The document outlines iCapital Advisors, LLC's financial arrangements and agreements with various partners, including Fidelity Brokerage Services LLC and National Financial Services LLC. It details the management fee allocations, custody rules for client funds, and investment discretion policies. The document also highlights potential conflicts of interest due to compensation arrangements with Fidelity.
doj/DataSet10/EFTA01391298.pdf
{"document_type":"financial","document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC","iCapital Securities","Fidelity Brokerage Services LLC","National Financial Services LLC","Institutional Capital Network, Inc."],"reference_numbers":["DB-SDNY-0096144","SDNY_GM_00242328","EFTA01391298"]}