Full text of KEEFE, BRUYETTE & WOODS, INC.'s X-17A-5 filed 2020-02-27. Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **KEEFE, BRUYETTE & WOODS, INC.** (A Wholly Owned Subsidiary of Stifel Financial Corp.) Statement of Financial Condition December 31, 2019 (With Report of Independent Registered Public Accounting Firm) (This Statement of Financial Condition was filed pursuant to Rule 17a-5(e)(3) as a public document.) {1}------------------------------------------------ #### **KEEFE, BRUYETTE & WOODS, INC.** (A Wholly Owned Subsidiary of Stifel Financial Corp.) #### **Statement of Financial Condition** # **Table of Contents** **Page** | Report of Independent Registered Public Accounting Firm | 2 | |---------------------------------------------------------|---| | Statement of Financial Condition | 3 | | Notes to Statement of Financial Condition | 4 | {2}------------------------------------------------   {3}------------------------------------------------ #### **Statement of Financial Condition December 31, 2019** *(\$ in thousands, except share and per share amounts)* | Assets | | |---------------------------------------------------------------------------------------------|---------------| | Cash and cash equivalents | \lt;br>149,693 | | Receivables: | | | Brokerage clients, net | 15,279 | | Brokers, dealers, and clearing organizations | 51,352 | | Financial instruments owned, at fair value | 27,170 | | Operating lease right-of-use assets, net | 56,549 | | Fixed assets, net | 2,157 | | Goodwill | 32,355 | | Intangible assets, net | 6,640 | | Deferred tax assets, net | 9,296 | | Due from affiliates | 551 | | Other assets | 2,304 | | Total Assets | \lt;br>353,346 | | | | | Liabilities and Stockholder's Equity | | | Financial instruments sold, but not yet purchased, at fair value | \lt;br>12,668 | | Accrued compensation | 74,713 | | Accounts payable and accrued expenses | 83,513 | | Due to Parent and affiliates, net | 8,477 | | Total Liabilities | 179,371 | | Stockholder's Equity: | | | Common stock, \$0.01 par value, authorized 10,000 shares, 100 shares issued and outstanding | — | | Additional paid-in-capital | 342,469 | | Accumulated deficit | (168,494 ) | | Total Stockholder's Equity | 173,975 | | Total Liabilities and Stockholder's Equity | \lt;br>353,346 | *See accompanying Notes to Statement of Financial Condition.* {4}------------------------------------------------ #### **Notes to Statement of Financial Condition** # **December 31, 2019** # **(1) Organization and Su…Read the full text as markdown