The document outlines the financial arrangements and policies of iCapital Advisors, LLC, including management fees, collaboration with Fidelity Brokerage Services, custody rules, and investment discretion. It details how iCapital compensates Fidelity for administrative services and the potential conflicts of interest arising from these arrangements. The document also explains the custody requirements for client funds and securities, and the investment discretion iCapital holds over the funds.
doj/DataSet10/EFTA01389603.pdf
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