# GUIDANCE SECURITIES, LLC X-17A-5 (2025-02-28) — Broker-dealer annual report - Company: GUIDANCE SECURITIES, LLC - Form: X-17A-5 - Filed: 2025-02-28 - Period: 2024-12-31 - Accession: 0001174317-25-000002 - CIK: 1174317 - File #: 8-65377 - Type: Broker-dealer - Material weakness: No - Auditor: PricewaterhouseCoopers LLP - Auditor location: Washington, DC - Contact: Thomas Gainor - Phone: 703 885 0824 - Email: gainor@guidanceresidential.com - Website: guidanceresidential.com - Signed by: Thomas Gainor (President) Original filing: https://www.sec.gov/Archives/edgar/data/1174317/000117431725000002/guidanceaudit.pdf --- {0}------------------------------------------------ # Guidance Securities, LLC Financial Statements and Supplemental Information Pursuant to Rule 17a-5 Under the Securities Exchange Act of 1934 As of and for the year ended December 31, 2024 {1}------------------------------------------------ | 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 | UNITED STATES
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180.0 | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | (1) 100 000 2002 2002 100 1000 000 000 ANNUAL REPORTS | | | SEC FILE NUMBER | | statos basis national your with all transity and your your your your your your your your your your your your your your your your your your your your your your your your your | | | 1172212 | | Information Required Pursuant to Rules 17a-5, 278-12, and 18a-7 under the Securities Exchange Act of 1934 | PART III
FACING PAGE | | | | FILING FOR THE PERIOD BEGINNING 01/01/2024 | | AND ENDING 12/31/2024 | | | | MM/DD/YY | | MM/DD/AY 3 NUCH AND THE STATUS | | | A. REGISTRANT IDENTIFICATION | | | | NAME OF FIRM: Guidance Securities, LLC | | | Diamonto actrical la more | | TYPE OF REGISTRANT (check all applicable boxes): 31 = 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11
@ Broker-dealer Security-based swap dealer Major security-based swap participant
Check here if respondent is also an OTC derivatives dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) I would to super of accessf (a) | | | 1 1 2007 - 1 200 12 2 1 2 1 2 3 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 | | 11107 Sunset Hills Road, 3rd Floor (Suite 300) ------ | | | | | 日本文由 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( | A C O A Hillino Do The Children (No. and Street) | | | | Reston | VA actifical prace an a cast un 20190 | | | | | (City) = = = ( = ( | | STATUATION THE CONSULTION Company From | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Thomas Gainor | 703-885-0824 | | tom. gainor@guidanceresidential.com | | (Name) = = = = = = = = = = = = = = = = = = = = = = = = (Email Address) = = = = (Email Address) = = = = = = = = = = = = = = = = = = = = = = = = = | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filling \$ 200 (1) (1)
PricewaterhouseCoopers LLP | STATE DHANDO DE BREADERS OF ICE CORRESS BETRESSED OF KANNAS DE 197
1 10 6 6 1 . 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 1 2 4 1 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 11 2 11 2 11 2 11 2 11 2 11 2 11 2 11 2 11 2 11 2 11 2 11 2 11 2 11 2 | | | | 655 New York Ave NW Washington DC | (Name - If Individual, state last, first, and middle name) | | 20001 | | (Address) | 12 4 more of the
(City) | | (State) (Zip Code) | | 10-20-2003 | | | 238 (81 005 FOR 19 Bunt 1.9 But AT2 | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | 10 4 1 1 1 1 1 1 1 6 4 1 1 1 6 4 5 - 1 1 8 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 | FOR OFFICIAL USE ONLY | | | | | | | | {2}------------------------------------------------ | | OATH OR AFFIRMATION | |-----------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Thomas Gainor | swear (or affirm) that, to the best of my knowledge and belief, the | | financial report pertaining to the firm of Guidance Securites, LLC
12/31 | as of | | as that of a customer. | 2 024 is true and correct. I further swear (or affirm) that neither the company nor any
partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified soley
R 1910 G | | | Signature:
CARLA M. SOLINSKY
NOTARY PUBLIC . REG. # 7561680
Commonwealth of Virginia
TO THE FOR THE PAGE FREE F
Hy Commission Expires 10/31/2025 | | Notary Public | | | | This filing ** contains (check all'applicable boxes): | | (a) Statement of financial condition. | | | | [b] Notes to consolidated statement of financial condition. 1 3 39 11 10 08 6 20 15 30 36 36 16 1 | | | [c] Statement of income (loss) or, if there is other comprehensive in the period(s) presented, a statement of
comprehensive income (as defined in § 210.1-02 of Regulation S-X). on and organia 1000773930 M 11. I'm ? | | | (d) Statement of cash flows and in the seath C . 1980 home hoose in 1988 12 13 13 13 13 13 13 13 | | | (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. Controllers and and | | | [f] Statement of changes in liabilities subordinated to claims of creditors. | | | (g) Notes to consolidated financial statements. [ ] ton of ] 22011229 10 CDA/A UNYQUIFF 3D 12 20004 | | | [h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. | | | (i) Computation of tangible net worth under 17 CFR 240.18a-2. CFR 240.18a-2. CHIT | | | [] Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. | | Exhibit A to 17 CFR 240.18a-4, as applicable. | [ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit 8 to 17 CFR 240.15c3-3 or | | | (1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. | | | (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. | | | | - - - - - - - - - - - - - {3}------------------------------------------------ ### PAGE | Facing Page Form X-17A-5 Part III………………………….…………………………………2 | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Table of contents………………………………………………………………………………4 | | Exemption Report………………………………………………………………………………5 | | Independent Registered Public Accounting Firm's report based on a review of the exemption
report……………………………………………………………………………………………6 | | Report of Independent Registered Public Accounting Firm……………………………………7 | | Financial Statements: | | Statement of Financial Condition as of December 31, 2024…………………………………9 | | Statement of Operations for the year ended December 31, 2024 10 | | Statement of Member's Equity for the year ended December 31, 2024 11 | | Statement of Cash Flows for the year ended December 31, 2024 12 | | Notes to Financial Statements 13 | | Supplemental Information | | Schedule I: Computation of Net Capital under Rule 15c3-1 of the Securities and Exchange
Commission as of December 31, 2024 17 | | Schedule II: Computation for Determination of Reserve Requirements and Information Relating to
Possession of Control Requirements for Brokers or Dealers Pursuant to Rule 15c3-3
of the Securities and Exchange Commission as of December 31, 2024 18 | {4}------------------------------------------------ {5}------------------------------------------------ ![](_page_5_Picture_0.jpeg) #### Report of Independent Registered Public Accounting Firm To the Management of Guidance Securities, LLC We have reviewed Guidance Securities, LLC's assertions, included in the accompanying Guidance Securities, LLC Exemption Report, in which the Company stated that: (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 its 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 mutual fund underwriting and private placement of securities 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) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the period January 1, 2024 to December 31, 2024 without exception. The Company's management is responsible for the assertions and for compliance with the provisions of Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 throughout the period January 1, 2024 to December 31, 2024. 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 the Company's compliance with the provisions of Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's assertions. 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 assertions referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5. Washington, District of Columbia February 25, 2025 {6}------------------------------------------------ ![](_page_6_Picture_0.jpeg) #### Report of Independent Registered Public Accounting Firm To the Board of Directors and the Member of Guidance Securities, LLC #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Guidance Securities, LLC (the "Company") as of December 31, 2024, and the related statements of operations, 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 required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit of these financial statements 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 The accompanying Computation of Net Capital under Rule 15c3-1 of the Securities and Exchange Commission and Computation for Determination of Reserve Requirements and Information Relating to Possession or Control Requirements for Brokers or Dealers Pursuant to Rule 15c3-3 of the Securities and Exchange Commission as of December 31, 2024 (collectively, the "supplemental information") have been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company'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 PricewaterhouseCoopers LLP, 655 New York Ave NW, Washington, DC 20001 T: (202) 414 1000, www.pwc.com/us {7}------------------------------------------------ ![](_page_7_Picture_0.jpeg) Rule 17a-5 under the Securities Exchange Act of 1934. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. Washington, District of Columbia February 25, 2025 We have served as the Company's auditor since 2003. {8}------------------------------------------------ # GUIDANCE SECURITIES, LLC Statement of Financial Condition As of December 31, 2024 | | 2024 | |---------------------------------------|--------------| | Assets | | | Cash | \$
21,792 | | Prepaid expenses | 927 | | Deposits | 1,910 | | Total assets | 24,629 | | Liabilities and member's equity | | | Accounts payable | 1,448 | | Accrued expenses | 1,721 | | Total liabilities | 3,169 | | Commitment and contingencies (Note 5) | - | | Member's equity | | | Member's equity | 529,500 | | Accumulated deficit | (508,040) | | Total member's equity | 21,460 | | Total liabilities and member's equity | 24,629 | {9}------------------------------------------------ # GUIDANCE SECURITIES, LLC Statement of Operations For the year ended December 31, 2024 | | 2024 | |--------------------------|----------------| | Revenue | | | Total revenue | \$
- | | Expenses | | | Professional fees | 35,588 | | Other operating expenses | 5,335 | | Total expenses | 40,923 | | Net loss | \$
(40,923) | {10}------------------------------------------------ # GUIDANCE SECURITIES, LLC Statement of Member's Equity For the year ended December 31, 2024 | | Member's Equity | Accumulated
Deficit | Total Member's
Equity | |------------------------------|-----------------|------------------------|--------------------------| | Balance at December 31, 2023 | \$
489,500 | \$
(467,117) | \$
22,383 | | Capital contributions | 40,000 | - | 40,000 | | Net loss | - | (40,923) | (40,923) | | Balance at December 31, 2024 | \$
529,500 | \$
(508,040) | \$
21,460 | {11}------------------------------------------------ # GUIDANCE SECURITIES, LLC Statement of Cash Flows For the year ended December 31, 2024 | | 2024 | | |--------------------------------------------------------|------|----------| | Cash flows from operating activities | | | | Net loss | \$ | (40,923) | | Adjustments to reconcile net loss to net cash used for | | | | operating activities: | | | | (Increase) decrease in: | | | | Prepaid expenses | | (77) | | Deposits | | (228) | | Increase (decrease) in: | | | | Accounts payable | | 11 | | Accrued expenses | | 34 | | Net cash used in operating activities | | (41,183) | | Cash flows from financing activities | | | | Contribution from member | | 40,000 | | Net cash provided by financing activities | | 40,000 | | Net decrease in cash and cash equivalents | | (1,183) | | Cash and cash equivalents, beginning of year | | 22,975 | | Cash and cash equivalents, end of year | \$ | 21,792 | {12}------------------------------------------------ ### 1. Organization Guidance Securities, LLC (the "Company") is headquartered in Reston, Virginia. The Company is a Delaware limited liability company formed on March 25, 2002, and is a wholly-owned subsidiary of Guidance Financial Group, LLC (the "Parent") which is a wholly-owned subsidiary of CG (IFS), Inc. The Company was formed to distribute financial products and services to certain investors in the United States. The Company was capitalized on March 25, 2002 by a \$10,000 capital contribution from the Parent. The Company is dependent upon borrowings and capital contributions from the Parent to fund operating activities. The Company is registered with the Securities and Exchange Commission and the Financial Industry Regulatory Authority ("FINRA") and intends to provide distribution services for an affiliate, Guidance Investments Mutual Funds, which will be advised by another affiliate, Guidance Investments, LLC. As of and for the year ended December 31, 2024 the Company did not carry securities accounts for customers or perform custodial functions relating to customer activities. The Company has identified its Director as the chief operating decision maker ("CODM"), who uses net loss to evaluate the results of the business to determine capital contributions from the Parent to fund operating activities. The Company's operations constitute a single operating segment and therefore, a single reportable segment. The accounting policies used to measure the loss of the segment are the same as those described in the summary of significant accounting policies. ### 2. Significant Accounting Policies The accounting and reporting policies at the Company conform to accounting principles generally accepted in the United States of America. The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the 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. These estimates involve judgments with respect to, among other things, various future economic factors which are difficult to predict and beyond the control of the Company. Therefore, actual amounts could differ from these estimates. The accounting policies that materially affect the determination of financial position, results of operations and cash flows are summarized below. ### Cash Cash consists of deposits with the banks. The Company maintains its own cash accounts, which are periodically funded with capital contributions from its member. {13}------------------------------------------------ ### GUIDANCE SECURITIES, LLC Notes to Financial Statements As of and for the year ended December 31, 2024 ### Deposits Deposits consist of amounts deposited with FINRA. These deposits may be drawn down from time to time by FINRA in satisfaction of license and other Company expenses owed to them. #### Income taxes The accompanying financial statements contain no provision for federal or state income taxes. In accordance with the Internal Revenue Code and the Company's operating agreement, all federal and state income tax liabilities and/or tax benefits are passed through to the equity member. The Company's tax return and the amount of allocable Company profits or losses are subject to examination by federal and state taxing authorities. If such changes result in changes to the Company's profits and losses, the tax liability of the member could be changed accordingly. ### 3. Net Capital Requirements The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires the ratio of aggregate indebtedness to net capital, both as defined, should not exceed 15:1. At December 31, 2024, the Company had net capital of \$18,623 which was \$13,623 in excess of its required capital of \$5,000. The Company's ratio of aggregate indebtedness to net capital at December 31, 2024 was 0.17:1. ### 4. Related-Party Transactions The Company is a member of a group of affiliated entities. Certain employees of the Parent have been authorized to act for and on behalf of the Company as may be necessary to carry out its functions. The Company is dependent upon borrowings and capital contributions from the Parent to fund operating activities. In 2024, the Company received \$40,000 in capital contributions from the Parent, classified in member's equity on the balance sheet. The Parent, per an Expense Reimbursement Agreement, has agreed to assume liability for certain indirect expenses incurred by the Company. Such expenses include, but are not limited to, salaries, related benefits, payroll taxes, rent, utilities, equipment, furniture and fixtures, postage, and general office expenses. The Company is responsible for FINRA registration fees, annual audit fees, FINRA assessment, SIPC assessment, and any other expenses that relate solely and entirely to the Company. {14}------------------------------------------------ ### 5. Commitments and Contingencies There were no material commitments or contingencies as of and for the year ended December 31, 2024. #### 6. Subsequent Events For purposes of these financial statements, subsequent events have been evaluated from January 1, 2024 through February 25, 2025, which is the date that the financial statements were available to be issued. {15}------------------------------------------------ Supplemental Information {16}------------------------------------------------ # GUIDANCE SECURITIES, LLC ### Computation of Net Capital under Rule 15c3-1 of the Securities and Exchange Commission December 31, 2024 | | | Schedule I | | | |-------------------------------------------------------------------------------|--------------|------------|--|--| | | | 2024 | | | | Total aggregate indebtedness | \$
3,169 | | | | | Net capital: | | | | | | Total member's equity | \$
21,460 | | | | | Non-allowable assets: | | | | | | Prepaid expenses | (927) | | | | | Deposits | (1,910) | | | | | Net capital | \$
18,623 | | | | | Ratio of aggregate indebtedness to net capital | 0.17:1 | | | | | Computation of basis net capital requirement:
Minimum net capital required | | | | | | (6.67% of aggregate indebtedness) | \$
211 | | | | | Minimum dollar net capital required | | | | | | for introducing broker-dealer | \$
5,000 | | | | | Net capital required | \$
5,000 | | | | | Excess net capital | \$
13,623 | | | | There were no material differences existing between the above computation and the computation included in the Company's corresponding unaudited Form X-17A-5 Part IIA filing. Accordingly, no reconciliation is necessary. {17}------------------------------------------------ # GUIDANCE SECURITIES, LLC Computation for Determination of Reserve Requirements and Information Relating to Possession or Control Requirements for Brokers or Dealers Pursuant to Rule 15c3-3 of the Securities and Exchange Commission December 31, 2024 Schedule II The Company's activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 CFR § 240.17a-5 meet the conditions set forth in that pronouncement, as 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) did not ). Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.