An insight into the electronic structure of several hafnium(IV), zirconium(IV), and lutetium(III) phthalocyaninoclathrochelates has been discussed on the basis of experimental UV-vis, MCD, electro- and spectroelectrochemical data as well as density functional theory (DFT) and time-dependent DFT (TDDFT) calculations. On the basis of UV-vis and MCD spectroscopy as well as theoretical predictions, it was concluded that the electronic structure of the phthalocyninoclathrochelates can be described in the first approximation as a superposition of the weakly interacting phthalocyanine and clathrochelate substituents. Spectroelectrochemical data and DFT calculations clearly confirm that the highest occupied molecular orbital (HOMO) in all tested complexes is localized on the phthalocyanine ligand. X-ray crystallography on zirconium(IV) and earlier reported hafnium(IV) phthalocyaninodathrochelate complexes revealed a slightly distorted phthalocyanine conformation with seven-coordinated metal center positioned similar to 1 angstrom above macrocyclic cavity. The geometry of the encapsulated iron(II) ion in the clathrochelate fragment was found to be between trigonal-prismatic and trigonal-antiprismatic.