# LCG Capital Advisors, LLC X-17A-5 (2021-02-11) — Broker-dealer annual report - Company: LCG Capital Advisors, LLC - Form: X-17A-5 - Filed: 2021-02-11 - Period: 2020-12-31 - Accession: 0001267937-21-000003 - CIK: 1267937 - File #: 8-66213 - Material weakness: No - Auditor: Assurance Dimensions - Auditor location: Margate, FL - Contact: Ana R. Carter - Phone: 8134421645 - Website: assurancedimensions.com - Signed by: Craig Little (CCO) Original filing: https://www.sec.gov/Archives/edgar/data/1267937/000126793721000003/lcgfs2.pdf --- {0}------------------------------------------------ **UNITED STA TES SECURITJES AND EXCHANGE COMMISSION** Washington, D.C. 20549 # **ANNUAL AUDITED REPORT FORM X-17A-5 PARTIII** **FACING PAGE** **Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder** REPORT FOR THE PERIOD BEGINNING **01/01/2020** AND ENDING **12/31/2020** ----------- MM/DD/YY # **A. REGISTRANT IDENTIFICATION** # NAME OF BROKER-DEALER: LCG CAPITAL ADVISORS, LLC ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) 201 E KENNEDY BLVD, STE 325 (No. and Street) | TAMPA | FL | 33602 | |--------|---------|------------| | (City) | (State) | (Zip Code) | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THfS REPORT Ana R. Carter/ 813-442-1645 # **B. ACCOUNT ANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNT ANT whose opinion is contained in this Report\* Assurance Dimensions SEC 1410 (11-05) (Name - *if individual, state last, first. middle name)* 2000 Banks Road, Suite 218 Margate (Address) (City) **CHECK ON E:** FL 33063 (State) (Zip Code) ✓ I Certified Public Accountant ubli cAccountant Ac ou tant 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 public accountant must be supported by a statement of/acts and circumstances relied on as the basis/or the exemption. See Section 240. 17a-5(e)(2)* > **Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid 0MB control number.** OFFICIAL USE ONLY MM/DD/YY FIRM I.D. NO. (Area Code - Telephone Number) 0MB APPROVAL 0MB Number: 3235-0123 Expires: August 31, 2020 Estimated average burden hours per response ...... 12.00 | SEC FILE NUMBER | |-----------------| | 8-66213 | {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | I, Craig Little | , swear ( or affirm) that, to the best of | |-------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------| | ------------
LCG CAPITAL ADVISORS, LLC | my knowledge and belief the accompanying financia l statement and supporting schedules pertaining to the firm of
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are true and correct. I further swear ( or affirm) that | | | neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account | | classified solely as that of a customer, except as follows: | | | | | | | | | | | | | | | | ~~
~ | | | | | | | | | cco | | | Title | | | ·I'·
JOSEPH R TISDALE
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• 1, | | 0 (a) Facing Page. | | | 0 (b) Statement of Financial Condition. | | | | [Z] (c) Statement of Income (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement | - of Comprehensive Income (as defined in §210. 1-02 of Regulation S-X). - ✓ (d) Statement of Changes in Financial Condition. - **0** (e) Statement of Changes in Stockholders' Equ ity or Partners' or Sole Proprietors' Capital. - **0** (t) 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 l 5c3-3. - (i) Information Relating to the Possession or Control Requirements Under Rule I 5c3-3. - **0** U) A Reconciliation, including appropriate explanation of the Computation ofNet Capital Under Rule l 5c3-l and the Computation for Determination of the Reserve Requirements Under Exhibit A of Rule l 5c3-3. - **0** (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of con so I idation. - ✓ (I) An Oath or Affirmation. - **0** (m) 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 oftbe previous audit. \*\* *For conditions of confidential treatment of certain portions of this filing, see section 240.1 7 a-5(e)(3).* {2}------------------------------------------------ #### LCG CAPITAL ADVISORS, LLC Financial Statements December 31, 2020 ## TABLE OF CONTENTS | | Page | |------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | Report of Independent Registered Public Accounting Firm | 1 | | Financial Statements
Statement of Financial Condition | 2 | | Statement of Operations and Changes in Member's Equity | 3 | | Statement of Cash Flows | 4 | | Notes to the Financial Statements | 5 - 7 | | Supplemental Information
Schedule I – Computation of Net Capital Pursuant to Rule 15c3-1
of the Securities and Exchange Commission | 8 | | Schedule II – Computation for Determination of Reserve Requirements for
Brokers and Dealers Pursuant to Rule 15c3-3 of the Securities Exchange
Act of 1934 | 9 | | Schedule III – Information Relating to the Possession or Control
Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 | 9 | | Exemption Report | 10 | | Report of Independent Registered Public Accounting Firm on
Exemption Report | 11 | | Report of Independent Registered Public Accounting Firm on Applying
Agreed Upon Procedures | 12 | {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM #### To the Member of LCG Capital Advisors, LLC: #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of LCG Capital Advisors, LLC as of December 31, 2020, the related statements of operations and changes in and cash flows for the year then ended, and the related notes (colle respects, the financial position of LCG Capital Advisors, 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 LCG Capital Advisors, LLC management. Our responsibility is to express an opinion on LCG Capital Advisors, LLC 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 LCG Capital Advisors, 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. The Schedule I, Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission, Schedules II and III, Computation for Determination of Reserve Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 of the Securities Exchange Act of 1934 and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 have been subjected to audit procedures performed in conjunction with the audit of LCG Capital Advisors, LLC financial statements. The supplemental information is the responsibility of LCG Capital Advisors, LLC 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 Schedule I, Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission, Schedules II and III, Computation for Determination of Reserve Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 of the Securities Exchange Act of 1934 and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 are fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as LCG Capital Advisors, LLC auditor since 2019. Assurance Dimensions Tampa, Florida February 10, 2021 #### ASSURANCE DIMENSIONS CERTIFIED PUBLIC ACCOUNTANTS & ASSOCIATES TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053 JACKSONVILLE: 4720 Salisbury Road, Suite 223 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053 ORLANDO: 1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053 SOUTH FLORIDA: 2000 Banks Road, Suite 218 | Margate, FL 33063 | Office: 754.800.3400 | Fax: 813.443.5053 www.assurancedimensions.com {4}------------------------------------------------ ## LCG Capital Advisors, LLC Statement of Financial Condition December 31, 2020 #### ASSETS | Current assets | | |--------------------------|--------------| | Cash | \$
32,262 | | Accounts Receivable, net | 7,000 | | Prepaid Expenses | 2,720 | | Total current assets | 41,982 | | Other assets | | | Goodwill | 45,600 | | Other assets | 1,115 | | Total assets | \$
88,697 | #### Liabilities and Member's Equity | Current liabilities | | |---------------------------------------|--------------| | Accounts payable and accrued expenses | \$
4,482 | | Due to affiliates | 9,014 | | Total current liabilities | 13,496 | | Member's equity | 75,201 | | Total liabilities and member's equity | \$
88,697 | The accompanying notes are an integral part of this financial statement. {5}------------------------------------------------ ## LCG Capital Advisors, LLC Statement of Operations and Changes in Member's Equity For the Year Ended December 31, 2020 | Revenue | | |------------------------------------|-----------------| | Supervisory and finder's fees | \$
1,368,360 | | Other income | 5,029 | | | 1,373,389 | | Operating expenses | | | Compensation expenses | 663,625 | | Professional fees | 33,228 | | Regulatory expenses | 11,608 | | Bad debt expense | 15,000 | | Other administrative expenses | 70,396 | | Total operating expenses | 793,857 | | Net income | 579,532 | | Member's equity, beginning of year | 95,669 | | Capital Distributions | (600,000) | | Member's equity, end of year | \$
75,201 | The accompanying notes are an integral part of this financial statement. {6}------------------------------------------------ ### LCG Capital Advisors, LLC Statement of Cash Flows For the Year Ended December 31, 2020 | Cash flows provided by operating activities: | | |----------------------------------------------------------------------------------|---------------| | Net income | \$
579,532 | | Adjustments to reconcile net income to net cash provided by operating activities | | | Change in assets and liabilities: | | | Accounts Receivable, net | (2,000) | | Prepaid Expenses and other assets | (6) | | Due to/from related parties | 1,728 | | Accounts payables and accrued expenses | 368 | | Net cash provided by operating activities | 579,622 | | Cash flows used by financing activities: | | | Capital distributions | (600,000) | | Net cash used financing activities | (600,000) | | Net change in cash | (20,378) | | Cash, beginning of year | 52,640 | | Cash, end of year | \$
32,262 | {7}------------------------------------------------ ## LCG CAPITAL ADVISORS, LLC Notes to Financial Statements December 31, 2020 #### Note 1 – Nature of Operations and Going Concern LCG Capital Advisors, LLC (the "Company") is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is a Florida limited liability company, formed on July 3, 2003 and is a wholly-owned subsidiary of LCG Capital Holdings, LLC ("LCG"). LCG purchased an existing broker-dealer in 2008 and renamed it LCG Capital Advisors, LLC in 2009. The Company's business primarily consists of assisting entities in obtaining financing and in merger and acquisition transactions. ### Note 2 – Summary of Significant Accounting Policies A summary of the Company's significant accounting policies are as follows: Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the statement of financial condition. Actual amounts could differ from those estimates. Cash and Cash Equivalents – For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. At December 31, 2020, there were no cash equivalents. Goodwill – Goodwill was recorded in connection with the 100% change in control of the Company in 2008 as the excess purchase price over the fair value of the net assets acquired. Goodwill is not amortized but tested for impairment on an annual basis or more frequently if indicators of possible impairment exist. As of December 31, 2020, based on management's assessment of qualitative factors it was determined that the fair value of the Company's lone reporting unit more-likely-than-not exceeds its carrying amount. As such, management determined that there was no impairment of goodwill. Revenue from Contracts with Customers – The Company provides advisory services / corporate finance activity including mergers and acquisitions, reorganizations, tender offers, leveraged buyouts, fundraising activity and the pricing of securities to be issued. The agreements with customers contain nonrefundable retainer fees or success fees, which may be fixed or represent a percentage of value that the customer receives if, and when, the corporate finance activity is completed ("success fees"). In some cases, there is also an "announcement fee" that is calculated on the date that a transaction is announced based on the price included in the underlying sale agreement. The retainer fees, announcement fee, or other milestone fees reduce any success fee subsequently invoiced and received upon the completion of the corporate finance activity i.e. at a point in time. The Company has evaluated its nonrefundable retainer payments, to ensure its fee relates to the transfer of a good or service, as a distinct performance obligation, in exchange for the retainer. The Company recognizes this retainer over time. In some cases, that would result in the broker-dealer accounting for all the services promised in {8}------------------------------------------------ ## LCG CAPITAL ADVISORS, LLC Notes to Financial Statements December 31, 2020 #### Note 2 – Summary of Significant Accounting Policies (continued) a contract as a single performance obligation and the retainer revenue is classified as deferred revenue on the Statement of Financial Condition. Income Taxes - The Company is treated as a disregarded entity for income tax purposes. Accordingly, no income taxes or tax benefits are recorded by the Company since such taxes or tax benefits associated with the Company's operations are reported in the tax return of its parent company, LCG. Management has evaluated the effect of the guidance provided by U.S. GAAP on accounting for uncertainty in income taxes and determined that the Company had no uncertain tax positions that could have a significant effect on the financial statements at December 31, 2020. LCG's federal income tax returns for its 2018 and subsequent tax years are subject to examination by the internal revenue service for three years from their date of filing. Recent Accounting Pronouncements – Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company's financial statements upon adoption. #### Note 3 – Concentration of Credit Risk The financial instruments which potentially subject the Company to concentrations of credit risk are cash and accounts receivable. The Company maintains its cash at one depository bank, which is insured by the Federal Deposit Insurance Corporation ("FDIC") up to \$250,000. As of December 31, 2020, the cash on deposit did not exceed the FDIC insured limit. Accounts Receivable at December 31, 2020 is from two customers. Receivables are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. At December 31, 2020 there was a \$15,000 allowance for uncollectible amounts. There were write-offs of uncollectable amounts of \$5,000 recognized during 2020. The Company earned revenue from nine customers in 2020. The top 3 customers accounted for 41.7%, 27.6% and 17.2%, respectively, of fees and commissions for the year ended December 31, 2020. 100% of revenues were generated in the USA. ### Note 4 – Related Party Transactions The Company owes \$10,639 (of which \$1,625 was in Accounts Payable) as of December 31, 2020 to a common control related entity. This payable is due on demand and is non-interest bearing. The Company has an expense sharing agreement with its related entities and has recognized approximately \$101,832 in expenses allocated under that agreement. {9}------------------------------------------------ ## LCG CAPITAL ADVISORS, LLC Notes to Financial Statements December 31, 2020 #### Note 5 – Net Capital Requirement The Company is subject to the SEC Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum regulatory net capital and a specified ratio of aggregate indebtedness to regulatory net capital. As of December 31, 2020, the Company had a net capital requirement and excess net capital of \$5,000 and \$13,766, respectively. The Company's aggregate indebtedness to net capital ratio was 71.92%. ### Note 6 – Exemption from Rule 15c3-3 The Company does not claim 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. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. #### Note 7 – Commitments and Contingencies The Company can be subject to litigation, arbitration settlements and regulatory assessments which arise in the ordinary course of business as a registered broker-dealer. The Company recognizes a liability and expense for any such matters at the time exposure to loss is more than remote and an amount of the loss is reasonably determinable. In the opinion of management, there are no outstanding matters at December 31, 2020 requiring contingent loss recognition. COVID-19 - The worldwide COVID-19 pandemic and related government-imposed and other measures intended to control the spread of the disease, including restrictions on travel and the conduct of business, such as stay-at-home orders, quarantines, travel bans, border closings, business closures and other similar measures, have had a significant impact on global economic conditions and have negatively impacted certain aspects of our business and results of operations, and may continue to do so in the future. Although certain economic conditions showed signs of improvement toward the end of fiscal 2020, certain of the impacts of the COVID-19 pandemic may continue to affect our results in the future. #### Note 8 – Subsequent Events The Company has evaluated subsequent events and transactions through the date the financial statements were available to be issued. No events other than previously disclosed have occurred subsequent to December 31, 2020 through February 10, 2021 which would require adjustment to, or disclosure in the financial statements, other than previously disclosed. {10}------------------------------------------------ Supplemental Information {11}------------------------------------------------ #### December 31, 2020 LCG Capital Advisors, LLC Schedule I - Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission | Net capital | | Unaudited
Part IIA | | Audit
Adjustments | | Amended
Part IIA | | |--------------------------------------------------------------|----|-----------------------|----|----------------------|----|---------------------|--| | Total member's capital | \$ | 90,201 | | (15,000) | \$ | 75,201 | | | Deductions: | | | | | | | | | Non-allowable assets: | | | | | | | | | Accounts Receivable | | (22,000) | | 15,000 | | (7,000) | | | Prepaid assets | | (2,720) | | | | (2,720) | | | Other assets | | (1,115) | | | | (1,115) | | | Goodwill | | (45,600) | | | | (45,600) | | | Net capital | \$ | 18,766 | \$ | - | \$ | 18,766 | | | Aggregate indebtedness | | | | | | | | | Accounts payable, accrued expenses and due to affiliates | | 13,496 | | | | 13,496 | | | Total aggregate indebtness | \$ | 13,496 | | | \$ | 13,496 | | | Computation of basic net capital requirement - higher of: | | | | | | | | | Minimum net capital required based on aggregate indebtedness | \$ | 900 | | | \$ | 900 | | | Net capital required | \$ | 5,000 | | | \$ | 5,000 | | | Excess net capital | \$ | 13,766 | | | \$ | 13,766 | | | Ratio of aggregate indebtedness to net capital | | 71.92% | | | | 71.92% | | There are no material differences between the preceding calculation and the Company's corresponding unaudited Part II A of Form X-17A-5 as of December 31, 2020. {12}------------------------------------------------ ## LCG Capital Advisors, LLC ## Schedule II - Computation for Determination of Reserve Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 under the Securities and Exchange Act of 1934 December 31, 2020 The Company does not claim 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. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. ## Schedule III - Information Relating to the Possession or Control Requirements under the Securities and Exchange Commission Rule 15c3-3 December 31, 2020 LCG Capital Advisors, LLC The Company does not claim 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. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. {13}------------------------------------------------ ![](_page_13_Picture_0.jpeg) #### **EXEMPTION REPORT** LCG Capital Advisors, LLC ("Company") is a registered broker-dealer subject to SEC Rule 17a-5 ("Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by Rule 17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: The Firm does not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3-3; and the Firm is filing this Exemption Report 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. The Firm has no obligation under SEC Rule 15c3-3 because it does not directly or indirectly receive, hold or otherwise owe funds or securities for or to customers; does not carry accounts of or for customers; and does not carry PAB accounts. The Firm conducts business activities as an outsourced trader for institutional asset managers. We do not accept customer funds or securities and will not have possession of any customer funds or securities in connection with our activities. The Firm had no exceptions to the provision identified above throughout the most recent fiscal year. I, Craig Little, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. b~ Authorized Signature *cco* Title {14}------------------------------------------------ ![](_page_14_Picture_0.jpeg) ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM- EXEMPTION REPORT REVIEW To the Member of LCG Capital Advisors, LLC: We have reviewed management's statements, included in the accompanying LCG Capital Advisors, LLC, in which (1) LCG Capital Advisors, LLC identified the following provisions of 17 C.F.R. §15c3-3(k) under which LCG Capital Advisors, LLC placed reliance on footnote 74 to SEC Release 34-70073, and (2) LCG Capital Advisors, LLC stated that LCG Capital Advisors, LLC met the identified exemption provisions throughout the most recent fiscal year without exception. LCG Capital Advisors, LLC 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 LCG Capital Advisors, LLC 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 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 material respects, based on the provisions set forth in footnote 74 to SEC Release 34-70073. Assurance Dimensions Tampa, Florida February 10, 2021 ASSURANCE DIMENSIONS CERTIFIED PUBLIC ACCOUNTANTS & ASSOCIATES TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053 JACKSONVILLE: 4720 Salisbury Road, Suite 223 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053 ORLANDO: 1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053 SOUTH FLORIDA: 2000 Banks Road, Suite 218 | Margate, FL 33063 | Office: 754.800.3400 | Fax: 813.443.5053 www.assurancedimensions.com {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES #### Member of LCG Capital Advisors, 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 LCG Capital Advisors, LLC and the SIPC, solely to assist you and SIPC in evaluating LCG Capital Advisors, LLC compliance with the applicable instructions of the General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2020. LCG Capital Advisors, LLC 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 Report Form X-17A-5 Part III for the year ended December 31, 2020 with the Total Revenue amount 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 no 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 LCG Capital Advisors, LLC compliance with the applicable instructions of the Form SIPC-7 for the year ended December 31, 2020. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the information and use of LCG Capital Advisors, LLC and the SIPC and is not intended to be and should not be used by anyone other than these specified parties. Assurance Dimensions Tampa, Florida February 10, 2021 #### ASSURANCE DIMENSIONS CERTIFIED PUBLIC ACCOUNTANTS & ASSOCIATES TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053 JACKSONVILLE: 4720 Salisbury Road, Suite 223 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053 ORLANDO: 1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053 SOUTH FLORIDA: 2000 Banks Road, Suite 218 | Margate, FL 33063 | Office: 754.800.3400 | Fax: 813.443.5053 www.assurancedimensions.com Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.