# LORD ABBETT DISTRIBUTOR LLC X-17A-5 (2023-11-27) — Broker-dealer annual report
- Company: LORD ABBETT DISTRIBUTOR LLC
- Form: X-17A-5
- Filed: 2023-11-27
- Period: 2023-09-30
- Accession: 0000060364-23-000007
- CIK: 60364
- File #: 8-00216
- Type: Broker-dealer
- Material weakness: No
- Auditor: ERNST & YOUNG LLP
- Auditor location: NEW YORK, NY
- Contact: Antonio Pereira
- Phone: (201) 827-2255
- Email: tpereira@lordabbett.com
- Website: lordabbett.com
- Signed by: ANTONIO PEREIRA (CHIEF FINANCIAL OFFICER, LORD ABBETT DISTRIBUTOR LLC)
Original filing: https://www.sec.gov/Archives/edgar/data/60364/000006036423000007/FY23LADSIPC7.pdf
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
| ANNUAL REPORTS |
|----------------|
| FORM X-17A-5 |
| PART III |
| OMB APPROVAL |
|---------------------------|
| OMB Number: 3235-0123 |
| Expires: Oct. 31, 2023 |
| Estimated average burden |
| 12
hours ner resnonse. |
SEC FILE NUMBER 8-00216
| | PART III | |
|-----------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|--------------------------------------------|
| | FACING PAGE | |
| Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | |
| FILING FOR THE PERIOD BEGINNING | 10/01/2022 | 09/30/2023
AND ENDING |
| | MM/DD/YY | MM/DD/YY |
| | A. REGISTRANT IDENTIFICATION | |
| NAME OF FIRM: | LORD ABBETT DISTRIBUTOR LLC | |
| TYPE OF REGISTRANT (check all applicable boxes):
@ Broker-dealer
Check here if respondent is also an OTC derivatives dealer | | |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | |
| | 90 HUDSON STREET | |
| | (No. and Street) | |
| JERSEY CITY | NJ | 07302 |
| (City) | (State) | (Zip Code) |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | |
| ANTONIO PEREIRA | (201) 827-2255 | TPEREIRA@LORDABBETT.COM |
| (Name) | (Area Code - Telephone Number) | (Email Address) |
| | B. Accountant IDENTIFICATION | |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filling * | ERNST & YOUNG LLP | |
| | (Name - if individual, state last, first, and middle name) | |
| ONE MANHATTAN WEST | NEW YORK | NY
10001-8604 |
| (Address) | (City) | (State)
(Zip Code) |
| 10/20/2003 | | 42 |
| (Date of Registration with PCAOB)(if applicable) | | (PCAOB Registration Number, if applicable) |
| | FOR OFFICIAL USE ONLY | |
\* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable.
Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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## OATH OR AFFIRMATION
I. ANTONIO PEREIRA \_ swear (or affirm) that, to the best of my knowledge and belief, the
financial report pertaining to the firm of LORD ABBETT DISTRIBUTOR LLC . as of
ر 2 023 \_\_ is true and correct. I further swear (or affirm) that neither the company nor any September 30 ----------------------------------------------------------------------------------------------------------------------------------------------------------------partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer.
| Signature: | |
|------------|--|
| Title: | |
CHIEF FINANCIAL OFFICER, LORD ABBETT DISTRIBUTOR LLC
Notary Public
## This filing\*\* contains (check all applicable boxes):
- □ (a) Statement of financial condition.
- □ (b) Notes to consolidated statement of financial condition.
- [ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X).
- O (d) Statement of cash flows.
- [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
- [ (f) Statement of changes in liabilities subordinated to claims of creditors.
- [ (g) Notes to consolidated financial statements.
- [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
- [ (i) Computation of tangible net worth under 17 CFR 240.18a-2.
- [] Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable.
- [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.
- [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
- [ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable.
- [ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist.
- [
- (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.18a-7, as applicable.
- [ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- [ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- | (t) Independent public accountant's report based on an examination of the statement of financial condition.
- □ (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable.
- [ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- [ {w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- = (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable.
- □ (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k).
- □ (z) Other:
\*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(2), or 17 CFR 240.180-7(d)(2), as applicable.
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Ernst & Young LLP One Manhattan West New York, NY 10001-8604 Tel: +1 212 773 3000 ey.com
Report of Independent Reqistered Public Accounting Firm on Applying Agreed-Upon Procedures
To the Managing Member of Lord Abbett Distributor LLC:
We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Reconciliation (Form SIPC-7) for the year ended September 30, 2023. Management of Lord Abbett Distributor LLC (Company) is responsible for its Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7.
Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Company's compliance with the applicable instructions on Form SIPC-7 for the year ended September 30, 2023. Additionally, SIPC has agreed to and acknowledged that the procedures performed are appropriate for their intended purpose. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose.
The procedures we performed and our findings are as follows:
1. Compared the assessment payments made in accordance with the General Assessment Payment Form (Form SIPC-6) and applied to the General Assessment calculation on Form SIPC-7 with respective cash disbursement record entries based on the payments made online.
No findings were found as a result of applying the procedure.
2. Compared the amounts reported in the audited financial statements required by SEC Rule 17a-5 with the amounts reported in Form SIPC-7 for the fiscal year ended September 30, 2023.
No findings were found as a result of applying the procedure.
3. Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers supporting the adjustments.
No findings were found as a result of applying the procedure.
4. Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the schedules and working papers supporting the adjustments.
No findings were found as a result of applying the procedure.
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We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our enqagement in accordance with attestation standards established by the American Institute of Certified Public Accountants and in accordance with the standards of the Public Company Accounting Oversight Board (United States). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to, and did not conduct an examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7 for the year ended September 30, 2023. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.
We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.
This report is intended solely for the information and use of the specified parties listed above and is not intended to be, and should not be, used by anyone other than these specified parties.
New York, NY November 21, 2023
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| SIPC-7 | |
|----------------|--|
| (36-REV 12/18) | |
# SIPC-7 SIPC-7 SECURITIES INVESTOR PROTECTION CORPORATION General Assess ment Reconciliation
# (36-REV 12/18) (36-REV 12/18)
### For the fiscal year ended \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 09/30/2023
# TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS
1. Name of Member, address, Designated Examining Authori ty, 1934 Act registrati on no. and month in which fiscal year ends for purposes of the audit requirement of S EC Rule 17a-5: (Read carefully the instructio ns in your Working Copy before completing this Form)
Note: If any of the information shown on the mailing label requires correction, please e-mail any corrections to form@sipc.org and so indicate on the form filed. Antonio Pereira (201) 827-2255
| | SECURITIES INVESTOR PROTECTION CORPORATION | | | |
|-----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|
| | Mail Code: 8967 P.O. Box 7247 Philadelphia, PA 19170-0001 | | | |
| (36-REV 12/18) | TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS | 09/30/2023
For the fiscal year ended _________________ | | (36-REV 12/18) |
| | 216 FINRA SEP
LORD ABBETT DISTRIBUTOR LLC
ATTN: TONY PEREIRA
90 HUDSON STREET FL10
JERSET CITY, NY 07302-3900 | | Note: If any of the information shown on the
mailing label requires correction, please e-mail
any corrections to form@sipc.org and so
indicate on the form filed.
Name and telephone number of person to
contact respecting this form.
Antonio
Pereira
(201) | 827-2255 |
| 2.
A. | General Assessment (item 2e from page 2) | | \$ | 5,381 |
| B.
04/26/2023 | Less payment made with SIPC-6 filed (exclude interest) | | ( | 2,161 |
| C. | Date P
aid
Less prior overpayment applied | | ( | |
| D. | Assessment balance due or (overpayment) | | | 3,220 |
| E. | Interest computed on late payment (see instruction E | ) for______days at 20% per annum | | |
| F. | Total assessment balance and interest due (or overpayment carried forward) | | \$ | 3,220 |
| G.
PAY
MENT: | the box
Check mailed to P.O. Box
Funds Wired
Total (must be same as F above) | ACH
\$ | 3,220 | |
| H. | Overpayment carried forward | \$( | ) | |
| 3.
Subsidiaries (S
LORD
ABBETT | ) and predecessors (P) included in this form (give name and 1934 A
DISTRIBUTOR
LLC | | ct registration number): | |
| The SIP
and complete. | C member submitting this form and the
person by whom it is executed represent thereby
that all information contained herein is true, correct | LORD
ABBETT
(Name of Corporati
of | DISTRIBUTOR
LLC
Corporation,
on, Partnership or other organization)
organizatio
(Authori
(Authorized
zed Signature) | |
| | | | | |
| Total (must be same as F above) | \$ | | |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|-----------------------------|--|
| | | | |
| | | | |
| person by whom it is executed represent thereby
that all information contained herein is true, correct
and complete. | of | Corporation,
organizatio | |
| | | (Title) | |
| This form and the assessment payment is due 60 days after the end of the fiscal year. Retain the Working Copy of this form
for a period of not less than 6 years, the latest 2 years in an easily accessible place. | | | |
| Dates:
Postmarked
Received
Revi | ewed | | |
| Calculations | Documentation | Forward Copy | |
| Exceptions: | | | |
| Disposition of exceptions: | 1 | | |
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# DETERMINATION OF SIPC NET OPERATING REVENUES AND GENERAL ASSESSMENT
| Ite
m No.
2a. Total revenue (FOCUS Line 12/Part IIA Line 9, Code 4030)
2b. Additions:
(1)
Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and
predecessors not included above. | Eliminate cents
190,269,223
\$ |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|
| | |
| | |
| | |
| (2)
Net loss from principal transactions in securities in trading accounts. | |
| (3)
Net loss from principal transactions in commodities in trading accounts. | |
| (4)
Interest and dividend expense deducted in determining item 2a. | |
| (5)
Net loss from management of or participation in the underwriting or distribution of securities. | |
| (6)
Expenses other than advertising, printing, registration fees and legal fees deducted in determining net
profit from management of or participation in underwriting or distribution of securities. | |
| (7)
Net loss from securities in investment accounts. | |
| Total additions | |
| 2c. Deductions:
(1)
Revenues from the distribution of shares of a registered open end investment company or unit
investment trust, from the sale of variable annuities, from the business of insurance, from investment
advisory services rendered to registered investment companies or insurance company separate
accounts, and from transactions in security futures products. | (186,682,150) |
| (2)
Revenues from commodity transactions. | |
| (3)
Commissions, floor brokerage and clearance paid to other SIPC members in connection with
securities transactions. | |
| (4)
Reimbursements for postage in connection with proxy solicitation. | |
| (5)
Net gain from securities in investment accounts. | |
| (6)
100% of commissions and markups earned from transactions in (i) certificates of deposit and
(ii)
Treasury bills, bankers acceptances or commercial paper that mature nine months or less
from issuance date. | |
| (7)
Direct expenses of printing advertising and legal fees incurred in connection with other revenue
related to the securities business (revenue defined by Section 16(9)(L) of the Act). | |
| (8)
Other revenue not related either directly or indirectly to the securities business.
(See Instruction C): | |
| (Deductions in excess of \$100,000 require documentation) | |
| (9)
(i) Total interest and dividend expense (FOCUS Line 22/PART IIA Line 13,
Code 4075 plus line 2b(4) above) but not in excess
\$
of total interest and dividend income. | |
| (ii)
40% of margin interest earned on customers securities
\$
accounts (40% of FOCUS line 5, Code 3960). | |
| Enter the greater of line (i) or (ii) | |
| Total deductions | (186,682,150) |
| 2d. SIPC Net Operating Revenues | 3,587,073
\$ |
| 2e. General Assessment @ .0015 | 5,381
\$ |
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.