Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
Form ADV Part 2A
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document is Form ADV Part 2A for iCapital Advisors, LLC. It describes the firm's fees, custody practices, investment discretion, and potential conflicts of interest, particularly those arising from compensation arrangements with Fidelity.
Metadata
- Subject
- —
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0 100456
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital Advisors, LLC | Payment | iCapital Securities | iCapital Securities makes payments to iCapital Advisors, LLC when it referred Investor's investment in a Fund. |
| iCapital | Collaboration and services agreements | Fidelity Brokerage Services LLC | 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. | Marketing spend | 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.
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 compensation arrangements between iCapital and Fidelity 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 dealings
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 fees, custody practices, and investment discretion.
- Significance
- This document outlines the business practices of iCapital Advisors, LLC, including potential conflicts of interest.
File Info
- File Name
- EFTA01394444.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:06.687776
- DOJ Source
- View on DOJ