The document outlines the financial arrangements and agreements of iCapital Advisors, LLC, particularly focusing on their collaboration with Fidelity Brokerage Services LLC and National Financial Services LLC. It details the compensation arrangements, custody rules, and investment discretion policies related to iCapital's management of funds. The document also highlights potential conflicts of interest due to compensation arrangements with Fidelity and other third-party advisors.
documents/EFTA01386513.pdf
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