Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
Form ADV Part 2A
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This document is iCapital Advisors' Form ADV Part 2A, which details their brokerage practices, account review procedures, and client referral/compensation arrangements. It outlines how iCapital selects brokers, reviews fund performance, and compensates parties involved in private placement of fund interests.
Metadata
- Subject
- Brokerage Practices, Review of Accounts, Client Referrals and Other Compensation
- Sender
- Ian Slome, iCapital Advisors, LLC
- Recipients
- —
- Document ID
- DB-SDNY-0094399
- Date
- —
Relationships 4
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital Securities, LLC | affiliate | iCapital Advisors, LLC | iCapital Securities, LLC is an affiliate of iCapital Advisors, LLC. |
| iCapital Advisors, LLC | investment manager | Private Access Funds | iCapital generally will not make investments in securities listed on national exchanges with respect to the Private Access Funds. |
| iCapital Advisors, LLC | investment manager | Direct Access Fund | iCapital has selected a Sub-Adviser that had been delegated trading authority on behalf of the applicable Direct Access Fund. |
| iCapital Securities | financial | Underlying Fund Manager | Any placement fees generated from an investment by a Private Access Fund in an Underlying Fund will be paid to iCapital Securities by an Underlying Fund Manager (or its affiliates). |
Notable Quotes 2
In seeking to achieve best execution, iCapital will not be obligated to obtain the lowest commission or best net price for a Private Access Fund in respect of any particular transaction.
Investors in Funds structured as private equity funds will generally receive quarterly statements detailing their account information including the account's beginning and ending equity. and the account's performance for that period.
Financial Information
Assets:
- securities listed on national exchanges
- Private Access Fund investments
- Direct Access Fund portfolio transactions
Transactions:
- Placement fees generated from an investment by a Private Access Fund in an Underlying Fund will be paid to iCapital Securities by an Underlying Fund Manager (or its affiliates).
- Sub-Adviser may use "soft dollar" credits generated by a Direct Access Fund's securities transactions with broker-dealers to pay for research and execution products or services that fall within the safe harbor created by Section 28(e) of the Securities Exchange Act of 1934.
Public Knowledge
- Context
- Form ADV Part 2A is a disclosure document required by the SEC.
Legal Compliance
- Sub-Adviser may use "soft dollar" credits generated by a Direct Access Fund's securities transactions with broker-dealers to pay for research and execution products or services that fall within the safe harbor created by Section 28(e) of the Securities Exchange Act of 1934.
Raw Analysis JSON
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Themes
Financial transactions/money flowBusiness dealingsLegal matters/litigation
People 1
Organizations 6
iCapital Advisors, LLCiCapital Securities, LLCPrivate Access FundsDirect Access FundUnderlying FundsUnderlying Fund Manager
Financial Entities 1
broker-dealers
Text Analysis
- Tone
- Professional
- Purpose
- To disclose iCapital's brokerage practices, review of accounts, and client referral and compensation arrangements.
- Significance
- This document outlines iCapital's policies regarding brokerage practices, account reviews, and compensation arrangements, providing transparency to investors.
File Info
- File Name
- EFTA01390029.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:55.311641
- DOJ Source
- View on DOJ