{"url":"https://nivawealth.com/firms/integrated-capital-management-149489","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/149489","regulatoryAum":232443145,"crd":"149489","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4911734","suffix":null,"lastName":"LEHMAN","firstName":"RYAN","middleName":"J"},{"crd":"2731688","suffix":null,"lastName":"PACIOTTI","firstName":"MICHAEL","middleName":"ANTHONY"},{"crd":"2421822","suffix":null,"lastName":"PERFILIO","firstName":"JOSEPH","middleName":"CLAYTON"},{"crd":"4459520","suffix":null,"lastName":"SEYLER","firstName":"PETER","middleName":"MORRIS"},{"crd":"7010783","suffix":null,"lastName":"Tugend","firstName":"Brian","middleName":"Andrew"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-05-25","regulatoryAum":143685595,"clients":546,"employees":8,"offices":1},{"filedOn":"2022-03-24","regulatoryAum":220782354,"clients":1059,"employees":8,"offices":1},{"filedOn":"2023-03-24","regulatoryAum":192066969,"clients":646,"employees":6,"offices":1},{"filedOn":"2024-03-08","regulatoryAum":198166408,"clients":736,"employees":6,"offices":1},{"filedOn":"2025-05-07","regulatoryAum":212324332,"clients":1025,"employees":6,"offices":1},{"filedOn":"2026-03-02","regulatoryAum":232443145,"clients":926,"employees":7,"offices":1}],"secFileNumber":"801-70055","legalName":"Integrated Capital Management, Inc.","displayName":"Integrated Capital Management","slug":"integrated-capital-management-149489","website":"https://integratedcapitalmanagement.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/integrated-captial-management-inc.","founded":null,"organization":"Pennsylvania corporation","fiscalYearEnd":"December","headquarters":{"street":"The Tekridge Center, 50 Alberigi Drive, Suite 114","city":"Jessup","state":"PA","stateName":"Pennsylvania","country":"United States","postalCode":"18434"},"tradeNames":[],"registration":{"secApproved":"14 April 2009","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":165751.0827664399,"staff":{"employees":7,"advisory":5,"brokerDealerReps":0,"insuranceAgents":1,"promoters":20},"aum":{"regulatory":232443145,"discretionary":232443145,"discretionaryAccounts":926,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":108742113,"nonUsClientsPct":0,"nonAumClients":2},"clientTypes":[{"label":"Individuals (other than HNW)","clients":872,"regulatoryAum":129605182},{"label":"High-net-worth individuals","clients":10,"regulatoryAum":16587273},{"label":"Pension and profit-sharing plans","clients":14,"regulatoryAum":23777879},{"label":"Charitable organizations","clients":6,"regulatoryAum":1819973},{"label":"State or municipal government entities","clients":24,"regulatoryAum":60652838}],"feePrograms":[{"role":"main","program":"Standard Annual Advisory Fee Option","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1013634","versionId":1013634,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-02","documentName":"INTEGRATED CAPITAL MANAGEMENT, INC. PART 2A DISCLOSURE BROCHURE","fee_rate_low":1.25,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T13:54:11.469039+00:00","documents":[{"name":"INTEGRATED CAPITAL MANAGEMENT, INC. PART 2A DISCLOSURE BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1013634","versionId":1013634,"submittedOn":"2026-03-02"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1013637","versionId":1013637,"submittedOn":null}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":203655327},{"name":"Matrix Trust Company","shortName":"Matrix Trust","location":"Denver, CO","smaAssets":23244314}],"custodyNote":"Integrated Capital Management has custody of $356K in client assets for 3 clients.","otherCustodians":[],"leadership":[{"name":"Michael Paciotti","title":"Vice President and Chief Investment Officer","crd":"2731688"},{"name":"Joseph Perfilio","title":"President and Chief Compliance Officer","crd":"2421822"},{"name":"Rorry Altmann","title":"Chief Operating Officer","crd":"6929068"}],"ownership":[{"label":"Joseph Perfilio","detail":"President and chief compliance officer in the 50% to 75% ownership band and a control person, since March 2009."},{"label":"Michael Paciotti","detail":"Vice president and chief investment officer in the 50% to 75% ownership band and a control person, since April 2009."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Pennsylvania","offices":1,"addresses":[{"street":"The Tekridge Center, 50 Alberigi Drive, Suite 114","city":"Jessup","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"570-344-0100","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services"],"financialPlanningClients":null,"assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":98},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"2 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/149489/PDF/149489.pdf","brochureDate":"2 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1013634","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Integrated Capital Management have?","answer":"Integrated Capital Management has 926 clients and manages $232 million for them, as of March 2026. They include 872 individual clients, 24 state or municipal government entities, and 14 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 2 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Integrated Capital Management offer?","answer":"Integrated Capital Management provides portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Integrated Capital Management charge?","answer":"Integrated Capital Management charges 1.25%–2.00% a year for its Standard Annual Advisory Fee Option. The fee is billed in advance and is negotiable.","source":"INTEGRATED CAPITAL MANAGEMENT, INC. PART 2A DISCLOSURE BROCHURE, filed 2 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Integrated Capital Management use?","answer":"Integrated Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $204M and Matrix Trust Company (Denver, CO), with $23.2M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Integrated Capital Management have?","answer":"Integrated Capital Management has 5 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Integrated Capital Management invest in?","answer":"At the end of its last fiscal year, Integrated Capital Management’s separately managed accounts held 98% registered funds (mutual funds, ETFs, BDCs) and 2% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Integrated Capital Management?","answer":"Integrated Capital Management’s direct owners are Joseph Perfilio (50% to 75%) and Michael Paciotti (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 2 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Integrated Capital Management get paid?","answer":"Integrated Capital Management is paid through a percentage of assets under management and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Integrated Capital Management?","answer":"Integrated Capital Management’s main office is at The Tekridge Center, 50 Alberigi Drive, Suite 114, Jessup, PA 18434. Its phone number is 570-344-0100. Its website is integratedcapitalmanagement.com.","source":"Form ADV Part 1A, Item 1.F, filed 2 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/integrated-capital-management-149489/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-07","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1608826/000160882626000008/0001608826-26-000008-index.html","totalValue":143323227,"positionCount":57,"top10Share":0.7050436563223629,"top10":[{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"US LARGE CAP VLU","cusip":"025072349","value":21583271,"shares":236633,"shareType":"SH","priorValue":19873284,"priorShares":246536},{"issuer":"ISHARES TR","titleOfClass":"EAFE VALUE ETF","cusip":"464288877","value":21061043,"shares":275128,"shareType":"SH","priorValue":19356725,"priorShares":260346},{"issuer":"VANGUARD SPECIALIZED FUNDS","titleOfClass":"DIV APP ETF","cusip":"921908844","value":10453787,"shares":44180,"shareType":"SH","priorValue":8992169,"priorShares":41812},{"issuer":"SPDR INDEX SHS FDS","titleOfClass":"ST STR PO EX ETF","cusip":"78463X889","value":9923129,"shares":196927,"shareType":"SH","priorValue":9098831,"priorShares":199317},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR PR SP1500","cusip":"78464A805","value":7019486,"shares":77316,"shareType":"SH","priorValue":6648229,"priorShares":84091},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST SHO TREAS ETF","cusip":"78468R101","value":6649373,"shares":229210,"shareType":"SH","priorValue":7656119,"priorShares":262376},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST INTER ETF","cusip":"78464A672","value":6483526,"shares":228374,"shareType":"SH","priorValue":6764957,"priorShares":236042},{"issuer":"VANECK ETF TRUST","titleOfClass":"JP MRGAN EM LOC","cusip":"92189H300","value":6171711,"shares":241460,"shareType":"SH","priorValue":6812112,"priorShares":271291},{"issuer":"PIMCO EQUITY SER","titleOfClass":"RAFI DYN EMERG","cusip":"72202L389","value":5861782,"shares":207610,"shareType":"SH","priorValue":5692264,"priorShares":227511},{"issuer":"DOUBLELINE ETF TRUST","titleOfClass":"MORTGAGE ETF","cusip":"25861R402","value":5842024,"shares":119008,"shareType":"SH","priorValue":5944364,"priorShares":120380}],"positionsListed":57,"positions":[{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"US LARGE CAP VLU","cusip":"025072349","value":21583271,"shares":236633,"shareType":"SH","priorValue":19873284,"priorShares":246536},{"issuer":"ISHARES TR","titleOfClass":"EAFE VALUE ETF","cusip":"464288877","value":21061043,"shares":275128,"shareType":"SH","priorValue":19356725,"priorShares":260346},{"issuer":"VANGUARD SPECIALIZED FUNDS","titleOfClass":"DIV APP ETF","cusip":"921908844","value":10453787,"shares":44180,"shareType":"SH","priorValue":8992169,"priorShares":41812},{"issuer":"SPDR INDEX SHS FDS","titleOfClass":"ST STR PO EX ETF","cusip":"78463X889","value":9923129,"shares":196927,"shareType":"SH","priorValue":9098831,"priorShares":199317},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR PR SP1500","cusip":"78464A805","value":7019486,"shares":77316,"shareType":"SH","priorValue":6648229,"priorShares":84091},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST SHO TREAS ETF","cusip":"78468R101","value":6649373,"shares":229210,"shareType":"SH","priorValue":7656119,"priorShares":262376},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST INTER ETF","cusip":"78464A672","value":6483526,"shares":228374,"shareType":"SH","priorValue":6764957,"priorShares":236042},{"issuer":"VANECK ETF TRUST","titleOfClass":"JP MRGAN EM LOC","cusip":"92189H300","value":6171711,"shares":241460,"shareType":"SH","priorValue":6812112,"priorShares":271291},{"issuer":"PIMCO EQUITY SER","titleOfClass":"RAFI DYN EMERG","cusip":"72202L389","value":5861782,"shares":207610,"shareType":"SH","priorValue":5692264,"priorShares":227511},{"issuer":"DOUBLELINE ETF TRUST","titleOfClass":"MORTGAGE ETF","cusip":"25861R402","value":5842024,"shares":119008,"shareType":"SH","priorValue":5944364,"priorShares":120380},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"US QUALTY FCTR","cusip":"46641Q761","value":5799573,"shares":80238,"shareType":"SH","priorValue":4163906,"priorShares":67905},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST POR TREAS ETF","cusip":"78468R457","value":5683637,"shares":189076,"shareType":"SH","priorValue":6575025,"priorShares":217248},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US SMALL CAP ETF","cusip":"25434V815","value":5183936,"shares":133641,"shareType":"SH","priorValue":4706441,"priorShares":134316},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR NUVEE ETF","cusip":"78468R721","value":2801125,"shares":61160,"shareType":"SH","priorValue":3122592,"priorShares":68871},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST LON TREAS ETF","cusip":"78464A664","value":2713619,"shares":103455,"shareType":"SH","priorValue":2868750,"priorShares":109078},{"issuer":"ISHARES TR","titleOfClass":"RUS 1000 GRW ETF","cusip":"464287614","value":2703399,"shares":21772,"shareType":"SH","priorValue":2202339,"priorShares":5165},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST INTER BD ETF","cusip":"78464A375","value":2489558,"shares":74404,"shareType":"SH","priorValue":2721343,"priorShares":81137},{"issuer":"WISDOMTREE TR","titleOfClass":"FLOATNG RAT TREA","cusip":"97717Y527","value":1711933,"shares":34001,"shareType":"SH","priorValue":1569960,"priorShares":31187},{"issuer":"VANGUARD TAX-MANAGED FDS","titleOfClass":"VAN FTSE DEV MKT","cusip":"921943858","value":1432087,"shares":20099,"shareType":"SH","priorValue":1226679,"priorShares":19143},{"issuer":"FIDELITY COVINGTON TRUST","titleOfClass":"MSCI RL EST ETF","cusip":"316092857","value":976379,"shares":33324,"shareType":"SH","priorValue":841326,"priorShares":31264},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR P500VAL","cusip":"78464A508","value":930857,"shares":15313,"shareType":"SH","priorValue":917011,"priorShares":16207},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"TOTAL STK MKT","cusip":"922908769","value":682748,"shares":1845,"shareType":"SH","priorValue":531901,"priorShares":1658},{"issuer":"BLACKROCK MUNIHOLDINGS FD IN","titleOfClass":"COM","cusip":"09253N104","value":450008,"shares":37816,"shareType":"SH","priorValue":307534,"priorShares":27264},{"issuer":"PIMCO MUN INCOME FD II","titleOfClass":"COM","cusip":"72200W106","value":440173,"shares":57841,"shareType":"SH","priorValue":598681,"priorShares":79086},{"issuer":"BLACKROCK TAX MUNICPAL BD TR","titleOfClass":"SHS","cusip":"09248X100","value":421471,"shares":26065,"shareType":"SH","priorValue":465115,"priorShares":28764},{"issuer":"EATON VANCE TAX-MANAGED BUY-","titleOfClass":"COM","cusip":"27828Y108","value":413734,"shares":27805,"shareType":"SH","priorValue":423031,"priorShares":30946},{"issuer":"ISHARES TR","titleOfClass":"MSCI EMG MKT ETF","cusip":"464287234","value":402196,"shares":5879,"shareType":"SH"},{"issuer":"EATON VANCE ENHANCED EQUITY","titleOfClass":"COM","cusip":"278277108","value":380487,"shares":17263,"shareType":"SH"},{"issuer":"EATON VANCE TAX-MANAGED GLOB","titleOfClass":"COM","cusip":"27829C105","value":379816,"shares":39400,"shareType":"SH","priorValue":412377,"priorShares":46968},{"issuer":"PIMCO HIGH INCOME FD","titleOfClass":"COM SHS","cusip":"722014107","value":378856,"shares":81300,"shareType":"SH","priorValue":390503,"priorShares":84342},{"issuer":"NUVEEN S&P 500 DYNAMIC OVERW","titleOfClass":"COM","cusip":"6706EW100","value":344839,"shares":18500,"shareType":"SH","priorValue":553356,"priorShares":34434},{"issuer":"BLACKROCK MUN TARGET TERM TR","titleOfClass":"COM SHS BEN IN","cusip":"09257P105","value":318548,"shares":14002,"shareType":"SH","priorValue":415889,"priorShares":18321},{"issuer":"INVESCO QQQ TR","titleOfClass":"UNIT SER 1","cusip":"46090E103","value":314122,"shares":427,"shareType":"SH","priorValue":246205,"priorShares":427},{"issuer":"SRH TOTAL RETURN FUND INC","titleOfClass":"COM","cusip":"101507101","value":265948,"shares":14857,"shareType":"SH","priorValue":285749,"priorShares":16710},{"issuer":"VIRTUS CONVERTIBLE & INCOME","titleOfClass":"COM NEW","cusip":"92838X805","value":251560,"shares":14301,"shareType":"SH","priorValue":241889,"priorShares":16256},{"issuer":"VIRTUS TOTAL RETURN FD INC","titleOfClass":"COM","cusip":"92835W107","value":251459,"shares":36817,"shareType":"SH","priorValue":306703,"priorShares":46330},{"issuer":"BLACKROCK ENHANCED GLOBAL","titleOfClass":"COM","cusip":"092501105","value":248735,"shares":20574,"shareType":"SH","priorValue":273023,"priorShares":24911},{"issuer":"FLAHERTY & CRUMRIN PFD & INM","titleOfClass":"COM","cusip":"338478100","value":247869,"shares":15225,"shareType":"SH","priorValue":262725,"priorShares":16961},{"issuer":"SABA CAPITAL INCOME & OPRNT","titleOfClass":"SHS NEW","cusip":"78518H202","value":246485,"shares":37517,"shareType":"SH","priorValue":300926,"priorShares":44648},{"issuer":"EATON VANCE SR FLTNG RTE TR","titleOfClass":"COM","cusip":"27828Q105","value":241788,"shares":22810,"shareType":"SH"},{"issuer":"WESTERN ASSET MANAGED MUNS F","titleOfClass":"COM","cusip":"95766M105","value":234799,"shares":22533,"shareType":"SH","priorValue":313328,"priorShares":30479},{"issuer":"ELEVATION SERIES TRUST","titleOfClass":"RIVE ACTI IN ETF","cusip":"210322673","value":223946,"shares":27213,"shareType":"SH","priorValue":194196,"priorShares":24745},{"issuer":"BNY MELLON STRATEGIC MUNS IN","titleOfClass":"COM","cusip":"05588W108","value":223759,"shares":34638,"shareType":"SH","priorValue":272877,"priorShares":43383},{"issuer":"NEUBERGER MUN FD INC","titleOfClass":"COM","cusip":"64124P101","value":216574,"shares":20528,"shareType":"SH","priorValue":237366,"priorShares":23386},{"issuer":"NYLI MACKAY DEFINEDTERM MUNI","titleOfClass":"COM","cusip":"56064K100","value":216016,"shares":13937,"shareType":"SH","priorValue":263545,"priorShares":17747},{"issuer":"VIRTUS CONVERTIBLE & INC FD","titleOfClass":"COM NEW","cusip":"92838U801","value":212089,"shares":13339,"shareType":"SH","priorValue":195026,"priorShares":14543},{"issuer":"HIGHLAND OPPS & INCOME FD","titleOfClass":"HIGHLAND INCOME","cusip":"43010E404","value":208804,"shares":29285,"shareType":"SH","priorValue":193944,"priorShares":33966},{"issuer":"EATON VANCE TAX MNGED BUY WR","titleOfClass":"COM","cusip":"27828X100","value":204374,"shares":13151,"shareType":"SH","priorValue":212530,"priorShares":14739},{"issuer":"PUTNAM MUN OPPORTUNITIES TR","titleOfClass":"SH BEN INT","cusip":"746922103","value":189872,"shares":18014,"shareType":"SH","priorValue":206780,"priorShares":20076},{"issuer":"BNY MELLON HIGH YIELD STRATE","titleOfClass":"SH BEN INT","cusip":"09660L105","value":189218,"shares":78189,"shareType":"SH","priorValue":206694,"priorShares":84710},{"issuer":"CREDIT SUISSE HIGH YIELD CRE","titleOfClass":"SH BEN INT","cusip":"22544F103","value":187878,"shares":105549,"shareType":"SH","priorValue":207485,"priorShares":109203},{"issuer":"DOUBLELINE OPPORTUNISTIC CR","titleOfClass":"COM","cusip":"258623107","value":185964,"shares":12932,"shareType":"SH"},{"issuer":"WESTERN ASSET MTG DEFINED OP","titleOfClass":"COM","cusip":"95790B109","value":173689,"shares":16217,"shareType":"SH","priorValue":188833,"priorShares":17566},{"issuer":"BNY MELLON STRATEGIC MUN BD","titleOfClass":"COM","cusip":"09662E109","value":170948,"shares":27796,"shareType":"SH","priorValue":199838,"priorShares":33251},{"issuer":"ABERDEEN MUN INCOME FD","titleOfClass":"SH BEN INT","cusip":"552738106","value":112782,"shares":20068,"shareType":"SH","priorValue":115517,"priorShares":21432},{"issuer":"GDL FD","titleOfClass":"COM SH BEN IT","cusip":"361570104","value":109333,"shares":12908,"shareType":"SH","priorValue":115209,"priorShares":13831},{"issuer":"INVESCO HIGH INCOME TR II","titleOfClass":"COM","cusip":"46131F101","value":107105,"shares":10299,"shareType":"SH","priorValue":109603,"priorShares":10852}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}