Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
Form ADV Part 2A
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:44
Summary
This document is iCapital Advisors, LLC's Form ADV Part 2A, which describes the firm's business practices, including fees, custody arrangements, and investment discretion. It also highlights potential conflicts of interest related to compensation arrangements with Fidelity and other third parties.
Metadata
- Subject
- iCapital Advisors, LLC Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0039988
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital | business | Fidelity | iCapital compensates Fidelity for providing administrative services in respect of investors who custody their investment in one or more iCapital Funds with Fidelity. |
| Institutional Capital Network, Inc. | business | Fidelity | Institutional Capital Network, Inc. has committed to an annual marketing spend with Fidelity to promote the iCapital network. |
Red Flags 1
- Potential conflict of interest due to compensation arrangements between iCapital and Fidelity.
Financial Information
Transactions:
- iCapital allocates a portion of the Management Fee it receives in respect of such Investors to certain broker-dealers or registered investment advisors for services provided by such broker-dealer or registered investment advisor to such Investor's account.
- iCapital compensates Fidelity for providing certain administrative services in respect of investors who custody their investment in one or more iCapital Funds with Fidelity.
- Institutional Capital Network, Inc., has committed to an annual marketing spend with Fidelity through which it will promote the iCapital network to Fidelity's platform of registered investment advisers and brokers.
Legal Compliance
- The existence of such compensation arrangements could create a potential conflict of interest.
- Any such compensation arrangement could create an incentive for Fidelity or any third party registered investment adviser or broker to recommend the interests in the iCapital Private Access Funds to investors where they might not otherwise make such recommendation.
Raw Analysis JSON
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Themes
Financial transactions/money flowBusiness dealingsLegal matters/litigation
Organizations 7
Annandale CapitaliCapital Advisors, LLCiCapital SecuritiesFidelity Brokerage Services LLCNational Financial Services LLCFidelityInstitutional Capital Network, Inc.
Financial Entities 2
iCapital FundsiCapital Private Access Funds
Text Analysis
- Tone
- Professional
- Purpose
- To provide information about iCapital Advisors, LLC, including its fees, custody practices, and investment discretion.
- Significance
- This document outlines the business practices of iCapital Advisors, LLC, including potential conflicts of interest and custody arrangements.
File Info
- File Name
- EFTA01355134.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:44:01.126910
- DOJ Source
- View on DOJ