# WALTER GREENBLATT & ASSOCIATES, LLC X-17A-5 (2021-03-01) — Broker-dealer annual report - Company: WALTER GREENBLATT & ASSOCIATES, LLC - Form: X-17A-5 - Filed: 2021-03-01 - Period: 2020-12-31 - Accession: 0001267806-21-000001 - CIK: 1267806 - File #: 8-66211 - Material weakness: No - Auditor: Nawrocki Smith LLP - Auditor location: Melville, NY - Contact: EZRA ANGRIST - Phone: 6094971282 - Signed by: Ezra Angrist (CFO/FINOP/CCO) Original filing: https://www.sec.gov/Archives/edgar/data/1267806/000126780621000001/WGA2020FSfinal.pdf --- {0}------------------------------------------------ UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 August 31, 2020 Expires: Estimated average burden hours per response .. . . . . . 12.00 SEC FILE NUMBER 8-66211 # ANNUAL AUDITED REPORT FORM X-17A-5 PART III FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the t of 1034 and Rule 179-5 Thereunder | | Securities Exchange Act of 1754 and Rule 17a-5 Therean | | | |------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|---------|--------------------------------| | | AND ENDING 12/31/20
report for the period beginning 01/01/20 | | | | | MM/DD/Y Y | | MM/DD/Y Y | | | A. REGISTRANT IDENTIFICATION | | | | NAME OF BROKER-DEALER: Walter Greenblatt & Associates LLC | | | OFFICIAL USE ONLY | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | FIRM I.D. NO. | | 327 St Marks Avenue | | | | | | (No. and Street) | | | | Brooklyn | New York | | 11238 | | (City) | (State) | | (Zip Code) | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Ezra Angrist 609-497-1282 | | | | | | | | (Area Code - Telephone Number) | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report* | | | | | Nawrocki Smith LLP | | | | | | (Name - if individual, state last, first, middle name) | | | | 290 Broadhollow Road Suite 115E Melville | | NY | 11747 | | (Address) | (City) | (State) | (Zip Code) | | CHECK ONE: | | | | | Certified Public Accountant | | | | | 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 p 247 7 5 6/21 " Claims for exemplion for the regirement increamstances relied on as the basis for the exemption. See Section 240.17a-5(e)(2) > Potential persons who are to respond to the collection of i otentiation contained in this form are not required to respond mormation contained in this form are not room of other hop on. SEC 1410 (06-02) {1}------------------------------------------------ #### OATH OR AFFIRMATION | Walter Greenblatt & Associates LLC | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | of March 1 | 20 21 | | | neither the company nor any partner, principal officer or director has any proprietary interest in any account | | classified solely as that of a customer, except as follows: | | | | | | | | | RONALD S. SCHIMPF | | | Notary Public, State of New York
Qualified in Schenectady County | Signature | | Reg. No. 01SC6154814,
My Commission Expires ________________________________________________________________________________________________________________________________________________________ | CFO/CCO/FINOP | | | Title | | | | | Notary Public | | | This report ** contains (check all applicable boxes): | | | (a) Facing Page.
(b) Statement of Financial Condition. | | | (c) Statement of Income (Loss). | | | (d) Statement of Changes in Financial Condition. | | | (e) Statement of Changes in Stockholders' Equity 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 Rule 15c3-3. | | | (i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3. | | | | (j) A Reconciliation, including appropriate explanation of Net Capital Under Rule 15c3-1 and the
Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. | | consolidation. | (k) A Reconciliation between the audited Statements of Financial Condition with respect to methods of | | (1) An Oath or Affirmation. | | | | | {2}------------------------------------------------ WALTER GREENBLATT & ASSOCIATES, LLC FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2020 {3}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES, LLC FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2020 # TABLE OF CONTENTS # Page | Report of Independent Registered Public Accounting Firm | | |-----------------------------------------------------------------------------------------------|--| | Statement of financial condition | | | Statement of income | | | Statement of changes in member's equity | | | Statement of cash flows | | | Notes to financial statements | | | Supplemental schedules | | | Report of Independent Registered Public Accounting Firm on applying
agreed-upon procedures | | | SIPC General Assessment Reconciliation | | | Report of Independent Registered Public Accounting Firm on the exemption report 19 | | | Exemption statement regarding SEC Rule 15c3-3 | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of Walter Greenblatt & Associates, LLC: #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Walter Greenblatt & Associates, LLC (the "Company") as of December 31, 2020, the related statements of income, changes in member's equity, and cash flows for the year ended December 31, 2020, and 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 Walter Greenblatt & Associates, 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 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 reguired 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 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. #### Auditor's Report on Supplemental Information The supplemental information contained in Schedules I, II and III have been subjected to audit procedures performed in conjunction with the audit of Walter Greenblatt & Associates, LLC's financial statements. The supplemental information is the responsibility of Walter Greenblatt & Associates, 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. §240.17a-5. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as Walter Greenblatt & Associates, LLC's auditor since 2020. Melville, New York February 26, 2021 Nawrocki Smith LLP {5}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2020 #### ASSETS | Current assets: | | |--------------------------------------------------------------|------------| | Cash | \$ 209,380 | | Accounts receivable (net of allowance for doubtful accounts) | 54,664 | | Prepaid expenses | 294 | | Total Current Assets | 264.338 | | Fixed Assets (net of accumulated depreciation) | 2,242 | | Investment in Illuminare Biotechnologies | 555 | | Total assets | \$ 267.135 | #### LIABILITIES AND MEMBER'S EQUITY | Current liabilities:
Accrued expenses and payroll liabilities
Paycheck Protection Program Loan | \$ 33.418
37,531 | |------------------------------------------------------------------------------------------------------|---------------------| | Total Liabilities | 70.949 | | Member's equity | 196.186 | | Total liabilities and member's equity | \$ 267 135 | The accompanying notes are an integral part of this statement. {6}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF INCOME YEAR ENDED DECEMBER 31, 2020 | Revenue
Commissions | \$620,549
63,313 | |-------------------------------------|---------------------| | Consulting Services
Other Income | 40.492 | | | | | Total Revenue | \$724,354 | | Operating expenses: | | | Outside services | 258,590 | | Officers salary | 122,100 | | Employee salaries | 137,504 | | Pension expense | 41,550 | | Professional fees | 88,137 | | Travel expenses | 12,442 | | Payroll taxes | 20,686 | | Office supplies and other expenses | 10,784 | | Telephone expense | 6,366 | | Dues and subscriptions | 59,629 | | Depreciation | 743 | | Meals and Entertainment | 785 | | Total operating expenses | \$759,316 | | Net Loss | (\$34,962) | The accompanying notes are an integral part of this statement. {7}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY YEAR ENDED DECEMBER 31, 2020 | Members Equity | 12/31/2019 \$231.148 | | |-------------------------|----------------------|------------| | Net Loss | 2020 | (\$34,962) | | Less Member Withdrawals | | 50 | | Members Equity | 12/31/2020 \$196,186 | | The accompanying notes are an integral part of this statement. -5- {8}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2020 | Cash flows from operating activities:
Net Income
Adjustments to reconcile net income to
net cash used by operating activities: | (\$34,962) | |-----------------------------------------------------------------------------------------------------------------------------------------|---------------------------| | Depreciation
Changes in operating assets and liabilities: | 743 | | Accounts receivable
Prepaid expenses
Accounts expenses and payroll liabilities | 10,396
265
(43,106) | | Net cash provided by operating activities | (66,664) | | Cash flows from investing activities
Investment in Illuminare Biotechnologies | (555) | | Net cash used by investing activities | (555) | | Cash flows from financing activities
Paycheck Protection Loan Program
Net cash provided from financing activities | 37,531
37,531 | | Net change in cash | (29,688) | | Cash at beginning of year | 239,068 | | Cash at end of year | \$ 209,380 | | Supplemental disclosures of cash flow information: | | | Cash paid during the year for interest | S
-()- | | Cash paid during the year for taxes | C
C | The accompanying notes are an integral part of this statement. {9}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES, LLC NOTES TO FINANCIAL STATEMENTS # 1. Nature of Company and Summary of Significant Accounting Policies #### Business Description Walter Greenblatt & Associates, LLC offers business consulting and investment banking services to public and private, middle market and early stage companies in the biech 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 opter of the financial statements. Estimates also affect the reported amounts of revenue and expenses of 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. #### Fixed Assets Additions to fixed assets are recorded at cost. The cost of major additions and betterments are capitalized, while the cost or replacements, maintenance and repairs, that do not improve or extend the useful lives of the related assets are expensed as ina uread. Depreciation is provided principally on the straight-line method over estimated useful lives. We evaluate fixed assets for impairment when events or changes in circumstances indicate that the carrying value of such assets may not be recoverable or the assets are being held for sale. Upon the occurrence of a triggering event, we review the used a re-being the estimated undiscounted cash flows expected for the use of the asset to assess whether the estimated disposal exceeds the carrying value of the asset. If the carrying value exceeds the estimated recoverable amounts, we write down the asset to the estimated fair value {10}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES, LLC NOTES TO FINANCIAL STATEMENTS #### 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 26, 2021, 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 \$138,431 at December 31, 2020, which exceeded required net capital of \$5,000 by \$133,431. The ratio of aggregate indebtedness to net capital at December 31, 2020 was 24.1%. 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, 2020 is \$41,550. 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. {11}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES. LLC NOTES TO FINANCIAL STATEMENTS # 5. Accounts receivable and the allowance for doubtful accounts Accounts receivable and the allowance for doubtful accounts are comprised of the following: | | Dec 31, 2020 | |---------------------------------|--------------| | Accounts Receivable | \$54.919 | | Allowance for doubtful accounts | (255) | | | | Accounts receivable, net of \$54.664 allowance for doubtful accounts 6. Revenue from Contracts with Customers #### Significant Judgments Revenue from contracts with customers includes commission 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 | \$ 620,549 | | Management Consulting Services | 63.313 | | Total revenue from contracts | \$ 683.862 | #### 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, 2020. {12}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES, LLC NOTES TO FINANCIAL STATEMENTS #### 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 action 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. Fixed Assets | Furniture and fixtures | 80 | |---------------------------------------|------------| | Leasehold improvements | 0 | | Office equipment | 21,713 | | l otal | 21,713 | | Less: Accumulated depreciation | (\$19.471) | | Net furniture, fixtures and equipment | \$2,242 | Depreciation expense for the year ended December 31, 2020 was: \$743 #### 8. Related Parties The Company provides monthly management services for Illuminare Biotechnologies, Inc. The Company reseived \$54.000 r Company received \$54,000 from Illuminare Biotechnologies for its services. {13}------------------------------------------------ #### g 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, 2020 do not have any value assigned to them. No such events happened in 2020. #### 10. Paycheck Protection Program Loan The Company received a loan from Customers Bank in the amount of \$37,531 under the Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The loan is subject to a note dated May 1, 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. No determination has been made as to whether the Company will be eligible for forgiveness, in whole or in part. The loan bears interest at a rate of 1 % and is payable in monthly installments of principal and interest over 24 months beginning 6 months from the date of the note. The loan may be repaid at any time with no prepayment penalty. -11- {14}------------------------------------------------ WALTER GREENBLATT & ASSOCIATES, LLC SUPPLEMENTAL SCHEDULES FOR THE YEAR ENDED DECEMBER 31, 2020 {15}------------------------------------------------ # SCHEDULE I # WALTER GREENBLATT & ASSOCIATES, LLC # COMPUTATION OF AGGREGATE INDEBTEDNESS AND NET CAPITAL PURSUANT TO RULE 15c3-1 ## DECEMBER 31, 2020 | Total ownership equity from statement of financial condition | \$ 196,186 | |-----------------------------------------------------------------------------------------------|----------------| | Total nonallowable assets from statement of financial condition | 57.755 | | Net capital before haircuts on securities positions | 138,431 | | Haircuts on securities | | | Net capital | 138,431 | | | | | Aggregate indebtedness:
Total A.I. liabilities from statement of financial condition | 33.418
ക | | Total aggregate indebtedness | ക
33,418 | | Percentage of aggregate indebtedness to net capital | 24 1% | | | | | Computation of basic net capital requirement:
Minimum net capital required (6.67% of A.I.) | ક
2.228 | | Minimum dollar net capital requirement of reporting broker or dealer | ಳ
5.000 | | Net capital requirement | S
5.000 | | Excess net capital | 133,431
ಕ | | Excess net capital at 1000% | 135.089
સ્ત | See Report of Independent Registered Public Accounting Firm -13- {16}------------------------------------------------ # SCHEDULE I(CONTINUED) # WALTER GREENBLATT & ASSOCIATES, LLC # RECONCILIATION OF NET CAPITAL PURSUANT TO RULE 15C3-1 (X-17A-5) # AT DECEMBER 31, 2020 | | Focus Report-
Part IIA, as amended
Period ended
December 31, 2020 | Adjustments | Annual
Financial Statements
at
December 31, 2020 | |------------------------------------------------------------------------------|----------------------------------------------------------------------------|-------------|-----------------------------------------------------------| | COMPUTATION OF NET CAPITAL | | | | | Total ownership equity from
statement of financial condition | \$ 196,186 | ക | \$196,186 | | Deductions and/or charges;
Total nonallowable assets
from statement of | | | | | financial condition | 57,755 | | 57.755 | | Total deductions | 57.755 | | 57.755 | | Net capital | \$ 138.431 | \$0 | \$138,431 | {17}------------------------------------------------ # SCHEDULE II # WALTER GREENBLATT & ASSOCIATES, LLC # COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS AND INFORMATION RELATED TO POSSESSION AND CONTROL REQUIREMENTS AND RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION #### DECEMBER 31, 2020 The Company is not claiming an exemption from SEA Rule 15c3-3, in reliance on footnote 74 to SEC Release 34-70073 and as discussed in Q&A 8 of the related FAQ issued by SEC staff. In bold oustamentunde hold customer funds or securities. {18}------------------------------------------------ #### SCHEDULE III # WALTER GREENBLATT & ASSOCIATES, LLC # INFORMATION RELATING TO POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 #### DECEMBER 31, 2020 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. {19}------------------------------------------------ ![](_page_19_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES To the Member 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 ("SIPC") ander the Securities Exchange which are enumerated below and were agreed to by Walter Greenblatt & Associates, LLC (the "Company") and the SIPC, solely to assist you and SIPC in evaluating Walter Greenblating Walter Greenblatt & Associates, LLC's compliance with the applicable instructions of the General Assessment Reconciliation ("Form SIPC-7") for the year ended December 31, 2020. 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 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 Form X-17A-5 Part Ill for the year ended December 31, 2020, with the total revenue amounts 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 noting noting noting noting noting noting noting noting noting noting noting noting noting notin 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 Walter Greenblatt & Associates, LLC's compliation or concentuation, respectively, on Vvaler Greenblatt & ended December 31, 2020-18-11 the upplications of the Form SIPC-7 for the year we performed additional proceduring), we do not express such an opinion or conclusion. Had would have been reported to you. This report is intended solely for the information and use of Walter Greenblatt & Associates, LLC and the SIPC and is not intermation and should not be used by anyone other than these specified parties. Melville, New York February 26, 2021 Naurocki Smith / 1 {20}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES, LLC SIPC GENERAL ASSESSMENT RECONCILIATION DECEMBER 31, 2020 General Assessment Calculation | Total Revenue | \$124.354 | |--------------------------------|-----------| | Revenue Exempt from Assessment | (40,492) | | Total Assessable Revenue | 683,862 | | Rate | 0.0015 | | General Assessment Due | 1,026 | | Less Previous Overpayment | 0 | | Plus Interest | 0 | | Remaining Assessment Due | 1,026 | | Paid with SIPC-6 | (723) | | Balance Due | \$303 | 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 -18- {21}------------------------------------------------ ![](_page_21_Picture_0.jpeg) # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of Walter Greenblatt & Associates, LLC: We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Walter Greenblate & Associates . LLC (the "Company") identified the following provisions of 17 C.F.R. §15c3-3 under which the Company , Identified the following §240.15c3-3 (the "exemption provisions") and (2) the Company stated that the Company met the identified exemption provisions throughout the most recent fiscal year without exception. The Company'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 the Company's compliance with the exemption provisions. A review is substantially less in scope than an examination the exemplon provisions. An 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 made to based on the provisions set forth in Rule 15c2 a based on the provisions set forth in Rule 15c3-3 under the Securities Exchange Act of 1934. Melville, New York February 26, 2021 Nawrocki Smith LLP {22}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES, LLC #### EXEMPTION REPORT #### DECEMBER 31, 2020 Walter Greenblatt & Associates, 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. §240.17a-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 mergers and acquisitions and private placements of securities, and the Company (1) did not directly or indirectly or indirectly or indirectly receive, hold, or other considere for 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 15c24 and/or funds received and prompliance with transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issues on its agent and not to the Company); (2) did not carry accounts of or for customers; and did not carry PAB accounts (2) in Rule 15c3-3) throughout the most record final vot carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. \_ swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. By: Date: February 26, 2021 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.