# GERWIN GROUP, INC. X-17A-5 (2022-03-25) — Broker-dealer annual report - Company: GERWIN GROUP, INC. - Form: X-17A-5 - Filed: 2022-03-25 - Period: 2021-12-31 - Accession: 0000839330-22-000002 - CIK: 839330 - File #: 8-40282 - Type: Broker-dealer - Material weakness: No - Auditor: OHAB AND COMPANY, PA - Auditor location: MAITLAND, FL - Contact: Christopher Gerwin - Phone: 18054945005 - Email: chrisgerwin@gerwingroup.com - Website: gerwingroup.com - Signed by: Christopher Gerwin (President) Original filing: https://www.sec.gov/Archives/edgar/data/839330/000083933022000002/Audit2021gerwingroup.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** ### **ANNUAL REPORTS FORM X-17A-S PART Ill** | 0MB APPROVAL | |---------------------------| | 0MB Number: 3235-0123 | | Expires: Oct. 31, 2023 | | Estimated average burden | | hours per response:
12 | | SEC FILE NUMBER | | |-----------------|--| | 8-40282 | | **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 January 1, 2021 AND ENDING December 31, 2021 | | | | | | | | MM/DD/VY | | MM/DD/VY | | | | A. REGISTRANT IDENTIFICATION | | | | NAME OF FIRM: _G_E_R_W_IN_G_R_O_U_P_,_IN_C_. | | | | ----------- | | TYPE OF REGISTRANT (check all applicable boxes):
~ Broker-dealer
□ Security-based swap dealer
D Check here if respondent is also an OTC derivatives dealer | | | | □ Major security-based swap participant | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | 1575 E Hillcrest Dr. | | | | | | (No. and Street) | | | | Thousand Oaks | | CA | | 91362 | | (City) | | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Christopher Gerwin | | 805-494-5005 | | chrisgerwin@gerwingroup.com | | (Name) | | (Area Code - Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
OHAB AND COMPANY, PA | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | 100 E SYBELIA AVE, SUITE 130 MAITLAND | | | FL | 32751 | | (Address) | (City) | | (State) | (Zip Code) | | JULY 28. 2004 | | | 1839 | | | | | | | | | | | 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-S(e)(l)(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 0MB control number.** {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | I, Christopher Gerwin | swear (or affirm) that, to the best of my knowledge and belief, the | |---------------------------------------------------------------|---------------------------------------------------------------------| | financial report pertaining to the firm of GERWIN GROUP, INC. | as of | December 31 2~ is true and correct. I further swear (or affirm) that neither the company nor any p-artn'er', offl~r, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely e.sthatof:~~i:mec *j );* s;gnaMe~ / \; .., *,ff2--,* 1/ • *v* Title: ------------------- PRESIDENT ~ Notary Public #### **This filing\*\* contains (check all applicable boxes):** - **ii!!ii** (a) Statement of financial condition . - □ (b) Notes to consolidated statement of financial condition . - **ii!!ii** (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). - **ii!!ii** (d) Statement of cash flows. - **ii!!ii** (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of credito)s. - **ii!!ii** (g) Notes to consolidated financial statements. - **ii!!ii** (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-l, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) 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. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - **ii!!ii** (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (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. - **ii!!ii** (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-l, 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 . - **ii!!ii** (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. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - **ii!!ii** (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (t) Independent public accountant's report based on an examination of the statement of financial condition. - **ii!!ii** (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. - D (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. - **ii!!ii (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. - 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. - D (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). D(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.* {2}------------------------------------------------ # **CALIFORNIA JURAT CERTIFICATE** | | A notary public or other officer completing this certificate verifies only the identity of the individual who signed the
document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document | | | |----------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------| | STATE OF CALIFORNIA | | | | | COUNTY OF VENTURA | _ | | | | | | '!1NJ
of | 202_?by | | | | and | | | | | | | | | | | proved to | | | | | | | | | | | | | | DESCRIPTION OF ATTACHED | | | CAPACITY CLAIMED BY SIGNER | | | | | INDI\0DU.AL
_.,) | | | | | CORPOR.r\TE OFFICER | DO | ~~ | | | P .-\RTNER(S) | TITLEOFOC ~ -~ | | 1~ y | | ,HTORNEY IN F.--\CT | P\GESIJ | | | | TRUSTEE(S) | | /)U z 2,./ | | | GU.,-\RDL-\ N / CO lSER V_-\ TOR | ~ 7
])\ | | | | OTHER: | | | -~~
., /71} | | | D,\TE
Sihrn,m1rc o f Nornry· Purblic | ___
Subscribed and sworn to (or affirmed) before me on this
--------"a--+-+-me on the basis of satisfactory evidence to
e th
OPTIONAL | day
____
~!ONT! I
-riyA=+-72~//_IJ.~
-------------------1,__------:----------'
e person~ who appeared before m
e. | {3}------------------------------------------------ # GERWIN GROUP, INC. FINANCIAL STATEMENTS DECEMBER 31, 2021 {4}------------------------------------------------ ### **FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021** #### **TABLE OF CONTENTS** | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|------| | Financial Statements | | | Statement of Financial Condition | 4 | | Statement of Operations | 5 | | Statement of Changes in Stockholder's Equity | 6 | | Statement of Cash Flows | 7 | | Notes to Financial Statements | 8-10 | #### **Supplemental Information** | Computation of Net Capital Pursuant to SEC Rule 15c3-1 and
Schedule I -
Reconciliation of Net Capital Pursuant to SEC Rule 17a-S(d)(4) | 11 | |----------------------------------------------------------------------------------------------------------------------------------------------|----| | | | | Computation of Aggregate Indebtedness Under Rule 17a-5
Schedule II -
of the Securities and Exchange Commission | 12 | | Schedule Ill -
Information Relating to Provision Requirements Under
SEC Rule 15c3-3 | 13 | {5}------------------------------------------------ ![](_page_5_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Maitland, FL 32751 *Certified Public Accountants* Email: pam@ohnbco.com Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholder's of Gerwin Group, Inc. #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Gerwin Group, Inc. as of December 31, 2021 , the related statement of operations, changes in stockholder's equity, and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Gerwin Group, Inc. as of December 31 , 2021 , and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of Gerwin Group, lnc.'s management. Our responsibility is to express an opinion on Gerwin Group, lnc.'s financial statements 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 Gerwin Group, 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 statements are 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 statements, 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. #### **Auditor's Report on Supplemental Information** The Schedules I, II and Ill have been subjected to audit procedures performed in conjunction with the audit of Gerwin Group, lnc.'s financial statements. The supplemental information is the responsibility of Gerwin Group, lnc.'s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F .R. §240.17a-5. In our opinion, the Schedules I, II and Ill are fairly stated, in all material respects, in relation to the financial statements as a whole. Ohab and Company, PA We have served as Gerwin Group, lnc.'s auditor since 201 O. Maitland, Florida March 24, 2022 {6}------------------------------------------------ ### **Gerwin Group, Inc. STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021** #### **ASSETS** #### **Assets:** | Cash and cash equivalents | \$
8,164 | |---------------------------|--------------| | Connnissnn receivable | 8,569 | | Assets | \$
16,733 | #### **LIABILITIES AND STOCKHOLDERS' EQmTY** #### **Liabilities:** | Accounts payable and accrued liabilities | | | 1,602 | |------------------------------------------------------------------------------------------------------------------|----------------------|--------|--------------------| | | \$ | 1,602 | | | Stockholders' Equity:
Comrron stock, \$1 par vahie; 10,000 shares
autmrized, 10,000 issues and outstanding | \$ | 10,000 | | | Addifunal paid-in
Retained earnings | | | 76,730
(68,890) | | | Net Loss | | 17,840
(2,709) | | | Equity | \$ | 15,131 | | | Liabilities & Equity | \$ | 16,733 | | | | | | The accompanying notes are an integral part of the financial staterrents. {7}------------------------------------------------ ### **Gerwin Group, Inc. STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2021** ### **Revenues:** | \$
20,705 | |----------------------------| | 35,713 | | \$
56,418 | | | | | | 24,658 | | 9,490 | | 7,037 | | 2,333 | | 1,372 | | 14,237 | | \$
59,127 | | | | \$
(2,709)
========= | | \$ | The accompanying notes are an integral part of the :financial statements. {8}------------------------------------------------ ### **Gerwin Group, Inc. STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2021** | | | | | Additional | | | | | |-----------------------------|-----------------|--------|--------------------|------------|----------------------|--------------|-------|---------| | | Common
Stock | | Paid-in
Capital | | Retained
Earnings | | Total | | | Balances, December 31, 2020 | \$ | 10,000 | \$ | 76,730 | \$ | (68,890) | \$ | 17,840 | | Net Income (Loss) | | | | | | (2,709) | | (2,709) | | Balances, December 31, 2021 | \$ | 10,000 | \$ | 76,730 | \$ | (71
,599) | \$ | 15,131 | The accompanying notes are an integral part of the financial statements. {9}------------------------------------------------ #### **Gerwin Group, Inc.** ### **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2021** | Cash flo-M from operating activities: | | |--------------------------------------------------------------------------------------|----------------| | Net income (loss) | \$
(2,709) | | Adjustments to reconcile net incomes to net
cash flo"M from operating activities: | | | (Increase) decrease in:
Commissions Receivable
Prepaid Expenses | (1,357)
770 | | Increase (decrease) irr
Accolfilts Payable and accrued expenses | 112 | | Net cash provided by operating activities | \$
(3,184) | | Net decrease in cash and cash equivalents | \$
(3,184) | | Cash and cash equivalents at beginning of period | 11,348 | | Cash and cash equivalents at end of period | \$
8,164 | The accompanying notes are an integral part of the :financial statements. {10}------------------------------------------------ ### GERWIN GROUP, INC. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021 #### **Note 1 - Summary of Significant Accounting Policies** ### *Nature of Business* Gerwin Group, Inc. ("the Company") is a broker-dealer, registered with the Securities Exchange Commission ("SEC"), and a member of the Financial Industry Regulatory Authority ("FIN RA"). The Company was formed in August 1988 in the state of Cal ifornia. The Company primarily sells mutual funds, fixed and variable annuities and life insurance. #### *Cash and Cash Equivalents* For purposes of reporting the statement of cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash balances in excess of FDIC and similar insurance coverage are subject to the usual banking risks associated with funds in excess of those limits. As of December 31 , 2021 , the Company had no uninsured cash balances. #### *Revenue Recognition* Revenue includes fees from mutual funds and distribution fees. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. #### *Brokerage Commissions* Commissions from the sale of mutual funds and variable annuities and 12b-1 's are recognized as revenue at the point in time the associated service is fulfilled which is based on the trade date. The Company believes that the performance obligation is 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 of the securities have been transferred to/from the customer. #### *Distribution Fees* The Company enters arrangements with managed accounts or other pooled investment vehicles (funds) to distribute shares to investors. The Company may receive distribution fees paid by the fund up front, over time, upon the investor's exit from the fund (that is, a contingent deferred sales charge), or as a combination thereof. The Company believes that its performance obligation is the sale of securities to investors and as such this is fulfilled on the trade date. Any fixed amounts are recognized on the trade date and variable amounts are recognized to the extent it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. For variable amounts, as the uncertainty is dependent on the value of the snares at future points in time as well as the length of time the investor remains in the fund , both of whi ch are highly susceptible to factors outside the Company's influence, the Company does not believe that it can overcome this constraint until the market value of the fund and the investor activities are known, which are usually monthly or quarterly. Distribution fees recognized in the current period are primarily related to performance obligations that have been satisfied in prior periods. {11}------------------------------------------------ ### GERWIN GROUP, INC. NOTES TO FINANCIAL STATEMENTS DECEMBER 31 , 2021 #### **Note 1 - Summary of Significant Accounting Policies (continued)** ### *Fair Value of Financial Instruments* All the Company's financial assets and liabilities are carried at market value or at amounts, which, because of their short-term nature, approximate current fair value. #### *Estimates* The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reporting period. Actual results could differ from those estimates. #### *Income Taxes* The Company has elected to be taxed as an S-Corporation for Federal and state income tax purposes and, accordingly, no provision has been made for such income taxes. The stockholder's allocable share of the Company's income or loss is reportable in their income tax returns. Provisions are made for California State S Corporation franchise tax, as applicable. State income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related to differences between the financial and income tax bases of assets and liabilities. The deferred tax assets and liabilities, if any, represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. #### **Note 2 - Net Capital Requirements** The Company is subject to the Securities and Exchange Commission's Uniform Net Capital Rule (Rule I 5c3- 1 ), which requires the maintenance of minimum net capital at amounts equal to the greater of \$5,000 or 6 2/3% of aggregate indebtedness and requires the ratio of aggregate indebtedness to net capital not to exceed 15 to I. As of December 31 , 2021 , the Company had excess net capital of\$ 9,456 and a net capital rate of .111 to 1 . {12}------------------------------------------------ ### GERWIN GROUP, INC. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021 #### **Note 3 - Related Party** The Company conducts operations from the residence of its sole stockholder. There is no lease or sharing agreement, and the Company is currently not paying rent for the space it occupies. #### **Note 4 - Concentrations of Credit Risk** The Company is engaged in various trading and brokerage activities in which counterparties primarily include broker-dealers, banks, and other financial institutions. In the event counterparties do not fulfill their obligations, the Company may be exposed to risk. The risk of default depends on the credit worthiness of the counterparty or issuer of the instrument. It is the Company's policy to review, as necessary, the credit standing of each counterparty. #### **Note 5 - Commitment and Contingencies** The Company had no commitment and contingencies as of December 31, 2021. #### **Note 6 - Subsequent Events** In accordance with the Subsequent Events Topic of the F ASB Accounting Standards Codification No. 855 ("F ASB ASC 855"), the Company has evaluated those events and transactions that occurred from January 1, 2022, through March 24, 2022, the date the financial statements were available to be issued. No material events or transactions have occurred during this period which would render these financial statements to be misleading. {13}------------------------------------------------ #### **SCHEDULE** I **GERWIN GROUP, INC.** #### **COMPUTATION OF NET CAPITAL PURSUANT TO SEC RULE 15c3-1 AND RECONCILIATION OF NET CAPITAL PURSUANT TO SEC RULE 17a-5(d)(4) AS OF DECEMBER 31, 2021** | Computation of basic net capital requirements: | | |--------------------------------------------------------------------------------------------------------------------------------------------------------|--------------| | Total member's equity qualified for net capital | \$
15,131 | | Non-Allowable Assets: | 675 | | Net capital before haircuts and securities positions | 14,456 | | Net capital | \$
14,456 | | Minimum net capital requirements:
6 2/3 ° /0 of total aggregate indebtedness (\$107)
Minimum dollar net capital for this broker-dealer (\$5,000) | | | Net capital requirement (greater of above two requirements) | 5,000 | | Excess net capital | 9,456 | There are no material differences between the above computation of net capital and the corresponding computations submitted by the Company with the unaudited Form X-17-A-5 Part lIA filing as of December 31 , 2021. {14}------------------------------------------------ #### **SCHEDULE** II **GERWIN GROUP,** INC. ### COMPUTATION OF AGGREGATE INDEBTEDNESS UNDER RULE 17+5 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31 , 2021 ### **Total aggregate indebtedness:** | Accounts payable and accrued liabilities | \$ 1,602 | |------------------------------------------|----------| | Aggregate indebtedness | \$ 1,602 | Ratio of aggregate indebtedness to net capital .111 to 1 {15}------------------------------------------------ #### **SCHEDULE III GERWIN GROUP, INC.** ### **INFORMATION RELATING TO EXEMPTIVE PROVISION REQUIREMENTS UNDER SEC RULE 15c3-3 AS OF DECEMBER 31, 2021** With respect to the Computation for Determination of Reserve Requirements under Rule l 5c3-3, the Company qualifies for exemption under subparagraph (k) ( 1) of the Rule. With respect to the Information Relating to Possession and Control Requirements under Rule 15c3- 3, the Company qualifies for exemption under subparagraph (k) (1) of the Rule. {16}------------------------------------------------ ![](_page_16_Picture_0.jpeg) 100 E. Sybelia **Ave.** Suite 130 Maitland, FL 32751 *Certified Public Accountants* Email: pam@ohabco.com Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholders' of Gerwin Group, Inc. We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Gerwin Group, Inc. identified the following provisions of 17 C.F.R. §15c3-3(k) under which Gerwin Group, Inc. claimed an exemption from 17 C.F.R. §240.15c3-3: (1) (exemption provisions) and (2) Gerwin Group, Inc. stated that Gerwin Group, Inc. met the identified exemption provisions throughout the most recent fiscal year without exception. Gerwin Group, lnc.'s management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about . Gerwin Group, lnc.'s compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in paragraph (k) (1) of Rule 15c3-3 under the Securities Exchange Act of 1934. ~ ~ ~,PV- Ohab and Company, P.A. Maitland, Florida March 24, 2022 {17}------------------------------------------------ ![](_page_17_Picture_0.jpeg) ## **Gerwin Group,** Inc. Retirement Planning 1575 E. Hillcrest Dr. Westlake Village, CA 91362 chrisgerwin@gerwingroup. com Fax: 805-494-3335 800-973-7775 805-807-1697 www.gerwingroup. com Member FINRA & SIPC March 15, 2022 Ohab and Company P.A. 100 E Sybella Ave., Suite 130 Maitland, FL 32751 Gerwin Group, Inc. ( the Company) is a registered broker-dealer subject to Rule l 7a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. section 240. l 7a-5. ("Reports to be made by certain broker and dealers") This exemption Report was prepared as required by 17 C.F.R. section 240.l 7a-5(d)(l) and (4). To the best of it's knowledge and belief, the Company states the following: (1) The Company claimed an exemption from C.F.R. section 15c3-3 under the following provisions of 17 C.F.R. section 240.15c3-3(k)(l): and (2) The Company met the identified exemption in provision 17 C.F.R. section 240.15c3- 3(k)(l) throughout the most recent year without exception. Gerwin Group, Inc. I, Christopher Gerwin, swear and affirm that to the best of my knowledge and belief, this Exemption Report is true and correct. President March 15, 2022 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.