# METRIC FINANCIAL INC. X-17A-5 (2021-03-30) — Broker-dealer annual report - Company: METRIC FINANCIAL INC. - Form: X-17A-5 - Filed: 2021-03-30 - Period: 2020-12-31 - Accession: 0000915224-21-000004 - CIK: 915224 - File #: 8-46684 - Material weakness: No - Auditor: DAVID LUNDGREN & COMPANY, CPAs, CHARTERED - Auditor location: OLATHE, KS - Contact: SCOTT RYLL - Phone: 404-465-4294 - Email: sryll@metric-financial.com - Website: metric-financial.com - Signed by: SCOTT RYLL (PRESIDENT/CEO/CCO) Original filing: https://www.sec.gov/Archives/edgar/data/915224/000091522421000004/metric2020audit.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 QMB APPROVAL QMB Number. 3235-0123 Expires: October 31, 2023 Estimated average burden hours per response . ... . 12.00 > SEC FILE NUMBER 8-46684 | ANNUAL AUDITED REPORT | |-----------------------| | FORM X-17A-5 | | PART III | | | ## FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the ation Required of Droice of 1934 and Rule 17a-5 Thereunder | REPORT FOR THE PERIOD BEGINING | JANUARY 1, 2020
MM/DD/YY | AND ENDING | DECEMBER 31, 2020
MM/DD/YY | | |----------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------|------------|---------------------------------------------|--| | | A. REGISTRANT IDENTIFICATION | | | | | | | | OFFICAL USE ONLY | | | NAME OF BROKER DEALER: | METRIC FINANCIAL, INC. | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | FIRM ID. NO. | | | | 1180 W PEACHTREE STREET SUITE 1910 | | | | | | (No. and Street) | | | | | | | | 30309 | | | ATLANTA
(City) | GA
(State) | | (Zip Code) | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
SCOTT RYLL | | | 404-465-4294
(Area Code - Telephone No.) | | | | B. ACCOUNTANT DESIGNATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report* | | | | | | | DAVID LUNDGREN & COMPANY CPAs, Chartered | | | | | | (Name - if individual, state last, first, middle name) | KANSAS | 66062 | | | 505 NORTH MURLEN ROAD OLATHE
(Address and City) | | (State) | (Zip Code) | | | CHECK ONE:
X Certified Public Accountant
Public Accountant
Accountant not resident in United States or any of its possessions | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | | | seems for and in a realinent of facts and circumstances relied on as the basis for the exemption. See section 240.17a-5(e)(2). Potential persons who are to respond to the collection of information contained in this form are required to respond unless the form displays a current valid OMB control number. SEC 1410 (11-05) {1}------------------------------------------------ # OATH OR AFFIRMATION | | SCOTT RYLL | , swear (or affirm) that, to the | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | MTERIC FINANCIAL, INC | best of my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm or
, as of | | DECEMBER | | 31, 2020 are true and correct. I further swear (or affirm) that neither the company | | a customer, except as follows: | | nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of | | | | | | SARAH LANE
NOTARY PUBLIC
Fulton County
State of Georgia
My Comm. Expires Jan. 24, 2025 | | Signature | | | | PRESIDENT CEO/CCO | | Public Notary | | Title | | This report** contains (check all applicable boxes);
(a) Facing page.
(b) Statement of Financial Condition.
Income (as defined in §210.1-02 of Regulation S-X).
(d) Statement of Changes in Financial Condition.
(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.
(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.
solidation. | | (c) Statement of Income (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement of Comprehensive
(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 Statements of Financial Condition with respect to methods of con- | \*\* For conditions of confidential treatment of certain portions of this filing, see section 240.17a-5(e)(3). {2}------------------------------------------------ **Metric Financial Inc. FINANCIAL STATEMENTS With Report of Registered Public Accounting Firm For the Year Ended December 31, 2020** {3}------------------------------------------------ ## **Metric Financial Inc.** # **'December 31, 2020 Index to Financial Statements** | Independent Auditor's Report
Statement of Financial Condition
Statement of Operations
Statement of Change of Stockholders Equity
Statement of Cash Flow
Financial Statement NOTES | 1
2
3
4
5
6-7 | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------| | Supplementary Info
Schedule I - Computation of Net Capital
Schedule II - Computation for Determination of Reserve Requirements
Schedule III - Information for Possession or Control Requirements | 8
9
10 | | Review Report by Independent Registered Accounting Firm Related to Exemption
Provision underRule 15c3‐3 | 11 | | Metric Financial Exemption Report under Rule 15c3‐3 | 12 | {4}------------------------------------------------ David B. Lundgren, mba, cpa CATHERINE LUNDGREN MBA, CPA Telephone (913) 782-9530 Facsimile (913) 782-9564 ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholders of Metric Financial, Inc. ## Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Metric Financial, Inc. as of December 31, 2020, the related statements 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 Metric Financial, Inc. 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 Metric Financial, Inc.'s management. Our responsibility is to express an opinion on Metric Financial, Inc.'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 Metric Financial, 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. ## Supplemental Information Schedule I, II, and III have been subjected to audit procedures performed in conjunction with the audit of Metric Financial, Inc.'s financial statements. The supplemental information is the responsibility of Metric Financial, Inc.'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, its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the Schedule I, II, and III are fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as Metric Financial, Inc.'s auditor since 2020. Olathe, Kansas March 29, 2021 {5}------------------------------------------------ ## **STATEMENT OF FINANCIAL CONDITION Metric Financial Inc. December 31, 2020** | ASSETS | 2020 | |--------------------------------------------------------------------------------------------|---------------| | Current Assets | | | Cash | \$
899,891 | | Accounts receivable | 47,588 | | Prepaid Expenses | 2,653 | | Total Current Assets | 950,132 | | Total Assets | 950,132 | | | | | LIABILITIES AND STOCKHOLDERS' EQUITY | | | Current Liabilities | | | Accounts payable and accrued liabilities | 406,671 | | Total Current Libilities | 406,671 | | Total Liabilities | 406,671 | | | | | Stockholders' Equity | | | Capital stock, \$1 par value, 80,000 shares authorized 2,723 shares issued and outstanding | 2,723 | | Paid in capital | 51,448 | | Retained earnings | 489,290 | | Total Stockholders' Equity | 543,461 | | Total Liabilities And Stockholders' Equity | 950,132 | {6}------------------------------------------------ # **Metric Financial Inc. STATEMENT OF FINANCIAL OPERATIONS For the Year Ended December 31, 2020** | | | 2020 | | |------------------------------------------------------------|----|---------------|--| | Income:
Offering Manager Fee Revenue
Interest Income | \$ | 953,713
13 | | | | | 953,726 | | | General and Administrative Expenses: | | | | | Performance Bonus | | 400,000 | | | Occupancy Costs | | 2,800 | | | Professional fees | | 11,188 | | | Consulting Fees | | 222,755 | | | Compliance fees | | 18,625 | | | Computer Software | | 29,548 | | | Other expenses | | 13,861 | | | Total General and Administration Expenses: | | 698,777 | | | Net Income Before Income Tax: | | 254,949 | | | Income Tax Benefit | | 13,398 | | | Net Income | | 268,347 | | {7}------------------------------------------------ ## **STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY Metric Financial Inc. For the Year Ended December 31, 2020** | | Common
Stock | Additional
Paid In
Capital | Retained
Earnings | Total | |-----------------------------|-----------------|----------------------------------|----------------------|--------------| | Balance - beginning of year | \$
2,723 | \$ 31,448 | \$ 220,943 | \$ 255,114 | | Capital contribution | \$
- | \$ 20,000 | \$
- | \$
20,000 | | Net Income (Loss) | \$
- | \$
- | \$ 268,347 | \$ 268,347 | | Balance - end of year | \$
2,723 | \$ 51,448 | \$ 489,290 | \$ 543,461 | {8}------------------------------------------------ ## **Metric Financial Inc. STATEMENT OF CASH FLOWS For the Year Ended December 31, 2020** **2020** | Cash flows from operating activities: | | |-----------------------------------------------------------|---------------| | Net income (loss) | \$
268,347 | | Bad Debts | \$
4,529 | | Change in assets and liabilities: | | | (Increase) decrease in accounts receivable | 58,242 | | (Increase) decrease in Due from Affiliates | 10,500 | | (Increase) decrease in Accounts Payable, Accrued Expenses | 283,166 | | (Increase) decrease in Note Receivable - NPC | 7,890 | | (Increase) decrease in Prepaid Expenses | (2,653) | | Net cash provided (used) by operating activities | 630,021 | | | | | Cash flows from financing activities: | | | Increase in additional paid in capital | 20,000 | | Net cash provided (used) by investing activities | 20,000 | | Net increase (decrease) in cash | 650,021 | | Cash - beginning of year | 249,870 | | Cash - end of year | 899,891 | {9}------------------------------------------------ ## **Metric Financial Inc. NOTES TO FINANCIAL STATEMENTS For the Year Ended December 31, 2020** ## **Note 1 - Nature of Business** Metric Financial Inc. (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 provides the ability to transact from outside sources in order to distribute investment products and assist in the free flow of securities in the open market. The Company does not hold funds or securities for the accounts of its customers. ## **Note 2 - Summary of Significant Accounting Policies** ## **Basis of Accounting** The Company's policy is to prepare its financial statements in accordance with accounting principles generally accepted in the United States of America under the accrual basis of accounting. The accrual basis of accounting records revenue in the period it is earned rather than when received and records expenses in the period in which incurred rather than when paid. ## **Use of Estimates** The preparation of financial statements in conformity 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 the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. ## **Note 3 – Revenue Recognition** The Company has adopted Financial Accounting Standards Board ("FASB") Accounting Standards Update 2014-09, Revenue from Contracts with Customers ("ASU 2014-09") and the FASB's Accounting Standards Update 2016-08, Principal vs Agent Considerations ("ASU-2016-09"). The income reported on the Statement of Financial Operations is comprised of private placement fees and other service fees. The Company considers revenue to be generated when the Company satisfies a performance obligation. Revenue is considered earned when a) Evidence of an arrangement exists; b) The fee is fixed or able to be determinable; C) Performance has occurred; d) Collectability is reasonable assured. Revenues from fees arising from private securities placement in which the Company acts as an agent are recorded pursuant to the terms of the Company's agreements with the respective offering parties. Typically, fees are recorded based upon the capital commitments obtained as of the closing for a respective placement when all performance obligations to the client have been completed. Revenues from fees arising from mergers, acquisitions and other corporate reorganization transactions are recorded as success fees based on the achievement of performance obligations, agreed upon with the client, such as closing of the transaction. {10}------------------------------------------------ #### **Metric Financial Inc. NOTES TO FINANCIAL STATEMENTS For the Year Ended December 31, 2020** #### **Note 4 - Accounts Receivable** At December 31, 2020, accounts receivable consisted of current billings that were collected in January 2021. Accounts receivable are stated at the amount management expects to collect from outstanding accounts. Management provides for probable uncollectable accounts through a provision for bad debt expense and an adjustment to a valuation allowance based on its assessment of the current status of individual accounts. Accounts that are unpaid after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. As of December 31, 2020, no allowance for uncollectable accounts was deemed necessary. #### **Note 5 - Related Party** Metric Financial, Inc is solely owned by Bilal Malik of Malik Law Group ("MLG") which has entered into an expense sharing agreement with Metric Financial, Inc. During 2020 the Complany's expenses, pursuant to the terms of the ESA for the year ended December 31,2020, were approximately \$2800. Debt forgivness in the amount of \$5600 was given to Metric Financial during the first 6 months of 2020 due to the office space not being in use during the Covid 19 Pandemic. #### **Note 6 - Net Capital Requirements** Metric Financial Inc. is subject to the SEC Uniform Net Capital Rule (15c3-1) which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31, 2020, the Company had net capital of \$493,220 which was \$466,107 in excess of its required net capital of \$27,113 USD. #### **Note 7 – Fair Value Measurements** Fair Value - GASB Statement No. 72, Fair Value Measurement and Application, defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Statement establishes a three-level hierarchy of inputs used to measure fair value. • Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3 inputs are unobservable inputs, such as management's assumption of the default rate among underlying mortgages of a mortgage-backed security. The standards provide guidance on applying fair value to alternative investments, such as hedge and private equity funds. It also enhances disclosure requirements around those types of investments. Fair value measurements are based not on entry prices, but rather on exit prices—the price that would be received to sell the asset or paid to transfer the liability. While entry and exit prices differ conceptually, in many cases they may be identical and can be considered to represent fair value of the asset or liability at initial recognition. #### **Note 8 – Subsequent Events** In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through March 29, 2021 the date the financial statements were available to be issued. #### **Note 9 – Commitments and Contingencies** Metric Financial, Inc. has made no guarantees, does not have any pending lawsuits or arbitration claims and has no commitments. {11}------------------------------------------------ ## **Metric Financial Inc. SCHEDULE I COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION ACT OF 1934 December 31, 2020** | Total Capital | \$
543,461 | |--------------------------------------------------------------------------|---------------| | Deductions for Non-Allowable Assets | | | Notes, Loan receivables and prepaid expenses | \$
50,241 | | Net Capital before haircuts | \$
493,220 | | Haircuts on Securities | | | | \$
- | | Net Capital | \$
493,220 | | `
COMPUTATION OF BASIC NET CAPITAL REQUIREMENT | | | Minimum Net Capital required 6.2/3% of total aggregate indebtedness | \$
27,113 | | Minimum Dollar Net Capital Requirement of Reporting Broker Dealer | \$
5,000 | | Net Capital Requirement or Minimum Dollar in Accordance with Rule 15C3-1 | \$
27,113 | | Excess Net Capital | \$
466,107 | | COMPUTATION OF AGGREGATE INDEBTEDNESS | | | Total Liabilities | \$
406,671 | | Subordinated Debt | \$
- | | Total Aggregate Indebtedness to Net Capital | \$
406,671 | | Percentage of Aggregate Indebtedness to Net Capital | 82.45% | ## RECONCILIATION WITH COMPANY'S NET COMPUTATION OF NET CAPITAL INCLUDED IN PART IIA OF FORM X-17A-5 AS OF DECEMBER 31, 2021 There was no significant difference between net capital in Part IIA of Form X-17A-5 and net capital above. {12}------------------------------------------------ ## **Metric Financial Inc. SCHEDULE II COMPUTATION FOR DETERMINATION OF THE RESERVE REQUIREMENTS UNDER THE SECURITIES AND EXCHANGE COMMISSION RULE 15c3-3 December 31, 2020** The Company is exempt from the provisions of Rule 15c3-3 under Securities and Exchange Act of 1934, pursuant to paragraph (k)(2)(i) of the rule. {13}------------------------------------------------ ### **Metric Financial Inc. SCHEDULE III INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER SECURITIES AND EXCHANGE COMMISSION RULE 15c3-3 December 31, 2020** The Company is exempt from the provisions of Rule 15c3-3 under Securities and Exchange Act of 1934, pursuant to paragraph (k)(2)(i) of the rule. {14}------------------------------------------------ David B. Lundgren, MBA, CPA CATHERINE LUNDGREN MBA, CPA TELEPHONE (913) 782-9530 FACSIMII F (913) 782-9564 ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholders of Metric Financial, Inc. We have reviewed management's statements, included in the accompanying Exemption Report for year ended December 31, 2020, in which (1) Metric Financial, Inc. identified the following provisions of 17 C.F.R. 815c3-3(k) under which Metric Financial, Inc. claimed an exemption from 17 C.F.R. §240.15c3-3:(k)(2)((i) (exemption provision) and (2) Metric Financial, Inc. stated that Metric Financial, Inc. met the identified exemption provision throughout the most recent fiscal year without exception. Metric Financial, Inc.'s management is responsible for compliance with the exemption 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 Metric Financial, Inc.'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)(2)(i) of Rule 15c3-3 under the Securities Exchange Act of 1934. Olathe, Kansas March 29, 2021 {15}------------------------------------------------ # METRIC FINANCIAL INC. Metric Financial Inc. Report of Exemption from SEC Rule 15c3-3 l, Scott Ryll, President of Metric Financial Inc, attest to the following as required by the SEC in t of the states and oudit report for the period ending December 31, 2020. l, Scott Ryll, President of Metric Financial inc, attest to the Prix conjunction with our annual audit report for the period ending December 31, 2020. Metric Financial Inc. claims Exemption from SEC Rule 15c3-3 under the (k)(2)(i) provision. Metric e and the may of the may be Metric Thancial The head any customer funds or securities at any time during the year. Financial Inc. did not hold any customer funds or securities at any time during the y Metric Financial Inc. met the identified exemption provisions throughout the reporting period of January 1, 2020 through December 31, 2020 without exception. Scott Ryll Metric Financial Inc. {16}------------------------------------------------ David B. Lundgren, MBA. CPA CATHERINE LUNDGREN, MBA, CPA Telephone (913) 782-9530 Facsimile (913) 782-9564 ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES Board of Directors of Metric Financial, Inc. We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and with the Securities Investor Protection (SIPC) Series 600 Rules, which are enumerated below, which were agreed to by Metric Financial, Inc. (Company) and the SIPC, solely to assist you and the SIPC in evaluating the Compliance with the applicable instructions of the General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2020. Management of the Company is responsible for its Form SIPC-7 and for its compliance with those requirements. This agreedupon procedures engagement was conducted in accordance with attestation standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed and our findings are as follows: - 1) Compared the listed assessment payments in Form SIPC-7 with respective bank disbursement records entries, noting no differences; - 2) Compared the Total Revenue amount reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31, 2020 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2020, noting no differences; - 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences; - 4) Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and - 5) Compared the amount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed, noting no differences. We were not engaged to, and did not conduct an examination, the objective of which would be the expression of an opinion on compliance with the applicable instructions of the Form SIPC-7. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the information and use of the specified parties listed above and is not intended to be and should not be used by anyone other than these specified parties. Olathe, Kansas March 29, 2021 {17}------------------------------------------------ | SIPC-7 | | |----------------|--| | (36-REV 12/18) | | **SIPC-7 SIPC-7** SECURITIES INVESTOR PROTECTION CORPORATION P.O. Box 92185 Washington, D.C. 20090-2185 202-371-8300 #### (36-REV 12/18) (36-REV 12/18) **General Assessment Reconciliation** 12/31/2020 For the fiscal year ended **\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** (Read carefully the instructions in your Working Copy before completing this Form) ## **TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS** 1. Name of Member, address, Designated Examining Authority, 1934 Act registration no. and month in which fiscal year ends for purposes of the audit requirement of SEC Rule 17a-5: Date Paid \$ ( ) ( ) \$ \$ \$( ) 2. A. General Assessment (item 2e from page 2) B. Less payment made with SIPC-6 filed (**exclude interest**) C. Less prior overpayment applied D. Assessment balance due or (overpayment) E. Interest computed on late payment (see instruction E) for\_\_\_\_\_\_days at 20% per annum F. Total assessment balance and interest due (or overpayment carried forward) G. **PAYMENT: √ the box Check mailed to P.O. Box** q **Funds Wired** q **ACH** q **Total (must be same as F above)** H. Overpayment carried forward Note: If any of the information shown on the mailing label requires correction, please e-mail any corrections to form@sipc.org and so indicate on the form filed. Name and telephone number of person to contact respecting this form. SEC 8-46684 CRD 33324 Metric Financial, Inc. 1180 West Peachtree Street Suite 1910 Atlanta, GA 30309 Natalie Miller 706-429-2199 1430.57 1430.57 1430.57 1430.57 ✔ 3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registration number): | The SIPC member submitting this form and the
person by whom it is executed represent thereby
that all information contained herein is true, correct | Metric Financial Inc | | |-----------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------|--| | and complete. | (Name of Corporation, Partnership or other organization) | | | | | | | 27
January
21
Dated the
day of
, 20 | (Authorized Signature)
President | | | | (Title) | | | | This form and the assessment payment is due 60 days after the end of the fiscal year. Retain the Working Copy of this form | | | WER | Dates: | Postmarked | Received | Reviewed | | |------------|--------------|----------------------------|----------|---------------|--------------| | SIPC REVIE | Calculations | | | Documentation | Forward Copy | | | Exceptions: | | | | | | | | Disposition of exceptions: | | | | {18}------------------------------------------------ # **DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT** Amounts for the fiscal period beginning and ending 12/1/2020 12/31/2020 | Item No.
2a. Total revenue (FOCUS Line 12/Part IIA Line 9, Code 4030) | | Eliminate cents
953,713.19
\$ | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----|-------------------------------------| | 2b. Additions:
(1) Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and
predecessors not included above. | | | | (2) Net loss from principal transactions in securities in trading accounts. | | | | (3) Net loss from principal transactions in commodities in trading accounts. | | | | (4) Interest and dividend expense deducted in determining item 2a. | | | | (5) Net loss from management of or participation in the underwriting or distribution of securities. | | | | (6) Expenses other than advertising, printing, registration fees and legal fees deducted in determining net
profit from management of or participation in underwriting or distribution of securities. | | | | (7) Net loss from securities in investment accounts. | | | | Total additions | | | | 2c. Deductions:
(1) Revenues from the distribution of shares of a registered open end investment company or unit
investment trust, from the sale of variable annuities, from the business of insurance, from investment
advisory services rendered to registered investment companies or insurance company separate
accounts, and from transactions in security futures products. | | | | (2) Revenues from commodity transactions. | | | | (3) Commissions, floor brokerage and clearance paid to other SIPC members in connection with
securities transactions. | | | | (4) Reimbursements for postage in connection with proxy solicitation. | | | | (5) Net gain from securities in investment accounts. | | | | (6) 100% of commissions and markups earned from transactions in (i) certificates of deposit and
(ii) Treasury bills, bankers acceptances or commercial paper that mature nine months or less
from issuance date. | | | | (7) Direct expenses of printing advertising and legal fees incurred in connection with other revenue
related to the securities business (revenue defined by Section 16(9)(L) of the Act). | | | | (8) Other revenue not related either directly or indirectly to the securities business.
(See Instruction C): | | | | (Deductions in excess of \$100,000 require documentation) | | | | (9) (i) Total interest and dividend expense (FOCUS Line 22/PART IIA Line 13,
Code 4075 plus line 2b(4) above) but not in excess
of total interest and dividend income. | \$ | | | (ii) 40% of margin interest earned on customers securities
accounts (40% of FOCUS line 5, Code 3960). | \$ | | | Enter the greater of line (i) or (ii) | | | | Total deductions | | 0 | | 2d. SIPC Net Operating Revenues | | 953,713.19
\$ | | 2e. General Assessment @ .0015 | | 1430.57
\$ | | | | (to page 1, line 2.A.) | {19}------------------------------------------------ # **SIPC-7 Instructions** This form is to be filed by all members of the Securities Investor Protection Corporation whose fiscal years end in 2011 and annually thereafter. The form together with the payment is due no later than 60 days after the end of the fiscal year, or after membership termination. Amounts reported herein must be readily reconcilable with the member's records and the Securities and Exchange Commission Rule 17a-5 report filed. Questions pertaining to this form should be directed to SIPC via e-mail at form@sipc.org or by telephoning 202-371-8300. A. For the pur poses of this form, the term " SIPC Net O perating Revenues" shall mean gross revenues from the securities business as defined in or pursuant to the ap plic able sec tions of the Securities Investor Protec tion Ac t of 1970 ("Ac t ") and Ar ticle 6 of SIPC's bylaws (see page 4), less item 2c(9) on page 2. B. Gross revenues of subsidiaries, exc ept foreign subsidiaries, are required to be included in SIPC Net O perating Revenues on a c onsolidated basis exc ept for a subsidiary filing separately as explained hereinafter. If a subsidiar y was required to file a Rule 17a-5 annual audited statement of inc ome separately and is also a SIPC member, then such subsidiar y must itself file SIPC-7, pay the assessment, and should not be consolidated in your SIPC-7. SIPC Net O perating Revenues of a predec essor member which are not included in item 2a, were not repor ted separately and the SIPC assessments were not paid thereon by such predecessor, shall be included in item 2b(1). - C. Your General Assessment should be computed as follows: - (1) Line 2a For the ap plic able period enter total revenue based upon amounts repor ted in your Rule 17a-5 Annual Audited Statement of Inc ome prepared in c onformit y with generally ac c epted ac c ounting principles ap plic able to securities brokers and dealers. or if exempted from that rule, use X-17A-5 (FOCUS Report) Line 12, Code 4030. - (2) Adjustments The pur pose of the adjustments on page 2 is to determine SIPC Net Operating Revenues. - (a) Additions Lines 2b(1) through 2b(7) assure that assessable inc ome and gain items of SIPC Net O perating Revenues are totaled, unreduc ed by any losses (e.g., if a net loss was incurred for the period from all transac tions in trading ac c ount securities, that net loss does not reduc e other assessable revenues). Thus, line 2b(4) would include all shor t dividend and interest payments including those incurred in reverse c onversion ac c ounts, rebates on stoc k loan positions and repo interest which have been net ted in determining line 2(a). - (b) Deductions Line 2c(1) through line 2c(9) are either provided for in the statue, as in deduc tion 2c(1), or are allowed to arrive at an assessment base c onsisting of net operating revenues from the securities business. For example, line 2c(9) allows for a deduc tion of either the total of interest and dividend expense (not to exc eed interest and dividend inc ome), as repor ted on FOCUS line 22 /PART IIA line 13 (Code 4075), plus line 2b(4) or 40% of interest earned on customers' securities ac c ounts (40% of FOCUS Line 5 Code 3960). Be c er tain to c omplete both line (i) and (ii), entering the greater of the t wo in the far right c olumn. Dividends paid to shareholders are not c onsidered "Expense" and thus are not to be included in the deduc tion. Likewise, interest and dividends paid to par tners pursuant to the par tnership agreements would also not be deducted. If the amount repor ted on line 2c (8) aggregates to \$100,000 or greater, suppor ting documentation must ac company the form that identifies these deductions. Examples of suppor t information include; contractual agreements, prospectuses, and limited partnership documentation. - (i) Determine your SIPC Net O perating Revenues, item 2d, by ad ding to item 2a, the total of item 2b, and deducting the total of item 2c. - (ii) Multiply SIPC Net O perating Revenues by the ap plic able rate. Enter the resulting amount in item 2e and on line 2A of page 1. - (iii) Enter on line 2B the assessment due as reflec ted on the SIPC-6 previously filed. - (iv) Subtrac t line 2B and 2C from line 2A and enter the dif ferenc e on line 2D. This is the balanc e due for the period. - (v) Enter interest c omputed on late payment (if applicable) on line 2E. - (vi) Enter the total due on line 2F and the payment of the amount due on line 2G. - (vii) Enter overpayment carried forward (if any) on line 2H. D. Any SIPC member which is also a bank (as defined in the Securities Exchange Ac t of 1934) may exclude from SIPC Net O perating Revenues dividends and interest rec eived on securities in its investment ac c ounts to the ex tent that it c an demonstrate to SIPC's satisfac tion that such securities are held, and such dividends and interest are rec eived, solely in c onnec tion with its operations as a bank and not in c onnec tion with its operations as a broker, dealer or member of a national securities exchange. Any member who excludes from SIPC Net O perating Revenues any dividends or interest pursuant to the prec eding sentenc e shall file with this form a sup plementar y statement set ting for th the amount so excluded and proof of its entitlement to such exclusion. E. Interest on Assessments. If all or any par t of assessment paya ble under Se c tion 4 of the Ac t has not b een p ostmar ke d within 15 days af ter the due date thereof, the member shall pay, in addition to the amount of the assessment, interest at the rate of 20% per annum on the unpaid por tion of the assessment for each day it has been overdue. F. Securities and Exchange Commission Rule 17a-5(e) (4) requires those who are not exempted from the audit requirement of the rule and whose gross revenues are in exc ess of \$500,000 to file a sup plemental independent public ac c ountants repor t c overing this SIPC-7 no later than 60 days after their fiscal year ends. **Mail this completed form to SIPC together with a check for the amount due, made payable to SIPC, using the enclosed return PO BOX envelope, pay via ACH Debit Authorization through SIPC's ACH system at www.sipc.org/for-members/assessments or wire the payment to:** **On the wire identify the name of the firm and its SEC Registration 8-# and label it as "for assessment." Please fax a copy of the assessment form to (202)-223-1679 or e-mail a copy to form@sipc.org on the same day as the wire.** {20}------------------------------------------------ # **From Section 16(9) of the Act:** The term "gross revenues from the securities business" means the sum of (but without duplication)— (A) commissions earned in connection with transactions in securities effected for customers as agent (net of commissions paid to other brokers and dealers in connection with such transactions) and markups with respect to purchases or sales of securities as principal; (B) charges for executing or clearing transactions in securities for other brokers and dealers; (C) the net realized gain, if any, from principal transactions in securities in trading accounts; (D) the net profit, if any, from the management of or participation in the underwriting or distribution of securities; (E) interest earned on customers' securities accounts; (F) fees for investment advisory services (except when rendered to one or more registered investment companies or insurance company separate accounts) or account supervision with respect to securities; (G) fees for the solicitation of proxies with respect to, or tenders or exchanges of, securities; (H) income from service charges or other surcharges with respect to securities; (I) except as otherwise provided by rule of the Commission, dividends and interest received on securities in investment accounts of the broker or dealer; (J) fees in connection with put, call, and other options transactions in securities; (K) commissions earned for transactions in (i) certificates of deposit, and (ii) Treasury bills, bankers acceptances, or commercial paper which have a maturity at the time of issuance of not exceeding nine months, exclusive of days of grace, or any renewal thereof, the maturity of which is likewise limited, except that SIPC shall by bylaw include in the aggregate of gross revenues only an appropriate percentage of such commissions based on SIPC's loss experience with respect to such instruments over at least the preceding five years; and (L) fees and other income from such other categories of the securities business as SIPC shall provide by bylaw. Such term includes revenues earned by a broker or dealer in connection with a transaction in the portfolio margining account of a customer carried as securities accounts pursuant to a portfolio margining program approved by the Commission. Such term does not include revenues received by a broker or dealer in connection with the distribution of shares of a registered open end investment company or unit investment trust or revenues derived by a broker or dealer from the sales of variable annuities, the business of insurance, or transactions in security futures products. ## **From Section 16(14) of the Act:** The term "Security" means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, any collateral trust certificate, preorganization certificate or subscription, transferable share, voting trust certificate, certificate of deposit, certificate of deposit for a security, or any security future as that term is defined in section 78c(a)(55)(A) of this title, any investment contract or certificate of interest or participation in any profit-sharing agreement or in any oil, gas or mineral royalty or lease (if such investment contract or interest is the subject of a registration statement with the Commission pursuant to the provisions of the Securities Act of 1933 [15 U.S.C. 77a et seq.]), any put, call, straddle, option, or privilege on any security, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase or sell any of the foregoing, and any other instrument commonly known as a security. Except as specifically provided above, the term "security" does not include any currency, or any commodity or related contract or futures contract, or any warrant or right to subscribe to or purchase or sell any of the foregoing. ## **From SIPC Bylaw Article 6 (Assessments): Section 1(f):** The term "gross revenues from the securities business" includes the revenues in the definition of gross revenues from the securities business set forth in the applicable sections of the Act. # **Section 3:** For purpose of this article: (a) The term "securities in trading accounts" shall mean securities held for sale in the ordinary course of business and not identified as having been held for investment. (b) The term "securities in investment accounts" shall mean securities that are clearly identified as having been acquired for investment in accordance with provisions of the Internal Revenue Code applicable to dealers in securities. (c) The term "fees and other income from such other categories of the securities business" shall mean all revenue related either directly or indirectly to the securities business except revenue included in Section 16(9)(A)-(L) and revenue specifically excepted in Section 4(c)(3)(C)[Item 2c(1), page 2]. Note: If the amount of assessment entered on line 2e of SIPC-7 is greater than 1/2 of 1% of "gross revenues from the securities business" as defined above, you may submit that calculation along with the SIPC-7 form to SIPC and pay the smaller amount, subject to review by your Examining Authority and by SIPC. SIPC Examining Authorities: | ASE | American Stock Exchange, LLC | | |------|----------------------------------------------|---| | CBOE | Chicago Board Options Exchange, Incorporated | | | CHX | Chicago Stock Exchange, Incorporated | 4 | | | | | FINRA Financial Industry Regulatory Authority NYSE Arca, Inc. NASDAQ OMX PHLX SIPC Securities Investor Protection Corporation {21}------------------------------------------------ ![](_page_21_Picture_0.jpeg) | Certificate Of Completion | | | | | |-----------------------------------------------------------------------------------|----------------------------------------|-------------------------------|--|--| | Envelope Id: C5BE857730FA45C1BA21050631C988BC
Status: Completed | | | | | | Subject: Please DocuSign: SIPC 7 2020 Metric.pdf | | | | | | Source Envelope: | | | | | | Document Pages: 4 | Signatures: 1 | Envelope Originator: | | | | Certificate Pages: 2 | Initials: 0 | Scott Ryll Metric Financial | | | | AutoNav: Disabled | | 1180 W Peachtree St. | | | | EnvelopeId Stamping: Disabled | | Suite 1910 | | | | Time Zone: (UTC-05:00) Eastern Time (US & Canada) | | Atlanta, GA 30309 | | | | | | sryll@metric-financial.com | | | | | | IP Address: 104.6.218.152 | | | | Record Tracking | | | | | | Status: Original | Holder: Scott Ryll Metric Financial | Location: DocuSign | | | | 1/27/2021 12:44:04 PM | sryll@metric-financial.com | | | | | | | | | | | Signer Events | Signature | Timestamp | | | | Scott Ryll | | Sent: 1/27/2021 12:44:11 PM | | | | sryll@metric-financial.com | | Viewed: 1/27/2021 12:44:16 PM | | | | President | | Signed: 1/27/2021 12:45:28 PM | | | | Metric Financial | Signature Adoption: Pre-selected Style | Freeform Signing | | | | Security Level: Email, Account Authentication
(None) | Using IP Address: 104.6.218.152 | | | | | Electronic Record and Signature Disclosure:
Not Offered via DocuSign | | | | | | In Person Signer Events | Signature | Timestamp | | | | Editor Delivery Events | Status | Timestamp | | | | | | | | | | Agent Delivery Events | Status | Timestamp | | | | Intermediary Delivery Events | Status | Timestamp | | | | Certified Delivery Events | Status | Timestamp | | | | | | | | | | Carbon Copy Events | Status | Timestamp | | | | Natalie Miller | | Sent: 1/27/2021 12:45:29 PM | | | | nmiller@metric-financial.com | | Viewed: 1/27/2021 12:52:01 PM | | | | Security Level: Email, Account Authentication | | | | | | (None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign | | | | | | | | | | | | Witness Events | Signature | Timestamp | | | | Notary Events | Signature | Timestamp | | | | | | | | | | Envelope Summary Events | Status | Timestamps | | | | Envelope Sent | Hashed/Encrypted | 1/27/2021 12:44:11 PM | | | Certified Delivered Security Checked 1/27/2021 12:44:16 PM Signing Complete Security Checked 1/27/2021 12:45:28 PM Completed Security Checked 1/27/2021 12:45:29 PM {22}------------------------------------------------ Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.