Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
Form ADV Part 2A
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document is Form ADV Part 2A for iCapital Advisors, LLC, which discloses information about the firm's compensation arrangements with Fidelity and other parties, as well as its custody practices. It highlights a potential conflict of interest arising from these compensation arrangements.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0099577
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital | business | Fidelity | iCapital compensates Fidelity for providing certain administrative services. |
| Institutional Capital Network, Inc. | business | Fidelity | Institutional Capital Network, Inc. has committed to an annual marketing spend with Fidelity. |
Red Flags 1
- Potential conflict of interest due to compensation arrangements that could incentivize recommendations of iCapital Private Access Funds.
Financial Information
Transactions:
- Payment by iCapital Securities to referring investor's investment in a Fund
- Allocation of Management Fee by iCapital to broker-dealers or registered investment advisors
- Compensation from iCapital to Fidelity for administrative services
- Annual marketing spend commitment from Institutional Capital Network, Inc. to Fidelity
Legal Compliance
- Potential conflict of interest due to compensation arrangements with Fidelity and third-party registered investment advisors or brokers.
Raw Analysis JSON
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Themes
Financial transactions/money flowBusiness dealingsLegal matters/litigation
Organizations 7
GLDUS137 Forrestal Capital LLCiCapital Advisors, LLCiCapital SecuritiesFidelity Brokerage Services LLCNational Financial Services LLCFidelityInstitutional Capital Network, Inc.
Text Analysis
- Tone
- Professional
- Purpose
- To disclose information about iCapital Advisors, LLC, including 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
- EFTA01393790.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:35.985178
- DOJ Source
- View on DOJ