The document is a Form ADV Part 2A from iCapital Advisors, LLC, detailing brokerage practices, review of accounts, and client referrals and compensation. It outlines the brokerage practices for Private Access Funds and Direct Access Funds, including the selection of brokers and the use of 'soft dollar' credits. It also describes the review process for fund performance and the distribution of financial statements to investors. Additionally, it covers the role of iCapital Securities, LLC in private placements and the compensation structure for third-party broker-dealers.
doj/DataSet10/EFTA01391297.pdf
{"document_type":"financial","document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC","iCapital Securities, LLC","BBR Partners"],"reference_numbers":["DB-SDNY-0096143","SDNY_GM_00242327","EFTA01391297"]}