Full text of PARK AVENUE SECURITIES LLC's X-17A-5 filed 2025-02-28 (period 2024-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # Park Avenue Securities LLC (A wholly owned subsidiary of The Guardian Life Insurance Company of America) Financial Statements and Supplementary Schedules Pursuant to Rule 17a-5 Under the Securities Exchange Act of 1934 December 31, 2024 (Confidential treatment requested) {1}------------------------------------------------ | Page | | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--| | Report of Independent Registered Public Accounting Firm 1 | | | Financial Statements | | | Statement of Financial Condition2 | | | Statement of Operations 3 | | | Statement of Changes in Member's Equity4 | | | Statement of Cash Flows5 | | | Notes to Financial Statements6 | | | Supplemental Schedules | | | Schedule I - Computation of Net Capital Pursuant to Uniform Net Capital Rule 15c3-1<br>of the Securities Exchange Act of 193416 | | | Schedule II - Computation of Determination of Reserve Requirements for Broker-Dealers<br>and Information for Possession or Control Requirements under Rule 15c3-3<br>of the Securities Exchange Act of 1934……17 | | {2}------------------------------------------------  #### **Report of Independent Registered Public Accounting Firm** To the Board of Managers and Member of Park Avenue Securities LLC #### *Opinion on the Financial Statements* We have audited the accompanying statement of financial condition of Park Avenue Securities LLC (the "Company") as of December 31**,** 2024 and the related statements of operations, changes in member'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, 2024 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 requi…Read the full text as markdown