# Icapital Advisors, LLC

> Icapital Advisors, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2015, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.

- CRD: 177513
- Filed as: ICAPITAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: September 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/177513
- AdvisorCensus page: https://advisorcensus.com/firm/icapital-advisors-llc-new-york-ny-177513

## Quick answers

**How is Icapital Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Icapital Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Icapital Advisors, LLC located?**
Icapital Advisors, LLC's principal office is in New York, NY, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Icapital Advisors, LLC registered with the SEC or a state?**
Icapital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 177513.

**How much does Icapital Advisors, LLC manage?**
Icapital Advisors, LLC reports $149,862,919,626 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (100% discretionary).

**How have Icapital Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Icapital Advisors, LLC: Regulatory assets under management: $20,914,598,694 in the October 2021 data and $149,862,919,626 in the October 2026 data, up 617%. Total employees: 138 in October 2021 and 552 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Icapital Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1,314).

**Does Icapital Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/177513

**What changed in Icapital Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 25 to 46. Regulatory assets under management went from $130,748,955,110 to $149,862,919,626 (+15%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)

### Regulatory assets under management (Item 5.F)
- Total: $149,862,919,626
- Discretionary: $149,862,919,626
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1,314 | $149,862,919,626 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2015 (10 years)
- Employees: 552 total, 46 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Greenwich, CT
- Princeton, NJ

### Websites listed on Form ADV (Item 1.I)
- [icapital.com](https://icapital.com)
- LinkedIn @icapital-network-inc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $20,914,598,694 | 138 | March 30, 2021 |
| October 2022 | $49,798,432,814 | 223 | July 1, 2022 |
| October 2023 | $82,055,831,111 | 270 | August 15, 2023 |
| October 2024 | $85,932,536,817 | 384 | August 15, 2024 |
| October 2025 | $130,681,260,421 | 418 | July 30, 2025 |
| October 2026 | $149,862,919,626 | 552 | September 30, 2026 |

Regulatory assets under management: $20,914,598,694 in the October 2021 data and $149,862,919,626 in the October 2026 data, up 617%.
Total employees: 138 in October 2021 and 552 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 25 to 46.
- Regulatory assets under management went from $130,748,955,110 to $149,862,919,626 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Icapital Advisors, LLC (CRD 177513): Form ADV filing data as of October 2026.