# EVERLAKE DISTRIBUTORS, LLC X-17A-5 (2022-03-01) — Broker-dealer annual report

- Company: EVERLAKE DISTRIBUTORS, LLC
- Form: X-17A-5
- Filed: 2022-03-01
- Period: 2021-12-31
- Accession: 0000910739-22-000027
- CIK: 1094466
- File #: 8-52029
- Type: Broker-dealer
- Material weakness: No
- Auditor: Deloitte & Touche
- Auditor location: Chicago, IL
- Contact: Julie Harrigan
- Phone: 847-826-2369
- Email: julle.harrlgan@everlakelife.com
- Website: everlakelife.com
- Signed by: Rebecca Kennedy (Manager & President)

Original filing: https://www.sec.gov/Archives/edgar/data/1094466/000091073922000027/facingpageks.pdf

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#### STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2021

| REVENUES:                                  |   |           |
|--------------------------------------------|---|-----------|
| Fee income                                 | S | 4,375,050 |
| Underwriting revenue                       |   | 184,392   |
| Interest income                            |   | 92        |
| TOTAL REVENUES                             |   | 4,559,534 |
| EXPENSES:                                  |   |           |
| Salaries and employee benefits expenses    |   | 4,108,776 |
| General and administrative expenses        |   | 317,665   |
| Regulatory fees                            |   | 73,020    |
| Wholesaling and marketing expenses         |   | 59,981    |
| TOTAL EXPENSES                             |   | 4,559,442 |
| INCOME FROM OPERATIONS BEFORE INCOME TAXES |   | 92        |
| INCOME TAX EXPENSE                         |   | 19        |
| NET INCOME                                 | S | 73        |

See notes to financial statements.

{5}------------------------------------------------

#### STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2021

| MEMBER'S EQUITY - Beginning of year | A | 1,025,879 |
|-------------------------------------|---|-----------|
| NET INCOME                          |   | 73        |
| MEMBER'S EQUITY — End of year       |   | 1,025,952 |

See notes to financial statements.

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| *#&.*)&\$&')+ %+ - + *                                               |          |
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| %5D9>3?=5                                                            | <br><br> |
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| 81>75C9>                                                             |          |
| )5359F12<56B?=1669<91D5C                                             | <br>     |
| &D85B1CC5DC                                                          | <br>     |
| '1I12<5D?1669<91D5C                                                  | <br>     |
| 33?E>DC@1I12<51>4133BE545H@5>C5C                                     | <br>     |
| >3?=5D1H5C@1I12<5                                                    | <br>     |
| %5D31C8@B?F94542I?@5B1D9>713D9F9D95C                                 | <br>     |
| %+ %)* %*%*(, -#%+*                                                  | <br>     |
| *%*(, -#%+*L579>>9>7?6I51B                                           |          |
| *%*(, -#%+*L>4?6I51B                                                 | <br><br> |

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| F5B<1;5#965 >CEB1>35?=@1>I                                    | <br> |  |
|---------------------------------------------------------------|------|--|
| +85?=@1>IB5@?BD54D856?<<?G9>71C@1I12<5D?1669<91D5C1C?6535=25B |      |  |
| F5B<1;5#965 >CEB1>35?=@1>I                                    | <br> |  |
| F5B<1;5*5BF935C?=@1>I                                         |      |  |
| +?D1<                                                         | <br> |  |

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

## COMPUTATION OF NET CAPITAL FOR BROKERS AND DEALERS PURSUANT TO RULE 15c3-1 UNDER THE SECURITIES EXCHANGE ACT OF 1934

| December 31, 2021                                                               |        | Schedule G |
|---------------------------------------------------------------------------------|--------|------------|
| NET CAPITAL                                                                     |        |            |
| TOTAL MEMBER'S EQUITY<br>ADJUSTMENTS TO NET CAPITAL PURSUANT TO RULE<br>15C3=1: | S      | 1,025,952  |
| Nonallowable assets:                                                            |        |            |
| Receivable from affiliates                                                      | 81,218 |            |
| Other assets                                                                    | 27,645 |            |
| Total nonallowable assets                                                       |        | 108,863    |
| HAIRCUTS ON SECURITIES POSITIONS:                                               |        |            |
| 2% Haircut on money market                                                      | ತಿ     | 15,585     |
| NET CAPITAL                                                                     | S      | 901,504    |
| AGGREGATE INDEBTEDNESS                                                          | S      | 159,396    |
| COMPUTATION OF ALTERNATE NET CAPITAL<br>REQUIREMENT:                            |        |            |
| MINIMUM NET CAPITAL REQUIRED                                                    |        |            |
| (6 2/3% of aggregate indebtedness)                                              | S      | 10,633     |
| MINIMUM DOLLAR NET CAPITAL REQUIREMENT OF                                       |        |            |
| REPORTING BROKER OR DEALER                                                      | S      | 5,000      |
| NET CAPITAL REQUIREMENT (Greater of \$5,000 or                                  |        |            |
| 6 2/3% of aggregate indebtedness)                                               | S      | 10,633     |
| EXCESS NET CAPITAL                                                              | S      | 890,871    |
| PERCENTAGE OF AGGREGATE INDEBTEDNESS TO NET                                     |        | 17.68 %    |
| CAPITAL                                                                         |        |            |

Note: There are no material differences between the computations using the amounts reported in the accompanying audited financial statements and the computations as reported in the Company's unaudited amended FOCUS report, Part IIA, Form X17a-5, as of December 31, 2021, filed on February 23, 2022.

{13}------------------------------------------------

#### COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS FOR BROKERS AND DEALERS PURSUANT TO RULE 15C3-3 UNDER THE SECURITIES EXCHANGE ACT OF 1934 December 31, 2021

Schedule H

The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934, in that the Company's activities are limited to those set forth in the conditions for exemption appearing in paragraph (k)(1) of Rule 15c3-3.

{14}------------------------------------------------

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