# AMG Distributors, Inc. X-17A-5 (2021-02-24) — Broker-dealer annual report - Company: AMG Distributors, Inc. - Form: X-17A-5 - Filed: 2021-02-24 - Period: 2020-12-31 - Accession: 0000867971-21-000002 - CIK: 867971 - File #: 8-43057 - Material weakness: No - Auditor: PricewaterhouseCoopers LLP - Auditor location: Boston, MA - Contact: Andrew Reid - Phone: 203-642-7452 - Signed by: Andrew Reid (Financial and Operations Principal) Original filing: https://www.sec.gov/Archives/edgar/data/867971/000086797121000002/AMGDistributors2020FINAL2.pdf --- {0}------------------------------------------------ # AMG Distributors, Inc. (A wholly owned subsidiary of AMG Funds LLC) Financial Statements and Supplemental Information December 31, 2020 {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ## ANNUAL AUDITED REPORT FORM X-17A-5 PART III | | OMB APPROVAL | | | |---------------------------|------------------|-----------|--| | OMB Number: | | 3235-0123 | | | Expires: | October 31, 2023 | | | | Estimated average burden | | | | | Hours per response 12.00 | | | | | | | | | | | SEC FILE NUMBER | |---------|-----------------| | 3-43057 | | FACING PAGE ## Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder | REPORT FOR THE PERIOD BEGINNING | 01/01/2020
AND ENDING | | 12/31/2020 | | |-----------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|-----|-----------------------------|-------------------| | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF BROKER-DEALER: AMG Distributors, Inc.
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use
P.O. Box No.) | | | | OFFICIAL USE ONLY | | | | | | FIRM I.D. NO. | | One Stamford Place, 263 Tresser Blvd., Suite 949 | | | | | | (No. and Street) | | | | | | Stamford | CT | | 06901 | | | (City) | (State) | | (Zip Code) | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT | | | | | | Andrew Reid | | 203 | 642-7452 | | | | | | (Area Code - Telephone No.) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report* | | | | | | PricewaterhouseCoopers LLP | | | | | | | (Name -- if individual, state last, first, middle name) | | | | | 101 Seaport Blvd., Suite 500 | Boston | | MA | 02110 | | (Address) | (City) | | (State) | (Zip Code) | | | | | | | | CHECK ONE: | | | | | | Certified Public Accountant
区 | | | | | | 11
Public Accountant | | | | | | 1 | Accountant not resident in United States or any of its possessions. | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See Section 240.17a-5(e)(2). SEC 1410 (11-05) Potential 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. {2}------------------------------------------------ #### OATH OR AFFIRMATION I, Andrew Reid \_\_ , swear (or affirm) that, to the best of my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of . AMG Distributors, Inc. . as of December 21, 2020 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ principal officer or director has any proprietary interest in any account classified solely as that of a customer, except as follows: | | Signature
Catherine E. Shields | |---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | Notary Public
ly Commission Expires 07/31/2024 | | | Financial and Operations Principal
State of Connecticut | | | Title | | | | | | Notary Public | | | This report** contains (check all applicable boxes): | | X (a) | Facing Page. | | X (b) | Statement of Financial Condition. | | XI(c) | Statement of Income (Loss). | | X (d) | Statement of Changes in Financial Condition. | | A (e) | Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietor's Capital. | | (f) | Statement of Changes in Liabilities Subordinated to Claims of Creditors. | | A (g) | Computation of Net Capital. | | (h) | Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3. | | × (i) | Information Relating to the Possession or Control Requirements Under Rule 15c3-3. | | (i) | A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule
15c3-1 and the Computation for Determination of the Reserve Requirements Under Exhibit A of
Rule 15c3-3. | | (K) | A Reconciliation between the audited and unaudited Statements of Financial Condition with respect
to methods of consolidation. | | X (1) | An Oath or Affirmation. | | X (m) | A copy of the SIPC Supplemental Report. | | (n) | A report describing any material inadequacies found to exist or found to have existed since the date
of the previous audit. | | | ** For conditions of confidential treatment of certain portions of this filing, see section 240.17a-5(e)(3). | {3}------------------------------------------------ | | Page(s) | |--------------------------------------------------------------------------------------------------------|---------| | Report of Independent Registered Public Accounting Firm | 1 | | Financial Statements | | | Balance Sheet | 2 | | Statement of Operations | 3 | | Statement of Changes in Shareholder's Equity | ব | | Statement of Cash Flows | 5 | | Notes to Financial Statements | | | Supplemental Information | | | Schedule I - Computation of Net Capital Under Rule 15c3-1
of the Securities and Exchange Commission | 11 | | Schedule II - Statement Regarding Rule 15c3-3
of the Securities and Exchange Commission | 12 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ## **Report of Independent Registered Public Accounting Firm** To the Shareholder of AMG Distributors, Inc. ## *Opinion on the Financial Statements* We have audited the accompanying balance sheet of AMG Distributors, Inc. (the "Company") as of December 31, 2020, and the related statements of operations, changes in shareholder's equity and cash flows for the year then ended, including the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2020, 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 the Company's management. Our responsibility is to express an opinion on the Company'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 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 of these financial statements 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. ## *Supplemental Information* The accompanying Computation of Net Capital under Rule 15c3-1 of the Securities and Exchange Commission and Statement Regarding Rule 15c3-3 of the Securities and Exchange Commission as of December 31, 2020 (collectively, the "supplemental information") have been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company'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 Rule 17a-5 under the Securities Exchange Act of 1934. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. Boston, Massachusetts February 24, 2021 h We have served as the Company's auditor since 2006. *PricewaterhouseCoopers LLP, 101 Seaport Blvd., Boston, MA 02110 T: (617) 530 5000, F: (617) 530 5001, www.pwc.com/us* {5}------------------------------------------------ #### **1:;91\*<;69:5+ >0633@6>5-,:<\*:1,1)9@6.<5,: )3)5+-#0--; -+-4\*-9** | |
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| ,96244@>A2?J:?8?@E6D2C62?:?E68C2=A2CE@7E96D67:?2?4:2=DE2E6>6?ED {7}------------------------------------------------ ## AMG Distributors, Inc. ## (A wholly owned subsidiary of AMG Funds LLC) Statement of Changes in Shareholder's Equity Year Ended December 31, 2020 | | Common
Stock | | Paid-in
Capital | Retained
Earnings | | Total | |----------------------------|-----------------|--|--------------------|-------------------------------------------|---|---------| | Balance, December 31, 2019 | ಕೊ | | | 10 \$ 1,129,990 \$ 2,646,733 \$ 3,776,733 | | | | Net income | | | | 213,043 | ಕ | 213,043 | | Balance, December 31, 2020 | ಕಾ | | | 10 \$ 1,129,990 \$ 2,859,776 \$ 3,989,776 | | | The accompanying notes are an integral part of these financial statements. {8}------------------------------------------------ #### **1:;91\*<;69:5+ >0633@6>5-,:<\*:1,1)9@6.<5,: #;);-4-5;6.):036>: (-)95,-,-+-4\*-9** | |
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