Full text of CARY STREET PARTNERS LLC's X-17A-5 filed 2020-02-26 (period 2019-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ Statements of Financial Condition December 31, 2019 and 2018 #### SEC ID 8 - 66085 Filed pursuant to Rule 17a-5(e)(3) as a PUBLIC DOCUMENT. {1}------------------------------------------------ ## Table of Contents | | Page | |--------------------------------------------------------------------|--------| | Report of Independent Registered Public Accounting Firm | 1 | | Financial Statements: | | | Statements of Financial Condition<br>Notes to Financial Statements | 2<br>3 | {2}------------------------------------------------  {3}------------------------------------------------ #### Statements of Financial Condition December 31, 2019 and 2018 | Assets | 2019 | 2018 | |----------------------------------------------------------|--------------|---------------| | | | | | Cash and cash equivalents | \$ 4,468,494 | \lt;br>888,282 | | Investments | 41,080 | 80,991 | | Receivables from clearing broker | 1,422,826 | 1,115,144 | | Other receivables | 67,933 | 80,847 | | Property and equipment, net | 52,692 | 48,171 | | Right of use assets, net | 869,377 | | | Intangible assets, net | 2,823,507 | 3,632,056 | | Due from related party | | 296,869 | | Other assets | 132,527 | 131,459 | | | | | | Total assets | \$ 9,878,436 | \$ 6,273,819 | | | | | | Liabilities and l\t1ember's Equity | | | | | | | | Liabilities: | | | | | | | | Accounts payable, accrued expenses and other liabilities | \$ 1,423,551 | \$ 1,069,978 | | Lease obligations | 960,312 | | | Deferred contract award | 1,866,667 | | | Due to related party | 361,670 | | | | | | | Total liabilities | 4,612,200 | 1,069,978 | | | | | | l\t1ember's equity | 5,266,236 | 5,203,841 | | | | | | | | | | Total liabilities and member's equity | \$ 9,878,436 | \$ 6,273,819 | See accompanying notes to financial statements. {4}------------------------------------------------ Notes to Financial Statements ### **1. Summary of Significant Accounting Policies:** **Nature of Business:** Cary Street Partners LLC (the "Company") is a limited liability company organized in the Commonwealth of Virginia in 2002 and is 100% owned by Luxon Financial LLC (the "Parent Company"). The Company earns revenue from providing financial services to both retail and institutional clients as well as merger and acquisition advisory services. As a broker-dealer, the Company is subject to regulations of the Securities and Exchange Commission ("SEC") and is a member of the Financial…Read the full text as markdown