# WALTER GREENBLATT & ASSOCIATES, LLC X-17A-5 (2020-03-02) — Broker-dealer annual report
- Company: WALTER GREENBLATT & ASSOCIATES, LLC
- Form: X-17A-5
- Filed: 2020-03-02
- Period: 2019-12-31
- Accession: 0001267806-20-000002
- CIK: 1267806
- File #: 8-66211
- Material weakness: No
- Auditor: Lehman Flynn Vollaro
- Auditor location: Melville, NY
- Contact: Ezra Angrist
- Phone: 6094971282
- Signed by: Ezra Angrist (FINOP/CCO)
Original filing: https://www.sec.gov/Archives/edgar/data/1267806/000126780620000002/WGA2019FinStatementsFINAL3.pdf
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**UNITEDSTATES SECURITIES AND EXCHANG ECOMMISSION Washington, D.C. 20549**
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SEC FILE NUMBER
a-66211
### **ANNUAL AUDITED REPORT FORM X-17 A-5 PART Ill**
**FACING PAGE**
**Information Required of Brokers and Dealers Pursuant to Section** 17 **of the** Securities Exchange Act of 1934 and Rule l 7a-5 Thereunder
| REPORT FOR THE PERIOD BEGINNING 01 | /01/1
9 | AND ENDING 12/31/19 | ---------- | |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------|---------------------|------------------------------------|--|
| | MM/DDIYY | - | M M/DD/YY | |
| | A. REGISTRANT IDENTlFICATION | | | |
| NAME or BROKER-DEALER: Walter Greenblatt & Associates LLC
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.)
327 St Marks Avenue | | | OFFICIAL USE ONLY
FIRM I.D. NO. | |
| | | | | |
| | (No and Street) | | | |
| Brooklyn | New York | | 11238 | |
| (C ity) | (Slate) | | (Zir Code ) | |
| NA!\.11:. AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Ezra Angrjst 609-497-1 282 | | | | |
| | | | (A re<1 Code - Telephone Number) | |
| | B. ACCOUNTANT lDENTIFICATION | | | |
| Lehman Flynn Vollaro CPA's PC | INDEPF.NDENT PUBLIC ACCOU NTANT w hose opinion is contained in this Report• | | | |
| | (Name - if i'1dil•iduul, s1a1e /us/. firs/. middle name) | | | |
| 534 Broadhollow Road Suite 302 Melville | | NY | 11747 | |
| (Address) | (City) | (Slate) | (Zip Code) | |
| C HEC K ONE:
✓ !certified Publ
Public Accountant | ic Accountant
Accountant not resident in United States or any of its possessions. | | | |
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*•ctaims.for exemption from 1he requirement that the lJnnual reporl be covered hy the opinion of an independem public accountant must be supported by a statement of facts and circumslances relied on as the basis for /he* exemplion *See Sec* lion *240. I 1a-5(e)(2)*
> **Potential persons who are to respond to the collectlon of information contained** in **this form are not required to respond unless the form displays a currently valid OM B control number.**
SEC 141 0 (06-02)
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#### **OATH OR A FFrRMA TION**
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Walter Greenblatt & Associates LLC
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- | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
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of March 2 | _ ., are true and correct. I further swear (or affirm) that
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| classified solely as that of a customer, except as follows: | neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account |
| | Signature |
| | CFO/CCO/FINOP |
| This report u contains (check all applicable boxes):
0 (a) Facing Page.
✓ (b) Statement of Financial Condition.
✓ (c) Statement of Income (Loss).
(d) Statement of Changes in Financial Condition. | Title |
| ✓ (e) Statement of Changes in Stockholders· Equit} or Partners· or Sole Proprietors' Capital. | |
| ( f) Statement of Changes in Liabilities Subordinated to Claims of Creditors.
✓ (g) Computation of Net Capital. | |
| (h) Computation for Determination of Reserve Requirements Pursuant to Ru | le 15c3-3. |
| (i) Information Relating 10 the Possession or Control Requirements Under Rule I 5c3-3.
12] U)
consolidation. | A Reconciliation. including appropriate explanation of the Computation of Net Capital Under Rule I 5c3- I and the
Computation for Determination of the Reserve Requirements Under Exhibit A of Rule I 5c3-3.
D (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of |
| ✓ (I} An Oath or Affirmation.
0 lm) A copy of the SIPC Supplemental Report. | |
| | 0 (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit. |
**u***For conditions of co'!fiden1ial treatment of certain portions of this filing, see section 240. 17a-5(e)(3).*
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WALTER GREENBLATT & ASSOCIATES, LLC
FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 2019
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### WALTER GREENBLATT & ASSOCIATES, LLC FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31 , 2019
### TABLE OF CONTENTS
| Report of Independent Registered Public Accounting Firm
2 | |
|---------------------------------------------------------------------------------------------------|------|
| Statement of financial condition 3 | |
| Statement of income 4 | |
| Statement of changes in member's equity 5 | |
| Statement of cash flows
6 | |
| Notes to financial statements 7-10 | |
| Supplementary schedules 11-15 | |
| Report of Independent Registered Public Accounting Firm on applying
agreed-upon procedures 16 | |
| SIPC General Assessment Reconciliation
17 | |
| Report of Independent Registered Public Accounting Firm on the exemption report | . 18 |
| Exemption statement regarding SEC Rule 15c3-3 19 | |
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#### LEHMAN FLYNN VOLLARO **PLLC** CERTIFIED PUBLIC ACCOUNTANTS 534 BROAD HOLLOW ROAD • SUITE 302 MELVILLE, NEW YORK 11747
**MARTIN M. LEHMAN, CPA SCOTT P. FLYNN, CPA LAWRENCE A. VOLi.ARO, CPA MATHEW H. PERETZ, CPA MATI'HEW P. GEYER**
**TEL:** (212) 736-2220 **FAX: (212) 736-8018 WEB: wwwLNFcpa.com Members, American ll1B'titute** of **CP& New YodcState Society ofCPAls**
#### REPORT OF INDEPENDENT REGISTERED PURLIC ACCOUNTING FCRM
To the Management of Walter Greenblan & Associates, LLC.
#### **Opinion on the Financial Statements**
We have audited the accompanying statement of financial condition of Walter Greenblatt & Associates, LLC as of December 31, 2019, the related statements of comprehensive income, changes in stockholder's equity, , and cash flows for the year then ended, and the related notes and schedules ( collectively referred to as the "financial statements"). Ln our opinion, the financial statements present fairly, in all material respects, the financial position of Walter Greenblatt & Associates, LLC as of December 31, 2019, 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 Walter Greenblatt & Associates, LLC's management. Our responsibility is to express an opinion on Walter Greenblatt & Associates, 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 Walter Greenblatt & Associates, 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 audil in accordance with the standards of che 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 perfonning 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.
#### **Auditor's Report** on **Supplemental Information**
**The** Schedule I-Computation of Net Capital, Schedule II-Computation for Reserve Requirements, Schedule Ill-Information Relating to Possession or Control Requirements has been subjected to audit procedures performed in conjunction with the audit of Walter Greenblatt & Associates, LLC's financial statements. The supplemental inforrnarion is the responsibility of Walter Greenblatt & Associates, LLC's management. Our audit procedures included detennining whether the supplemental infonnation 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 infonnation presented in the supplemental information. In fonning our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in confonnity with I 7 C.F.R. §240, J 7a-5. In our opinion, the Schedule I-Computation of Net Capital, Schedule II-Computation for Reserve Requirements, Schedule JII-lnformation Relating to Possession or Control Requirements is fairly stated, in all material respects, in relation to the financial statements *as* a whole.
~ *F?Y~vLk~lt?*
We have served as Walter Greenblatt & Associates, LLC' s auditor since 2004.
Melville, NY February 29, 2020
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#### WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31 , 2019
#### ASSETS
| Current assets: | | |
|--------------------------------------------------------------|--------------------------|--|
| Cash | \$239,068 | |
| Accounts receivable (net of allowance for doubtful accounts) | 65,060
559
304,687 | |
| Prepaid expenses | | |
| Total Current Assets | | |
| | | |
| Fixed Assets (net of accumulated depreciation) | 2,985 | |
| | | |
| Total current assets | \$
307,672 | |
| | | |
| | | |
| LIABILITIES AND MEMBERS' EQUITY | | |
| Current liabilities: | | |
| Accrued expenses and payroll liabilities | 76,525
\$ | |
| | | |
| | | |
| | | |
| Members' equity | 231,147 | |
| Total liabilities and members' equity | \$
307,672 | |
| | | |
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#### WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF INCOME YEAR ENDED DECEMBER 31 , 2019
| Revenue | |
|------------------------------------|-----------|
| Operating expenses: | |
| Outside services | 165,903 |
| Officers salary | 96,700 |
| Employee salaries | 150,343 |
| Pension expense | 39,800 |
| Professional fees | 349,123 |
| Travel expenses | 29,217 |
| Payroll taxes | 18,451 |
| Office supplies and other expenses | 11,443 |
| Telephone expense | 8,658 |
| Dues and subscriptions | 40,536 |
| Meals and Entertainment | 6,304 |
| Bad debt expense | 25,000 |
| Depreciation | 743 |
| Total operating expenses | 942,221 |
| Net Income | \$126,598 |
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#### WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY YEAR ENDED DECEMBER 31, 2019
| Member's Equity | 12/31/2018 | \$104,550 |
|-------------------------|------------|---------------|
| Net Income | 2019 | 126,598 |
| Less Member Withdrawals | | 0 |
| Member's Equity | 12131/2019 | \$231
.148 |
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#### WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2019
| \$126,598 |
|------------|
| 743 |
| |
| (38,827) |
| 263 |
| 68,294 |
| (11,814) |
| 145,257 |
| (26,149) |
| |
| 119,108 |
| 119,960 |
| \$2.3.Mfil |
| |
Supplemental disclosures of cash flow information:
| Cash paid during the year for interest | -0-
\$ |
|----------------------------------------|-----------|
| Cash paid during the year for taxes | -0-
\$ |
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### 1. Summary of Significant Accounting Policies
#### Business Description
Watter Greenblatt & Associates, LLC offers business consulting and investment banking services to public and private, middle market and early stage companies in the biotech and healthcare related sectors. Consulting services include business plan development, strategic planning and market research and valuation.
#### Use of Estimates
The preparation of the financial statements, in conformity with generally accepted accounting principles, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
#### Income Taxes
The Company, with the consent of its shareholder, elected to be taxed under Subchapter S, of the Internal Revenue Code for federal income tax purposes. Under the provisions of Subchapter S, the Corporation does not pay federal corporate income taxes on its taxable income. Corporate income or loss of any tax credits earned are included in the shareholders' individual income tax returns.
#### Revenue Recognition
The Company recognizes revenue when services are performed.
#### Adoption of new accounting standard
In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014- 09, "Revenue from Contracts with Customers (Topic 606)". The ASU and all subsequently issued clarifying ASUs replaced most existing revenue recognition guidance in U.S. GAAP. The ASU also required expanded disclosures relating to the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company adopted the new standard effective January 1, 2018, the first day of the Company's fiscal year using the modified retrospective approach.
The adoption of this ASU did not have a significant impact on the Company's financial statements. The majority of the Company's revenue arrangements generally consist of being paid commissions once capital is raised. Based on the Company's evaluation process and review of its contracts with customers, the timing and amount of revenue recognized previously is consistent with how revenue is recognized under the new standard. No changes were required to previously reported revenues as a result of the adoption.
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### Method of Accounting
The financial statements have been prepared on the accrual basis of accounting.
#### Subsequent Events
ASC 855 Subsequent Events sets forth general accounting and disclosure requirements for events that occur subsequent to the balance sheet date but before the company's financial statements are issued. We have evaluated events through February 29, 2020, the date which the financial statements were available to be issued.
2. Net Capital
As a broker dealer, the Company is subject to the Securities and Exchange Commission's regulations and operating guidelines, which require the Company to maintain a specified amount of net capital, as defined, and a ratio of aggregate indebtedness to net capital as derived, not exceeding 15 to 1. The Company's net capital is computed under Rule 15c3-1, was \$162,543 at December 31, 2019, which exceeded required net capital of \$5,102 by \$157,441. The ratio of aggregate indebtedness to net capital at December 31, 2019 was 47.1%.
3. Retirement plan
The Company implemented a 401k profit sharing plan in 2009. The plan allows elective employee contributions via salary deferral. The Company also makes an annual profit sharing contribution to the plan. Pension expense for the period ending December 31, 2019 is \$39,800.
4. Concentration of Credit Risk
#### Cash
At times during the year, the Company had cash balances in financial institutions that exceed Federal depository insurance limits. Management believes that credit risk related to these deposits is minimal.
#### Accounts Receivable
Accounts receivable from trade customers are generally due upon receipt. The Company performs periodic credit evaluations of its customers' financial condition and generally does not require collateral. 100% of the company's total sales were made to four customers.
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#### 5. Accounts receivable and the allowance for doubtful accounts
Accounts receivable and the allowance for doubtful accounts are comprised of the following:
| | Dec 31, 2019 |
|---------------------------------|--------------|
| Accounts Receivable | \$65,316 |
| Note Receivable from client | 25,000 |
| Allowance for doubtful accounts | (25,255) |
| Accounts receivable, net of | \$65,060 |
allowance for doubtful accounts
#### 6. Revenue from Contracts with Customers
#### Significant Judgments
Revenue from contracts with customers includes commIss1on income and fees from investment banking and asset management services. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; (if applicable, add these - how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; and whether constraints on variable consideration should be applied due to uncertain future events)
#### Disaggregated Revenue from Contracts with Customers
The following table presents revenue by major source:
| Revenue from contracts with customers: | |
|----------------------------------------|---------------|
| Commissions on Capital Raised | \$939,120 |
| Management Consulting Services | 60,000 |
| Total revenue from contracts | \$
999,120 |
#### Contract assets and liabilities
Contract assets or liabilities exist when revenue is recognized over time. The Company does not have any contract assets or liabilities at December 31 , 2019.
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#### Performance obligation
Commissions on capital raised: The Company raises investment capital from investors for its clients. Each time an investor invests in one of the Company's clients, the Company charges a commission. Commissions are billed on the date that the client receives the investment funding and relevant documents. The Company believes that the performance obligation is satisfied on that date because that is when the investment is logged by the client company and the investor becomes an owner of the security sold.
Management Consulting Services. The Company provides management consulting services on a monthly basis to certain clients. The services primarily consist of taking the role of acting CFO and related services including, but not limited to, bookkeeping, purchasing and strategic advising on financial matters. Revenue is recognized on the first of the month for the current month.
#### Costs to Obtain or Fulfill a Contract with a Customer
The Company has recorded certain costs incurred to obtain revenue contracts with its customers, including syndication costs for clients where capital raising has been syndicated. These costs are expensed immediately as there are no performance obligations created for future events.
#### 7. Related Parties
The Company provides monthly management services for llluminare Biotechnologies, Inc. The Company owns a minority interest in the voting stock of llluminare.
#### 8. Warrants
Upon each commissionable security sale the Company earns warrants to purchase the same security that was sold in the transaction. The amount of warrants earned is determined according to a schedule outlined in the engagement agreement with the client. At the time of a significant client event the warrants are issued to the Company whereupon they are immediately assigned to its principal. These warrants at December 31 , 2019 do not have any value assigned to them. No such events happened in 2019.
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# WALTER GREENBLATT & ASSOCIATES, LLC SUPPLEMENTARY SCHEDULES FOR THE YEAR ENDED DECEMBER 31, 2019
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#### SCHEDULE I
### WALTER GREENBLATT & ASSOCIATES, LLC
### COMPUTATION OF AGGREGATE INDEBTEDNESS AND NET CAPITAL PURSUANT TO RULE 15c3-1
#### DECEMBER 31, 2019
| Total ownership equity from statement of financial condition | \$231,147 |
|------------------------------------------------------------------------------------------------|----------------|
| Total nonallowable assets from statement of financial condition | 68.604 |
| Net capital before haircuts on securities positions | 162,543 |
| Haircuts on securities | |
| Net capital | 162,543
\$ |
| Aggregate indebtedness:
Total A.I. liabilities from statement of financial condition | \$
76,525 |
| Total aggregate indebtedness | \$
76.525 |
| Percentage of aggregate indebtedness to net capital | 47.1 % |
| Computation of basic net capital requirement:
Minimum net capital required (6.67% of A. I.) | 5.102
\$ |
| Minimum dollar net capital requirement of reporting broker or dealer | \$~
_._QQ_Q |
| Net capital requirement | 5.102
\$ |
| Excess net capital | \$ 157,441 |
| Excess net capital at 1000% | \$
154,891 |
See Report of Independent Registered Public Accounting Firm
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#### SCHEDULE !(CONTINUED)
#### WALTER GREENBLATT & ASSOCIATES, LLC
#### RECONCILIATION OF NET CAPITAL PURSUANT TO RULE 15C3-1 (X-17A-5)
#### AT DECEMBER 31. 2019
| | Focus Report-
Part UA
Period ended | | Annual
Financial Statements
at |
|------------------------------------------------------------------------------|------------------------------------------|-------------|--------------------------------------|
| | December 31, 2019 | Adjustments | December 31 , 2019 |
| COMPUTATION OF NET CAPITAL | | | |
| Total ownership equity from
statement of financial condition | \$210,077 | \$21,070 | \$231,147 |
| Deductions and/or charges;
Total nonallowable assets
from statement of | | | |
| financial condition | 47 534 | 21,070 | 68,604 |
| Total deductions | 47,534 | 21,070 | 68,604 |
| Net capital | \$. 162.543 | \$Q | \$162.543 |
See Report of Independent Registered Public Accounting Firm
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### SCHEDULE II
#### WALTER GREENBLATT & ASSOCIATES, LLC
#### COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS FOR BROKER/DEALER UNDER RULE 15c3-3 OF THE SECURITIES EXCHANGE ACT OF 1934
#### DECEMBER 31 , 2019
Walter Greenblatt & Associates, LLC, is exempt from the reserve requirements of Rule 15c3-3 as its transactions are limited, such that they do not handle customer funds or securities. Accordingly, the computation for determination of reserve requirements pursuant to rule 15c3- 3 and information relating to the possession or control requirement pursuant to Rule 15c3-3 are not applicable.
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#### SCHEDULE III
#### WALTER GREENBLATT & ASSOC IA TES, LLC
#### INFORMATION RELATING TO POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3
DECEMBER 31, 2019
The Company had no items reportable as customers' fully paid securities: (1) not in the Company's possession or control as of the audit date (for which instructions to reduce to possession or control had been issued as of the audit date) but for which the required action was not taken by the Company within the timeframes specified under Rule 15c3-3 or (2) for which instructions to reduce to possession or control had not been issued as of the audit date, excluding items arising from "temporary lags which result from normal business operations" as permitted under rule 15c3-3.
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#### **LEHMAN FLYNN VOLLARO PLLC** CERTIFIED PUBLIC ACCOUNTANTS 534 BROADHOLLOW ROAD • SUITE 302 MELVILLE, NEW YORK 11747
MARTIN M. LEHMAN, CPA SCOTT P. FLYNN, CPA LAWRENCE A VOLLARO, CPA MATHEW H. PERETZ, CPA MATTHEW P. GEYER
TEL: (212) 736-2220 FAX: (212) 736-8018 **WEB:** www.Li.'1Fcpa..com **Members: America. Institute** of CPA's **New Yorlc State Society** of CPA's
#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON A PPL YING AGREED-UPON PROCEDURES
To the Management of Walter Greenblatt & Associates, 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 Walter Greenblatt & Associates, LLC. and the SlPC, solely to assist you and SIPC in evaluating Walter Greenblatt & Associates, LLC's compliance with the applicable instructions of the General Assessment Reconciliation (Fonn SIPC-7) for the year ended December 31, 2019. Walter Greenblatt & Associates, 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 Accowtting 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 perfonned and our findings are as follows:
- I) Compared the listed assessment payments in Fonn 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-1 7A-S Part Ill for the year ended December 31, 2019 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2019, 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 Fonn SIPC-7 on which it was originally computed, noting no differences.
We were not engaged to and did not conduct an examination or review, tbe objective of which would be the expression of an opinion or conclusion, respectively, on Walter Greenblatt & Associates, LLC. 's compliance with the applicable instructions of the Form SIPC-7 for the year ended December 3 I, 2019. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our altention that would have been reported to you.
This report is intended solely for the infonnation and use of Walter Greenblatt & Associates, LLC and the SIPC and *is* not 'T::: •;;;: be V 2' oz; J'? spocifi~ parti~.
Melville, NY February 29, 2020
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## WALTER GREENBLATT & ASSOCIATES, LLC
### SIPC GENERAL ASSESSMENT RECONCILIATION
#### DECEMBER 31, 2019
#### General Assessment Calculation
| Total Revenue | \$1,068,819 |
|--------------------------------|-------------|
| Revenue Exempt from Assessment | (69,699) |
| Total Assessable Revenue | 999,120 |
| Rate | 0.0015 |
| General Assessment Due | 1,499 |
| Less Previous Overpayment | (360) |
| Plus Interest | 0 |
| Remaining Assessment Due | 1,139 |
| Paid with SIPC-6 | (323) |
| Balance Due | \$816 |
There is no material difference between the SIPC-7 and this reconciliation
See Report of Independent Registered Public Accounting Firm on applying agreed-upon procedures -17-
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#### LEHMAN FLYNN VOLLARO **PLLC** CERTIFIED PUBLIC ACCOUNTANTS 534 BROADHOLLOW ROAD • SUITE 302 MELV1LLE, NEW YORK 11747
MARTIN M. LEHMAN, CPA SCOIT P. FLYNN, CPA LAWBENCEA. VOLLARO, CPA MATHEW H. PERETZ, CPA MATTHEW P. GEYER
**TEL: (212) 786-2220 FAX: (212) 736-8018 WPB: www.LNF\:pa..com Members: American** Institute ofCPA's **New York Slate Societ\_v ofCPA's**
#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Management of Walter Greenblatt & Associates, LLC.
We have reviewed management's statements, included in the accompan.ying Affinnation of Exemption Declaration Certification, i.11 which (I) Walter Greenblatt & Associates, LLC identified the following provisions of 17 C.F.R. § 15c3-3(k) under which Walter Greenblatt & Associates, LLC claimed an exemption from 17 C.F.R. §240.15c3-3: (2)(i) (exemplion provisions) and (2) Walter Greenblatt & Associates, LLC stated that Walter Greenblatt & Associates, LLC met the identified exemption provisions throughout ihe most recent fiscal year without exception. Walter Greenblatt & Associates, LLC's management is responsible for compliance with the exemption provisions and its statements.
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 Walter Greenblatt & Associates, LLC's compliance with the exemption provisions. 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 oo our review, we are not aware of any material modifications that should he made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in paragraph (k)(2){i) of Ruic IT:: ff :,Ex<:;;;;:\_fl~;r;
Melville, NY February 29, 2020
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WALTER GREENBLATT & ASSOCIATES, LLC
EXEMPTION REPORT
DECEMBER 31 , 2019
On behalf of Walter Greenblatt & Associates, LLC, I, Ezra Z. Angrist. as FinOp and CCO, attest to the following as required by the SEC in conjunction with our annual audit report for the period ending December 31 , 2019:
- Walter Greenblatt & Associates, LLC claims an exemption from SEC Rule 15c3-3 under the K(2)(i) provision.
- Walter Greenblatt & Associates, LLC did not hold any customer funds or securities at any time during the year.
- Walter Greenblatt & Associates, LLC met the identified exemption provisions throughout the reporting period of January 1, 2019 thru December 31 , 2019, without exception.
tL 1J- 2[2-~[zo
Ezra Z. Angrist FinOp and CCO Walter Greenblatt & Associates. LLC
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.