# ROBERTS & RYAN INVESTMENTS INC. X-17A-5 (2023-03-31) — Broker-dealer annual report - Company: ROBERTS & RYAN INVESTMENTS INC. - Form: X-17A-5 - Filed: 2023-03-31 - Period: 2022-12-31 - Accession: 0000811063-23-000006 - CIK: 811063 - File #: 8-37469 - Type: Broker-dealer - Material weakness: No - Auditor: Rolleri Sheppard CPAS, LLP - Auditor location: Fairfield, CT - Contact: Brian Rathjen - Phone: 866-884-9959 - Email: brathjen@roberts-ryan.com - Website: roberts-ryan.com - Signed by: Brian Rathjen (President) Original filing: https://www.sec.gov/Archives/edgar/data/811063/000081106323000006/RRPublic22.pdf --- {0}------------------------------------------------ Roberts and Ryan Investments Incorporated Financial Statement and Report of Independent Registered Public Accounting Firm Pursuant to Rule 17a-5(d) of the Securities and Exchange Commission December 31, 2022 {1}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** | 0MB APPROVAL | | |--------------------------|--| | 0MB Number: 3235-0123 | | | Expires: Oct. 31, 2023 | | | Estimated average burden | | | hours per response: 12 | | | | | | SEC FILE NUMBER | | | 8-37469 | | # **ANNUAL REPORTS FORM X-17A-5** | | PART Ill | | | |-------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|------------|----------------------------------------------| | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FACING PAGE | | | | FILING FOR THE PERIOD BEGINNING | ___
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MM/DD/VY | | MM/DD/VY | | | A. REGISTRANT IDENTIFICATION | | | | NAME OF FIRM: | Roberts and Ryan Investments Incorporated | | | | TYPE OF REGISTRANT (check all applicable boxes):
~ Broker-dealer
D Check here if respondent is also an OTC derivatives dealer | □ Security-based swap dealer | | □ Major security-based swap participant | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)
39 Broadway, 16th Floor, STE 1640 | | | | | | (No. and Street) | | | | New York | NY | | 10006 | | (City) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Brian Rathjen | 866-884-9959 | | brathjen@roberts-ryan.com | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Rolleri Sheppard, CPAS, LLP | | | | | | (Name - if individual, state last, first, and middle name) | | | | 2150 Post Road, 5th Floor | Fairfield | CT | 06824 | | (Address) | (City) | | (State)
(Zip Code) | | 03/04/2009 | | 3437 | | | rte pf Reglstcatloo wl1, | swear (or affirm) that, to the best of my knowledge and belief, the | | |----|--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------|---------| | | financial report pertaining to the firm of | Roberts and Ryan Investments Incorporated | . as of | | | December 31 | 2 022, is true and correct. I further swear (or affirm) that neither the company nor any | | | | | /}
partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | | | | | | | _. | a~ that~~~- customer. | /"I | | ~::£. **)/1)\_, T;tle Presiden~** Notary Public *\_No. 02.M~{e"l,* **?7** \_ff2. t?-1.f\ek"S, Fe~ 2\.{;, W~'f # **This filing\*\* contains (check all applicable boxes):** - IX! (a) Statement offinancial condition. - IX! (b) Notes to consolidated statement offinancial condition. - D (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). - □ (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. - D (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.18a-2. - D U) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - D (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. - □ (I) 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. - D (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible 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.** - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - IX! (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 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 report or 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.l 7a-5 or 17 CFR 240.18a-7, as applicable. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to exist or 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}(3) or 17 CFR 240.18a-7(d){2}, as applicable.* - **s;gnature** /~~ {3}------------------------------------------------ # ROBERTS AND RYAN INVESTMENTS INCORPORATED TABLE OF CONTENTS | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|-----| | Statement of Financial Condition | | | Notes to Financial Statements | 3-7 | {4}------------------------------------------------ Rolleri & Sheppard CPAS, LLP Jo hn M. Rolleri, CPA, CFE Rya n C. Sheppa rd, CPA, CFF ![](_page_4_Picture_1.jpeg) # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Board of Directors and Shareholders of Roberts and Ryan Investments, Inc. # **Opinion on the Financial Statement** We have audited the accompanying statement of fin ancial condition of Roberts and Ryan Investments, Inc. as of December 3 1, 2022, 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 Roberts and Ryan Investments, Inc. as of December 3 1, 2022 in conformity with accounting principles generally accepted in the United States of America. # **Basis for Opinion** This finan cial statement is the responsibility of Robe11s and Ryan In vestments, lnc.'s management. Our responsibility is to express an opinion on Roberts and Ryan Investments, Inc. 's fin ancial 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 Roberts and Ryan Investments, Inc. 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 aud it 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 statements. 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 statements. We believe that our audit provides a reasonable basis for our opinion. Rolleri & Sheppard CPAS, LLP We have served as Roberts and Ryan Investments, Inc. 's auditor since 2020. Fairfie ld, Connecticut March 29, 2023 American Institute ol'Ccnified Public Accountants• Co11 ncc1icur Socicry ol'Ccrtificd Public Accounrams Public Corn pan> \ccounting O,·l'r~igh1 Board • f\c\\· York Stare Society orCenificd Public \ccnu111ants • :'\lassachusetcs Sociel") ol'CPAs {5}------------------------------------------------ # ROBERTS AND RYAN INVESTMENTS INCORPORATED # STATEMENT OF FINANCIAL CONDITION December 31, 2022 # ASSETS | Cash | \$ 2,139,744 | |----------------------------------------------------------------------|--------------| | Securities | 2,719,091 | | Deposit with clearing broker | 242,355 | | Accounts receivable | 610,331 | | Prepaid expenses | 98,703 | | Other current assets | 1,170 | | Due from affiliate | 78,310 | | Property and equipment - net of accumulated depreciation of \$20,678 | 13,571 | | Security deposits | 7.849 | | Deferred tax asset | 218,277 | | Right-of-use asset | 67,406 | | Total assets | \$ 6,196,807 | # LIABILITIES AND STOCKHOLDERS' EQUITY # Liabilities | Accounts payable and accrued expenses | \$ 958,021 | |---------------------------------------|------------| | Lease liability | 67,785 | | Deferred revenue | 40,000 | | Subordinated loan payable | 2,657,240 | | Total liabilities | 3,723,046 | | Contingency (Note 10) | | 70,000 2,789,162 (1,000) (384,401) 2,473,761 \$6,196,807 # Stockholders' Equity | Common stock, no par value; 1,000,000 shared authorized; | | |----------------------------------------------------------|--| | 600,000 shared issued and outstanding | | | Additional paid-in capital | | | Treasury stock | | | Accumulated deficit | | | Total stockholders' equity | | | | | Total liabilities and stockholders' equity The accompanying notes are an integral part of this statement. {6}------------------------------------------------ # ROBERTS AND RYAN INVESTMENTS INCORPORATED NOTES TO THE FINANCIAL STATEMENT DECEMBER 31, 2022 ## (1) Organization and Nature of Business Roberts and Ryan Investments Incorporated. (the "Company") was formed on February 23, 1987, as a California corporation under the name Roberts Securities Incorporated to engage in business as a broker dealer. The Company subsequently changed its name to Roberts and Ryan Investments Incorporated. The Company adopted a new fiscal year ended December 31st as of 2021. The Company is a broker dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company operates under the provisions of Paragraph (k)(2)(ii) of Rule 15c3-3 of the Securities and Exchange Commission and, accordingly, is exempt from the remaining provisions of that rule. Essentially, the requirements of Paragraph (k)(2)(ii) provide that the Company clears all transactions on behalf of customers on a fully disclosed basis with a clearing broker/dealer. The company handles neither customer funds, nor securities. The clearing broker/dealer carries all of the accounts of the customers and maintains and preserves all related books and records as are customarily kept by a clearing broker/dealer. # (2) Summary of Significant Accounting Policies ### Basis of Accounting The financial statements of the Company are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). # Use of Estimates Management uses estimates and assumptions in preparing financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, and the reported amounts of revenues and expenses. ### Income Taxes The Company accounts for its income taxes using the Financial Accounting Standards Board Accounting Standards Codification 740, Income Taxes, which requires the establishment of a deferred tax asset or liability for the recognition of the future deductible or taxable amounts and operating loss and tax credit carry forwards. Deferred tax expenses or benefits are recognized as a result of the changes in the assets and liabilities during the year. Current income taxes are provided for estimated taxes payable or refundable based on tax returns filed on the cash basis of accounting. Deferred income taxes are recognized for the estimated future tax effects attributable to temporary differences in the basis of assets and liabilities for financial and tax reporting purposes. Measurement of current and deferred tax asset and liabilities are based on provisions of enacted federal and state laws. ### Property and equipment Property and equipment are carried at cost and are depreciated over their useful lives of 5 to 7 years using the straightline method. # Cash and Cash Equivalents The Company considers all highly liquid debt instruments purchased with an original maturity of three months or less from the date of purchase to be cash equivalents. Bank balances in excess of FDIC limits is \$1,886,571. {7}------------------------------------------------ # ROBERTS AND RYAN INVESTMENTS INCORPORATED NOTES TO THE FINANCIAL STATEMENT DECEMBER 31, 2022 ## (3) Revenue Recognition The Company recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance requires an entity to follow a five-step model to (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. This change was applied using the modified retrospective method and there was no impact on our previously presented results. Disaggregation can be found on the statement of operations. Commission revenue represents sales commissions generated by customers' purchases and sales of securities on exchanges and over-the-counter. Syndicate participation revenue represents fees arising from secondary securities offerings in which the Company acts as an underwriter. For both of these revenue streams, the Company believes that the performance obligations are satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer. Commission revenues, securities transactions, and related expenses are recorded on a trade date basis. Contract balances at December 31, 2022 is \$610,331. Contract liabilities at December 31, 2022 is \$40,000. # (4) Fair Value Measurements The Company follows guidance as set forth in the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which modifies the disclosure requirements. That framework That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for ilabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of fair value hierarchy under FASB ASC 820 are described as follows: Fair value measurement - the Company determines fair value based on assumptions that market participants would use pricing an asset or liability in the principal or most advantageous market. The Company follows the fair value hierarchy when distinguishing assumptions in fair value measurement as outlined in the FASB "Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures''. Level 1 - Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. Level 2 - Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability. either directly or indirectly and include; Quoted prices for similar assets or liabilities in active markets. Quoted prices for identical or similar assets or liabilities in inactive markets. Market prices for similar instruments. Inputs other than quoted prices that are observable for the asset or liability. Inputs that are derived principally from or corroborated by observable market data by correlation or other means. 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|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{10}------------------------------------------------ # ROBERTS AND RYAN INVESTMENTS INCORPORATED NOTES TO THE FINANCIAL STATEMENT DECEMBER 31, 2022 # (12)Related Party Transactions The Company earned referral fees from an affiliate broker dealer, Kelson Capital LLC, in the amount of \$104,952 for the year ended December 31, 2022, as shown on the statement of operations. The Company loaned \$78,310 to an affiliate in a noninterest-bearing arrangement, as shown on the statement of financial condition as due from affiliate. ### (13)Subsequent Events For purposes of preparing financial statements the Company considered events through March 29, 2023, the date the financial statements were available for issuance. Subsequent to the year, the Company changed its name to Roberts & Ryan, Inc. and re-incorporated from the State of California to the State of Delaware. # (14)Risks and Uncertainties On February 24, 2022 Russia launched a military invasion of Ukraine war, and resulting sanctions on Russia, has resulted in economic uncertainties. The extent to which the Company's financial results will be affected cannot be reasonably estimated at this time. On March 11, 2023 Signature Bank failed and was taken over by the Federal Deposit Insurance Corporation. The impact of the Signature Bank failure and resulting pressure on other financial institutions, including Silicon Valley Bank and First Republic Bank has resulted in economic uncertainties. The extent to which the Company's financial results will be affected cannot be reasonably estimated at this time, but the Federal Government has positioned itself in each of these bank failures that no customer deposit would be in jeopardy. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.