Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
other
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document is Form ADV Part 2A for iCapital Advisors, LLC, outlining its compensation arrangements with entities like Fidelity and its custody practices. It highlights potential conflicts of interest arising from these arrangements and describes how iCapital complies with custody rules for fund-of-funds.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0040420
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital Advisors, LLC | business | iCapital Securities | iCapital Securities makes payments to broker-dealers or registered investment advisors for services related to investor's investment in a Fund. |
| iCapital | business | Fidelity Brokerage Services LLC | 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
- The existence of compensation arrangements could create a potential conflict of interest.
Financial Information
Transactions:
- iCapital allocates a portion of the Management Fee it receives to certain broker-dealers or registered investment advisors.
- iCapital compensates Fidelity for providing certain administrative services.
- Institutional Capital Network, Inc. has committed to an annual marketing spend with Fidelity.
Legal Compliance
- Potential conflict of interest due to compensation arrangements with Fidelity and other third-party registered investment advisors or brokers.
Raw Analysis JSON
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Themes
Financial transactions/money flowBusiness dealingsLegal matters/litigation
People 1
Organizations 7
iCapital Advisors, LLCiCapital SecuritiesFidelity Brokerage Services LLCNational Financial Services LLCFidelityInstitutional Capital Network, Inc.public company accounting oversight board
Text Analysis
- Tone
- Professional
- Purpose
- To provide information about iCapital Advisors, LLC, including its compensation arrangements and custody practices.
- Significance
- This document outlines potential conflicts of interest and custody practices related to iCapital's business operations.
File Info
- File Name
- EFTA01355323.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:32.423224
- DOJ Source
- View on DOJ