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 a Form ADV Part 2A for iCapital Advisors, LLC, outlining its business practices, fees, custody arrangements, and investment discretion. It also discloses potential conflicts of interest arising from compensation arrangements with Fidelity and other third-party advisors.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0098712
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital | business | Fidelity | 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. | business | 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. |
Notable Quotes 1
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.
Red Flags 1
- Potential conflicts of interest due to compensation arrangements between iCapital and Fidelity, and third-party registered investment advisors or brokers.
Financial Information
Assets:
- iCapital Private Access Funds
Transactions:
- iCapital will allocate a portion of the Management Fee it receives in respect of such Investors 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
Public Knowledge
- Context
- This document is a Form ADV Part 2A, which is a disclosure document required by the SEC for registered investment advisors. The information contained in this document is generally available to the public.
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 flowLegal matters/litigationBusiness dealingsCommunications/correspondence
Organizations 8
Aspen Grove Capital, LLCiCapital Advisors, LLCiCapital SecuritiesFidelity Brokerage Services LLCNational Financial Services LLCFidelityInstitutional Capital Network, Inc.public company accounting oversight board
Financial Entities 5
broker-dealersregistered investment advisorsbankssavings associationsregistered broker-dealers
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, and its relationships with other financial entities, including potential conflicts of interest.
File Info
- File Name
- EFTA01393223.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:48.712616
- DOJ Source
- View on DOJ