of quality investment products.
We combine immediate liquidity with much higher returns, as you have access to your funds at all times.

We believe your money generates wealth and you should keep it.

Our Leadership Team

Fred Phillips
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Nizam Antoo
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Weining Liu
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Greg Berg
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Rayna Coleman
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Zahidull Islam
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AJ Montgomery
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Tanvir Roushan
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Wanling Su
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Ben Heidari

Ben Heidari
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Marie Harwell

Marie Harwell
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Joseph Burns

Joe Burns
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Kenneth Rogers

Kenneth Rogers
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Advisory Board

Ian Ayers
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Cornell Brooks
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Scott Burns
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Lance Weaver
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Ian Werner
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Join Our Team

ICM is growing quickly and looking for the highest quality talent. We want the smartest people who are intensely motivated to deliver the best products and services to our clients. We have a flat structure which encourages team members to contribute, thereby developing their careers and propelling our company. We offer attractive financial compensation, compelling benefits, and the opportunity to make a meaningful difference.

Our headquarters are in the iconic Wrigley Building in downtown Chicago, and you can contact us by email.


Fred Phillips
Fred obtained degrees from Cornell, Oxford, and Yale Universities. After being graduated from Yale Law School, he clerked for the Chief Judge of the U.S. Court of Appeals (9th Cir.); worked in the Honors Program of the Justice Department (including co-authoring briefs with now Chief Justice John Roberts); and received a Fulbright Scholarship. Afterwards, Fred directed ABN AMRO’s private equity investments in technology companies, and then directed The Carlyle Group’s international investments in financial services and fintech companies. Fred has served on the boards of over a dozen companies in the U.S. and Europe, including those that now have multi-billion dollar market caps. He has taught courses and seminars at Yale, London Business School, and Stanford Graduate School of Business, and he is on the Executive Committee for Yale Law School.


Nizam Antoo
Nizam is a fintech payments executive who was responsible for development of Visa’s Prepaid Product Category which generated over $100 billion in annual payments volume. He then developed and managed ADP’s card payments business, generating over $100 million in annual revenues. Nizam also served in an advisory capacity for several fintech companies in the crypto currency and digital identity industries. Nizam has 3 patents at Visa and is a graduate of the University of San Francisco.


Ian Ayers
Ian is the William K. Townsend Professor at Yale Law School and Yale School of Management. He has authored 11 books on data analysis and retail investment (including The New York Times best-seller Super Crunchers and Lifecycle Investing). Ian is renowned as among the most prolific and most-cited law professors of his generation, and his contributions span a range of issues including investment, intellectual property, contracts, and behavioral economics.


Cornell Brooks
Cornell is Professor of the Practice of Public Leadership and Social Justice at the Harvard Kennedy School.  He is also Director of The William Monroe Trotter Collaborative for Social Justice at Harvard’s Center for Public Leadership and a visiting scholar at Harvard Divinity School.  Cornell is the former president and CEO of the National Association for the Advancement of Colored People (NAACP), a civil rights attorney, and an ordained minister who has held numerous senior positions in the public and private sector.


Scott Burns
Scott oversees Morningstar’s product strategy for the asset management client segment and is the Head of Data, Research, and Index Products responsible for Morningstar’s global licensing businesses to advisory firms, asset managers, and technology firms. Scott previously served as Morningstar’s Head of Product Solutions, leading global business strategy and solution development for asset management and advisor clients. He established Morningstar’s ETF research team and later became the Head of Global Manager Research.


Weining Liu
Weining has extensive experience in programming, coding, and API development. With degrees in electrical engineering and computer science, he led teams in Asia, EMEA, and N. America for Ericsson and BlackBerry before focusing on technology development for multiple clients including Morningstar and leading fintech companies.


Greg Berg
Greg is an operations specialist whose skills range from implementation to program management. With degrees in physics and law, and following his experience as a practicing lawyer, at Republic Bank he focused on guiding teams in IT, operations, and finance to ensure compliance with regulatory requirements and card network rules.


Ian Werner
Ian is the Head of Strategic Partnerships and Market Structure for Bloomberg. He is the former general counsel and head of business development for global securities exchanges including Equiduct and Turquoise (owned by a consortium of investment banks including Goldman Sachs, Morgan Stanley, UBS, and Deutsche Bank).


Zahidull Islam
Zahidull is a digital technology specialist with substantial experience in project and program management. Previously a senior manager at Accenture and an IT team leader at Morningstar, Zahidull has successfully delivered multiple projects to Fortune 100 clients, led cross-platform partnerships, and excelled as a solution architect for financial portals and financial advisors.


Wanling Su
Wanling is a compliance specialist previously at Promontory Financial where she advised clients regulated by the Treasury and OCC on governance and risk management issues, with a focus on financial institutions with cross-border exposure. Her responsibilities included implementing systems to detect suspicious activity in conformity with revised anti-money laundering regulations. Wanling obtained degrees in neuroscience and poetry before becoming the youngest female graduate of Yale Law School, where she was the executive editor of the Yale Journal of Law and Technology.


Lance Weaver
Lance is a widely recognized leader in international payments and finance, previously serving as the Chairman of the Board of Mastercard. Lance was the Executive Vice-Chairman and Chief Administrative Officer of MBNA, then the world’s largest independent credit card issuer before its sale to Bank of America, where Lance led both the bank’s international and North American credit card businesses. Lance has also advised companies including Visa, Citigroup, Virgin Money, and TSYS.


Ian Werner
Ian is the Head of Strategic Partnerships and Market Structure for Bloomberg. He is the former general counsel and head of business development for global securities exchanges including Equiduct and Turquoise (owned by a consortium of investment banks including Goldman Sachs, Morgan Stanley, UBS, and Deutsche Bank).


Rayna Coleman
Rayna is a risk management expert with substantial experience and deep knowledge of risk mitigation, reconciliation, and operations. With Vantiv and then Payline Data, she managed processing platforms and developed fraud prevention programs, where her responsibilities included implementing risk policies, procedures, and strategies.


AJ Montgomery
AJ has significant knowledge of asset management products and specializes in providing solutions for financial advisors, independent broker-dealers, and their clients. With the Series 7, 63, and 65 licenses, AJ previously worked at Fidelity and Zacks Investment Management, where he focused on product offerings for a broad range of retail investors.


Tanvir Roushan
Tanvir is a front-end developer and data scientist with degrees in computer science and engineering. He has worked as the developer and project manager of numerous mobile apps, and his skills encompass data analysis, data mining, machine learning, and database modeling.


Ian Werner
Ian is the Head of Strategic Partnerships and Market Structure for Bloomberg. He is the former general counsel and head of business development for global securities exchanges including Equiduct and Turquoise (owned by a consortium of investment banks including Goldman Sachs, Morgan Stanley, UBS, and Deutsche Bank).


Ben Heidari
Ben has extensive experience across the financial services industry. He is partnered with asset managers on product distribution through software and with financial advisors on technology solutions and investment products. Ben previously worked as a director with Oranj and a senior regional consultant with William Blair. Ben is a Chartered Alternative Investment Analyst (CAIA) and a graduate from Indiana Kelley School of Business.


Marie Harwell
Marie is a rising junior at the University of Chicago majoring in both Business Economics and Political Science. On campus, she is a member of her university’s Model United Nations competition team, where she has won first or second place at all competitions attended. She also has managed committees for the two Model UN conferences hosted by University of Chicago students. Marie has worked or volunteered on campus as a barista, pre-orientation leader, student notes taker, and college housing representative; she is also the past Panhellenic Representative for her sorority (Alpha Omicron Pi). This past summer, she studied Italian history and art for college credit while abroad with Harvard Summer School in Venice, Italy.


Joe Burns
Joe is a rising third-year student-athlete majoring in Business Economics and Public Policy at the University of Chicago.  At school, he is a starter on the varsity baseball team, Vice President of FCA, and a Prospective Member Chair in his fraternity. He is involved as a National Latin Scholar, Sponsors for Educational Opportunity Scholar (in the Investment Banking Program), as well as a representative for alumni outreach via the University of Chicago Maroon Line. His background in Capital Markets Origination and in Sports Management, noting his affiliation working with the New York Yankees, has helped to prepare him for this role at ICM.


Kenneth Rogers
Kenneth is a rising Junior at the University of Chicago majoring in Business Economics. On campus, Kenneth is on the executive board of his fraternity, serving on the judicial committee. Kenneth has externship experience at UBS Investment Bank and Financial Services Wealth Management Division where he was tasked with monitoring market activity and providing daily reports on financial markets. Last summer, Kenneth interned at The University of Chicago’s Urban Institute of Education, acting as a coalition consultant. Kenneth has also taken multiple courses at the University of Chicago’s Booth school of business including financial accounting, corporation finance and marketing management.