# VIANT CAPITAL LLC X-17A-5 (2021-03-01) — Broker-dealer annual report - Company: VIANT CAPITAL LLC - Form: X-17A-5 - Filed: 2021-03-01 - Period: 2020-12-31 - Accession: 0001080577-21-000002 - CIK: 1080577 - File #: 8-51602 - Material weakness: No - Auditor: Cropper Accountancy Corporation - Auditor location: Walnut Creek, CA - Contact: Stephen J. Gurney - Phone: (917) 692-1309 - Signed by: Scott Smith (Partner & Managing Director) Original filing: https://www.sec.gov/Archives/edgar/data/1080577/000108057721000002/viantcapital2020public.pdf --- {0}------------------------------------------------ **UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** # **ANNUAL AUDITED REPORT FORM X-17A-5 PART Ill** | 0MB APPROVAL | | | |---------------------------|------------------|--| | 0MB Number: | 3235-0123 | | | Expires: | October 31, 2023 | | | Estimated average burden | | | | hours per response 12.00 | | | | | | | | | SEC FILE NUMBER | |---------|-----------------| | 8-51602 | | **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 | ____
MM/DD/YY | 0""'l'-'--/0"""'1"-'/2=0'----~AND ENDING | ___
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MM/DD/YY | | |--------------------------------------------------------------------------------------------------------------|--------------------------------------------------------|------------------------------------------|--------------------------------------------------------|--| | A. REGISTRANT IDENTIFICATION | | | | | | NAME OF BROKER-DEALER: VIANT CAPITAL, LLC | | | OFFICIAL USE ONLY | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | FIRM I.D. NO. | | | | 500 WASHING TON STREET SUITE 325 | | | | | | | (No. and Street) | | | | | SAN FRANCISCO
(City) | CA
(State) | | 94111
(Zip Code) | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
SCOTT SMITH | | | ( 415) 820-6100 | | | | | | (Area Code - Telephone Number) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNT ANT whose opinion is contained in this Report*
Cropper Accountancy Corporation | | | | | | | (Name - if individual, state last, first, middle name) | | | | | 2872 Y gnacio Valley Road, #460 | Walnut Creek | CA | 94598 | | | (Address) | (City) | (State) | (Zip Code) | | | CHECK ONE:
0
Certified Public Accountant
D
Public Accountant | | | | | | □ 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.l 7a-5(e)(2)* > **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 0MB control number.** {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | I, Scott Taylor Smith | , swear ( or affirm) that, to the best of | |----------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------| | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of | | | VIANT CAPITAL LLC | as | | , 2020
of December 31 | , are true and correct. I further swear ( or affirm) that | | neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account | | | classified solely as that of a customer, except as follows: | | 1gna re Partner & Managing Director Title 2/26/2021 #### Notary Public This report\*\* contains (check all applicable boxes): - 0 (a) Facing Page. - 0 (b) Statement of Financial Condition. - 0 ( c) Statement of Income (Loss). - 0 ( d) Statement of Changes in Financial Condition. - 0 ( e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital. - □ (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors. - 0 (g) Computation of Net Capital. - 0 (h) Computation for Determination of Reserve Requirements Pursuant to Rule15c3-3. - 0 (i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3. - □ (j) A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule 15c3-1 and the consolidation. Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. - D (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of - 0 (1) An Oath or Affirmation. - 0 (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. - 0 (o) Management Statement regarding Compliance with the Exemption Provision for Rule 15c3-3. - 0 (p) Report oflndependent Registered Public Accounting Firm regarding Rule 15c3-3 Exemption Report. *\*\*For conditions of confidential treatment of certain portions of this filing, see section 240.17 a-5 (e)(3 ).* {2}------------------------------------------------ # *VIANT CAPITAL LLC* # *(A LIMITED LIABILITY COMPANY)* *FINANCIAL STATEMENTS AND SCHEDULES* *DECEMBER 31, 2020* {3}------------------------------------------------ #### *TABLE OF CONTENTS* | | Page No. | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------| | Report of Independent Registered Public Accounting Firm | 1 | | Statement of Financial Condition | 2 | | Statement of Income | 3 | | Statement of Changes in Company Equity | 4 | | Statement of Cash Flows | 5 | | Notes to Financial Statements | 6-10 | | Supplementary Information | | | Computation of Net Capita/for Brokers and Dealers Pursuant to
Schedule I -
Rule 15c3-3 of the Securities and Exchange Commission | 11 | | Computation for determination of Reserve Requirements
Schedule II -
and Information Relating to the Possession or Control Requirements
Under Rule 15c3-3 of the SEC | 12 | | Report of Independent Registered Public Accounting Firm | 13 | | Viant Capital, LLC Exemption Report | 14 | | Independent Auditor's Report on Applying Agreed-Upon Procedures to an Entity's
SIPC Assessment Reconciliation | 15 | | SIPC-7 | 16-17 | {4}------------------------------------------------ ![](_page_4_Picture_1.jpeg) 2700 Ygnacio Valley Road, Ste 270 Walnut Creek, CA 94598 (925) 932-3860 tel (925) 476-9930 efax *www.* cropperaccountancy com #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Members of Viant Capital, LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Viant Capital, LLC as of December 31, 2020, the related statements of income, changes in company 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 Viant Capital, LLC 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 Viant Capital, LLC's management. Our responsibility is to express an opinion on Viant Capital, LLC'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 Viant Capital, LLC 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. #### **Auditors' Report on Supplemental Information** The supplemental information contained in Schedules I-II has been subjected to audit procedures performed in conjunction with the audit of Viant Capital, LLC's financial statements. The supplemental information is the responsibility of Viant Capital, LLC'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 17 C.F.R. §240.l 7a-5. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. fi. \_\_ , !cow,J-...c, ~.JiC:., ~~CCOUNTANCY CORPORATION We have served as Viant Capital, LLC's auditor since 2001. Walnut Creek, California February 26, 2021 {5}------------------------------------------------ # VIANT CAPITAL LLC Statement of Financial Condition December 31, 2020 ### ASSETS | Cash and cash equivalents | \$
823,862 | |---------------------------------------------------------------|-----------------| | Accounts receivable | 25,537 | | Prepaids and rent deposits | 18,891 | | Warrants | 789,772 | | Other investments | 135,300 | | Operating Lease Assets | 134,610 | | Furniture, equipment, and leasehold improvements, | | | net of accumulated depreciation and amortization of \$234,812 | 4,540 | | Total Assets | \$
1,932,512 | | LIABILITIES AND COMP ANY EQUITY | | | Liabilities: | | | Accounts payable and accrued liabilities | \$
78,295 | | Operating Lease Liability | 134,610 | | Deferred Revenue | 144,887 | | Loans | 215,600 | | Total Liabilities | 573,392 | | Company equity: | | | Contributed capital, net of accumulated withdrawals | (11,619,271) | | Cumulative earnings | 12,978,391 | | Total Company equity | 1,359,120 | | Total Liabilities and Company Equity | \$
1,932,512 | {6}------------------------------------------------ # VIANT CAPITAL LLC Statement of Income For the Year Ended December 31, 2020 | Revenue | | |---------------------------------|-----------------| | Retainers and success fees | 1,757,148
\$ | | Investment income (loss) | 4,324 | | Unrealized (loss) | (194,886) | | Total revenue | 1,566,586 | | Expenses | | | Payroll Related expenses | 526,526 | | Commission expense | 233,975 | | Rent, net of subtenants | 164,429 | | Insurance | 97,713 | | Professional fees: | | | Computer support | 39,196 | | Tax and Accounting | 70,323 | | Compliance | 77,011 | | Legal | 755 | | Office expense | 3,422 | | Regulatory fees | 9,957 | | Telephone and communication | 7,230 | | Travel and entertainment | 2,049 | | Subscriptions and data services | 2,548 | | State taxes | 684 | | Local taxes | 30,065 | | Interest expense | 6,234 | | Bad debt expense | 33,000 | | Depreciation and amortization | 583 | | Other | | | Total expenses | 1,305,700 | | Net income | \$
260,886 | {7}------------------------------------------------ # VIANT CAPITAL LLC Statement of Changes in Company Equity For the Year Ended December 31, 2020 | | Contributed
Capital, net | Accumulated
Earnings | Total | |--------------------------------|-----------------------------|-------------------------|--------------| | Balance -
December 31, 2019 | \$(11,353,442) | \$12,717,505 | \$ 1,364,063 | | Net income | | 260,886 | 260,886 | | Member Contribution | | | | | Members Distributions | (265,829) | | (265,829) | | Balance -
December 31, 2020 | \$(11,619,271) | \$12,978,391 | \$ 1,359,120 | {8}------------------------------------------------ # VIANT CAPITAL LLC Statement of Cash Flows For the Year Ended December 31, 2020 | Cash flows from operating activities: | | |------------------------------------------------------|---------------| | Net income | \$
260,886 | | Adjustments to reconcile net income to net | | | cash provided by (used in) operating activities: | | | Depreciation expense | 583 | | Unrealized gain on investments | 181,743 | | Changes in and liabilities: | | | (Increase) decrease in operating assets | | | Increase in accounts receivable | (23,557) | | Increase in lease deposits and prepaid expenses | 36,719 | | Lease assets | 143,375 | | Increase (decrease) in operating liabilities | | | Decrease in accounts payable and accrued liabilities | 46,833 | | Lease obligations | (143,375) | | Deferred Revenue | (180,313) | | Loans | 215,600 | | Net cash provided by (used in) operating activities | 538,494 | | Cash flows from investing activities: | | | Additions to fixed assets | (2,424) | | Sale of other investments | 43,252 | | Warrants | 196,435 | | Net cash provided by (used in) investing activities | 237,263 | | Cash flows from financing activities: | | | Member contributions | | | Members distributions | (265,829) | | Net cash provided by (used in) financing activities | (265,829) | | Net increase in cash | 509,928 | | Cash at beginning of year | 510,369 | | Cash at end of year | \$ 1,020,297 | | Supplemental disclosure: | | | State income taxes paid | \$
684 | | Interest paid | \$
6,234 | {9}------------------------------------------------ ### VIANT CAPITAL, LLC Notes to Financial Statements December 31, 2020 #### *1. General Information and Summary o(Si~nificant Accountin~ Policies* #### *Description o(Business* *Viant Capital, LLC (the "Company"), a subsidiary of Viant Group, LLC (the "Parent"), was incorporated February 3, 1999, and began business June 15, 1999. The Company is registered as a broker dealer in securities under the Securities Exchange Act of 1934.* *The Company acts as a placement agent for venture capital financing, underwrites securities transactions, and provides mergers and acquisition advice.* #### *Basis ofAccountin~* *The financial statements are prepared on the accrual basis of accounting wherein income is recognized as earned and expenses are recognized when incurred.* #### *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 certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.* #### *Warrants* *As part of the normal course of business, the Company receives stock warrants in private companies as part of its contractual agreements. These warrants have little, if any, value upon the signing of the agreement. When ( and if) the companies mature, and a foreseeable market becomes available, a value would be assigned to the warrant.* #### *Fair Value Measurements* *Fair Values are based on quoted market prices when available. In instances where there is little or no market activity for the same or similar instruments, the company estimates fair value using methods, models or assumptions that management believes market participants would use to determine a current transaction price. These valuation techniques involve some level of management estimation and judgment which becomes significant with increasingly complex instruments or pricing models. Where appropriate, adjustments are included to reflect the risk inherent in a particular methodology, model or inputused.* *US. GAAP establishes a hierarchy for inputs (level 1, 2, and 3 inputs, as defined) used in measuring fair value that maximizes the use of observable inputs, and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety.* {10}------------------------------------------------ ### VIANT CAPITAL, LLC Notes to Financial Statements December 31, 2020 #### *1. General Information and Summary o(Significant Accounting Policies (Continued)* *The three levels of inputs within the fair value hierarchy are defined as follows:* *Level 1- Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity has the ability to access as of the reporting date.* *Level 2* - *Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, through corroboration with observable data.* *Level 3* - *Unobservable inputs, such as internally developed pricing models for the asset or liability due to little or no market activity for the asset or liability.* *Additionally, U.S. GAAP requires enhanced disclosure regarding instruments in the Level 3 category (which have inputs to the valuation techniques that are unobservable and require significant management judgment). See note* 7, *Restricted Securities.for additional information.* #### *Cash and cash eauivalents* *The Company considers all highly liquid financial instruments purchased with an original maturity of three months or less to be cash equivalents.* *At December 31, 2020, the cash balance was held in two banks, and exceeded the FDIC limit of \$250,000 by \$583,971.* #### *2. Net Capital Reauirement* *As a registered broker and dealer in Securities, the Company is subject to the Securities Exchange Commission Uniform Net Capital Rule (Rule 15c3-l).* *The Company's ratio of aggregate indebtedness to net capital as defined in the Uniform Net Capital Rule was approximately 0.41 to 1 at December 31, 2020. Aggregate indebtedness and net capital change from day to day. The Company is required to maintain a ratio of less than 15 to 1. At December 31, 2020, the Company had net capital as defined of \$539,513, which exceeded the minimum requirement of \$14,879 by \$524,634. The Company must maintain a minimum net capital of 120% of the minimum required capital to avoid interim reporting requirements.* #### *3. Exemption From Rule 15c3-3* *The Company is exempt from certain provisions of Rule 15c3-3 since it does not clear transactions in securities or hold customer funds or securities. The Company carries no margin accounts and promptly transmits all customer funds, delivers all customer securities and will not otherwise hold funds or securities of customers.* {11}------------------------------------------------ ### VIANT CAPITAL, LLC Notes to Financial Statements December 31, 2020 #### *4. Lease Commitment* *The rent for 2020 was \$164,429, which was net of subtenant rents of \$186,895. The following are terms of the lease amendment signed in April of 2010. The amendment includes an additional 2,748 expansion space on the 4th floor in addition to the current 6115 sq fl on the 3rc1 floor at 500 Washington Street. A second lease amendment was signed in February 2016, which includes an extension term with a commencement date of December 2016 through November 2021.* | 500 Washington | Gross
Lease
Amount
2020 | Monthly
Payment
(Gross) | Sublease
Payments
2020 | Net Lease
Payments
2020 | |------------------------------------|----------------------------------|-------------------------------|------------------------------|-------------------------------| | September 2013 to
November 2021 | \$351,324 | \$28,091 | \$186,895 | \$164,429 | *In accordance with FASB ASC 842, the Company has recorded a lease asset to account for the right-of-use of the office space and a lease liability to account for the liability owed over the remaining life of the lease agreement. The balances of each were \$282,335 at December 31, 2020. Both the lease asset and the lease liability were offset by the balances of the sublease asset and the sublease liability, totaling \$147,725. The balances of the net lease asset and the net lease liability at December 31, 2020 were both \$134,610.* #### *5. Income Taxes* *There is no federal income tax liability for the Company at December 31, 2020. As a Limited Liability Company (LLC) the Company is a flow-through-entity similar to a partnership.* #### *6. Fixed Assets* *At December 31, 2020 the fixed assets were as follows:* | Furniture and equipment | \$175,136 | |--------------------------------------------|-------------| | Depreciation of furniture and equipment | 070,596) | | Net furniture and equipment | 4 540 | | Tenant improvements -
Washington Street | 64,216 | | Amortization of leasehold improvements | (64,216) | | Net leasehold improvements | | | Total fixed assets and leasehold | | | improvements | \$
4,540 | *Furniture and equipment are depreciated on a straight-line basis over 3* - 7 *years. The 2006 leasehold improvements were amortized over the term of the initial lease.* {12}------------------------------------------------ # VIANT CAP IT AL, LLC Notes to Financial Statements December 31, 2020 #### 7. *Restricted Securities* #### *Fair value measurements* *During the normal course of business, stock warrants are received for services performed by the Company.* *The Company also invested in early stage private companies. The Company currently holds both common and preferred shares of stock of private companies that are executed but not readily marketable. At December 31, 2020, the Company had common stock in four private companies totaling \$135,300. These private company investments would be deemed to be Level 3 due to the lack of significant observable inputs. The Company used the Black Scholes method of valuation to value the warrants at December 31, 2020. There were no transfers in or out of Level 3 during 2020.* #### *Warrants in Private Companies* *TheCompanyhaswarrantsinvariousprivatecompanies. The estimated value of these warrants is \$789,772 as of December 31, 2020. These warrants are classified as Level 3.* | | Warrants
and Options | Fair Market
Value | | |----------------------|-------------------------|----------------------|---------| | Greyrock Energy Inc. | 7,545 | \$ | 6,059 | | Gray Meta Inc. | 79,244 | | 145,017 | | GrayMeta, Inc. | 340,756 | | 623,583 | | ForeLight Inc. | 37,716 | | 14,780 | | Other Warrants | NIA | | 334 | | | | \$ | 789,773 | #### *8. Subsequent Events* *Management has evaluated subsequent events through the date on which the financial statements were available to be issued. No additional adjustments or disclosures to the financial statements were deemed necessary.* # *9. Recent Accountin[: Pronouncements* *In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments ("Topic 326 ''), which changes the recognition model for the impairment of financial instruments, including accounts receivable, loans and held-to-maturity debt securities, among others. Topic 326 was effective for the Company's fiscal year ending December 31st, 2020. Topic 326 will have applicability to the Company's accounts receivable portfolio. The Company adopted Topic 326 during the year, which had an immaterial impact on the Company's financial statements.* {13}------------------------------------------------ VIANT CAP IT AL, LLC Notes to Financial Statements December 31, 2020 # *10. Loan Payable* *The Company received a loan from First Republic Bank in the amount of \$63,600 under the Paycheck Protection Program established by the Coronavirus Aide, Relief, and Economic Security ("CARES") Act. The loan is subject to a note dated April 27, 2020 and may be forgiven to the extent proceeds of the loan are used for eligible expenditures, such as payroll and other expenses described in the CARES Act. The note bears interest at a rate of 1* % *per annum and is payable in monthly installments of principal and interest over twenty-four months beginning twelve months from the date of the loan. The loan may be repaid at any time with no prepayment penalty. The Company has determined that it is eligible for complete forgiveness of the note. As of December 31st, 2020 the Company has applied for loan forgiveness and is awaiting approval for complete forgiveness.* *The Company also received a loan from the US. Small Business Administration in the amount of \$152,000. The loan is subject to a note dated July 15, 2020. The Company must pay principal and interest payments every month beginning twelve months from the date of the note. All remaining principal and accrued interest is due and payable thirty years from the date of the Note.* {14}------------------------------------------------ # VIANT CAPITAL LLC Schedule I Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission December 31, 2020 | Company equity | | \$ 1,359,120 | |------------------------------------------------------------------------|-----------|-----------------| | Assets not allowed for net capital purposes: | | | | Accounts receivable | (25,537) | | | Deposits and prepaid assets | (18,891) | | | Warrants | (789,772) | | | Other investments | (135,300) | | | Net furniture and equipment | (4,540) | (974,040) | | Allowable credits | | 154,433 | | | | 539,513 A | | Minimum net capital required: | | | | Greater of 6-2/3% of aggregate indebtedness (\$223,182) | | | | or \$5,000 | | 14,879 | | Net capital in excess of requirement | | \$
524,634 | | Aggregate indebtedness | | \$
223,182 B | | Ratio of aggregate indebtedness (\$223,182) to net capital (\$539,513) | | 0.41 to 1 | | B | A | | *Reconciliation of above net capital to FOCUS Report filed:* | | Aggregate
Indebtedness | | Net
Capital | Ratio
AI/NC | |-----------------------------------------------------------|---------------------------|-------------------------|----------------|----------------| | Per submitted computation
Addition of deferred revenue | \$ | 78,295
\$
144,887 | 539,513 | 0.15 to 1 | | Per statements as finalized | \$ | 223,182
\$ | 539,513 | 0.41 to 1 | {15}------------------------------------------------ VIANT CAPITAL LLC Schedule II Computation for determination of Reserve Requirements and Information Relating to the Possession or Control Requirements Under Rule 15c3-3 of the SEC December 31, 2020 The Company is not claiming an exemption from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934. See Exemption Report for further detail. {16}------------------------------------------------ ![](_page_16_Picture_1.jpeg) 2700 Ygnacio Valley Road, Ste 270 Walnut Creek, CA 94598 (925) 932-3860 tel (925) 476-9930 etax www.cropperaccountancy.com ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPL YING AGREED-UPON PROCEDURES # To the Members ofViant Capital, LLC We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below and were agreed to by Viant Capital, LLC and the SIPC, solely to assist you and SIPC in evaluating Viant Capital, LLC's compliance with the applicable instructions of the General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2020. Viant Capital, LLC's management is responsible for its Form SIPC-7 and for its compliance with those requirements. This agreed-upon procedures engagement was conducted in accordance with standards established by 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 cash disbursement records entries, noting no differences; - 2) Compared the Total Revenue amounts 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 or review, the objective of which would be the expression of an opinion or conclusion, respectively, on Viant Capital, LLC's compliance with the applicable instructions of the Form SIPC-7 for the year ended December 31, 2020. Accordingly, we do not express such an opinion or conclusion. 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 Viant Capital, LLC and the SIPC and is not intended to be and should not be used by anyone other than these specified parties. *c--upp,t* ~-'1 *ferpyd;-hW'* CROP~R ACCOUNTANCY CORPORATION Walnut Creek, California February 26, 2021 {17}------------------------------------------------ Viant Capital LLC 500 Washington Street, Suite 325 San Francisco, CA 94111 #### **Viant Capital LLC Exemption Report** Viant Capital LLC (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.l 7a-5(d)(l) and (4). To the best of its knowledge and belief, the Company states the following: (1) The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3, and (2) The Company is filing this Exemption Report 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: (1) private placements of securities to institutional customers on a best efforts basis, and (2) merger and acquisition consulting and investment advisory; and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (2) did not carry accounts of or for customers; and (3) does not and will not carry P AB accounts (as defined in Rule 15c3-3). Viant Capital LLC I, Scott Smith, swear ( or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. l(OocuSlgned by: **By:** \_\_ L\_s\_;\_Fs\_~\_2\_~-~9\_F~\_Wi\_ oo\_~-- Title: CEO I Managing Director 02/26/21 2/26/2021 2 Footnote 74 of Release No. 34-70073 and the related SEC Staff Frequently Asked Questions contemplate a brokerdealer that: (1) does not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b )(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company); (2) does not carry accounts ofor for customers; and (3) does not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year. A broker-dealer that has one or more deviations from the practices described in Footnote 74 and the SEC Staff FAQs should consider whether it is appropriate for the broker-dealer to file a compliance report as opposed to an exemption report taking into account the nature and extent of the deviation or deviations. {18}------------------------------------------------ ![](_page_18_Picture_1.jpeg) 2700 Ygnacio Valley Road, Ste 270 Walnut Creek, CA 94598 (925) 932-3860 tel (925) 476-9930 efax www. crvpperaccountancy, com #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Members ofViant Capital, LLC We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Yiant Capital, LLC identified the following provisions of 17 C.F.R. §15c3-3(k) under which Viant Capital, LLC did not claim an exemption from 17 C.F.R. §240.15c3-3: because the Company filed the Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.F. §240.l 7a-5 because the Company limits its business activities exclusively to: (1) private placements of securities to institutional customers on a best efforts basis, and; (2) merger and acquisition consulting and investment advisory, and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (2) did not carry accounts of or for customers; and (3) does not and will not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. 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 Viant Capital, LLC's claim to limiting its business activities to (1) private placements of securities to institutional customers on a best efforts basis, and; (2) merger and acquisition consulting and investment advisory, and that the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (2) did not carry accounts of or for customers; and (3) does not and will not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. 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. ~ ~. **A-k<>IU\~<'1** *t,.,ptrJJi--* ACCOUNTANCY CORPORATION Walnut Creek, California February 26, 2021 {19}------------------------------------------------ | | DocuSign Envelope ID: FAFDC6EB-8E8D-46F2-BC41-3B16BFBBF171 | | | | |------------------------------------|-------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------| | SIPC-7 | SECURITIES INVESTOR PROTECTION CORPORATION
P.O. Box 92185 Washington, D.C. 20090-2185 | | SIPC-7 | | | (36-REV 12/18) | | 202-371-8300
General Assessment Reconciliation | | (36-REV 12/18) | | | | For the fiscal year ended 12/31/2020
( Read carefully the instructions in your Working Copy before completing th is Form) | | | | | | TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS | | | | | purposes of the audit requirement of SEC Rule 17a-5: | 1. Nam e of Member, address , Desig nated Examining Authority , 1934 Act registration no. and month in which fiscal year ends for | | | | | | 7 | Note: II any of the information shown on the | | | ~0
51602 | 705"''''"'''"'"' ALL FOR AADC 940
FINRA
DEC | | mailing label requires correction, please e-mail
any corrections to lorm@sipc.org and so
indicate on the form filed.
Name and telephone number of person to
contact respecting th is form . | | | | VIANT CAPITAL LLC | | | | | | 500 WASHINGTON ST STE 325
SAN FRANCISCO, CA 94111-2947 | | | | | L | | _J | | | | | | | | | | | | | \$2,300 | | | | 2. A. General Assessment (item 2e from page 2) | | | | | B. | Less payment made with SIPC -6 filed (exclude interest) | | 846 | | | 07/28/2020
Date Paid | | | | | | C. Les s prior overpayment applied | | | | | | D. | Assessmen t balance due or (overpayment) | | | | | | | E. Interest computed on late payment (see instruction E) lor _ ____ days al 20% per annum | | | | | F. Total assessment balance and in terest due (o r overpayment carried forward) | | \$ 1 454 | | | PAYMENT:
G. | the box
Check mailed to P.O. Box M Funds Wired D
Total (must be same as F above) | 1,454 -'-'--'-':,.:_ _______ _
ACH D \$ | | | | H. | Overpayment carried forward | ________
\$( | _ | | | | | 3. Subs idiarie s (S) and predecessors (P) included in this form (give name and 1934 Act regis tration number): | | | | | | | | | | | The SIPC member submitting thi s form and the | | | | | | person by whom it is executed represent thereby
that all information contained here in is true , correct | Viant Capital, LLC | | | | and complete . | | | | | | | | | | | | 23 day ol
Dated the | February
, 20 2Q__ | | (T1!1 0) | | | | | This form and the assessment payment is due 60 days after the end of the fiscal year. Retain the Working Copy of this form | | | | | for a period of not less than 6 years, the latest 2 years in an easily accessible place. | | | | | >
Calculations
U,J | Documentat ion | Forward Copy | |--------------------------|----------------|--------------| | cc: | | | | c:.:, Exceptions: | | | **U,J** **CL Cl)** Disposition of exceptions: {20}------------------------------------------------ DocuSign **Envelope ID: FAFDC6E8-8E8D-46F2-BC41-3B16BFB8F171 DETERMINATION OF "SIPC NET OPERATING REVENUES"** #### **AND GENERAL ASSESSMENT** | | Amount s for th e fi scal period
beginning 1/1/2020
and ending 12/31/2020 | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------| | Item No.
2a. Total revenue (FOCUS Line 12/Part IIA Line 9, Code 4030) | Eliminate cents
\$1,566,586 | | 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 part1c1pat1on in the underwriting or distribution of securities. | | | (6) Expenses other than adver41sing . pr1nt1ng, registration fees and legal fees deducted in determining net
prof it from management of or participation in underwriting or distribution of securities. | | | (7) Net loss from securities 1n investment accounts . | | | Tota l additions | | | 2c . Deducti ons:
(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 1n connection with proxy solicitation. | | | (5) Net gain from securities in investment accounts . | | | (6) 100% of commissions and markups earned from transactions in (i) certificates ol deposil 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 1n connection with other revenue
related to the securities business (revenue defined by Section t6(9)(L) of the Act). | | | (8) Other revenue not related either directly or indirectly to the secu rities business.
(See Instruction CJ: | | | Bad Debt
(De du ctions in excess of \$ t 00.000 require documentation) | 33,000 | | (9) (i) Total interest and dividend expense (FOCUS Line 22/PART IIA Line 13,
Code 4075 plus lin e 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 li ne 5, Code 3960).
Enter the greater of line (i) or (ii) | _
_ | | To tal deductions | 33 000 | | 2d. SIPC Net Operating Revenues | \$ 1,533,586 | | 2e . General Assessment@ .0015 | 2 300
\$ | **2** (to page 1, line 2.A.) Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.