# GUGGENHEIM INVESTOR SERVICES, LLC X-17A-5 (2024-02-21) — Broker-dealer annual report - Company: GUGGENHEIM INVESTOR SERVICES, LLC - Form: X-17A-5 - Filed: 2024-02-21 - Period: 2023-12-31 - Accession: 0000885730-24-000001 - CIK: 885730 - File #: 8-44742 - Type: Broker-dealer - Material weakness: No - Auditor: KPMG LLP - Auditor location: Chcago, IL - Contact: Rebecca (Ying) Chan - Phone: 212-381-7555 - Email: dina.dilorenzo@guggenheimpartners.com - Website: guggenheimpartners.com - Signed by: Dina D'Lorenzo (Managing Executive) Original filing: https://www.sec.gov/Archives/edgar/data/885730/000088573024000001/gis2023fspub.pdf --- {0}------------------------------------------------ An Indirect Wholly Owned Subsidiary of Guggenheim Capital, LLC # (SEC I.D. No. 8-44742) # STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023 (With Report of Independent Registered Public Accounting Firm Thereon) {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 > SEC FILE NUMBER 8-44742 # 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 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 01/01/2023 12/31/2023 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION # NAME OF FIRM: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Guggenheim Investor Services, LLC 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.) # \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 330 Madison Avenue | (No. and Street) | | | | | |-----------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--| | | | 10017 | | | | (State) | | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Dina.DiLorenzo@guggenheimpartners.com | | | | | (Area Code – Telephone Number) | | | | | | | | | | | | | | | | | | (Name – if individual, state last, first, and middle name)
200 E. Randolph St. | | | | | | | | 60601 | | | | (City) | (State) | (Zip Code) | | | | | | | | | | | (PCAOB Registration Number, if applicable) | | | | | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | 212-901-9405
B. ACCOUNTANT IDENTIFICATION
Chicago
(Date of Registration with PCAOB)(if applicable) | New York
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(Email Address)
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
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IL
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185
_____________________________________________________________________________________ | | | \* 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. {2}------------------------------------------------ - - - - - - - - - - - - - - - - - - - - - - - - - - - {3}------------------------------------------------ December 31, 2023 ## Table of Contents | | Page(s) | |---------------------------------------------------------|---------| | Report of Independent Registered Public Accounting Firm | 1 | | Statement of Financial Condition | 2 | | Notes to Statement of Financial Condition | 3-4 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) KPMG LLP Aon Center Suite 5500 200 E. Randolph Street Chicago, IL 60601-6436 # **Report of Independent Registered Public Accounting Firm** To the Member and Management Guggenheim Investor Services, LLC: # *Opinion on the Financial Statement* We have audited the accompanying statement of financial condition of Guggenheim Investor Services, LLC (the Company) as of December 31, 2023, and the related notes (collectively, 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, 2023, in conformity with U.S. generally accepted accounting principles. ## *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 provides a reasonable basis for our opinion. ![](_page_4_Picture_9.jpeg) We have served as the Company's auditor since 2003. Chicago, Illinois February 16, 2024 {5}------------------------------------------------ Statement of Financial Condition December 31, 2023 | Assets | | |----------------------------------------|------------------| | Cash | \$
15,626,772 | | Other assets | 40,089 | | Total assets | \$
15,666,861 | | Liabilities and Member's Equity | | | Accrued expenses and other liabilities | \$
59,480 | | Due to related parties | 230,373 | | Total liabilities | 289,853 | | Member's equity | 15,377,008 | | Total liabilities and member's equity | \$
15,666,861 | The accompanying notes are an integral part of the Statement of Financial Condition. {6}------------------------------------------------ Notes to Statement of Financial Condition December 31, 2023 #### 1. Organization and Nature of Business Guggenheim Investor Services, LLC (the Company) is a broker-dealer registered with the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the Securities Investor Protection Corporation (SIPC). The Company is a wholly-owned subsidiary of Guggenheim Funds Services, LLC (the Parent) whose ultimate parent is Guggenheim Capital, LLC (Guggenheim). The Company engages in advisory services for financial structuring transactions. ## 2. Summary of Significant Accounting Policies # Basis of Presentation The accompanying statement of financial condition of the Company has been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). ### Use of Estimates The preparation of the financial statement in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statement and accompanying notes. Actual results could differ from those estimates. #### Cash The Company maintains cash at federally insured banking institutions. Cash on deposit with financial institutions may, at times, exceed federal insurance limits. #### Income Taxes The Company is a single member LLC, organized as a Delaware Limited Liability Company, and treated as a disregarded entity for U.S. income tax purposes. State and local tax liabilities are determined under individual state laws. The Company's income is included in the federal and state income tax returns of the tax regarded entity. Accounting Standards Codification (ASC) 740-10, Income Taxes, requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Company's tax returns to determine whether the tax positions are more-likely than-not of being sustained by the applicable tax authority based upon technical merits of the position. Tax benefits from tax positions not deemed to meet the more-likely than-not threshold should not be recognized in the year of determination. Management has reviewed the Company's tax positions for all open years and concluded that the Company has no material uncertain tax positions at December 31, 2023. Further, as of December 31, 2023, the Company has recorded no liability for net unrecognized tax benefits relating to uncertain tax positions they have taken or expect to take in future tax returns. The Company has not recorded any penalties and/or interest related to uncertain tax positions. ## New Accounting Pronouncements In November 2023, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2023-07, Improvements to Reportable Segment Disclosures (ASU 2023-07), which primarily requires enhanced disclosures about significant segment expenses. The guidance also clarifies that a public business entity with a single reportable segment is required to provide disclosures required by the amendments in ASU 2023-07 and existing segment disclosures in ASC {7}------------------------------------------------ # Notes to Statement of Financial Condition December 31, 2023 Topic 280, Segment Reporting. The guidance is effective for fiscal years beginning after December 15, 2023, with early adoption permitted. The Company is currently evaluating the impact to financial statement disclosures. ## 3. Related-Party Transactions In the ordinary course of business, the Company earned fees relating to structuring and arranging securitized transactions. Related parties may invest in such structured transactions. Certain services are charged to the Company from its related parties under the Services and Expense Agreement, effective as of January 1, 2023. These services include, but are not limited to administrative, compliance, legal, business and operations personnel, premises, human resources, information technology, systems and office administration. # 4. Regulatory Requirements As a registered broker-dealer, the Company is subject to the Uniform Net Capital Rule 15c3-1 under the Securities Exchange Act of 1934, which requires the maintenance of the greater of minimum net capital of \$5,000, or 6 2/3%, of aggregate indebtedness, and that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. The rule also provides that equity capital may not be withdrawn or cash dividends paid if certain minimum net capital requirements are not met. At December 31, 2023, net capital was \$15,336,919, an excess of \$15,317,595, and the ratio of aggregate indebtedness to net capital was 0.02 to 1. The Company does not carry customer accounts and does not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3-3. The Company is relying on Footnote 74 of the SEC Release No. 34- 70073 adopting amendments to 17 C.F.R. §240.17a-5 because the Company limits its business activities exclusively to corporate finance, merger and acquisition, and divestiture and investment advice services. # 5. Subsequent Events Management has evaluated all subsequent transactions and events after the statement of financial condition date through February 16, 2024, the date the financial statements were available to be issued and has determined that no items require disclosure. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.