# SYNOVUS SECURITIES, INC. X-17A-5 (2025-02-27) — Broker-dealer annual report

- Company: SYNOVUS SECURITIES, INC.
- Form: X-17A-5
- Filed: 2025-02-27
- Period: 2024-12-31
- Accession: 0000776021-25-000001
- CIK: 776021
- File #: 8-34709
- Type: Broker-dealer
- Material weakness: No
- Auditor: Crowe LLP
- Auditor location: New York, NY
- Contact: Robert Varner
- Phone: 7066495508
- Email: robertvarner@synovus.com
- Website: synovus.com
- Signed by: Robert Varner (President)

Original filing: https://www.sec.gov/Archives/edgar/data/776021/000077602125000001/ssi241231publi.pdf

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**UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** 

OMB APPROVAL OMB Number: ϯϮϯϱͲϬϭϮϯ Expires: EŽǀ͘ϯϬ͕ϮϬϮϲ Estimated average burden hours per response:

SEC FILE NUMBER

# **ANNUAL REPORTS FORM X-17A-5 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 _____________________ AND ENDING ______________________ | 01/01/24 | 12/31/24 |
|-----------------------------------------------------------------------------------------|----------|----------|
|                                                                                         |          |          |

MM/DD/YY MM/DD/YY

**A. REGISTRANT IDENTIFICATION**

#### NAME OF FIRM: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Synovus Securities, Inc.

TYPE OF REGISTRANT (check all applicable boxes):

܆ Broker-dealer ܆ Security-based swap dealer ܆ Major security-based swap participant ܆ Check here if respondent is also an OTC derivatives dealer ■

ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)

### \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 33 W 14th Street

|                                                                                                                                                                                 |  | (No. and Street)               |                 |                                            |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--------------------------------|-----------------|--------------------------------------------|
| Columbus<br>_____________________________________________________________________________________                                                                               |  | Georgia                        |                 | 31901                                      |
| (City)                                                                                                                                                                          |  | (State)                        |                 | (Zip Code)                                 |
| PERSON TO CONTACT WITH REGARD TO THIS FILING                                                                                                                                    |  |                                |                 |                                            |
| Rob<br>Varner<br>_____________________________________________________________________________________                                                                          |  | 706-649-5508                   |                 | robertvarner@synovus.com                   |
| (Name)                                                                                                                                                                          |  | (Area Code – Telephone Number) | (Email Address) |                                            |
|                                                                                                                                                                                 |  | B. ACCOUNTANT IDENTIFICATION   |                 |                                            |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*<br>Crowe LLP<br>_____________________________________________________________________________________ |  |                                |                 |                                            |
| (Name – if individual, state last, first, and middle name)                                                                                                                      |  |                                |                 |                                            |
| 485 Lexington Avenue<br>_____________________________________________________________________________________                                                                   |  | New York                       | NY              | 10017                                      |
| (Address)                                                                                                                                                                       |  | (City)                         | (State)         | (Zip Code)                                 |
| September 24, 2003<br>_____________________________________________________________________________________                                                                     |  |                                | 173             |                                            |
| (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 be covered by the 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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# **SYNOVUS**

**Oath or Affirmation** 

February 27, 2025

I, Robert P. Varner, swear (or affinn) that, to the best of my knowledge and belief the accompanying financial statement pertaining to the firm ~f Synovus Securities, Inc., as of December 31 , 2024, is true and correct. I further swear (or affinn) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any propriJtary interest in any account classified solely as that of a customer.

| ,,,,~E:1111,<br>ROBIN ANN THOMASTON<br>:,' '>";j;:;/"''",,,<br>Notary Public, Georgia<br>~.(<br>•~<br>:<br>Harris County<br>'::., d~,~.f<br>My Commission Expires<br>,,,,,~,,,,<br>Jan uary 30, 2026 | Signature<br>President |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|
| Notary Public                                                                                                                                                                                        |                        |
| ~~                                                                                                                                                                                                   |                        |
|                                                                                                                                                                                                      |                        |
|                                                                                                                                                                                                      |                        |
|                                                                                                                                                                                                      |                        |
|                                                                                                                                                                                                      |                        |
|                                                                                                                                                                                                      |                        |

Investment products and services provided by Synovus are offered through Synovus Securities, Inc. ("SSI"), Synovus Trust Company, N.A. ("STC") and Creativ1 Financial Group, a division of SSI. Trust services for Synovus ar~ provided by Synovus Trust Company, N.A. The registered broker-dealer offering brokerag, products for Synovus is Synovus Securities, Inc., member FINRA/SIPC and an SEC Registered Investment Advisor. Investment products and services **are not FDIC insured, are not deposits of or other obligations of Synovus Ban** , **are not guaranteed by Synovus Bank and involve investment risk, including possible loss o principal amount invested.** 

Synovus Securities, Inc. is a subsidiary of Synovus Financial Corp and an affiliate of Synovus Bank and Synovus Trust. Synovus Trust Company, N.A. is a subsidiar

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![](_page_6_Picture_0.jpeg)

### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Stockholder of Synovus Securities, Inc. Columbus, Georgia

### **Opinion on the Financial Statement**

We have audited the accompanying statement of financial condition of Synovus Securities, Inc. (the "Company") as of December 31, 2024, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

#### **Basis for Opinion**

This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit of the financial statement provides a reasonable basis for our opinion.

Crowe LLP

We have served as the Company's auditor since 2020.

New York, New York February 27, 2025

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| 44'54                                                                       |      |  |
|-----------------------------------------------------------------------------|------|--|
| /A6/<21/A63?C7D/:3<BA                                                       | <br> |  |
| '3137D/0:3A4@=;1:3/@7<5=@5/<7H/B7=<                                         |      |  |
| )@/27<5A31C@7B73A/B4/7@D/:C3                                                |      |  |
| '3137D/0:3A4@=;/447:7/B3A                                                   |      |  |
| %@3;7A3A/<23?C7>;3<B<3B                                                     |      |  |
| ==2E7::                                                                     |      |  |
| 343@@327<1=;3B/F3A<3B                                                       |      |  |
| #=B3A@3137D/0:34@=;3;>:=G33A                                                |      |  |
| \$B63@@3137D/0:3A                                                           |      |  |
| \$B63@/AA3BA                                                                |      |  |
| )=B/:/AA3BA                                                                 | <br> |  |
| +#\$+-+5+'4#/&50%,*0-&'3<br>426+5:                                          |      |  |
| !7/07:7B73A                                                                 |      |  |
| 11=C<BA>/G/0:3/<2/11@C323F>3<A3A                                            | <br> |  |
| 11@C323F>3<A3A>/G/0:3B=/447:7/B3A                                           | <br> |  |
| %/G/0:3AB=1:3/@7<5=@5/<7H/B7=<                                              |      |  |
| )=B/:!7/07:7B73A                                                            |      |  |
| =;;7B;3<BA/<21=<B7<53<173AA33<=B3A /<2                                      |      |  |
| (B=196=:23@NA3?C7BG                                                         |      |  |
| =;;=<AB=19<br>>/@D/:C3<br>CB6=@7H32 A6/@3A7AAC32/<2=CBAB/<27<5A6/@3A |      |  |
| 227B7=</:>/72	7<1/>7B/:                                                     |      |  |
| '3B/7<323/@<7<5A                                                            |      |  |
| )=B/:AB=196=:23@NA3?C7BG                                                    |      |  |
| )=B/::7/07:7B73A/<2AB=196=:23@NA3?C7BG                                      | <br> |  |

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{11}------------------------------------------------

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{12}------------------------------------------------

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| 5#/&#3&                                                                            | '4%3+15+0/                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | '26+3'&&#5'<br>0(#&015+0/             | (('%50/0.1#/:<br>4(+/#/%+#-<br>45#5'.'/540305*'34+)/+(+%#/5<br>.#55'34                                                                                                                                       |
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| 5#/&#3&4&015'&03#35+#--:&015'&+/                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                       |                                                                                                                                                                                                              |
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| 5#/&#3&                                                                  | '4%3+15+0/                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | '26+3'&&#5'<br>0(#&015+0/ | (('%50/0.1#/:<br>4(+/#/%+#-<br>45#5'.'/540305*'34+)/+(+%#/5<br>.#55'34                                                                                                                                                                                                          |  |  |
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| '3137D/0:3A                                             |          |
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| :3/@7<5=@5/<7H/B7=<                                     | <br><br> |
| %/G/0:3A                                                |          |
| :3/@7<5=@5/<7H/B7=<                                     | <br><br> |
| <br>3'.+4'4#/&26+1.'/5                                  |          |
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| C@<7BC@3/<247FBC@3A                                     | <br><br> |
| =;>CB3@3?C7>;3<B/<2>C@16/A32A=4BE/@3                    | <br>     |
| =<AB@C1B7=<7<>@=13AA                                    | <br>K    |
| !3/A36=:27;>@=D3;3<BA                                   | <br>     |
| %@3;7A3A/<23?C7>;3<B                                    | <br>     |
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| %@3;7A3A/<23?C7>;3<B<3B                                 | <br><br> |

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